From 2013 to 2023, the share of motorcycles in total road motor vehicles in the US saw a general decline, starting at 3.12% in 2013 and falling to 2.91% by 2023. This trend indicates a consistent decrease in market share over the period, though it stabilized around 2.9% from 2020 onward. The year-on-year variation for 2023 compared to the prior year showed no significant changes, reflecting this stabilization trend. The last two years' variation likewise shows minimal fluctuation, while the past five years exhibited an average annual CAGR of 0.06%, indicating a near-stagnant market share.
Future trends to watch for include the potential impact of increasing electric motorcycle adoption, potential regulations affecting motorcycle use, and evolving consumer preferences towards alternative transport modes. Monitoring these factors will be crucial in predicting shifts in the motorcycle market share in the coming years.
