The global off-road motorcycle market includes various prominent players:
Some of them are as Husqvarna Motorcycles GmbH (Sweden), ROKON (U.S.), KTM (Austria), Sherco (Spain), Betamotor (Italy), Torrot (Spain), Kuberg (Czech Republic), TRS Motorcycles (U.S.), Honda (Japan), Kawasaki Motorcorp (U.S.), Alta Motors (California), Chritini Technologies (U.S.), and Suzuki Motors (Japan).
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Off-road are driving surfaces that are not paved in a conventional manner. There are various motorcycles that particularly designed for such surfaces, especially for off-road events. These are manufactured primarily for racing course, competitions, and adventure. In an exclusive report, Market Research Future states that the global off-road motorcycle market is expected to grow at a projected pace of 7% during the forecast period of 2018 to 2023.
One of the most essential and driving factors behind the growth of the market is innovation in suspension control systems. Technological advancements and evolution in the field holds a favorable impact upon the market. Alongside this, active efforts and investments by manufacturers to enhance the performance level of suspension systems also help drive the global market for off-road motorcycles.
Market Segmentation
The global off-road motorcycle market is segmented based on type and application.
By application, the market segments into defense and recreational. Among the two, the recreational segment is anticipated to hold the largest share of this market category during the forecast period. These off-road motorcycles, used for recreational purposes, tend to act as a low-cost option for consumers who want to operate their motorcycles upon country roads as well as other areas that require minimal construction standards. The recreational off-road motorcycles are narrowed down into various standards, this includes general construction, general safety requirements, exhaust noise requirements, and others. This segment is positioned to dominate the application market during the forecast period primarily due to the increasing popularity among individuals for the same.
By type, the market comprises trial bikes, dirt bikes, kid’s motorbikes, endure bikes, adventure bikes, and others. Herein, the trial bikes segment is anticipated to hold the leading position in the global market during the forecast period. Trial bikes are used both off-road and for recreational riding that aids in testing the balancing skills instead of focusing on speed. Trial bikes are not used for any sort of off-road motorcycle competitions. These bikes have multiple purpose tires with equipment like indicators, mirrors, and others.
Regional Analysis
The global off-road motorcycle market segmentation is divided into four prominent regions, namely North America, Asia Pacific, Europe, and the Rest of the World.
The Asia Pacific region holds the highest share in the global market and is expected to grow with the fastest CAGR during the forecast period. The most recent shift in preference from mileage to the looks and features of the vehicle is expected to also cause the demand for the market to grow in this region. Additionally, with various key manufacturers investing in the booming automotive industry in the Asia Pacific region, the market for off-road motorcycles is only slated to increase in the near future. The increasing population level, burgeoning expansion of the manufacturing industry, and the rapid-scale industrialization are some of the other key regions that are expected to drive the region during the forecast period. Increasing awareness among individuals concerning such motorcycle-based events is projected to accelerate the demand of the region in the forthcoming years. Also, it is important to note that the Asia Pacific market is witness fast-paced growth due to the rising sales volume of motorcycles, advancements in technology, and a rising number of players laying their focus on this region. The upward growth trajectory of the Asia Pacific is projected to continue in the long run and is positioned to stand out as the dominant leader of the global market.
Competitive Landscape
September 2018, Suzuki gave an announcement concerning the launch of its new range of motocross and off-road motorcycles. The range of bikes include DR-Z50, RMX-450Z, and RM-Z250.
The report for Global Off-road Motorcycle Market of Market Research Future comprises 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.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
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 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
TABLE 1 OFF-ROAD MOTORCYCLE INDUSTRY 3600 SYNOPSIS, 2012 – 2023
TABLE 2 GLOBAL OFF-ROAD MOTORCYCLE MARKET ESTIMATES AND FORECAST, 2012 – 2023, (TONS) (USD MILLION)
TABLE 3 GLOBAL OFF-ROAD MOTORCYCLE MARKET VOLUME BY REGION, 2012 – 2023, (TONS)
TABLE 4 GLOBAL OFF-ROAD MOTORCYCLE MARKET REVENUE BY REGION, 2012 – 2023, (USD MILLION)
TABLE 5 GLOBAL OFF-ROAD MOTORCYCLE MARKET VOLUME BY PRODUCT, 2012– 2023, (TONS)
TABLE 6 GLOBAL OFF-ROAD MOTORCYCLE MARKET REVENUE BY PRODUCT, 2012– 2023, (USD MILLION)
Continued…
LIST OF FIGURES:
FIG. 1 OFF-ROAD MOTORCYCLE INDUSTRY SEGMENTATION
FIG. 2 GLOBAL OFF-ROAD MOTORCYCLE MARKET VOLUME & REVENUE, (TONS) (USD MILLION), 2012 – 2023
FIG. 3 OFF-ROAD MOTORCYCLE ECOSYSTEM ANALYSIS
FIG. 4 OFF-ROAD MOTORCYCLE INDUSTRY IMPACT FORCES
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