The market for motorcycles with spark ignition engines of 50-250 cc in New Zealand experienced fluctuations from 2013 to 2023. In 2023, the market size stood at $13.89 USD per capita. Notably, between 2021 and 2023, the market saw variability with a slight decrease of 1.1% from 2022 to 2023 and a preceding increase from 2020 to 2021 by 13.2%. Over the last five years, the compound annual growth rate (CAGR) was approximately -0.62%, reflecting a gradual decline over this period.
Future trends to watch for:
- Potential influence of electric motorcycles as alternatives to traditional combustion engines.
- Impact of changing regulations on emissions and their effects on market dynamics.
- Consumer preference shifts towards sustainable transportation solutions.
