PUBLISHER: Market Research Future | PRODUCT CODE: 1637049
PUBLISHER: Market Research Future | PRODUCT CODE: 1637049
Global Off-Road Motorcycle Market Research Report By Type (Trail Dirt Bike, Dual Sport Bike, Enduro Bike, Motocross Dirt Bike, Adventure Bike, Trails Bike, and Others), by Propulsion (ICE Motorcycle, Electric Motorcycle), by Stroke (2-stroke, and 4-stroke), by Engine Displacement (Up to 125 cc, 126-250 cc, 251-500 cc, 501 cc and Above), by Application (Racing Drivers/Professionals, Motorcycle Enthusiast/Amateur), By End Use (Adults, and Kids & Youth) By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) Forecast to 2032
In 2023, the off-road motorcycle market was estimated to be worth USD 8,172.80 million. With a compound annual growth rate (CAGR) of 4.6% from 2024 to 2032, the off-road motorcycle market is expected to increase from USD 8,751.2 million in 2024 to USD 12,510.2 million by 2032. The off-road motorcycle market is expanding rapidly due to a number of important factors. The market has advanced because to the growing popularity of adventure and off-road activities. The market is growing as a result of the expansion of infrastructure for off-road racing competitions and trails.
Perspectives on Market Segments
Trail Dirt Bike, Dual Sport Bike, Enduro Bike, Motocross Dirt Bike, Adventure Bike, Trails Bike, and Others are the several types of off-road motorcycles that make up the market.
The market for off-road motorcycles has been divided into two segments based on propulsion: ICE motorcycles and electric motorcycles.
The off-road motorcycle market has been divided into two-stroke and four-stroke segments based on stroke.
The market for off-road motorcycles has been divided into four segments based on engine displacement: up to 125 cc, 126-250 cc, 251-500 cc, 501 cc, and above.
The off-road motorcycle market has been divided into two segments based on application: racing drivers/professionals and motorcycle enthusiasts/amateurs.
The off-road motorcycle market has been divided into two segments based on end use: adults and kids and youth.
Regional Perspectives
North America, Europe, Asia-Pacific, the Middle East and Africa, and South and Central America are the regions for which the study offers market information. While Europe is anticipated to grow at the fastest CAGR over the projected period, Asia Pacific held the greatest market share in 2023.
Off-road motorcycles are currently growing quickly in the Asia-Pacific region, which includes China, India, and Australia. Growing disposable money per capita and a growing desire for outdoor activities are the primary motivators. Off-road riding is more popular in Australia, a more developed market, whereas motorsport and leisure biking are becoming more popular in emerging economies like China and India. Young riders in poorer nations are increasingly choosing the less expensive off-road motorcycles. Additionally, there is push for adventure and dual sport motorcycles due to the region's growing interest in adventure tourism. Due to its enormous population and growing middle class, the Asia-Pacific area is expected to experience significant growth.
Off-road motorcycles are widely consumed in the European market, which includes the UK, Germany, and Italy, among other countries. The nation's strong motorsports culture and motocross and enduro competitions create a high demand for these bikes. Off-road motorcycle riding is popular in Europe among both professional riders and motorcycling sportsmen and women. The push for green mobility and environmental rules and regulations are also contributing to the region's growing interest in electric motorcycles. Adventure tourism is another factor driving up demand, particularly for long-distance touring bikes that can be ridden on roads and terrain.
Honda Motor Co., Ltd., KTM, Kawasaki Heavy Industries Ltd., Yamaha Corporation, Husqvarna Group, Suzuki Motor Corporation, Ducati, Sherco, GasGas Motorcycles, Betamotor S.p.A., Triumph Motorcycle Ltd., and Stark Future are important players in the off-road motorcycle market.