In 2023, the US motorcycle market with spark ignition engines over 800 cc recorded a value of around 10.2 billion USD. Projections for the period from 2024 to 2028 indicate steady growth, rising from 10.257 billion USD in 2024 to 10.449 billion USD in 2028. The year-on-year growth is modest, with an approximate increase of 0.49% annually. The compound annual growth rate (CAGR) for this period is estimated at 0.46%, demonstrating slow yet consistent expansion.
Future trends to watch include advancements in electric motorcycle technology which could impact the demand for traditional combustion engine motorcycles. Furthermore, evolving consumer preferences towards sustainable options may influence market dynamics. Key factors such as technological innovations, environmental regulations, and changes in consumer preferences will be important drivers influencing market development.
