The market for motorcycles with spark ignition engines of 50-250 CC in Uganda experienced steady growth from 2016 onwards, reaching a value of 461.58 million USD in 2023. After a period of decline from 2013 to 2015, the market rebounded and displayed consistent year-on-year growth, with the last five years having an average CAGR of 11.17%. Notably, growth fluctuations smoothed out over recent years, indicating a strengthening market.
Looking ahead, this upward trend is expected to continue as more Ugandans opt for affordable and efficient forms of transport. Key trends to watch include technological advancements in motorcycles, potential government policies favoring vehicle emissions reduction, and socio-economic factors influencing disposable income and consumer preferences for personal mobility solutions.
How does Uganda rank in Motorcycles (With Spark Ignition Engine of 50-250 Cc) Market Size Value?
| # | 20 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 11,523,000,000 | 2023 | +3.54% | +2.73% | View data |
| 2 | 2 United States | 2,617,400,000 | 2023 | +1.78% | +1.81% | View data |
| 3 | 3 Japan | 2,018,600,000 | 2023 | -1.48% | -2.56% | View data |
| 4 | 4 Pakistan | 779,290,000 | 2023 | +2.16% | +2.33% | View data |
| 5 | 5 Italy | 771,290,000 | 2023 | -2.97% | -3.04% | View data |
| 6 | 6 France | 665,270,000 | 2023 | -2.24% | -3.01% | View data |
| 7 | 7 Uganda | 461,580,000 | 2023 | +8.55% | +11.17% | |
| 8 | 8 Germany | 332,720,000 | 2023 | -2.25% | -2.68% | View data |
| 9 | 9 United Kingdom | 303,680,000 | 2023 | -1.84% | -1.89% | View data |
