The motorcycle employment sector in Spain has experienced a significant downturn over the past decade. The number of persons employed decreased by 16.56% CAGR between 2013 and 2014, continuing to drop annually with a -10.75% year-on-year decrease by the end of 2014. By 2023, the employed workforce had dwindled to 506 employees, representing a 17.32% decline from the previous year. The last five years exhibit a compounded annual growth rate (CAGR) of -9%. The forecast indicates an accelerated decline, projecting a staggering -62.45% CAGR from 2024 to 2028, culminating in nearly zero employment by 2028.
Future trends to watch for include potential structural changes within the motorcycle industry, such as shifts towards automation, digitalization, or a pivot to other forms of transportation. Additionally, the broader economic landscape and evolving regulatory frameworks could further influence the industry's employment prospects.