The per capita market size of motorcycles with spark ignition engines under 50cc in Belgium has shown fluctuation from 2013 to 2023. In 2023, this market stood at $3.86 per capita. Over the past two years, the value saw a decline in 2023 compared to 2022, following an increase from 2020 to 2022. The compound annual growth rate (CAGR) for the past five years indicates a minor average annual decrease.
Future trends to watch for include:
- Increased adoption of electric alternatives potentially affecting sales of traditional small-engine motorcycles.
- Regulatory changes and environmental concerns driving shifts in consumer preferences.
- Potential innovation in energy-efficient models revitalizing interest in this market segment.