The motorcycle registrations in Finland have shown a mixed trend from 2013 to 2023, starting from a high of 3.97 thousand in 2013 and witnessing a general decline to 2.67 thousand in 2023. The year-on-year variation fluctuated greatly, with significant drops noticed in 2013 (-20.44%) and 2020 (-23.84%), while 2018 saw a positive rebound (+13.22%). Recent years from 2021 to 2023 have shown minor fluctuations, with a slight overall decline.
Looking at the CAGR values, there was a consistent negative growth rate observable from 2013 to 2017, which slightly improved but remained mostly negative up to 2023. The overall average annual decline over the last five years (from 2018 to 2023) is highlighted by a -3.6% CAGR.
Forecasted data indicates a continued downward trend, with motorcycle registrations expected to drop further from 2.52 thousand in 2024 to 2.0 thousand by 2028. The forecasted 5-year CAGR from 2023 to 2028 is -4.46%, leading to a total decline of approximately 20.41% over the forecasted period.
Future trends to watch for include potential shifts towards electric motorcycles, government policies affecting vehicle registrations, and broader socio-economic factors which could influence consumer preferences and disposable incomes. Additionally, environmental concerns and sustainable transport initiatives might play crucial roles in shaping the market landscape.
