The data on motorcycle ownership in Mexico shows a steady upward trend. It started at 15.77 units per thousand persons in 2013 and reached 52.4 units per thousand persons in 2023. The year-on-year variation has generally been positive, though it has slowed in recent years from a high of 19.7% in 2014 to 7.7% in 2023. Over the last five years, the CAGR has averaged 10.12%. For the forecast period up to 2028, the CAGR is expected to be 4.77%, indicating a more moderate growth rate.

Future trends to watch for:

Changes in economic conditions which could influence the affordability of motorcycles.
Government regulation impacts on motorcycle usage and ownership.
Technological advancements in electric motorcycles, which could affect market dynamics.
Urbanization and traffic congestion driving more people toward motorcycle ownership for convenience.