Off-Road Motorcycle Market 2018 Key Country Analysis: Global Key Players ROKON, Torrot, Husqvarna Motorcycles, Alta Motors, Betamotor, Sherco, TRS Motorcycles, Kuberg, Honda, Chritini, KTM, Kawasaki and Suzuki Motors Forecast To 2023

Off-Road Motorcycle Share, Growth, Trends, and Key Country Analysis Research Report 2018: Global Forecast to 2023, Global Off-Road Motorcycle will register highest growth through 2023. Report provides in-depth analysis of Automotive Control Panel Industry by Type (Dirt Bikes, Adventure Bikes, Trial Bikes, Enduro Bikes, Kids Motorbikes and Others), By Application (Recreational And Defense) And By Region.

Top Automotive Control Panel Key Companies Competitive Landscape:

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).

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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Off-Road Motorcycle is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.

Market Overview:

Off-road refers to driving surfaces that are not conventionally paved. These are rough surfaces and unpaved terrain. There are various types of off-road motorcycles that are specially designed for off-road events. They are manufactured mostly for competitions, racing course, and adventure. The global off-road motorcycle market has observed tremendous growth and its demand in the future is projected to grow with the CAGR of 7% from 2018 to 2023 (forecast period), as reported extensively by Market Research Future (MRFR). 

One primary driver propelling the growth of this market is innovation in suspension control systems. The advanced suspension ability of off-road motorcycles is a key factor driving the growth of the market. Technological evolution in this field has had a favorable impact on the market, and active efforts and investments by manufacturers to enhance the performance of suspension systems during the forecast period. In many countries across the globe, off-road motorcycles have gained a cult among the urban population. The increasing environmental awareness amongst the people has also propelled the demand for zero emission electric and solar powered Off-Road Motorcycles.

Despite the driving factors, the growth of the market is expected to be subverted by adverse impact on wildlife as well as the alteration of soil structure. Growing campaigns and research studies related to off-road motorcycles lead to an adverse environmental impact. This does not prove to be a threat to the industry at present, but in the long run with the introduction of regulations, this can act as a major impediment. In addition, one of the biggest issues associated with off-roading is a rollover. Practically all off-roading motorcycles can roll over driving on an unstable, off-road terrain that increases that chance.

Segmentation:

The off-road motorcycle market is segmented by type, which are dirt bikes, trial bikes, enduro bikes, kid’s motorbikes, adventure bikes, and others. Amongst this, the trial bikes segment is projected to lead the market. These are used for off-road and recreational riding which test the balancing skills rather than focus on the speed. A trial bike is not used in competitions. They have dual-purpose tires with equipment such as mirrors, indicators, and others.

Major applications include recreational and defense. For defense purposes, off-road motorcycles were used during the world wars primarily for communication, transportation, and reconnaissance purposes. The demand for these off-road motorcycles experienced a steep decline post the world wars, mainly due to the general demand not able to compete with the enormous demand for off-road motorcycles.  Manufacturers are enjoying a continuous increase in demand for off-road motorcycles lately and are actively investing in research and development to come up with motorcycles tailor-made for defense applications. The main advantage these bikes offer is mobility and travel in tight and difficult terrain, especially in areas like mountains, riverbanks, fallen trees and many more. Even usability and portability are some of the factors that provide an edge to these bikes in the competitive market.

Regional Analysis:

Geographically, the global Off-Road Motorcycle Market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is expected to grow with the highest CAGR over the forecast period. The recent shift in the preference from mileage to vehicle looks and features is also expected to result in the high demand for an Off-road motorcycle. The market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. With major manufacturers investing in the booming automotive industry the Asia-Pacific region, the off-road motorcycle market is projected to witness rapid growth during the forecast period. Growing awareness among individuals regarding offroad motorcycle events is expected to push the demand in this region. The market has been experiencing rapid growth owing to the rising sales of motorcycles, the shift of global players focusing on this region and technological advancements are giving much-needed thrust to the automotive off-road motorcycle market.

List of Tables:

TABLE 1 GLOBAL OFF-ROAD MOTORCYCLE: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA OFF-ROAD MOTORCYCLE: BY COUNTRY, 2017-2023

TABLE 3 EUROPE OFF-ROAD MOTORCYCLE: BY COUNTRY, 2017-2023

TABLE 4 ASIA-PACIFIC OFF-ROAD MOTORCYCLE: BY COUNTRY, 2017-2023

TABLE 5 ROW OFF-ROAD MOTORCYCLE: BY COUNTRY, 2017-2023

Continued…

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

Continued…

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

This release was published on openPR.