The Motorcycle Parts and Accessories Market in Norway experienced fluctuations between 2012 and 2022, with values peaking at $74.01 million in 2014 and hitting a low of $53.297 million in 2020. Growth rates were inconsistent, with significant declines in 2015, 2016, and 2020, counterbalanced by recoveries such as the 15.16% increase in 2017 and a 13.64% rise in 2021. The compound annual growth rate (CAGR) from 2017 to 2022 was -1.91%, illustrating a general market contraction over five years.
Future trends to watch for:
- Technological advancements in manufacturing and design that may drive parts and accessory innovation.
- Increasing environmental regulations and a shift towards electric motorcycles requiring specialized components.
- Changes in consumer preferences, potentially leading to diversified product offerings.
- Evolving distribution channels and growing e-commerce influence on market dynamics.
- Potential economic impacts and market recovery post-2023 due to global supply chain adjustments.
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,287,300,000 | 2023 | +0.27% | +0.65% | View data |
| 2 | 2 United Kingdom | 676,960,000 | 2023 | +1.24% | -1.68% | View data |
| 3 | 3 Switzerland | 185,990,000 | 2023 | -0.49% | +1.92% | View data |
| 4 | 4 Sweden | 93,108,000 | 2023 | -0.75% | +0.021% | View data |
| 5 | 5 New Zealand | 66,684,000 | 2023 | +3.19% | +3.39% | View data |
| 6 | 6 Norway | 62,856,000 | 2023 | -0.7% | -1.14% | |
| 7 | 7 Finland | 49,175,000 | 2023 | +3% | +1.79% | View data |
| 8 | 8 Costa Rica | 31,163,000 | 2023 | +2.35% | +3.65% | View data |
