Market Size of Off-Road Motorcycle Industry Set to Reach $16 Billion by 2031 | Growing at a CAGR of 6.5%

According to a new report published by Allied Market Research, titled, "Off-road Motorcycle Market," 𝐓𝐡𝐞 𝐨𝐟𝐟-𝐫𝐨𝐚𝐝 𝐦𝐨𝐭𝐨𝐫𝐜𝐲𝐜𝐥𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟖.𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟏𝟔.𝟎𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟔.𝟓% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A06426

In addition, the off-road motorcycle market has witnessed significant growth in recent years, owing to the increase in investments in automation, launches of new & technologically advanced products, increase in the consumer demand for high-speed, attractive design & digital dashboards, and government initiatives for vehicle production for mountain areas. Furthermore, the companies operating in the market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in June 2021, Torrot Electric Europa S.A. announced the launch of a new generation of motorcycles in the Motocross, Trial, Enduro, and Supermotard models. The motorcycles featured a simple and intuitive battery exchange system, without connectors or cables, which allowed the motorcycle to be ready to run again in less than 15 seconds.

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.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/off-road-motorcycle-market/purchase-options

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 outbreak severely impacted the motorcycle sector on a global level, which in turn led to a considerable drop in off-road motorcycle sales. Many small and big players in the motorcycle sector are witnessing issues such as a halt of production activities, mandated plant closures by the government, and others. However, various industry leaders in the motorcycle sector are making considerable efforts in restructuring their supply chain and production line for the delivery of critical medical supplies. Also, owing to the COVID-19 outbreak, the motorcycle industry has had a significant impact due to stay-at-home orders and limited business operations in countries across the world. For instance, in 2020, the pandemic is compelling motorcycle makers to skip major motor shows & racing events in the year 2020 and turn towards alternative platforms like digital premieres. It started with Honda organizing, its virtual motorcycle shows as the Tokyo Motorcycle Show, and Osaka Motorcycle Show was canceled because of COVID-19. However, many off-road motorcycle manufacturers such as KTM AG have assessed their overall strategy for the rest of 2020 and have decided to make several key decisions in the wake of COVID-19 with the withdrawal from global trade shows for the rest of the year, including INTERMOT in Cologne, Germany and the EICMA exhibition in Milan, Italy.

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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A06426

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.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Motorcycle Market :
https://www.alliedmarketresearch.com/motorcycle-market-A31857

Motorcycle Battery Market :
https://www.alliedmarketresearch.com/motorcycle-battery-market-A11374

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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