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Off-Road Motorcycle Market - Forecasts from 2025 to 2030

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    Report

  • 147 Pages
  • December 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5978064
The off-road motorcycle market is projected to grow at a CAGR of 5.27% over the forecast period, increasing from US$18.540 billion in 2025 to US$23.908 billion by 2030.

An off-road motorcycle is a type of motorcycle that offers the capability of driving across harsh terrain. These motorcycles are designed to be ridden across sand, gravel, grass, gravel, or dirt. They are also called all-terrain motorcycles. These types of bikes are generally more durable than the common commuter motorcycle and offer reduced comfort and safety.

The growing market demand for kid's vehicles globally is also estimated to boost the global market for off-road motorcycles. The Toy Association, in its USA sales data, stated that in 2023, the total toy vehicles sold in the nation amounted to US$1.8 billion, whereas the total sales of art & crafts and youth electronics were recorded at US$1.2 billion and US$0.4 billion respectively.

Off-road motorcycle market geographical outlook

The Asia-Pacific region is anticipated to propel with highest CAGR in the projected period.

The Asia-Pacific region is likely to experience the highest compound annual growth rate (CAGR) during the forecast period in the off-road motorcycle market. This growth is due to rising disposable incomes, growing interest in adventure and recreational activities, and increasing preference for motorsport events in countries such as India, China, and Australia. Moreover, the growing number of off-road trails and governmental policies encouraging adventure tourism activities strengthen the market. This region has a high percentage of youth, and increasing after-sales service activities help it grow quickly in this area.

In developing nations such as India, the rising trend of urbanization and the growing automotive sector provide lucrative prospects for off-road motorcycles in the coming years. For instance, as per the SIAM (Society for Indian Automobile Manufacturers), automobile exports for the two-wheelers segment stood at 3,458,416 in 2023 from 3,282,786 in 2020. This highlights the favorable opportunity for manufacturers to come up with innovative models of off-road motorcycles.

Further, key developments by market players to advance the off-road motorcycle will provide additional impetus for market growth. For instance, in 2023, Hero MotoCorp introduced plans to invest around US$180.81 million in developing premium bike models as per the India brand equity foundation.

Additionally, as per Invest India, the country is one of the world's largest manufacturers, with over 21 million products produced annually. The Automobile industry accounts for nearly a 7.1% share of India's GDP and a 4.7% share in exports. In the 2021-2022 period, the two-wheeler share accounted for nearly 79% of the total auto exports. Government efforts in promoting the production and adoption of two-wheeler products will positively impact the off-road motorcycle market in the forecast period. For instance, the government of Tamil Nadu developed an innovative scheme to promote the adoption of two-wheelers among women.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The off-road motorcycle market is analyzed into the following segments:

By Type

  • Dirt Bikes
  • Adventure Bikes
  • Trial Bikes
  • Enduro Bikes
  • Kids Motorcycle

By Application

  • Recreational
  • Defense

By Geography

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
2.3. Data Validation
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Supplier
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. OFF-ROAD MOTORCYCLE MARKET BY TYPE
5.1. Introduction
5.2. Dirt Bikes
5.3. Adventure Bikes
5.4. Trial Bikes
5.5. Enduro Bikes
5.6. Kids Motorcycle
6. OFF-ROAD MOTORCYCLE MARKET BY APPLICATION
6.1. Introduction
6.2. Recreational
6.3. Defense
7. OFF-ROAD MOTORCYCLE MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Type
7.2.2. By Application
7.2.3. By Country
7.2.3.1. USA
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. By Type
7.3.2. By Application
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. By Type
7.4.2. By Application
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Italy
7.4.3.5. Spain
7.4.3.6. Others
7.5. Middle East and Africa
7.5.1. By Type
7.5.2. By Application
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. By Type
7.6.2. By Application
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Taiwan
7.6.3.6. Indonesia
7.6.3.7. Thailand
7.6.3.8. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Suzuki Cycles
9.2. Yamaha Motorsports
9.3. Honda Motorcycles NZ
9.4. Appalachian Offroad Motorcycle Company
9.5. KTM (PIERER Mobility AG)
9.6. ARCH Motorcycle
9.7. BMW
9.8. Kawasaki Motors Corp.
9.9. Volcon ePowerSports
9.10. Royal Enfield Bikes
9.11. Hero Motocorp
9.12. Aprilia (Piaggio & C.SpA)

Companies Mentioned

  • Suzuki Cycles
  • Husqvarna Motorcycles
  • Yamaha Motorsports
  • Honda Motorcycles NZ
  • Appalachian Offroad Motorcycle Company
  • KTM
  • ARCH Motorcycle
  • RawHyde Adventures
  • Kawasaki Motors Corp.
  • Volcon ePowerSports

Methodology

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Table Information