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Off-road Motorcycle Market

Off-road Motorcycle Market Size, Share and Segmentation by Type (Dirt Bikes, Trial Bikes, Enduro Bikes, Adventure bikes, Kids Motorbikes, Others), by Application (Defense, Recreational), by Distribution Channel (OEM, Aftermarket), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1205 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Off-road Motorcycle Market Size was valued at USD 98.7 billion in 2021 and is expected to reach USD 137.95 billion by 2028 and grow at a CAGR of 4.9% over the forecast period 2022-2028.

The worldwide off-road motorbike market is expanding rapidly and will continue to do so in the coming years. Off-road motorcycles are built for difficult terrain and unpaved roads. Off-road riders favor off-road motorcycles because of qualities such as energy efficiency, comfort, and maneuverability. Off-road bikes are primarily utilized for a variety of purposes, including military patrolling and off-road bike racing. This motorbike is ideal for mountainous places because of the high torque engine, which allows the motorcycle to climb steep slopes. Furthermore, it has an appealing shape that attracts youth and aids in changing their preferences. Automobile sector advancements pave the way for enhanced and safer off-road motorcycles in terms of comfort, suspension, and safety.

Off-road Motorcycle Market Revenue Graph

Off-road motorcycles are non-road licensed motorcycles that are used for off-road riding or for recreational purposes. They may be driven on any type of all-terrain road, including trail routes. They are the best prepared in terms of racing, tournaments, and adventure. Off-road bikes are becoming increasingly popular among riders and bike enthusiasts as recreational vehicles. In comparison to on-road bikes, the machines feature more torque and ground clearance.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The rise in consumer preference for luxury off-road motorcycles.

  • The spike in acceptance of safety and security measures in the vehicle sector.

  • The rising popularity of off-road motorbike racing among the younger generation.

RESTRAINTS: 

  • The high cost of the product.

  • The lack of a connected standard may limit market expansion.

  • An unpleasant sitting configuration.

OPPORTUNITIES: 

  • Investments in automation.

  • Introduction of new and technologically advanced goods.

  • Rising consumer demand for high speed, appealing design, and digital dashboards.

  • Government attempts to produce cars for mountainous locations all present new opportunities in the business.

CHALLENGES: 

  • The biggest issue for the Off-road Motorcycle Market is projected to be intense competition.

  • Fluctuating prices.

  • Altering OEM preferences.

IMPACT OF COVID-19:

As off-road and adventure motorcycles were being offered from showrooms, the COVID-19 had a zero-sum impact on the market. The features and benefits of these motorcycles, as well as increased interest in adventure racing, have aided market expansion. Lockdown measures that are loosened can enhance sales momentum and relieve market stress. The end-use industry is severely impacted by the global economic crisis caused by the lockdown. Because researchers must remain at home during the lockdown, automotive technology research and development will be hampered. Due to job losses and people returning home, there will be a decrease in inwardly connected vehicles.

KEY MARKET PLAYERS:

Husqvarna Motorcycles GmbH, TRS Motorcycles, Chritini Technologies, Kawasaki Heavy Industries Ltd., Suzuki Motors, Ural Motorcycles, KTM AG, BMW Group, ROKON International Inc., Benelli QJSrl, Ducati Motor Holding Spa, Alta Motors, Honda Motor Co. Ltd., Piaggio & C Spa, Triumph Motorcycles Ltd., Yamaha Motor Co. Ltd., ROKON, Torrot, Betamotor, Suzuki Motor Corp, Sherco, and Kuberg (Czech Republic) are some of the major players in the industry.

MARKET ESTIMATION: 

Market, By Type:

The market is divided into six categories based on the kind of type: Dirt Bikes, Trial Bikes, Enduro Bikes, Adventure bikes, Kids Motorbikes, and Others. These motorcycles have tough tires and suspensions for cross-country riding or traveling on uneven terrain.

