Between 2013 and 2023, Belgium's market for motorcycles with spark ignition engines of 250-500 cc experienced a steady increase in value, reaching $59.616 million in 2023. Notable was a substantial dip in 2020 with a year-on-year decrease of 16.26%, attributed possibly to pandemic impacts. A subsequent rebound occurred in 2021 with a 15.45% increase. The compound annual growth rate (CAGR) from 2019 to 2023 stood at 0.87%, indicating modest recuperation and stability in recent years.
Future market trends to watch include:
- Potential growth in electric motorcycles impacting gasoline engine sales.
- Regulatory changes and environmental policies affecting engine standards.
- Consumer preference shifts toward more fuel-efficient vehicles.
