The market size of motorcycles with a spark ignition engine of 50-250 cc in New Zealand was valued at $71.062 million USD in 2023. Over the past decade, the market has experienced fluctuations, with notable dips in 2016, 2020, and a strong recovery in 2021. The year-on-year growth highlights significant volatility, peaking with a 14.27% increase in 2021. The compound annual growth rate (CAGR) from 2019 to 2023 was approximately 0.091%, indicating stability despite intermittent declines.
Future trends to watch for include:
- Potential shifts towards electric motorcycles, driven by environmental regulations and consumer preferences.
- Technological advancements enhancing features and performance of smaller engines.
- Changing economic conditions and consumer spending impacting motorcycle sales.
How does New Zealand 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 |
| 13 | 13 Lebanon | 113,600,000 | 2023 | +3.85% | +4.08% | View data |
| 14 | 14 Switzerland | 110,670,000 | 2023 | +0.36% | +0.1% | View data |
| 15 | 15 New Zealand | 71,062,000 | 2023 | -0.16% | +0.091% | |
| 16 | 16 Norway | 47,184,000 | 2023 | +2.17% | +2.26% | View data |
| 17 | 17 Sweden | 45,622,000 | 2023 | -0.28% | -0.16% | View data |
