The motorcycle parts market (excluding saddles) in the US has exhibited moderate growth over the last decade, reaching a value of $6.2712 billion in 2023. From 2013 to 2023, the market experienced fluctuations with both increases and decreases in value. Particularly, significant decreases were noted in 2016 and 2020, with year-on-year variations of -1.37% and -16.21%, respectively. However, periods of recovery also occurred, most notably in 2015 and 2021 with year-on-year increases of 5.61% and 15.52%, respectively. Over the last five years, the market's CAGR stood at 0.89%, indicating a generally stable trend with incremental growth.
Future trends to watch for include the influence of technological advancements in motorcycle parts, increasing adoption of electric motorcycles, and potential shifts in consumer preferences. Additionally, economic factors such as changes in disposable income and fuel prices may impact market dynamics.
How does the United States 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% | |
| 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 |
