The data shows a declining trend in the motorcycle market size in Canada from 2013 to 2016, followed by sporadic growth until 2019. However, from 2020 onwards, the market exhibits a slight but consistent downward trend, with the value expected to hit $1.8126 Billion by 2028. The year-on-year variations over the last two years display minor declines of -0.11% for both 2022 and 2023. The last 5-year CAGR shows a small negative trend at -0.09%.
Future trends to watch in the Canadian motorcycle market include potential effects of shifting consumer preferences towards electric motorcycles, changes in fuel prices, and economic conditions. Additionally, advances in autonomous vehicles and shared mobility solutions might influence conventional motorcycle demand.
