The market size value per capita for motorcycles with spark ignition engines of 50-250 cc in Barbados declined steadily from 2013 to 2023. It reached a low of $0.99 per capita in 2023, following fluctuations in the preceding years. In 2022, the market value increased by 2% from the previous year, but in 2023 there was a 4.8% decline. The five-year CAGR from 2018 to 2023 was negative, reflecting a downward trend overall.
Future trends to watch include shifts in consumer preferences towards eco-friendly transportation options, potential regulatory changes favoring electric bikes, and the impact of economic recovery on consumer spending in Barbados. Keeping an eye on technological advancements and their influence on market dynamics will also be essential.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 17.65 | 2023 | View data | ||
| 2 | 2 Japan | 16.05 | 2023 | View data | ||
| 3 | 3 New Zealand | 13.89 | 2023 | View data | ||
| 4 | 4 Italy | 13.79 | 2023 | View data | ||
| 5 | 5 Switzerland | 12.62 | 2023 | View data | ||
| 13 | 13 Latvia | 2.52 | 2023 | View data | ||
| 14 | 14 Bahrain | 2.18 | 2023 | View data | ||
| 15 | 15 Barbados | 0.99 | 2023 | |||
