The UK Motorcycles Market saw fluctuating growth between 2012 and 2022. Starting at $2.38 billion in 2012, it increased to $3.23 billion by 2022. Year-on-year variations displayed significant volatility, including a notable decline of 25.12% in 2012. However, recovery phases such as in 2017 and 2018 showed respective increases of 9.89% and 8.41%. The market experienced minor setbacks in 2019 and 2021 with declines of 3.95% and 4.3%. Over the last five years, the Compound Annual Growth Rate (CAGR) was modest, averaging 1.08%.
The forecasted trend for 2024 suggests caution as the market stabilizes. Key trends to watch for include the increasing adoption of electric motorcycles, legislative influences on emissions, and changing consumer preferences influenced by economic factors. The market is poised for shifts driven by technological advancements and regulatory policies.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,469,400,000 | 2023 | +3.95% | +6.61% | View data |
| 2 | 2 Italy | 5,294,200,000 | 2023 | -1.59% | -0.74% | View data |
| 3 | 3 France | 4,765,200,000 | 2023 | -10.74% | -6.61% | View data |
| 4 | 4 United Kingdom | 3,144,100,000 | 2023 | -0.48% | -1.07% | |
| 5 | 5 Canada | 1,822,400,000 | 2023 | -0.11% | -1.67% | View data |
| 6 | 6 Austria | 1,301,400,000 | 2023 | +2.95% | +4.67% | View data |
