Motorcycle ownership in Sweden has shown a fluctuating yet generally steady trend over the past decade. In 2023, it stood at 31.91 units per thousand persons, marking a minor year-on-year increment of 0.3%. Analyzing the longer-term trend, the Compound Annual Growth Rate (CAGR) for the five years leading up to 2023 is 0.1%, showing a slight increase after overcoming prior years of decline. Looking ten years back from 2013 to 2022, the market experienced varied annual changes, with overall negative trends reversing towards stabilization and slight growth in recent years.
Short-term variations are reflected in the movements between -0.96% to 0.63% from year to year, whereas the stability becomes more apparent. From 2024 onwards, forecast trends are expected to continue the subtle rise pattern, projecting a 0.19% CAGR over the next five years, resulting in a total growth rate of 0.96% by 2028.
Future trends to watch for:
- Increased popularity of electric motorcycles as environmental concerns grow.
- Changes in urban transportation policies favoring motorcycle usage.
- Economic factors affecting discretionary spending on motorcycles.
- Technological advancements and safety features attracting new riders.
