From 2013 to 2023, the number of motorcycles per thousand USD GDP in Australia fluctuated notably, with a prominent peak in 2015 and a moderate decline thereafter. The years 2015 and 2016 saw significant increases of 22.13% and 1.55% year-on-year, respectively. Conversely, from 2017 onwards, there was a general downward trend, with some minor fluctuations. The number stood at 640.0 units per thousand USD GDP in 2023.
Highlights from the forecast period (2024-2028) include:
- A projected slight decrease from 640.0 units in 2023 to 620.0 units by 2028.
- An average annual decrease rate (CAGR) of -0.28% over the foresight span.
Future Trends to Watch For: Market dynamics could be influenced by increased environmental regulations, shifting consumer preferences towards sustainable transport solutions, and potential economic fluctuations. Monitoring these trends will be crucial for stakeholders in the motorcycle industry.
