The turnover in the motorcycle market in Spain for the year 2023 stood at 310 million Euros. Starting in 2024, forecasts show steady growth with values of 332 million Euros in 2024, 358.9 million Euros in 2025, 383 million Euros in 2026, 404.7 million Euros in 2027, and 424.2 million Euros in 2028. This indicates a positive year-on-year (YoY) growth trend:
• YoY growth from 2023 to 2024: 7.1%
• YoY growth from 2024 to 2025: 8.1%
• YoY growth from 2025 to 2026: 6.7%
• YoY growth from 2026 to 2027: 5.7%
• YoY growth from 2027 to 2028: 4.8%
The Compound Annual Growth Rate (CAGR) over the last five years (2024-2028) stands at approximately 6.5%, indicating a strong and stable increase in turnover.
Future trends to watch for include technological advancements in electric motorcycles, increased consumer interest driven by economic stability, and potential regulatory changes favoring eco-friendly transportation solutions. Market players should stay attuned to these factors to capitalize on emerging opportunities.
