From 2013 to 2019, the motorcycle market in France saw robust growth, with value peaking at $7.097 billion in 2019. However, this growth trajectory reversed from 2020 onwards, with annual declines culminating in a value of $4.7652 billion by 2023. This recent downward trend was marked by significant year-on-year contractions, including a 10.74% drop in 2023.
The forecasted data for the next five years suggests a persistent decline, with the market expected to shrink further to $1.9833 billion by 2028. The compound annual growth rate (CAGR) for this period is predicted to be -13.92%, reflecting an overall contraction of 52.75% from 2023 to 2028.
Future trends to watch for:
- Increased competition from electric vehicles could intensify the market decline.
- Regulatory changes and economic conditions may further impact sales.
- Rising urbanization and environmental concerns could shift consumer preferences.
