The number of motorcycles in Sweden saw a consistent increase from 2013 to 2019, with slight year-on-year growth. However, there was a significant drop in 2020, likely impacted by external factors such as the pandemic. The market quickly rebounded in 2021, showing a strong recovery, and continued to rise through 2022 and 2023. In 2023, the market stood at 307.94 thousand motorcycles. The last 5-year CAGR (including 2023 forecast) is 0.5%, indicating steady yet moderate growth.
Future trends to watch for:
- The market is forecasted to continue its growth at a moderate pace, with a projected 5-year CAGR of 0.39%.
- By 2028, the number of motorcycles is expected to reach 314.54 thousand, reflecting a 1.98% growth rate from 2023.
- Potential impacts of electric motorcycles and sustainability trends influencing consumer preferences.
- Economic factors and regulatory changes that may affect motorcycle sales and ownership.