What is Off-road Motorcycles Market Scope?
The global Off-road Motorcycles market is expected to witness high demand due to the rising inclination of the young generation towards offroading. Off-road motorcycles, which are also known as dirt bikes, adventure bikes and many more. These bikes are designed for road events. The term off-road means the roads are made rough and hard to drive, which are often created naturally by sand, mud, snow and many others. As compared to conventional vehicles off the road motorbikes are lighter and simpler.
Influencing Trend:
Continues Technological Advancements and Introduction to Dual Sport Vehicles
Market Growth Drivers:
Up surging Interest in Adventurous Sports and Increasing Number of Off the Road Motorcycling Training Institutes
Challenges:
Adverse Effects on Soil Structure and Wildlife
Restraints:
Higher Costs of OTR Motor Bikes and Stringent Government Regulations regarding Fuel Combustion
Opportunities:
Huge Fan Base across the Globe and Increasing International off Road Competition
The Off-road Motorcycles market study is being classified by Type (Dirt Bikes, Adventure Bikes, Trial Bikes, Enduro Bikes, Kids Motorbikes and Others), by Application and major geographies with country level break-up.
Very few off-road motorcycle manufacturers are holding half of the market share, which will show an oligopoly in the market. And the market will be concentrated to certain number of players.The Vendors having a strong hold in the market are Yamaha Motor Company, BMW, Honda Motor, KTM. Analysts at AMA predicts that Vendors from United States and European will contribute to the maximum growth of Global Off-road Motorcycles market throughout the predicted period.
Yamaha Motor Company (Japan), BMW (Germany), Honda Motor (Japan), Chritini Technologies (United States), KTM (Austria), Kawasaki Heavy Industries (United States), Suzuki motors (Japan), ROKON (United States), Torrot (Spain) and Husqvarna Motorcycles GmbH (Sweden) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Alta Motors (California), Betamotor (Italy), Sherco (Spain), TRS Motorcycles (United States), Kuberg (Czech Republic), Hero Motocorp (India) and Polaris Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Off-road Motorcycles market by Type, Application and Region.
On the basis of geography, the market of Off-road Motorcycles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In 2020, Polaris and Zero Motorcycles are teaming up to make electric off-road vehicles and snowmobiles. Polaris makes a variety of off-road vehicles, including the popular RZR lineup as well as garish three-wheelers like the Slingshot.
In 2021, KTM Plans To Launch GasGas Enduro Motorcycles In India. With is the new street-legal lineup, KTM’s subsidiary would be aiming to cater to India’s under served off-road motorcycle segment and In May 2019, Hero has launched XPulse 200, XPulse 200T, Xtreme 200S off-road motorcycle. This product was launched to provide 200cc vehicles in low price.
Hero MotoCorp will be launching the XPulse by the end of year 2018. According to the company, it will going to be the most affordable motorcycle that is designed to tackle the rough roads. The Xpulse is designed to be more powerful and capable than the Impulse, as it shares the same engine as the Xtreme 200R. Moreover, Just after BMW has Motorrad started accepting bookings of the G 310 twins in June, KTM announced that it will be launching the 390 Adventure in 2019, enthralling us enthusiasts throughout t
Key Target Audience
Motorcycle Manufacturers, Motorcycle Distributors and Traders, Other Automobile Manufacturers, Government Agencies, Motor Sports Associations, Research Agencies and Others
Off-road Motorcycles Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Off-road Motorcycles Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Off-road Motorcycles industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.