The number of petrol motorcycles in Turkey stood at 2.7839 million in 2023. The trend from 2013 to 2023 shows consistent growth, with variations such as a 5.56% increase in 2014 diminishing gradually to a 1.20% increase in 2023. Notably, the Compound Annual Growth Rate (CAGR) has also been reducing, from 3.99% over the five years leading up to 2018, down to 1.14% by 2023. Looking ahead, the forecast indicates a more modest growth rate, with a forecasted 5-year CAGR of 0.86%, leading to a predicted total of 2.9396 million motorcycles by 2028.
Key future trends to monitor include:
- The impact of emerging electric motorcycles on the petrol motorcycle market.
- Government regulations and incentives aimed at reducing carbon emissions.
- Changing consumer preferences towards sustainable and eco-friendly transport options.
- Technological advancements in motorcycle fuel efficiency.