The Canadian market for motorcycles with spark ignition engines exceeding 800 cc stood at 1.2169 billion USD in 2023. Over the past decade, there have been fluctuations with a notable decline in 2015 followed by partial recovery. In recent years, the recovery has stabilized, evidenced by a slight 0.14% increase from 2022 to 2023. The five-year CAGR reflects an average annual decline of -0.59%, indicating a generally stagnant trend amidst occasional surges.
Future trends to watch include shifts in consumer preferences towards electric motorcycles, regulatory changes favoring low-emission vehicles, and potential impacts from advancements in engine efficiency and design innovations which could rejuvenate market interest.
How does Canada rank in Motorcycles (With Spark Ignition Engine of More than 800 Cc) Market Size Value?
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,244,000,000 | 2023 | +0.44% | +0.095% | View data |
| 2 | 2 Japan | 4,741,600,000 | 2023 | -0.82% | -1.27% | View data |
| 3 | 3 France | 3,038,800,000 | 2023 | +2% | +1.4% | View data |
| 4 | 4 Italy | 2,255,800,000 | 2023 | +1.79% | +1.66% | View data |
| 5 | 5 United Kingdom | 2,030,100,000 | 2023 | +1.36% | +0.86% | View data |
| 6 | 6 Germany | 1,824,700,000 | 2023 | +2.01% | -0.44% | View data |
| 7 | 7 Canada | 1,216,900,000 | 2023 | +0.14% | -0.59% | |
| 8 | 8 Austria | 311,610,000 | 2023 | +1.9% | +1.18% | View data |
| 9 | 9 Sweden | 178,390,000 | 2023 | +0.81% | -0.63% | View data |
