Press release
Off-road Motorcycle Market Size, Outlook, Analysis Report, Regional Outlook With Forecast 2031
The concept of the off-road motorcycle is typically attributed to a non-road licensed motorcycle used for recreational and different off-road motorcycling events. Meanwhile, this motorcycle is lightweight, powerful, fast, and nimble and is equipped with rugged tires and suspension for riding cross country or over unpaved ground. Also, it offers enhanced durability and performance in rocky and mountainous terrains, grassy regions, and steep slopes. In addition, it has an attractive shape that attracts youth and helps to change their preference. Furthermore, off-road motorcycle manufacturers are also focusing on new inventions related to frame metals, riding styles, and shapes to make them more advanced. Thus, the continuous focus & improvement in off-road motorcycles owing to their demand propels the off-road motorcycle market.
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The leading players operating in the off-road motorcycle market are Benelli, Betamotor S.p.A., BMW AG, Bultaco, Christini AWD Motorcycles, Cobra, Honda Motor Co., Ltd., Husqvarna Motorcycles, Kawasaki Heavy Industries Ltd., KTM AG, Kuberg, Piaggio & C. SpA (Aprilla), Polini Motori , ROKON International Inc., Scorpa, Sherco, SSR Motorsports, Suzuki Motor Corporation, Torrot Electric Europa S.A., Triumph Motorcycles, TRS Motorcycles, Ural Motorcycles, Yamaha Motor Co., Ltd., and Zero Motorcycles, Inc.
The factors such as rise in popularity & evolution of motocross events, increase in disposable income, and technology advancement in off-road motorcycles supplement the growth of the off-road motorcycle market. However, high purchase and maintenance cost of off-road motorcycles and uncomfortable seating structure are the factors expected to hamper the growth of the market. In addition, rise in focus by manufacturers in the automobile industry on superior performance & comfort and adoption of electric off-road motorcycles create market opportunities for the key players operating in the off-road motorcycle market.
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KEY FINDINGS OF THE STUDY
By type, the track-racing motorcycle segment is projected to dominate the global off-road motorcycle market in terms of growth rate.
By application, the industrial segment is projected to dominate the global off-road motorcycle market in terms of growth rate.
By price range, the high segment is projected to dominate the global off-road motorcycle market in terms of growth rate.
By engine capacity, the less than 500 cc segment is projected to dominate the global off-road motorcycle market in terms of growth rate.
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Similar Research Report:
Dirt Bike Market: https://www.alliedmarketresearch.com/dirt-bike-market-A08912
Flying Bikes Market: https://www.alliedmarketresearch.com/flying-bikes-hoverbikes-market-A09095
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