Global Off-road Motorcycle Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Off-road Motorcycle also known as dirt bikes or scramblers is a type of bike designed and built with special tires and suspension for riding on rough and patchy surfaces such as sand, gravel, a river, mud, or snow. This type of motorcycle is mainly used for sports, trials, and racing events. The growing adoption of Off-road Motorcycles worldwide and the increasing number of off-road bike racing events as well as strategic initiatives from leading market players are key factors driving the market growth. For instance, according to Statista – as of 2022, revenue in the global Off-road motorcycles segment was valued at USD 6.47 billion, and as per projection, the revenue is expected to show compounded annual growth rate of 8.60% between 2022 & 2026, resulting in a projected market volume of USD 9 billion by 2026. Further, leading market players are coming up with new products to capitalize on the growing adoption of Off-road Motorcycles. For instance, in May 2022, KTM unveiled the new 2022 KTM 390 Adventure bike in the Indian market. This new Motorcycle from KTM features split seats, an LED lighting system, an adjustable windscreen and a standard 12V charging port. Also, technological advancements in the automobile industry and favourable government initiatives to promote the automobile industry would create lucrative growth opportunities for the market during the forecast period. However, the high cost associated with premium off-road motorcycles impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Off-road Motorcycle Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading in terms of market share owing to the presence of leading market players and the increasing number of off-road biking events in the region. Whereas the Asia Pacific is anticipated as the fastest growing region owing to the growing adoption of off-road motorcycles and increasing penetration of leading market players in the region would create lucrative growth prospects for the Off-road Motorcycle Market across the Asia Pacific region.
Major market players included in this report are:
Husqvarna Motorcycles GmbH
Kawasaki Heavy Industries Ltd.
Suzuki Motors Corporation
Ducati Motor Holding S.p.A.
Rokon International Inc.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution Channel
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Off-road Motorcycle Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers