The motorcycle parts (except saddles) market in South Africa has exhibited fluctuating trends over the past decade. Starting at a value of $66.203 million in 2012, the market saw varied yearly performances, peaking at $68.049 million in 2013. Since then, the market has experienced a downward trajectory, closing at $33.911 million in 2022. The largest annual decline was seen in 2018, with a drop of 19.28%. Over the last five years, from 2017 to 2022, the compound annual growth rate (CAGR) was a negative -7.84%, indicating a consistent downward trend.
Year-on-year variations suggest a generally declining market, with occasional minor recoveries, such as in 2013 and 2019, where the market saw slight growth. The period from 2016 to 2022 marked a steady decline, reflecting broader economic challenges and shifts in the automotive sector.
Future trends to watch for include:
- Emerging technological advancements in motorcycle parts.
- Influence of economic policies and trade regulations on import-export dynamics.
- Potential growth in electric motorcycle adoption, influencing parts demand.
- Changing consumer preferences towards alternative modes of transport.
How does South Africa rank in Motorcycle Parts (Except Saddles) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 6,271,200,000 | 2023 | +0.87% | +0.89% | View data |
| 2 | 2 Germany | 2,381,600,000 | 2023 | +3.05% | +4.57% | View data |
| 3 | 3 France | 1,274,000,000 | 2023 | +0.088% | +0.44% | View data |
| 4 | 4 Mexico | 1,099,700,000 | 2023 | +5.25% | +4.91% | View data |
| 5 | 5 United Kingdom | 648,070,000 | 2023 | -2.3% | -2.54% | View data |
| 18 | 18 Morocco | 35,155,000 | 2023 | +2.28% | +1.45% | View data |
| 19 | 19 Costa Rica | 31,163,000 | 2023 | +2.35% | +3.65% | View data |
| 20 | 20 South Africa | 27,627,000 | 2023 | -11.56% | -7.67% | |
| 21 | 21 Romania | 23,252,000 | 2023 | +2.29% | +1.83% | View data |
| 22 | 22 Uruguay | 15,912,000 | 2023 | -0.19% | -0.62% | View data |
