In 2023, the number of petrol motorcycles in Finland stood at approximately 276.44 thousand units. Over the past decade, the market has shown a steady increase. For instance, from 2014 to 2023, the market grew from 257.05 thousand to 276.44 thousand units. The year-on-year growth rate has varied, with a maximum of 1.59% in 2018 and a minimum of -0.081% in 2019. The compound annual growth rate (CAGR) for the last five years is 0.32%, reflecting a modest but consistent growth pattern.
Future trends to watch for:
- Further adoption of electric motorcycles may impact the petrol motorcycle market growth.
- Environmental regulations could become stricter, influencing petrol motorcycle registrations.
- Technological advancements in fuel efficiency might attract new buyers.
Forecasts indicate that by 2028, the number of petrol motorcycles in Finland will reach approximately 281.67 thousand units, with a forecasted 5-year CAGR of 0.3% and a 5-year growth rate of 1.49%. This suggests that the market will continue to grow, albeit at a slower pace.
