The motorcycle market in Turkey has shown varied growth patterns between 2013 and 2023, with significant fluctuations. In 2023, the number of motorcycles stood at 2.9162 million. The period saw a notable drop in 2020, followed by a recovery that peaked in 2022. Year-on-year growth was 1.88% in 2023, indicating a mature market. Over the last five years, the average annual growth rate (CAGR) was a modest 1.99%.
Looking forward, the market is expected to continue its gradual expansion, albeit at a slower pace. By 2028, the CAGR is forecasted to be 1.47%, translating to a 7.56% growth over the next five years. Key trends to watch include the impact of economic conditions, adoption of electric motorcycles, and changes in consumer preferences towards sustainable modes of transportation.
