The Motorcycle Parts market in Norway, excluding saddles, experienced fluctuations in value from 2012 to 2022. The market reached its peak in 2014 at $74.01 million, followed by a significant drop to $62.971 million in 2015. The downward trend continued until 2016, picking up slightly again in 2017 with a value of $69.724 million. However, the trend remained mostly negative, reaching a low of $53.83 million in 2020. Recovery signs appeared in 2021 and 2022 with values of $61.566 million and $64.758 million respectively.
Bearing in mind these variations, the year-on-year percentage has shown considerable changes, from a high in 2017 with a 15.16% increase, to a notable 15.86% decrease in 2020. The CAGR over the five years has varied widely, displaying a -1.47% reduction most recently.
Future trends to consider include technological advancements in parts manufacturing, increasing consumer preference for durable and high-performance components, and the impact of environmental regulations on production methods.
How does Norway rank in Motorcycle Parts (Except Saddles) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 6,271,200,000 | 2023 | +0.87% | +0.89% | View data |
| 2 | 2 Germany | 2,381,600,000 | 2023 | +3.05% | +4.57% | View data |
| 3 | 3 France | 1,274,000,000 | 2023 | +0.088% | +0.44% | View data |
| 4 | 4 Mexico | 1,099,700,000 | 2023 | +5.25% | +4.91% | View data |
| 5 | 5 United Kingdom | 648,070,000 | 2023 | -2.3% | -2.54% | View data |
| 13 | 13 Sweden | 92,699,000 | 2023 | -1.4% | -0.067% | View data |
| 14 | 14 Ecuador | 77,169,000 | 2023 | +3.98% | +4.22% | View data |
| 15 | 15 Norway | 64,710,000 | 2023 | -0.073% | -0.56% | |
| 16 | 16 New Zealand | 60,181,000 | 2023 | +1.81% | +1.29% | View data |
| 17 | 17 Finland | 49,175,000 | 2023 | +3% | +1.79% | View data |
