The motorcycle market with spark ignition engines of 50-250 cc in Brunei showed varied trends from 2013 to 2023. The market peaked in 2015 at 1.7367 million USD but saw fluctuations, with a significant drop in 2020 to 1.2965 million USD and a slight recovery in subsequent years. By 2023, the market stood at 1.5451 million USD. Over the past two years, there was a decrease in 2023 at -0.36% year-on-year after a 4.88% increase in 2022. The CAGR over the last five years indicates an average annual decrease of -0.37%.
Future trends to watch for include:
- Possible market stabilization or further declines due to economic conditions.
- Impact of environmental policies on internal combustion engines.
- Potential growth in electric or alternative fuel motorcycles.
- Shifts in consumer preferences towards other means of transportation.
