The motorcycles market in Kenya has shown substantial growth from 2012 to 2022. It surged from $347.19 million in 2012 to $731.63 million in 2022. A detailed year-on-year analysis reveals a generally upward trend with slight fluctuations. Although the market experienced dips in 2020 (-1.56%) and 2021 (-0.75%) due to potential economic impacts, it rebounded strongly in 2022 with a 9.04% growth. Over the past five years (2017-2022), the compound annual growth rate (CAGR) stood at 5.17%, reflecting moderate but steady market expansion.
Future trends to watch for include the growing demand for motorcycles due to urbanization and the need for efficient transportation solutions. Technological advancements and the rise in electric motorcycles could also significantly impact the market. Monitoring economic conditions and regulatory changes will be crucial for understanding market trajectories in the upcoming years.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,469,400,000 | 2023 | +3.95% | +6.61% | View data |
| 2 | 2 Italy | 5,294,200,000 | 2023 | -1.59% | -0.74% | View data |
| 3 | 3 France | 4,765,200,000 | 2023 | -10.74% | -6.61% | View data |
| 4 | 4 United Kingdom | 3,144,100,000 | 2023 | -0.48% | -1.07% | View data |
| 5 | 5 Canada | 1,822,400,000 | 2023 | -0.11% | -1.67% | View data |
| 6 | 6 Austria | 1,301,400,000 | 2023 | +2.95% | +4.67% | View data |
| 7 | 7 Kenya | 807,070,000 | 2023 | +5.19% | +6.5% | |
| 8 | 8 Sweden | 676,410,000 | 2023 | +2.81% | +3.71% | View data |
| 9 | 9 Israel | 585,200,000 | 2023 | +8.96% | +4.2% | View data |
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