According to MRFR analysis, the global Off-Road Motorcycle market is expected to register a CAGR of ~4.9% from 2022 to 2030 and hold a value of over USD 223.1 billion by 2030.
Off-road motorcycles are motorcycles designed for use on rough terrains, such as dirt, gravel, mud, and rocks. They are built for durability and versatility, with features such as long suspension travel, knobby tires, and sturdy frames. The COVID-19 pandemic has had a mixed impact on the off-road motorcycle industry. The pandemic has led to an increase in outdoor recreation, as more people seek ways to enjoy the outdoors while avoiding crowded indoor spaces.
This has resulted in increased demand for off-road motorcycles, particularly in rural areas where off-road riding opportunities are more readily available. Overall, the impact of COVID-19 on the off-road motorcycle industry has been varied and complex, with different regions and segments of the market experiencing different levels of demand during the pandemic.
Key Players
· ROKON (U.S.)
· Torrot (Spain)
· Husqvarna Motorcycles GmbH (Sweden)
· Alta Motors (California)
· Betamotor (Italy)
· Sherco (Spain)
· TRS Motorcycles (U.S.)
· Kuberg (Czech Republic)
· Honda (Japan)
· Chritini Technologies (U.S.)
Regional Analysis
The Asia-Pacific region is one of the largest markets for off-road motorcycles and has been growing at a significant rate in recent years. The region is home to a large and growing middle class, as well as a thriving motorcycle culture, both of which have driven demand for off-road motorcycles. Additionally, the region's rapidly developing economies and improving infrastructure have made off-road riding more accessible and popular, further boosting demand for these vehicles.
Off-Road Motorcycle Market Global Demand:
The off-road motorcycle market has seen significant growth in recent years, driven by increasing consumer demand for recreational and adventure-style riding. The market is expected to continue growing in the coming years, as more people look to off-road motorcycles as a way to enjoy the outdoors and engage in thrilling experiences.
Factors contributing to the growth of the off-road motorcycle market include:
1. Increased popularity of off-road riding: Off-road riding has become increasingly popular in recent years, attracting a wide range of riders, from beginners to experienced riders.
2. Advancements in technology: Off-road motorcycle manufacturers have made significant advances in technology, improving the performance, safety, and durability of these vehicles.
3. Growing interest in adventure and recreational activities: The rise of adventure and recreational activities has led to a growing interest in off-road motorcycles, as these vehicles provide a unique way to explore the outdoors and engage in exciting experiences.
Overall, the off-road motorcycle market is expected to continue growing in the coming years, as consumer demand for these vehicles remains strong.
Market Segmentation
The Global Off-Road Motorcycle Market Size has been segmented into type and application.
Based on the type, the market has been segmented into needle Dirt Bikes, Adventure Bikes, Trial Bikes, Enduro Bikes, Kids' Motorbikes, and Others.
Based on the application, the market has been segmented into Recreational, Defence, And Others.
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