Off-Road Motorcycle Market Analysis by Type (Dirt Bikes, Adventure Bikes, Trial Bikes, Enduro Bikes, Kids Motorbikes and Others), By Application (Recreational And Defense) And By Region From 2018 To 2023.
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The prominent players in the off-road motorcycle market include 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).
Global Off-Road Motorcycle Market Highlights:
The growth of the Off-Road Motorcycles is majorly driven by the emergence of off-road motorcycle training centres all across the globe. Many training centres have been set up such as Black Swan Moto Off-Road Training Program (California), BMW Performance Center Off-Road Motorcycle Training (South Carolina) among others. The growth in the development of off-road motorcycle training centres will enable growing purchasing power of the people. Since, training centres provide relevant skills and techniques, people will get more attracted towards buying the off-road bikes. This will increase the sales of bikes, which will impact the buying pattern of the customers.
Also, the rising demand from defence sector is expected to show growth opportunities over the forecast period. Technological development and the introduction of electric motorcycles and hybrid electric motorcycles have drastically changed the scope of the off-road motorcycle market, specifically in the defense application. There has been a considerable increase in defence budgets across the globe in major economies, which is expected to have a trickledown effect in the off-road motorcycle market. Apart from defence application, overall popularity and growing awareness regarding off-road motorcycling events and the dedicated core customer base of off-road motorcycle enthusiasts, are expected to majorly lead to the growth of the off-road motorcycle market during the forecast period.
By application, the market has been segmented as recreational and defence. Amongst these, recreational segment is expected to account for the largest market share in the Off-Road Motorcycles market. Off-road motorcycles for recreational purposes act as a low-cost option for consumers who wish to operate their motorcycles for off-road recreation on country roads and areas that require minimum construction standards. Recreational off-road motorcycles are subjected to various standards, which include general construction, exhaust noise requirements, general safety requirements and others. The recreational segment for off-road motorcycles accounts for a major market share during the forecast period mainly due to the growing popularity among individuals for the same.
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