Between 2013 and 2023, the value per capita for motorcycles with spark ignition engines under 50 cc in Canada showed a gradual increase from $0.80 to $0.95. Notably, the market experienced a steady rise each year until a slight drop occurred in 2019 and a significant decrease in 2020. Recovery began in 2021, reaching its peak in 2023 at $0.95.
Year-over-year analysis reveals fluctuations with a notable recovery in the past two years, leading to a 5-year CAGR trend of around 2.20%. The overall trend reflects a robust market growth with temporary volatility due to economic factors.
Future trends to watch for include shifts in consumer preferences toward eco-friendly and more fuel-efficient motorcycles, the impact of government regulations, and emerging technological developments. Additionally, potential economic constraints or incentives could influence future market dynamics.
