PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627833
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627833
The off-road motorcycle market is projected to grow at a CAGR of 5.27% over the forecast period, increasing from US$18.540 billion in 2025 to US$23.908 billion by 2030.
An off-road motorcycle is a type of motorcycle that offers the capability of driving across harsh terrain. These motorcycles are designed to be ridden across sand, gravel, grass, gravel, or dirt. They are also called all-terrain motorcycles. These types of bikes are generally more durable than the common commuter motorcycle and offer reduced comfort and safety.
The growing market demand for kid's vehicles globally is also estimated to boost the global market for off-road motorcycles. The Toy Association, in its USA sales data, stated that in 2023, the total toy vehicles sold in the nation amounted to US$1.8 billion, whereas the total sales of art & crafts and youth electronics were recorded at US$1.2 billion and US$0.4 billion respectively.
Off-road motorcycle market geographical outlook
The Asia Pacific region is likely to experience the highest compound annual growth rate (CAGR) during the forecast period in the off-road motorcycle market. This growth is due to rising disposable incomes, growing interest in adventure and recreational activities, and increasing preference for motorsport events in countries such as India, China, and Australia. Moreover, the growing number of off-road trails and governmental policies encouraging adventure tourism activities strengthen the market. This region has a high percentage of youth, and increasing after-sales service activities help it grow quickly in this area.
In developing nations such as India, the rising trend of urbanization and the growing automotive sector provide lucrative prospects for off-road motorcycles in the coming years. For instance, as per the SIAM (Society for Indian Automobile Manufacturers), automobile exports for the two-wheelers segment stood at 34,58,416 in 2023 from 32,82,786 in 2020. This highlights the favorable opportunity for manufacturers to come up with innovative models of off-road motorcycles.
Further, key developments by market players to advance the off-road motorcycle will provide additional impetus for market growth. For instance, in 2023, Hero MotoCorp introduced plans to invest around US$180.81 million in developing premium bike models as per the India brand equity foundation.
Additionally, as per Invest India, the country is one of the world's largest manufacturers, with over 21 million products produced annually. The Automobile industry accounts for nearly a 7.1% share of India's GDP and a 4.7% share in exports. In the 2021-2022 period, the two-wheeler share accounted for nearly 79% of the total auto exports. Government efforts in promoting the production and adoption of two-wheeler products will positively impact the off-road motorcycle market in the forecast period. For instance, the government of Tamil Nadu developed an innovative scheme to promote the adoption of two-wheelers among women.
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