Between 2015 and 2023, the production value of motorcycles in Sweden experienced a significant decline, dropping from 7.0 million Euros in 2015 to 2.0 million Euros in 2023. The year-on-year variation from 2022 to 2023 was -13.04%, with a five-year CAGR of -11.09%. This trend reflects a consistent decline over the period observed. The largest year-on-year decline occurred between 2016 and 2017 at -27.14%, while 2019 saw a brief stabilization with no change from the previous year. However, this stability was not sustained, and the downward trend continued.
Future forecasts from 2024 to 2028 predict an even sharper decline, with an estimated 5-year CAGR of -21.79% and a forecasted overall reduction of 70.73% by 2028. The production value in 2028 is projected to be just 0.49 million Euros.
Trends to watch for include the potential impacts of technological advancements in electric motorcycles, government policies on emission reduction, and changes in consumer preferences towards alternative modes of transportation. These factors could either exacerbate the decline or offer new opportunities for market recovery.
