Over the past decade, the market size value of motorcycles with spark ignition engines of 500-800 cc in Chile showed a declining trend, starting from $2.68 per capita in 2013 and reaching $1.96 in 2023. The largest decrease occurred between 2015 and 2020, with occasional upticks like in 2021. The year-on-year variation shows a slight decline of 2% between 2022 and 2023. From 2019 to 2023, the compound annual growth rate (CAGR) averaged a decrease, indicating diminishing market size per capita over recent years.
Looking ahead, the market may face challenges such as increasing competition from electric motorcycles, shifting consumer preferences, and potential regulatory changes favoring environmentally friendly vehicles. However, opportunities may arise with technological advancements and economic recovery post-2023.
