Skip to main content

Off-Road Motorcycles Market Prospects and Growth Assessment 2032

 The Global Off-Road Motorcycle Market was valued at US$ 14.3 Bn in 2021 and is expected to reach US$ 27 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. A new market research report by Future Market Insights on the Off-Road Motorcycle market includes global industry analysis for 2017–2021 and an opportunity assessment for 2022–2032. As per the findings of the report, motocross motorcycles will remain pivotal for the market as the bulk of revenue will be generated through this category.

Motocross remains the leading category owing to the increasing popularity of Motocross events

Motocross as a sport has been growing in popularity, with a resultant increase in demand for motocross motorcycles. Innovations in both motorcycles and events as a whole have boosted their popularity. This category witnessed a CAGR of 6.1% in 2017-2022 and has a forecasted CAGR of 5.6% in the forecast period of 2022-2032.

Off-Roading Apps encouraging the use of Off-Road motorbikes through Safety, community and trail-planning features

A multitude of apps and Websites catering to Off-Road Bikers have emerged over the past two decades. Features such as trail planning, Community Interaction options, and safety alerts have led to a change in the perception of Off-Road Motorcycling, making consumers feel more secure in planning both group and solo trips.

Technological improvements and preferential policies for electric vehicles are driving demand.

Preferential policies such as purchase tax exemptions for electric vehicles as well as the reduction in prices of Lithium-Ion batteries, a key component for Off-Road Motorcycles, are positively affecting market demand.

Defence Sector to boost demand for electric Off-Road Motorcycles

Stealth operations require vehicles that can move through difficult terrain, remain hard to track by having little to no detectable smell or emissions and can wait in complete silence. Off-Road Motorcycles, particularly those of the electric variety are proving to be a popular solution.

North America to Command the Larger Proportion of demand for Off-Road Motorcycles throughout the Analysis Period

With abundant suitable terrain and well established biking communities and infrastructure, North America as a whole leads the demand with the 2021 market share being 41.4% and the predicted market size of US$ 11.1 Bn in 2032.

“Off-Road motorcycle providers are closely working on developments in electric forms of Off-road motorcycles in order to harness the growing demand and preferential legislature.” comments an analyst at Future Market Insights.

Off-Road Motorcycle Market: Competition Insights

Off-Road Motorcycles manufacturers are largely aiming at creating new design concepts, harnessing new technologies, developing lower-cost models to attract wider audiences, and creating more environmentally efficient versions of their products. The key companies operating in the Off-Road Motorcycles market include Harley-Davidson Incorporation, Yamaha Motor Co., Ltd., Ducati Motor Holding S.p.A., Honda Motor Co., Ltd., and Kawasaki Heavy Industries, Ltd.

Some of the recent developments by key providers of Off-Road Motorcycles are as follows:

  • In May 2022, Chongqing Qiulong Technology Co., Ltd, launched SUR-RON, an electric off-road motorcycle in China.
  • In December 2021, Harley-Davidson’s electrical motorcycle brand LiveWire was separated and made public through a merger with the acquisition corp AEA-Bridges Impact Corp.
  • In December 2021, India Kawasaki Motors launched M Y22L KLX450R, a purpose-built off-road motorcycle with a 4 stroke engine and higher amount of low-end torque.
  • In October 2021, Volcon, who manufactures off-road electric motorcycles had an IPO, listing on the Nasdaq with “VLCN” as their symbol.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Off-Road Motorcycle Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Off-Road Motorcycle in terms of Type (Motocross Motorcycles, Enduro Motorcycles, Trail Motorcycles, Track-racing Motorcycles), and Sales Channel (Retail Sales, Institutional Sales) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

For More Info@ https://www.futuremarketinsights.com/reports/off-road-motorcycles-market

About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geographi
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov
Post a Comment
Read more