In 2023, Argentina leads in motorcycle ownership globally with 200.97 units per thousand persons, growing by 1.59% YoY. Italy follows at 123.19 units, with a 1.88% YoY increase. Spain and Malta show significant growth rates of 2.35% and 2.77%, with ownership levels at 83.03 and 63.85 units, respectively. Mexico experienced a notable surge of 10.12%, bringing its levels to 52.4 units. France, Belgium, and Japan are within a similar range, increasing steadily around 1%. The United States, despite lower ownership, grew 0.46%. Lithuania saw considerable growth of 7.23%, while Morocco leads points with 7.81%. Conversely, Kazakhstan saw a decline of -2.47%.
Future trends to watch:
• Continued growth in developing markets such as Mexico and Morocco. • Potential decline or slower growth in saturated markets like the United Kingdom and Kazakhstan. • Technological advancements and sustainability efforts impacting ownership trends across regions. • Urbanization and transportation policies influencing motorcycle popularity and ownership.
Top countries in Motorcycle Ownership by Country
| # | 10 Countries | Units Per Thousand Persons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 200.97 | 2023 | +1.87% | +1.59% | View data |
| 2 | 2 Italy | 123.19 | 2023 | +1.42% | +1.88% | View data |
| 3 | 3 Spain | 83.03 | 2023 | +2.05% | +2.35% | View data |
| 4 | 4 Malta | 63.85 | 2023 | +2.39% | +2.77% | View data |
| 5 | 5 Germany | 54.7 | 2023 | +0.31% | +0.73% | View data |
| 6 | 6 Finland | 53.13 | 2023 | +1.15% | +1.35% | View data |
| 7 | 7 Mexico | 52.4 | 2023 | +7.7% | +10.12% | View data |
| 8 | 8 France | 48.73 | 2023 | +2.12% | +1.26% | View data |
| 9 | 9 Belarus | 47.41 | 2023 | +1% | +1.28% | View data |
| 10 | 10 Belgium | 45.5 | 2023 | +1.09% | +1.17% | View data |
