From 2013 to 2019, Uganda's motorcycle market value per capita initially declined, hitting a low point in 2015 at $5.43. However, from 2016 onwards, the market saw a steady increase, reaching $7.98 in 2023. Key periods of recovery began in 2016 and continued post-2018, with the market regaining and surpassing initial 2013 levels. Notably, the year-on-year growth from 2021 to 2023 averaged around 1.3%, while the five-year CAGR from 2019 to 2023 stood at approximately 2.6%.
Future trends to watch include potential market expansion driven by urbanization, economic development, and policy incentives promoting two-wheeler transportation. Electric motorcycles and new regulations could also impact market dynamics.
| # | 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 | ||
| 6 | 6 Norway | 8.71 | 2023 | View data | ||
| 7 | 7 Uganda | 7.98 | 2023 | |||
| 8 | 8 China | 7.71 | 2023 | View data | ||
| 9 | 9 United Kingdom | 4.45 | 2023 | View data | ||
