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Off-road Motorcycle Market Size & Share, By Type (Motocross, Enduro, Trail, Track-racing Motorcycles), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 5959

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Off-road Motorcycle Market was over USD 15.76 Billion in 2023 and is expected to exceed USD 27.31 Billion by end of the year 2032, observing around 6.3% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 15.76 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

6.3%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 27.31 Billion

19-23 x.x %
24-32 x.x %
Off-road Motorcycle Market

Historical Data Period

2019-2023

Off-road Motorcycle Market

Largest Region

Europe

Off-road Motorcycle Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

The increasing popularity of adventure sports and recreational activities is A major contributor to the growth for the off-road motorcycle market. As more enthusiasts seek thrilling outdoor experiences, the demand for off-road motorcycles continues to rise.

Furthermore, an influence on the development of the market is the growing interest in off-road racing events and competitions. This trend has created a lucrative opportunity for manufacturers to develop high-performance off-road motorcycles that cater to the specific needs of professional riders and racing enthusiasts.

The expanding global tourism industry, particularly in regions with diverse terrain and challenging landscapes, is also contributing to the growth of the off-road motorcycle market. Tourists and adventure seekers are increasingly opting for off-road motorcycle tours and experiences, driving demand for off-road motorcycles.

Report Scope

Report CoverageDetails
Segments CoveredType
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledHarley-Davidson, Yamaha Motor, Ducati Motor Holding S.p.A., Honda Motor, Kawasaki Heavy Industries,., BMW AG, Suzuki Motor Corp., Hero MotoCorp., Bajaj Auto., TVS Motor Company

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Industry Restraints:

A primary constraint for the off-road motorcycle market is the strict government regulations and environmental concerns related to off-road riding. In many regions, off-road motorcycles are banned or restricted from certain areas to protect natural habitats and wildlife.

The high cost of off-road motorcycles and associated gear is Moreover, a hindrance to the market. The initial investment required to purchase an off-road motorcycle, along with additional expenses for protective gear, maintenance, and accessories, can be a deterrent for potential buyers, particularly casual riders.

Regional Forecast:

Off-road Motorcycle Market

Largest Region

Europe

60% Market Share in 2023

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North America:

The off-road motorcycle market in North America is dominated by the United States, with Canada also playing a significant role in the industry. The U.S. is known for its large off-road riding community, with a wide variety of terrains available for enthusiasts to explore. California, in particular, is a hotspot for off-road motorcycle activities, with numerous off-road parks, trails, and events throughout the state. Canada also has a strong off-road motorcycle scene, with popular riding areas in provinces such as British Columbia, Alberta, and Quebec.

Asia Pacific:

In Asia Pacific, China, Japan, and South Korea are the key players in the off-road motorcycle market. China, with its large population and growing middle class, has seen a surge in off-road motorcycle sales in recent years. In Japan, off-road motorcycle riding is a popular hobby, with a long history of motorcycle manufacturers producing high-quality off-road bikes. South Korea, while not as well-known for its off-road motorcycle scene, has been seeing a growing interest in the sport in recent years.

Europe:

In Europe, the United Kingdom, Germany, and France are the main markets for off-road motorcycles. The UK has a strong off-road riding community, with a variety of off-road parks, trails, and events available throughout the country. Germany is known for its high-quality motorcycle manufacturing industry, with several well-known brands producing off-road motorcycles. France, with its diverse terrain and landscapes, is a popular destination for off-road motorcycle enthusiasts looking to explore the great outdoors.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Off-road Motorcycle Market
Off-road Motorcycle Market

Segmentation Analysis:

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In terms of segmentation, the global Off-road Motorcycle market is analyzed on the basis of Type.

Off-road Motorcycle Market

Motocross Motorcycles: Motocross motorcycles are designed specifically for racing on closed off-road tracks with obstacles such as jumps and turns. These bikes are built for high performance and agility, with features such as a high ground clearance, long suspension travel, and powerful engines. The motocross segment of the off-road motorcycle market caters to professional racers as well as recreational riders who enjoy the thrill of off-road racing.

Enduro Motorcycles: Enduro motorcycles are built for long-distance off-road racing competitions that test both the rider's endurance and the bike's durability. These bikes are equipped with features such as larger fuel tanks, robust suspension systems, and protective components like skid plates and hand guards. The enduro segment of the market appeals to riders who enjoy tackling challenging terrain over extended periods of time.

Trail Motorcycles: Trail motorcycles are designed for recreational riding on off-road trails and paths. These bikes are typically more versatile and user-friendly than motocross and enduro motorcycles, with features such as a comfortable riding position, lower seat height, and manageable power delivery. The trail segment of the off-road motorcycle market caters to a wide range of riders, from beginners looking to explore off-road riding to experienced enthusiasts seeking a more casual riding experience.

Track-racing Motorcycles: Track-racing motorcycles are specialized bikes designed for racing on flat tracks or oval courses. These bikes are built for high-speed performance, with features such as aerodynamic bodywork, powerful engines, and slim profiles for optimal maneuverability. The track-racing segment of the off-road motorcycle market attracts competitive racers looking to test their skills in a controlled racing environment.

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Competitive Landscape:

The competitive landscape in the Off-road Motorcycle Market is characterized by a diverse array of manufacturers that cater to various segments, including motocross, enduro, and trail riding. Major players are continuously innovating and enhancing their offerings to meet consumer demands for performance, durability, and safety features. The market is also influenced by emerging trends such as electric off-road motorcycles, which are gaining traction among environmentally conscious riders. Key factors driving competition include brand reputation, technological advancements, pricing strategies, and a strong focus on customer service and support. As a result, companies are establishing strategic partnerships and expanding their distribution networks to capture a larger share of this growing market.

Top Market Players

- Honda Motor Co., Ltd.

- Yamaha Motor Co., Ltd.

- Kawasaki Heavy Industries, Ltd.

- KTM AG

- Suzuki Motor Corporation

- Beta Utensili S.p.A.

- Husqvarna Motorcycles

- Polaris Industries Inc.

- SSR Motorsports

- Sherco Motorcycles

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Off-road Motorcycle Market Size & Share, By Type (...

RD Code : 24