The motorcycle parts market in Australia, excluding saddles, exhibited a declining trend from 2012 to 2022. The market value dropped from USD 439.1 million in 2012 to USD 344.41 million in 2022, marking a notable decrease over the observed period. Key year-on-year variations show significant fluctuations: a peak in 2012 with a 7.69% increase, several years of decline, and sharp drops such as 17.83% in 2020 followed by recovery years. Over the last two years, the market grew by 13.32% in 2021 and 4.23% in 2022. The Compound Annual Growth Rate (CAGR) over the last 5 years indicates an overall average annual decline of 2.47%.
Future trends to watch for include the adoption of electric motorcycles, advancements in smart technology for parts, and potential market recovery post-pandemic as consumer confidence and spending potentially increase.
How does Australia rank in Motorcycle Parts (Except Saddles) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 6,271,200,000 | 2023 | +0.87% | +0.89% | View data |
| 2 | 2 Germany | 2,381,600,000 | 2023 | +3.05% | +4.57% | View data |
| 3 | 3 France | 1,274,000,000 | 2023 | +0.088% | +0.44% | View data |
| 4 | 4 Mexico | 1,099,700,000 | 2023 | +5.25% | +4.91% | View data |
| 5 | 5 United Kingdom | 648,070,000 | 2023 | -2.3% | -2.54% | View data |
| 6 | 6 Pakistan | 442,820,000 | 2023 | +1.21% | +1.49% | View data |
| 7 | 7 Canada | 403,170,000 | 2023 | -0.15% | -0.2% | View data |
| 8 | 8 Australia | 341,060,000 | 2023 | -0.97% | -0.14% | |
| 9 | 9 Peru | 257,660,000 | 2023 | +2.71% | +3.25% | View data |
| 10 | 10 Switzerland | 188,690,000 | 2023 | +0.77% | +2.21% | View data |
