The motorcycles market with spark ignition engines of 50-250 cc in Austria experienced a significant decrease from 2012 to 2015, falling from $173.76 million to $136.1 million. However, there was a gradual recovery from 2016, reaching $161.6 million by 2019 despite a significant slump in 2020 with a value of $129.54 million due to external factors. The market saw a robust recovery over the next two years, with values rising to $149.24 million in 2021 and $158.1 million in 2022. As of 2023, the market is forecasted to maintain a steady value around this range.
Key percentage variations over the last two years are noteworthy: a significant -19.84% drop in 2020, followed by a strong recovery of 15.21% and 5.94% in 2021 and 2022 respectively. The last five-year CAGR from 2018 to 2022 shows an average annual growth of 2.52%, indicating a positive trend.
Future trends to watch for include the influence of electric motorcycles, governmental regulations on emissions, and the impact of technological advancements on engine efficiency. Monitoring these factors will be crucial for predicting the market dynamics in the coming years.
How does Austria rank in Motorcycles (With Spark Ignition Engine of 50-250 Cc) Market Size Value?
| # | 20 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 11,523,000,000 | 2023 | +3.54% | +2.73% | View data |
| 2 | 2 United States | 2,617,400,000 | 2023 | +1.78% | +1.81% | View data |
| 3 | 3 Japan | 2,018,600,000 | 2023 | -1.48% | -2.56% | View data |
| 4 | 4 Pakistan | 779,290,000 | 2023 | +2.16% | +2.33% | View data |
| 5 | 5 Italy | 771,290,000 | 2023 | -2.97% | -3.04% | View data |
| 8 | 8 Germany | 332,720,000 | 2023 | -2.25% | -2.68% | View data |
| 9 | 9 United Kingdom | 303,680,000 | 2023 | -1.84% | -1.89% | View data |
| 10 | 10 Austria | 159,080,000 | 2023 | +0.62% | +2.49% | |
| 11 | 11 Canada | 150,230,000 | 2023 | -0.29% | -0.14% | View data |
| 12 | 12 Malaysia | 128,690,000 | 2023 | -2.77% | -1.86% | View data |
