The motorcycles market with spark ignition engines of 50-250 cc in Malaysia experienced a fluctuating trend from 2013 to 2023, with a significant decline over the past decade. Reaching a value of $3.92 per capita in 2023, the sector has seen a notable decrease since its peak in 2014. Year-on-year variations show slight growth between 2021 and 2022, but a decline resumed in 2023. The compound annual growth rate over the last five years indicates a negative trend, reflecting an overall decrease in market value.
Future trends to watch for include:
- Potential regulatory changes in environmental standards that could impact engine manufacturing.
- A shift towards electric motorcycles, which might influence long-term market demand.
- Emerging consumer preferences for alternative transportation modes, affecting market dynamics.
- Economic factors influencing disposable income, which could further affect the market size value per capita.