The sold production of motorcycles in the UK has shown significant variation over the past decade. Between 2013 and 2018, the market experienced fluctuations with a predominantly declining trend, marked by significant drops in 2014, 2015, and 2017. However, 2019 saw an extraordinary surge, followed by a dip in 2020, and then a steady recovery from 2021 onwards. As of 2023, the market value stood at 143.85 million Euros, representing a 4.21% year-on-year increase from 2022.
Looking at the last five years, the compound annual growth rate (CAGR) has been 22.37%, showing a strongly positive trend post-2018. The future forecasts from 2024 to 2028 suggest a gradual growth, with a forecasted 5-year CAGR of 3.03%, indicating a moderate but consistent market recovery over the next five years.
Future trends to watch for include potential impacts from advancements in electric motorcycles, shifts in consumer preferences, regulatory changes, and economic factors that could influence market growth and stability.
