Over the period from 2012 to 2022, the motorcycle market in Sweden has shown considerable fluctuation. Starting from a value of $330.68 million in 2012, the market experienced slight declines in 2012 and 2013, followed by steady growth. Remarkable growth years were 2016 and 2018 with 33.46% and 14.55% increases respectively. By 2022, the market reached $657.64 million, indicating a strong resurgence post-2021’s slight dip. The Compound Annual Growth Rate (CAGR) over the last five years stands at 5.97%, showcasing the market's robust overall growth despite year-on-year variations.
Key future trends to watch for in the Swedish motorcycle market include:
- Technological advancements and increasing adoption of electric motorcycles, driven by environmental sustainability efforts.
- Rising interest in leisure and adventure motorcycling that could potentially increase market demand.
- Economic factors and consumer spending power, which will influence market growth rates.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,469,400,000 | 2023 | +3.95% | +6.61% | View data |
| 2 | 2 Italy | 5,294,200,000 | 2023 | -1.59% | -0.74% | View data |
| 3 | 3 France | 4,765,200,000 | 2023 | -10.74% | -6.61% | View data |
| 4 | 4 United Kingdom | 3,144,100,000 | 2023 | -0.48% | -1.07% | View data |
| 5 | 5 Canada | 1,822,400,000 | 2023 | -0.11% | -1.67% | View data |
| 6 | 6 Austria | 1,301,400,000 | 2023 | +2.95% | +4.67% | View data |
| 7 | 7 Kenya | 807,070,000 | 2023 | +5.19% | +6.5% | View data |
| 8 | 8 Sweden | 676,410,000 | 2023 | +2.81% | +3.71% | |
| 9 | 9 Israel | 585,200,000 | 2023 | +8.96% | +4.2% | View data |
| 10 | 10 New Zealand | 529,820,000 | 2023 | +3.26% | +2.12% | View data |
