The market size value per capita for motorcycles with spark ignition engines of less than 50 cc in Australia decreased from $2.12 in 2013 to $1.59 in 2023. This represents a continuous decline, with fluctuations observed, such as a minimal increase in 2014 and a peak decline between 2017 and 2019. The year-on-year variation for 2022-2023 shows a slight decline of approximately 0.63%. The compound annual growth rate (CAGR) over the last five years is approximately -0.85%, indicating an overall downward trend.
Future trends to watch for include the impact of new environmental regulations, shifts towards electric alternatives, and changing consumer preferences, which could further influence market dynamics in upcoming years.
