“Off-Road Motorcycle Market Analysis 2018 to 2023” Research Report added by the MarketResearchFuture, global Off-Road Motorcycle market is predicted to grow at 7% CAGR by 2023. Off-Road Motorcycle market report provides detailed insights on acting forces in market with drivers, opportunities, restraints and challenges industry facing. Report provides comprehensive information on Off-Road Motorcycle Market shares, size, competitive insights, key player’s analysis, with regional forecast to 2023.
Off-Road Motorcycle Market Highlights:
The market is driven by various factors such as rising number of off-road motorcycle training centres, funds generated from off-road charity events, rising demand for diesel powered & electric off-road motorcycles, and rising demand in defense sectors. There have been various off-road motorcycle training centres developed in order to provide training awareness about the skill required for driving the vehicle. Training centre such as MotoMark1 Motorcycle Training School (North Carolina), Black Swan Moto Off-Road Training Program (California), BMW Performance Center Off-Road Motorcycle Training (South Carolina), Advanced Rider Training Program (British Columbia), Enduropark Aras Rural Off-Road School (Valencia), Academy of Off-Road Riding (New South Wales, Victoria), Enduro Park Hechlingen Off-Road Training (Heidenheim), and among others have been developed to provide training to the riders.
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Key players in Off-Road Motorcycle market mentioned:
ROKON (U.S.), Torrot (Spain), Husqvarna Motorcycles GmbH (Sweden), Alta Motors (California), Betamotor (Italy), Sherco (Spain), TRS Motorcycles (U.S.), Kuberg (Czech Republic), Honda (Japan), Chritini Technologies (U.S.), KTM (Austria), Kawasaki Motorcorp (U.S.) and Suzuki motors (Japan).
Off-road motorcycle are any non-road licensed motorcycle that are used for recreational purpose or for riding off-the road. They can be driven on all-terrain roads including trail roads and among others. They are most prepared in racing course, competitions, and adventure. Various charity events are organized across the world in order to provide fund in the economy. Various fund generation that have benefited the society are:
According to The Motorcyclists Confederation of Canada (MCC), the annual charitable donation in 2014 was USD 13.2 million. In 2016, around 525 motorcycle had raised approximately USD 106,475 to fight breast cancer in Manitoba. In 2016, Ride for sick kids had raised more than USD 55,000 that was donated to hospital for sick children’s. This charity programs organized in a country have impacted the revenue generation of the economy. The benefits include funds that are spent on off-road bikes, safety equipment, food, accommodation, and among others. All the above bike races provides funding in the economy which will increase the demand for off-road motorcycle.
Government have also taken various initiative for riding off-road motorcycle.
According to Kalkomey (The Official Off-roading Handbook of the Iowa Department of Natural Resource) below are the specific restriction for riding the off-road motorcycle. Under 12 years of Age: The person who is below 12 years of age shall not operate off-road motorcycle, on a designated area of riding unless some of the below mentioned rules are followed: The person who is riding the off-road motorcycle must follow prescribed safety training under the instruction of the instructor. The person below 12 years must be under the direct supervision of the adult. Age between 12 to 17 years: The person between ages 12 to 17 years can ride the off-road motorcycle if they have valid ATV safety certificate. Person above 18 years age: The person above 18 years age can ride the off-road motorcycle without having a valid ATV safety certificate.
The strict government rules and regulation for ride an off-road motorcycle will directly impact the sales of the motorcycle in future. The restriction for the age group below 12 and between 12 to 17 years has the greater sales impact on the market. Also, above 18 years of age, some riders may not have proper guidance for riding the motorcycle which may result into accident. This will be restraining factor for the growth of the market.
Off-Road Motorcycle Market Segmentation:
- Segmentation by Type: Comprises Dirt Bikes, Adventure Bikes, Trial Bikes, Enduro Bikes, Kids Motorbikes and Others.
- Segmentation by Application: Comprises Recreational And Defense.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Off-Road Motorcycle Market Regional Analysis:
Asia Pacific have dominated the market during the forecast period due to the changing preference of customer from mileage to vehicle looks and features. The market is Asia Pacific is growing due to increase in population, rapid industrialization, and aggressive expansion of manufacturing sector.
Europe accounted for the second largest market due to various government initiative taken by the European government. There has been increase in demand of mobility by the customers. . Mobility will be the major factor contributing to the growth of the region during the forecast period. There has been increase in the training centre development in Europe due to which people will be aware about the skills requirements and get riding experience. This will led to growth of the market during the forecast period.
Major Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
The report for Global Off-Road Motorcycle Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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