The import of motorcycles with reciprocating internal combustion piston engines of a cylinder capacity not exceeding 50 CC to the US is forecasted to experience a continuous decline from 2024 to 2028. In 2023, the import volume stood at approximately 3.5 million kilograms. By 2028, the volume is projected to decrease to 1.316 million kilograms. Year-on-year, the import volume is expected to decline from 2024 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average decrease in import volume.
Future trends to watch for:
- Increasing environmental concerns and regulations may shift consumer preferences towards electric motorcycles, potentially impacting the import of combustion-engine models.
- Technological advancements and cost reductions in electric vehicle manufacturing might accelerate this shift.
- Economic factors and trade policies could also influence the import numbers.