Get More Information on Off-Road Motorcycle Market - Request Sample Report
The Off-Road Motorcycle Market Size was valued at USD 15.7 billion in 2023 and is expected to reach USD 28.14 billion by 2032, growing at a CAGR of 6.7% over the forecast period 2024-2032
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 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.
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
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.
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.
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.
The market is separated into two types of Distributional Channels: OEM, and Aftermarket. In 2023, 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.
By Type:
Dirt Bikes
Trial Bikes
Enduro Bikes
Adventure bikes
Kids Motorbikes
Others
By Application:
Defense
Recreational
By Distribution Channel:
OEM
Aftermarket
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.
Get Customized Report as per your Business Requirement - Request For Customized Report
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
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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 15.7 Billion |
| Market Size by 2032 | US$ 28.14 Billion |
| CAGR | CAGR of 6.7% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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. |
CAGR of Off-Road Motorcycle Market is 6.7% From 2024 to 2031.
Off-road Motorcycle Market Size was valued at USD 15.7 billion in 2023.
The major players are 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, and others in the final report.
The market is segmented into three types by Type, by Application, by Distribution Channel.
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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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 good and accurate research report and selecting the best methodology to compete 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 at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of 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 university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Engineering Services Market size was valued at USD 20.9 billion in 2023 and is expected to reach USD 36.0 Billion by 2032, with a growing CAGR of 6.23% from 2024-2032.
The Automotive Terminal Market size was valued at USD 22.86 billion in 2023 and is expected to reach USD 55.69 billion by 2032 and grow at a CAGR of 10.4% over the forecast period 2024-2032.
Truck Platooning Market Report Scope & Overview:
The Automotive Center Stack Market is expected to grow at a CAGR of 6.8% over the forecast period of 2023-2030.
The Connected Car Market size was valued at USD 10.80 billion in 2023 and will reach USD 32.87 billion by 2032, growing at a CAGR of 11.74% by of 2024-2032
The Intelligent Traffic Management System Market Size was valued at USD 11.25 billion in 2023 and is expected to reach USD 36.5 billion by 2032 and grow at a CAGR of 14% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
