From 2013 to 2023, motorcycle ownership in Finland increased steadily, reaching 53.13 units per thousand persons by 2023. Over the past two years, the year-on-year increase was 1.23% in 2022 and 1.15% in 2023, demonstrating a consistent yet modest upward trend. The compound annual growth rate (CAGR) for the last five years stood at 1.35%, indicating a stable but slowing increase in motorcycle ownership.
The forecast for 2024 and beyond predicts continued growth, but at a diminishing rate. By 2028, the motorcycle ownership is expected to reach 55.69 units per thousand persons, with a five-year CAGR of 0.73%, suggesting a more gradual increase moving forward.
Future trends to watch for include potential impacts of environmental regulations on motorcycle designs, advancements in electric motorcycles, urbanization affecting commute patterns, and possible changes in consumer preferences towards shared mobility solutions.
