From a high peak of €204.3 million in 2020, the motorcycle manufacturing sector in Spain experienced a general downward trend, marked by a series of negative year-on-year variations. Specifically, for 2023, the production stood at €123.4 million, showing a 14.54% decrease from the previous year. Over the last five years, the compound annual growth rate (CAGR) showed an average yearly decline of 0.93%, indicating the sector's struggle to sustain its growth.

Looking forward, the forecast data portray a grim scenario with a continuous decline expected from 2024 onwards. The sector's production is projected to fall significantly, with a forecasted CAGR of -16.36% over the next five years, culminating in a total reduction of 59.06% by 2028.

Future trends to watch include:

The potential impact of sustainable and electric vehicle initiatives on traditional motorcycle production.
Shifts in consumer preferences towards alternative modes of transportation.
Regulatory changes and technological advancements in the automotive sector.