The analysis of Uganda's motorcycle market value per capita from 2013 to 2023 indicates a consistent upward trend, culminating in $8.02 in 2023. Over the last decade, the market experienced a dip from 2013 to 2015 but recovered steadily thereafter. Notably, the year-on-year variations for 2022 and 2023 show minor increases of 1.13% and 1.13%, respectively. The compound annual growth rate (CAGR) from 2018 to 2023 averages 4.16% annually, reflecting sustained interest and investment in the motorcycle industry.
Future trends to watch for:
- Potential growth in electric motorcycles as environmental concerns rise.
- Increasing demand for affordable transportation solutions, boosting market size.
- Impact of economic factors and technological advances on market dynamics.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 145.39 | 2023 | View data | ||
| 2 | 2 Germany | 126.24 | 2023 | View data | ||
| 3 | 3 New Zealand | 104.85 | 2023 | View data | ||
| 4 | 4 Italy | 103.67 | 2023 | View data | ||
| 5 | 5 France | 78.63 | 2023 | View data | ||
| 9 | 9 United Kingdom | 46.82 | 2023 | View data | ||
| 10 | 10 Kenya | 14.4 | 2023 | View data | ||
| 11 | 11 Uganda | 8.02 | 2023 | |||
| 12 | 12 Ethiopia | 1.94 | 2023 | View data | ||
| 13 | 13 South Africa | 1.73 | 2023 | View data | ||
