Israel 2024. Motorcycles Market Lost Sales For Third Year in a Row

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Israel Motorcycles Market keeps struggling. In 2024 motorcycles sales have been 18.316 (-6.3%) the third lost in a row, and perspectives are not positive. SYM is market leader.

Israel represents the largest motorcycles industry in the Levant region and in recent years reported a steady negative path, after having near doubled the annual volumes during the previous decade.

However, since the October 7th terrorist attack and the consequence we are assisting any day, the market dropped, as most of consumer’s good activities.

In 2024 motorcycles sales have been 18.316 (-6.3%) the third lost in a row, and perspectives are not positive.

The market is dominated by four brands, SYM, Honda, Yamaha and Kymco which hold together 73.2% of market share. 

The market leader, since a decade – a part the 2015 – is the Taiwanese SYM and in 2024 the Korean manufacturer confirmed the leadership although sales declined 7.5%

The second, Honda, lost only 3.8%.like the third, Yamaha (-15.1%) while Kymco lost 17.6%.

 

SYM Mio 50