Northern America: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Northern America

The North American motorcycle and bicycle market expanded rapidly to $X in 2022, rising by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Motorcycle And Bicycle Production in Northern America

In value terms, motorcycle and bicycle production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decline. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Motorcycle And Bicycle Exports

Exports in Northern America

In 2022, shipments abroad of motorcycles and bicycles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports fell modestly to $X in 2022. Overall, exports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States was the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Canada (X units), committing a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and bicycles. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest motorcycle and bicycle supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Motorcycle And Bicycle Imports

Imports in Northern America

After two years of growth, purchases abroad of motorcycles and bicycles decreased by X% to X units in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, motorcycle and bicycle imports surged to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States represented the major importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Canada (X units), comprising a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of motorcycles and bicycles. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported motorcycles and bicycles in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, rising by X% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle and bicycle import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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