Motorcycle ownership in the US has shown minor fluctuations from 2013 to 2023, with the value standing at 27.11 units per thousand persons in 2023. Notably, the value has generally followed a rising trend, especially from 2020 onwards. Year-on-year variations over the last two years were 0.65% in 2022 and 0.63% in 2023. The compound annual growth rate (CAGR) over the last five years is 0.46%, indicating gradual but steady growth in motorcycle ownership.
Future trends to watch for include:
- Increasing interest in sustainable and electric motorcycles.
- Potential impacts of economic factors on discretionary spending.
- Advancement in motorcycle technology enhancing user safety and experience.
- Changes in urban transportation policies promoting two-wheeler usage.
