The motorcycles with spark ignition engine of 50-250 cc market in Pakistan saw notable fluctuations from 2013 to 2023. The market size value per capita rose steadily from $2.36 in 2013 to $3.57 in 2023. The market exhibited significant yearly variations, with the most pronounced growth between 2016 and 2017 at 26.44%, and a dip between 2018 and 2020. In 2023, the market stood at $3.57, reflecting an average CAGR of 1.33% over the last five years.
Looking forward, trends to watch for include:
- Increasing consumer availability and affordability of motorcycles.
- Potential regulatory changes affecting engine sizes and emissions.
- Technological advancements such as electric motorcycles impacting the market dynamics.