The new registrations of motorcycles in Belgium have shown fluctuating trends over the past decade. Registrations stood at 24.65 thousand in 2023, marking a slight decline of -0.049% year-on-year. Analyzing the past two years also reveals a moderate growth of 5.21% in 2022, followed by a consolidation in 2023. The Compound Annual Growth Rate (CAGR) for the past five years was -0.51%.
Looking ahead, the forecasted data suggest a very slight decline in registrations, with the 2028 forecasted at 24.51 thousand. The forecasted 5-year CAGR is -0.03%, indicating a relatively stable but slightly contracting market.
Future trends to watch for:
- Adoption of Electric Motorcycles: As environmental awareness climbs, electric motorcycles could see increased registrations.
- Regulatory Changes: Any new regulations regarding emissions or motorcycle usage could impact registrations.
- Economic Factors: Economic downturns or growth spurts could significantly affect consumer purchasing power and consequently motorcycle registrations.
