The Swedish motorcycle market is projected to see steady growth from 2024 to 2028. In 2023, the number of motorcycles by engine capacity stood at 320,000 units. Forecasted data shows an increase to 324.05 thousand in 2024, representing a year-on-year variation of approximately 1.27%. The growth continues, reaching 338.28 thousand by 2028. The annual growth rates are around:
- 2025: 1.11%
- 2026: 1.09%
- 2027: 1.07%
- 2028: 1.05%
Over the five-year period, the CAGR stands at approximately 1.10%, highlighting a modest but consistent growth trend.
Future trends to watch for:
- Increased adoption of environmentally friendly motorcycles due to stringent emission regulations.
- Potential impacts of economic fluctuations on discretionary spending for leisure activities like motorcycle riding.
- Technological advancements in electric motorcycles and their market penetration.
