The forecasted number of petrol motorcycles in Belgium will be on a steady rise from 502.99 thousand in 2024 to 513.45 thousand in 2028, indicating a gradual increase in ownership. In 2023, the number of petrol motorcycles stood at 500 thousand, serving as the baseline for evaluating future trends.
The year-on-year growth from 2024 to 2025 is approximately 0.54%, while the growth from 2025 to 2026 is about 0.52%. The rise from 2026 to 2027 is around 0.51%, and from 2027 to 2028, it is approximately 0.50%. This suggests a consistent yet slightly decelerating growth pattern in the number of petrol motorcycles year after year.
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is roughly 0.53%, reflecting an overall modest expansion in the market.
Future trends to watch for include potential shifts towards electric motorcycles as environmentally conscious regulations and innovations gain traction. Additionally, market responses to fuel prices and economic factors could influence the long-term demand for petrol motorcycles.
