The motorcycles turnover in Italy experienced fluctuations from 2013 to 2023, with actual values peaking at 3.03 billion Euros in 2019 and falling to 2.77 billion Euros in 2023. Between 2013 and 2014, there was a year-on-year decline before a rise in turnover from 2015 to 2017. 2018 and 2019 saw modest increases. However, from 2020 to 2023, the industry faced consistent year-on-year declines, with the compound annual growth rate (CAGR) over the last five years reflecting an average annual decrease of 1.49%.
The forecasted figures from 2024 onward predict a continued decline in turnover, with a forecasted average annual decrease of 1.27% over the next five years, cumulating in a 6.17% reduction by 2028. The expected turnover for 2028 stands at 2.56 billion Euros.
Future trends to watch for include shifts in consumer preferences towards sustainable transportation options, potential economic shifts, as well as the impact of new regulations on emissions and safety standards. The electric motorcycle market's growth and technological advancements will also be crucial in determining the industry's direction.
