The Motorcycle market in Namibia with spark ignition engines of more than 800 cc has shown modest growth over the years. From 2013 to 2023, the market increased from 1.5157 million USD to 2.113 million USD, with 2023 reaching its highest valuation. Notably, the market fluctuated, seeing a dip in 2020 but recovering with a 16.89% rise in 2021. The last five years saw a CAGR of 1.26%, indicating steady progression.
Future trends to watch for include:
- Technological advancements in motorcycle design for better fuel efficiency.
- Increased consumer interest in leisure activities, potentially boosting motorcycle sales.
- The impact of economic changes on consumer purchasing power.
How does Namibia rank in Motorcycles (With Spark Ignition Engine of More than 800 Cc) Market Size Value?
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,244,000,000 | 2023 | +0.44% | +0.095% | View data |
| 2 | 2 Japan | 4,741,600,000 | 2023 | -0.82% | -1.27% | View data |
| 3 | 3 France | 3,038,800,000 | 2023 | +2% | +1.4% | View data |
| 4 | 4 Italy | 2,255,800,000 | 2023 | +1.79% | +1.66% | View data |
| 5 | 5 United Kingdom | 2,030,100,000 | 2023 | +1.36% | +0.86% | View data |
| 13 | 13 Poland | 106,850,000 | 2023 | +2.87% | +3.05% | View data |
| 14 | 14 Guatemala | 25,774,000 | 2023 | +6.94% | +3.96% | View data |
| 15 | 15 Namibia | 2,113,000 | 2023 | +1.96% | +1.26% | |
| 16 | 16 Montenegro | 1,540,200 | 2023 | +0.31% | +0.074% | View data |
