Spain 2024. Motorcycles Market Is Running At Highest Level Out Of Last 15 Years

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Nuuk City
Nuuk City

Spanish Motorcycles Market keeps momentum. In April the market hit a +20.6% with 20.355 sales, moving the year to date figures up to 68.435 (+8.4%).

 

Spanish Motorcycles Industry Trend and Perspectives

The Spanish continues to be the fifth largest “motorcycle” market in Europe (after Turkey, Italy, France and Germany) and is one of the fastest growing.

Sustained by a strong consumer’s demand, in 2023 sales increased 12.4% reaching 217.456, the highest level out of the last 15 years and the third growth in a row.

In 2024 the market was expected to slow down, as economic wind could be against. However, the first quarter data, up 4.0% at 48.080, was encouraging and in April the market hit a +20.6% with 20.355 sales, moving the year to date figures up to 68.435 (+8.4%).

The growth is driven by the motorcycles segment (+15.3%) particularly strong in the 751-1000cc class (+16%). However, even the scooter segment is positive (+3.0%) although electric demand was weak (-33.3%) against all expectations.

Looking at top manufacturer’s performance, Honda was still on top with sales up 2.2%.

In second place Yamaha is fast growthing (+42.7%) pulled up by NMAX125 (+162%) and MT-07 (+102.5%).

In third place Kymco (+3.8%) is ahead of BMW (+1.6%), Piaggio  (-19%), SYM (-0.3%), Kawasaki (+24.5%) and Zontes (22.5%).

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super-soco-ct
Honda PCX125
Honda PCX125
Silence S1