The Belgium market for motorcycles with spark ignition engines of 250-500 cc saw its value per capita stand at $5.18 in 2023. This represents a 0.58% increase from 2022, where the value was $5.15. Examining the compound annual growth rate (CAGR) over the past five years (2019 to 2023), the sector showed modest growth, hovering around 0.5% per year.
Key trends over the past decade indicate a relatively stable market, although there was a noticeable dip in 2020, likely due to COVID-19 impacts. Since then, the market has recovered, maintaining a steady upward trajectory.
Future trends to watch for include:
- Potential shifts towards electric motorcycles due to environmental concerns.
- Changes in consumer preferences towards higher capacity models or technologically advanced features.
- Market fluctuations due to regulatory changes impacting imports and emissions.