Market, By Application:

The market is divided into applications, which are further divided into Defense, and Recreational. The recreational sector of the Off-Road Motorcycles market is estimated to account for the greatest market share. Consumers who want to use their motorcycles for off-road enjoyment on country roads and in places with minimum construction criteria can use off-road motorcycles for recreational reasons.

Market, by Distributional Channel

The market is separated into two types of Distributional Channels: OEM, and Aftermarket. In 2017, the OEM ruled the global off-road motorbike market. An original equipment manufacturer (OEM) develops systems or components for use in another company's final product. OEM elements, such as processors and software, are frequently included or integrated into the solutions sold by computer manufacturers.

MARKET SEGMENTATION:

By Type:

  • Dirt Bikes

  • Trial Bikes

  • Enduro Bikes

  • Adventure bikes

  • Kids Motorbikes

  • Others

By Application:

  • Defense

  • Recreational

By Distribution Channel:

  • OEM

  • Aftermarket

Off-road Motorcycle Market Segment Chart

REGIONAL ANALYSIS:

Due to a large population interested in adventure tours and a love of biking, APAC is likely to lead the worldwide industry. The market may benefit from a shift in demand from speed to features. Customers may be attracted by motorcycle manufacturers' investments and the creation of completely knocked down (CKD) facilities. Showrooms promoting the latest models, as well as competitions designed to generate interest, can help the off-road motorbike business. Due to a significant number of motocross events and customer interest in recreational activities, North America is expected to increase at a rapid pace throughout the projection period. Engines, powertrains, brakes, and combustion technologies that are more capable can entice customers to showrooms.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Off-road Motorcycle Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 98.7 Billion
Market Size by 2028 US$ 137.95 Billion
CAGR CAGR of 4.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Dirt Bikes, Trial Bikes, Enduro Bikes, Adventure bikes, Kids Motorbikes, Others), by Application (Defense, Recreational)
• by Distribution Channel (OEM, Aftermarket)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Husqvarna Motorcycles GmbH, TRS Motorcycles, Chritini Technologies, Kawasaki Heavy Industries Ltd., Suzuki Motors, Ural Motorcycles, KTM AG, BMW Group, ROKON International Inc., Benelli QJSrl, Ducati Motor Holding Spa, Alta Motors, Honda Motor Co. Ltd., Piaggio & C Spa, Triumph Motorcycles Ltd., Yamaha Motor Co. Ltd., ROKON, Torrot, Betamotor, Suzuki Motor Corp, Sherco, and Kuberg (Czech Republic)
Key Drivers •The rise in consumer preference for luxury off-road motorcycles.

•The spike in acceptance of safety and security measures in the vehicle sector.
RESTRAINTS •The high cost of the product.

•The lack of a connected standard may limit market expansion.

•An unpleasant sitting configuration.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Off-road Motorcycle Market Segmentation, by Type

 

8.1 Dirt Bikes

8.2 Trial Bikes

8.3 Enduro Bikes

8.4 Adventure bikes

8.5 Kids Motorbikes

8.6 Others

 

9. Global Off-road Motorcycle Market Segmentation, by Application

9.1 Defense

9.2 Recreational

 

10. Global Off-road Motorcycle Market Segmentation, by Distribution Channel

10.1 OEM

10.2 Aftermarket

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 KTM AG,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Suzuki Motor Corp

12.3 Husqvarna Motorcycles GmbH

12.4 TRS Motorcycles

12.5 Chritini Technologies

12.6 Kawasaki Heavy Industries Ltd.

12.7 Ural Motorcycles

12.8 BMW Group

12.9 ROKON International Inc.

12.10 Benelli QJSrl

12.11 Ducati Motor Holding Spa

12.12 Alta Motors

12.13 Honda Motor Co. Ltd.

12.14 Piaggio & C Spa

12.15 Triumph Motorcycles Ltd.

12.16 Yamaha Motor Co. Ltd.

12.17 ROKON

12.18 Torrot

12.19 Betamotor

12.20 Sherco

12.21 Kuberg (Czech Republic)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

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