From 2012 to 2022, the Motorcycle Parts (Except Saddles) market in Canada showcased significant fluctuations in its market size value, ranging from $422.27 million in 2012 to a peak of $485.1 million in 2013, followed by a series of variations. A consistent decline occurred from 2014 to 2020, with the value dropping substantially to $336.17 million in 2020. A partial recovery began in 2021, reaching $403.78 million in 2022.
Year-on-year variations highlight considerable volatility, with a notable peak in 2013 (14.88%) and a sharp decline in 2020 (-16.87%). The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.024%, indicating a very minimal average annual growth for the period from 2017 to 2022.
Future trends to watch for in this sector include technological advancements in motorcycle parts, increasing adoption of electric motorcycles, supply chain challenges, and regulatory changes that could impact both demand and production processes. Monitoring consumer behavior and preferences towards sustainable and eco-friendly parts will be crucial in forecasting the market dynamics for 2024 and beyond.
How does Canada 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% | |
| 8 | 8 Australia | 341,060,000 | 2023 | -0.97% | -0.14% | View data |
| 9 | 9 Peru | 257,660,000 | 2023 | +2.71% | +3.25% | View data |
