The market size value per capita for motorcycles with spark ignition engines of 50-250 cc in Brunei has seen fluctuations over the past decade. In 2023, the value stood at $3.59, marking a small decline from 2022. Over the last two years, there has been an increase of approximately 4% from 2021 to 2023. The compound annual growth rate (CAGR) from 2019 to 2023 is around 2.4%, indicating a relatively steady market despite a dip in 2020.
Future trends to watch for:
- Economic recovery and consumer confidence post-2023.
- Potential shifts in consumer preference towards greener mobility solutions.
- Impact of government policies and incentives on motorcycle sales.
