Off-Road Motorcycle Market: Current Analysis and Forecast (2022-2028)

Global Off-road Motorcycle Market is expected to grow at a significant rate of around 5% during the forecast period. Off-road motorbikes, often known as dirt bikes, are built specifically for off-road racing on terrain that isn't typically rough. Moreover, off-road motorcycles are more lightweight and flexible than on-road motorcycles. They typically have lengthy suspension travel, and high ground clearance, and are geared higher to provide more torque in off-road conditions. The industry is expanding because to the increasing number of sponsorships from major brands to racing events and athletes. The industry is also driven by an increase in off-road motorbike launches and the popularity of all-electric off-road motorcycles. In addition, the key players are working towards the advancement of new technology and launching new generation motorcycles. For instance, in June 2021, Torrot Electric Europa S.A announced the launch of a new generation of motorcycles in the Motocross, Enduro, and supermotard models.

Rokon International Inc.; TORROT ELECTRIC EUROPA S.A; Husqvarna Motorcycles; Alta Motors; BETAMOTOR Spa ; Hero MotoCorp Ltd; Bajaj Auto Ltd.; Royal Enfield; Sherco; and TRS Motorcycles. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, enduro bikes category to witness robust CAGR during the forecast period"

Based on type, the market is segmented into dirt bikes, adventure bikes, trial bikes, enduro bikes, kids motorbikes and others. The enduro bikes category is to witness a higher CAGR during the forecast period. The off-road enduro bikes market is growing significantly due to the growing trend of adventure sports across geographies. Furthermore, government authorities around the world have increased budgetary allocations to build new off-road trails that may be useful for recreational enthusiasts and boost adventure sports activities as nations focus on increasing tourist arrivals.

"Amongst application type, the recreational to hold a significant share in the market in 2020"

Based on the drive type, the off-road Motorcycle market has been classified into recreational and defense. Among these, the recreational to hold a significant share of the market during the forecast period off-road motorcycle adoption is expected to be greater in the recreational category during the projection period. The rise in popularity of off-road racing events in people's lives because of sports. Additionally, consumers have a low-cost option in the shape of off-road motorcycles if they wish to ride their motorcycles for off-road recreation on country roads and other locations requiring low construction standards.

"Amongst engine capacity, the 500cc to 1000cc to hold a significant share in the market in 2020"

Based on the drive type, the off-road Motorcycle market has been classified into 500CC to 1000cc and above 1000cc. Among these, the 500cc to 1000cc to hold a significant share of the market during the forecast period. Adventure riders and motorcyclists favor motorcycles with 500CC to 1,000CC engine capacities over those with larger displacements because they are lightweight and manageable when riding on rugged terrain. Additionally, for off-road and long-distance travel, these motorcycles can transport two persons, food, camping gear, and camping accommodation with ease.

"North America to hold a significant share in the market"

In 2020, North America held a significant share of the global ATV market. This is mainly attributed to the increasing recreational expenditure and the rising number of off-roading events driving the region's off-road market. Moreover, the growing preference of the youth toward adventure and off-road events and the availability of a wide range of products across varied prices are the factors that drive the growth of the industry. In addition, ATVs are very useful in activities, such as hunting, nature exploration, hiking, and other outdoor exploration. Thus, growing participation in outdoor recreational activities has been a major driving factor in the market. For instance, fishing, hunting, trapping, and sport-shooting activities directly contributed $5 billion in economic activity to the Canadian economy in 2018. Moreover, it is expected that the market will continue to grow at a steady rate during the forecast period owing to the high-income levels of the consumers in the region coupled with rising awareness about the importance of spending time in outdoor recreational activities for a balanced and healthy life.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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