Daten aus dem Cache geladen. Off-Road Motorcycle Market Trends Analysis Business ideas and...

Off-Road Motorcycle Market Trends Analysis Business ideas and Strategies forecast 2032

0
1Кб

Global Off-Road Motorcycle Market Overview:

The off-road motorcycle market share is garnering substantial traction across the globe. The market growth attributes to the rising action sports and motorcycling events. Besides, the availability of a broad range of motorcycles drives the growth of the market. Product standardization enhanced research & innovation, and increased lab & field tests are significant trends ensuring market growth.

Off-road motorcycles hold enormous potential for the sports vehicle industry.  The market is to witness increasing motorcycle production, which would expand the customer base looking for quality and profitability. In its recent market research, Market Research Future (MRFR) asserts that the global off-road motorcycle market share is projected to reach an exponential valuation by 2030, growing at a phenomenal CAGR during the assessment period (2023 – 2030).

Major Players: 

·        ROKON (U.S.)

·        Torrot (Spain)

·        Husqvarna Motorcycles GmbH (Sweden)

·        Alta Motors (California)

·        Betamotor (Italy)

·        Sherco (Spain)

·        TRS Motorcycles (U.S.)

·        Kuberg (Czech Republic)

Off-road motorcycle Industry/ Innovations/ Related News 

May 18, 2021 ---- Triumph Motorcycles India launched the off-road motorcycles Scrambler 1200 and Street Scrambler 900 in India. These special edition motorcycles feature the latest generation of ride-by-wire technology, offering six riding modes, including road, rain, sport, off-road, off-road pro (only on the XE variant), and a rider configurable mode.

Global Off-road motorcycle market share– Segmentations

The off-road motorcycle market share is segmented into types, applications, and regions.  The type segment is sub-segmented into dirt bikes, adventure bikes, trial bikes, enduro bikes, kids motorbikes and others. The application segment is sub-segmented into recreational and defense. Of these, the recreational segment holds the largest market share.

For recreational purposes, off-road motorcycles offer a low-cost option for consumers who wish to operate their motorcycles on country roads and areas that require minimum construction standards. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the rest-of-the-world.

Off-road motorcycle market share– Regional Analysis

The Asia Pacific region dominates the global off-road motorcycle market. The market growth is driven by the recent shift in the preference from mileage to vehicle looks and features, resulting in the high demand for an off-road motorcycle. With major manufacturers investing in the motorcycle industry, alongside the growing awareness among individuals regarding off-road motorcycle events, push the market demand in this region.

North America accounts for the second-largest market in the global off-road motorcycle market. The market is fostered by the rising sales of motorcycles and technological advancements. Additionally, the rising demand for lightweight fuel-saving commercial vehicles gives much-needed thrust to the automotive, off-road motorcycle market. The rising availability of innovative technologies and automotive production, alongside the burgeoning automotive industry in the region, boosts the market's growth.

Europe holds the third-largest share in the global off-road motorcycle market. Factors such as the well-established automotive industry and innovations in the region drive market growth. Also, substantial R&D investments by industry players to drive the product and technology developments fuel the off-road motorcycle market share sales. The European off-road motorcycle market share is expected to grow with the highest CAGR over the forecast period.

Global Off-road motorcycle market share– Competitive Analysis

Highly competitive, the off-road motorcycle market share appears fragmented due to the presence of several well-established players. Industry players incorporate strategic approaches, such as mergers & acquisitions, innovation, brand reinforcement, and expansion, to gain a larger competitive share. Manufacturers strive to offer an extended range of high-performance motorcycles. Due to the expected innovations and improvements in product, service, and product innovations, the market will soon witness an intensified competition. 

Read more:

Agricultural Tractors Market Trends Analysis

Low-Speed Vehicle (LSV) Market Trends Analysis

Поиск
Категории
Больше
Другое
Functional Coffee Market: Emerging Trends and 2024 Insights with Key Players
The Global Functional Coffee Market Report provides a basic overview of the industry...
От Sneha Valivade 2024-03-22 10:46:06 0 1KB
Другое
Complete guide on QuickBooks error 6069
Users of the QuickBooks desktop program frequently encounter several error warnings and codes,...
От Kim Watson 2023-05-10 21:24:26 0 3KB
Другое
Kotlin vs Java: A Comparison of Features, Performance, and Usability
Kotlin and Java are two of the most popular programming languages for Android development. Both...
От Jhon Stark 2023-06-30 14:13:48 0 2KB
Другое
Blood Bags Market Size, Share, Trends, Opportunities, Key Drivers and Growth Prospectus
"Blood Bags Market Report encourages accomplishing the success by making to focus on the...
От Kirti Narayankar 2024-08-13 09:00:04 0 404
Другое
High Performance Data Analytics Industry Size, Share Trends, Growth, Demand, Opportunities and Forecast By 2029
For an effectual business growth, companies must adopt market research report service which has...
От Vibhuti Sharma 2023-07-06 07:17:19 0 2KB