In 2023, the market size value per capita for motorcycles with spark ignition engines of less than 50 cc in Canada stood at $0.95. The forecast data from 2024 to 2028 shows a consistent, albeit slight, incremental increase year-on-year. The predicted annual growth is approximately 1% per year. From 2024 to 2028, the compound annual growth rate (CAGR) of the market size value per capita is expected to be steady, reflecting continual consumer interest and demand.
Future trends to watch for include:
- Potential shifts in consumer preference towards electric motorcycles, which could alter demand dynamics.
- Changes in regulatory policies affecting small-engine motorcycles.
- Economic factors influencing consumer spending power, impacting market growth.
