The import value of motorcycles with a cylinder capacity of 250-500 CC to China is forecasted to grow steadily from 2024 to 2028. After noting the imports in 2023 stood as a baseline, the value is projected to increase by approximately 6% from 2024 to 2025, followed by annual growth rates of 5.5% in subsequent years. Over the five-year period, the compound annual growth rate (CAGR) is projected to be around 5.6%.
Future trends to watch for include:
- Economic growth in China, potentially affecting demand and consumer spending power.
- Environmental policies that may influence the import and popularity of internal combustion vehicles.
- Technological advancements and the market shift toward electric motorcycles.