Analysis of motorcycle ownership per thousand persons in Canada from 2024 to 2028 shows a steady increase:
- 2024: 20.79
- 2025: 20.99 (0.96% YoY)
- 2026: 21.18 (0.91% YoY)
- 2027: 21.37 (0.90% YoY)
- 2028: 21.56 (0.89% YoY)
The CAGR (Compound Annual Growth Rate) from 2024 to 2028 is approximately 0.91%.
Expect continued steady growth in motorcycle ownership in Canada driven by factors such as increasing urban congestion, growing interest in recreational riding, and rising fuel prices which might lead to more cost-effective transportation solutions.
