The production in the manufacture of motorcycles sector in Finland remained stable from 2013 to 2014 and then experienced significant growth in 2015, doubling the value. From 2017 to 2023, it maintained a steady level of 200.0 thousand euros, except in 2020 when it dipped by 50%. The forecast for 2024-2028 suggests another increase, stabilizing at 300.0 thousand euros from 2024 onwards. The production in 2023 stood at 200.0 thousand euros.
Key trends and variations:
- 2014: No change (0%) year-on-year.
- 2015: 100% increase year-on-year.
- 2017-2019: No change (0%).
- 2020: -50% year-on-year decline.
- 2021: 100% increase year-on-year.
- 2022-2023: No change (0%).
Over the last five years, the compound annual growth rate (CAGR) averaged around 0%. The forecasted data suggests stabilization and a moderate growth rate of 0% over the next five years.
Future trends to watch for:
- Potential for market stabilization with an expected production value of 300.0 thousand euros from 2024 to 2028.
- Monitoring technological advancements and regulatory changes that may impact production costs and volumes.
- Assessing consumer demand shifts due to economic conditions and environmental concerns.
