The market size value per capita for motorcycles with spark ignition engines of 50-250cc in Canada has shown fluctuations over the past decade. As of 2023, the value stood at $3.76. Compared to 2022, there was a decline of approximately 1.57%. Over the last two years, there has been a consistent downward trend. The compound annual growth rate (CAGR) from 2019 to 2023 reflected a negative growth of around 2.41% annually, indicating a declining market interest or economic factors affecting consumer spending in this segment.
Future trends to watch for include:
- The impact of increasing environmental regulations and consumer preference shifts towards electric motorcycles.
- Macroeconomic factors influencing discretionary consumer spending.
- Potential boosts from technological advancements and strategic partnerships among manufacturers to revitalize the market.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 17.65 | 2023 | View data | ||
| 2 | 2 Japan | 16.05 | 2023 | View data | ||
| 3 | 3 New Zealand | 13.89 | 2023 | View data | ||
| 4 | 4 Italy | 13.79 | 2023 | View data | ||
| 5 | 5 Switzerland | 12.62 | 2023 | View data | ||
| 10 | 10 Sweden | 4.32 | 2023 | View data | ||
| 11 | 11 Germany | 3.95 | 2023 | View data | ||
| 12 | 12 Canada | 3.76 | 2023 | |||
| 13 | 13 Latvia | 2.52 | 2023 | View data | ||
| 14 | 14 Bahrain | 2.18 | 2023 | View data | ||
