In 2023, the share of motorcycles in total road motor vehicles in Japan was 6.22%. The forecast data for the years 2024 to 2028 shows a gradual increase in the share of motorcycles, starting from 6.26% in 2024 and reaching 6.43% by 2028. The year-on-year variation reveals a steady growth of approximately 0.6 to 0.7% annually. Over the last five years, the Compound Annual Growth Rate (CAGR) indicates an average yearly growth of around 0.65%.
Future trends to watch for include the impact of technological advancements in electric motorcycles, shifting consumer preferences towards more environmentally friendly transportation options, and potential regulatory changes that could influence the market dynamics in favor of motorcycles. Additionally, urbanization and traffic congestion could further drive the adoption of motorcycles as a convenient mode of transportation.
