The Thriving Off-Road Motorcycle Market: Trends, Challenges, and Future Prospects | UnivDatos Market Insights

Global Off-road Motorcycle Market is expected to grow at a significant rate of around 5% during the forecast period.

The Off-road Motorcycle Market is expected to grow at a steady rate of around 5% during the forecast period. Off-road motorcycles are those without a road license that are used for off-road riding or leisurely purposes. They may be driven on several types of all-terrain roads, including trail routes. In recent years, the demand for off-road motorcycles has risen dramatically due to the rising awareness and interest of adventure enthusiasts in Powersports as well as the growing number of recreational events. For instance, the U.S holds multiple racing events across the year where participants compete for titles and rewards. World Off-Road Championship Series (WORCS) is one of the biggest racing events organized in the country.

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Based on type, the market is segmented into dirt bikes, adventure bikes, trial bikes, enduro bikes, kids motorbikes and others. The enduro bike category is to witness a higher CAGR during the forecast period. This is mainly due to the high-performance output of the enduro bike which is mainly designed for off-road endurance racing events. The growing number of off-road sports activities is also considered the reason for the lucrative growth of the market.

Based on application, the off-road Motorcycle market has been classified into recreational and defence. The recreational category is to witness higher adoption of the off-road motorcycle during the forecast period. The growing popularity among individuals for sports activities related to off-roading racing events. Moreover, Consumers who want to ride their motorcycles for off-road leisure on rural roads and other places requiring minimal construction standards have a cheap choice in the form of off-road motorcycles.

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For a better understanding of the market adoption of the Off-road Motorcycle industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing prevalence of off-road recreational activities backed by growing disposable income and surging per capita spending of individuals in the region’s emerging economies is driving the market’s growth. Moreover, the wide expanse of applications along with growth in the military defence is further expected to support the market growth. In addition, the constant development of remote hilly areas along with growth in recreational activities further accelerates the market growth in the region. Also, major players in the market continue to invest in organizing various championships for Powersports enthusiasts. For instance, Kawasaki Heavy Industries, Ltd. launched the KX250 and KX450 dirt bikes in India in September 2021.

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Global Off-Road Motorcycle Market Segmentation


Market Insight, by Type

  • Dirt Bikes
  • Adventure Bikes
  • Trial Bikes
  • Enduro Bikes
  • Kids Motorbikes
  • Others


Market Insight, by Application

  • Recreational
  • Defence


Market Insight, by Engine Capacity

  • 500CC to 1000CC
  • Above 1000cc


Market Insight, by Region

  • North America
    • US
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World


Top Company Profiles

  • Rokon International Inc.
  • TORROT ELECTRIC EUROPA S.A
  • Husqvarna Motorcycles
  • Alta Motors
  • BETAMOTOR Spa
  • Hero MotoCorp Ltd
  • Bajaj Auto Ltd.
  • Royal Enfield
  • Sherco
  • TRS Motorcycles

 


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