Industry Background:
Adventure Motorcycle is those motorcycle which rides reasonably well on paved roads and also on non-paved roads. This motorcycle needs to be a reasonably reliable, requiring limited maintenance and be easily serviceable. Adventure motorbike is heavier than non-adventure version to similar bike and has more suspension, beefier frames, crash bars, larger tank sizes. The market of adventure motorcycle is expected to grow owing to rising popularity of long distance touring and experimental travelling.This growth is primarily driven by Growing Popularity Of Long-Distance Touring
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Unit |
Value Unit | 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 |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BMW Group (Germany), Honda Motor Company (Japan), KTM (Austria), Yamaha Motor Company Limited (Japan), Aprilia (Italy), Benelli Q.J. (Italy), Ducati Motor Holding (Italy) and Suzuki Motor Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2023, KTM India introduced the 390 Adventure X variant of its adventure tourer, which is priced at ₹2.80 lahks. The X version is a more budget-friendly option for this ADV model, costing ₹58,000 less than the standard version. However, the major drawback of the X variant is that it lacks most of the electronic features found on the motorcycle.
In May 2020, German luxury motorcycle manufacturer BMW Motorrad launched the F 900 R roadster and F 900 XR sport tourer bikes in India, priced at Rs 9.9-11.5 lakh. Both bikes are being imported from the company's factory in Germany. Both bikes are powered by a water-cooled 4-stroke inline 2-cylinder 895cc engine with 4 valves per cylinder, 2 overhead camshafts, and dry sump lubrication. It produces 105 horsepower at 8,500 rpm and a maximum torque of 92 Nm at 6,500 rpm. The motorcycle can sprint from 0-100 km/h in just 3.6 seconds and achieve a top speed of over 200 km/h.Adventure Motorcycles is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Influencing Trend:
Rising use of active suspension systems
Market Growth Drivers:
Growing Popularity Of Long-Distance Touring, Increase craze of bike Racing and Rise in Number of Tournament held Worldwide
Challenges:
Increasing In Up Surging Weight Of The Wheel
Restraints:
High Penetration Of Commuter Motorcycles In Emerging Countries, High Cost Of Bike And Added Gears and Categorized Economic Classes And Age Factors
Opportunities:
Increasing Sales Of Two Wheeler Globally
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Adventure Motorcycles Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Adventure Motorcycles Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Adventure Motorcycles players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Adventure Motorcycles Study Sheds Light on
The Adventure Motorcycles Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Adventure Motorcycles industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Adventure Motorcycles industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.