The motorcycle market in Lebanon, specifically for models with spark ignition engines of 50-250 cc, stood at 113.6 million USD in 2023. This represents a modest annual growth of 3.85% compared to the previous year. Over the last five years, the market exhibited a compound annual growth rate (CAGR) of 4.08%. The historical trend shows robust growth, with highs during 2014-2017, followed by a decline in 2020 before recovering in 2021 and continuing to grow gradually through 2023.
Looking ahead, future trends to watch include:
- An increased demand for affordable and efficient personal transportation.
- Potential regulatory changes affecting emissions and engine standards.
- The impact of economic conditions and currency fluctuations in Lebanon.
- Technological advancements and increased interest in alternative fuel vehicles.
How does Lebanon rank in Motorcycles (With Spark Ignition Engine of 50-250 Cc) Market Size Value?
| # | 20 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 11,523,000,000 | 2023 | +3.54% | +2.73% | View data |
| 2 | 2 United States | 2,617,400,000 | 2023 | +1.78% | +1.81% | View data |
| 3 | 3 Japan | 2,018,600,000 | 2023 | -1.48% | -2.56% | View data |
| 4 | 4 Pakistan | 779,290,000 | 2023 | +2.16% | +2.33% | View data |
| 5 | 5 Italy | 771,290,000 | 2023 | -2.97% | -3.04% | View data |
| 11 | 11 Canada | 150,230,000 | 2023 | -0.29% | -0.14% | View data |
| 12 | 12 Malaysia | 128,690,000 | 2023 | -2.77% | -1.86% | View data |
| 13 | 13 Lebanon | 113,600,000 | 2023 | +3.85% | +4.08% | |
| 14 | 14 Switzerland | 110,670,000 | 2023 | +0.36% | +0.1% | View data |
| 15 | 15 New Zealand | 71,062,000 | 2023 | -0.16% | +0.091% | View data |
