The Swedish motorcycle market saw significant fluctuations between 2013 and 2023. Registrations grew from 7.78 thousand units in 2013 to 11.22 thousand units in 2023. A notable spike occurred in 2016 with a 40.31% increase, followed by a decrease in 2017. Recent years exhibit more stable growth; 2023 showed a modest 1.14% increase from 2022. The five-year CAGR from 2018 to 2023 is approximately 1.6%.
Year-on-year variations for the past two years:
- 2022: 6.5% increase
- 2023: 1.14% increase
The forecast indicates gradual growth, with motorcycle registrations expected to reach 11.85 thousand by 2028. The projected five-year CAGR (2024-2028) is around 0.92%, with an overall growth rate of 4.67% over the same period.
Future trends to watch for:
- The impact of environmental regulations on motorcycle demand.
- Technological advancements and the adoption of electric motorcycles.
- Economic factors influencing disposable income and luxury spending.
