Latin America Bikes Market is skyrocketing. In 2023 the progress continues, whilst with a far more reasonable speed, and revenue grew up at 5.6 million (+4.6%), the 12th consecutive document in a row.
You should observe information documented regards the motorcycles business in large extended, like not only 2/3 wheelers as moped, scooter, motorcycles, but even other vehicles, like ATVs, generally bundled in this market.
As significantly as the Latin The united states two-wheeler industry, we essentially include a huge vary of 17 nations, Mexico, Brazil, Bolivia, Argentina, Colombia, Peru, Guatemala, Paraguay, Ecuador, Costa Rica, Honduras, Nicaragua, Chile, Uruguay, El Salvador and Panama. So when reporting details on the location, we imply the total of these nations.
Bikes Sector Development
The motorcycles industry in Latin The us is rapidly increasing since in excess of a 10 years although solitary countries have struggled for a time period for area crisis (Argentina and Brazil a lot more than others). In the last ten decades the sector grew up from 3.7 million (2012) to 5.6 million (2023).
In this ten years the market place genuinely altered, with historical nations, like Brazil, be again at the preceding splendor just after couple of decades of decrease, and new markets booming, like Guatemala, Colombia, Peru, Ecuador.
Mexico scored a extensive collection of 12 months-on-yr information up to sign up for the top 10 marketplace club around the world.
In 2023 the current market, at regional stage from Mexico to the terra del fuego in Argentina, described 5.67 million 2-wheeler sold, a new history, 4.6% over the past 12 months.
Thanks to a roaring +21.3%, Brazil is back again the biggest market place, overtaking Mexico , second with sales up a small 2.5%.
The third market is Colombia, while product sales declined in double-digit (-16.8%) next the report proven in 2022.
In fourth place a recovering Argentina (+15.5%).
The fifth is Guatemala hitting the new history, increasing 11.1% and overtaking Peru.
Peru , keeps declining, as in 2022, shedding another 8.8%.
In seventh area there is Ecuador (+21.8%), followed by Honduras (at record with +13.1%) and Dominican Republic (at report as properly with +22.9%), Bolivia -22.4%) and then Paraguay(-31.%).
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