The motorcycle market in Germany witnessed fluctuations over the past years, starting at 3.746 billion in 2012 and reaching 8.871 billion in 2022. The market saw significant growth phases, especially between 2016 and 2020 with a remarkable increase in 2016 at 24.98% year-on-year. The compound annual growth rate (CAGR) reached a peak of 16.55% in 2020, before slowing down to 9.9% by 2022. Despite a minor dip of -3.42% in 2021, the trend recovered in 2022 with a 9.59% increase. In 2023, the market value stood firmly, continuing its upward trajectory.
Future trends to watch for include:
- Increasing consumer preference for electric motorcycles amid rising environmental concerns.
- Technological advancements in motorcycle safety and performance features.
- The impact of regulatory changes and incentives for greener mobility solutions.
- Shifting demographic preferences towards eco-friendly and adventure motorcycles.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,469,400,000 | 2023 | +3.95% | +6.61% | |
| 2 | 2 Italy | 5,294,200,000 | 2023 | -1.59% | -0.74% | View data |
| 3 | 3 France | 4,765,200,000 | 2023 | -10.74% | -6.61% | View data |
| 4 | 4 United Kingdom | 3,144,100,000 | 2023 | -0.48% | -1.07% | View data |
| 5 | 5 Canada | 1,822,400,000 | 2023 | -0.11% | -1.67% | View data |
