The off-road Motorcycle Market was valued at US$ 8.8 Bn. in 2021 and the total revenue is expected to grow at 6.5% of CAGR from 2022 to 2029, reaching nearly US$ 14.56 Bn.
Market Overview
Most comprehensive off-road Motorcycle Market segmentation report published by an intelligence marketing and business consulting firm indicates the lucrative is expected in the off-road Motorcycle market through the forecast period 2022-2029. The report gives brief description of off-road Motorcycle market segments on global off-road Motorcycle market and industry basis to its readers and is also profitable for the key players and new entrants of the market.
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Market Scope
The report consists of the in-depth analysis of the market trends with help the of the micro and macro variables in detail. The research includes the pinpoints of the market sizing and forecasts quipped with current environmental and other ongoing developments that would affect the off-road Motorcycle market. For the competitive analysis the major factors of the off-road Motorcycle market are analysed thoroughly to help clients gain an edge over their competitors. The analysis is conducted based on their position in the market and revenue generated, profit margins, marketing strategies and technological advancements and product differentiation. The customizable reports help manufacturers in making study of competitors and the new entrants and their strategies and tactics for market. The combination of primary and secondary data is used for qualitative and quantitative analysis of the off-road Motorcycle market. Thus the report acts as a tool for a clear understanding of the off-road Motorcycle market and its utilization.
off-road Motorcycle Market Segmentation
The Off-Road Motorbike Market is divided into four types based on type: Motocross, Enduro, Trail, and Track Racing motorcycles. In 2021, track racing bikes accounted for the biggest market share. Superbike racing, a form of motorcycle road racing, uses modified production motorbikes similar to touring cars. Four-stroke engines with displacements of between 750 and 1000 cc for four-cylinder models and between 800 and 1200 cc for twin-cylinder versions are required for motorcycles used in superbike racing. Motorbikes must maintain their profile, much like their counterparts that travel on public roads.The general appearance of the machine, as seen from the front, back, and sides, must still match that of the bike that has been homologated for use on public roads, despite alterations to the machine's technical components. increasing need for affordable private mobility worldwide, the popularity of electric two-wheelers, the growth of the motorcycle. One type of motorcycling competition is motorcycle racing (also spelled moto racing and motorbike racing). Motorcycle road racing, off-road competition on either closed or open courses, and track competition all represent considerable variations. Hill climbs, drag racing, and contests for land speed records are additional categories.Each race, which consists of a specific number of laps, is won by the rider who arrives at the finish line first. Riders are given points based on where they finished each race. Each year, the rider with the highest points wins the off-road motorbike market championship. Both MotoGP and the FIM Superbike World Championship (WSBK) are top-tier motorcycle competitions with sizable fan bases that keep fans interested all year long with thrilling, high-speed racing.
The Off-Road Motorbike Market is divided into three categories based on application: Less than 500cc, 500cc to 1000cc, and More than 1000cc. During the course of the forecast year, Less Than 500cc is anticipated to rule the market. A motorcycle's engine size is important since it has a direct impact on how much power it can produce. A motorcycle's engine capacity is expressed in cubic capacity. Often referred to as "cc," a vehicle's cubic capacity ranges from 50cc to 1500cc. Also, it is believed that a two-power wheeler's increases with the size of the chamber.Similar to how a four-wheeler vehicle's engine capacity is estimated in litres, so is a bike's capacity. Hence, a two-wheeler with a 250cc engine actually has a 0.25 litre capacity. Nonetheless, a two-engine wheeler's capacity is crucial in determining other engine outputs including power output, torque, and mileage. The volume or amount of space inside the tank that is available for burning the air-fuel mixture is the engine capacity. More mixing may take place in a cylinder that is larger. Bigger bikes frequently have larger fuel tanks, allowing them to produce more power and hold more fuel. The higher the engine capacity, the more petrol you will use.Smaller engines are frequently more effective and get more miles per litre of gas. In conclusion, bike engines with displacements up to 100cc get the optimum mileage. Engines with capacities between 110 and 150 cc offer good mileage rates, while those between 150 and 200 cc have intermediate rates. The off-road motorcycle market will be driven by engines with capacities between 200 and 500 cc having lower mileage while engines with capacities over 500 cc have the lowest mileage.
off-road Motorcycle Key Players
• Bayerische Motoren Werke AG (Germany)
• Triumph Motorcycles Ltd (UK)
• Sherco (France)
• GasGas (Spain)
• Rieju (Spain)
• TM RACING SPA (Italy)
• Aprilia (Italy)
• Benelli (Italy)
• Ducati Motor Holding S.p.A. (Italy)
• Beta Motorcycles (Italy)
• KTM AG (Austria)
• Husqvarna Motorcycles (Sweden)
• Kuberg s.r.o. (Czechia)
• Ural Motorcycles (Russia)
• Kawasaki Heavy Industries Ltd. (Japan)
• Yamaha Motor Co., Ltd. (Japan)
• Suzuki Motor Corporation (Japan)
• Honda Motor Co., Ltd. (Japan)
• Bajaj Group (India)
• Royal Enfield (India)
• Hero MotoCorp Limited (India)
• TVS Motor Company (India)
• Harley-Davidson, Inc (US)
• SSR Motorsports (US)
• Chritini Technologies (US)
• Rokon (US)
Regional Analysis
The off-road Motorcycle market was held by the Asia Pacific region in 2021 and is expected to grow at a significant rate over the forecast period. Regional growth is being led by the increasing populations in growing economies. The government initiatives also affect the in growth of the market regionally, it gives the manufacturers a lucrative opportunities to their production. With the help of the off-road Motorcycle market report the new entrants of the market can understand the regional market and apply their new strategies for the industry.
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