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The global off-road motorcycle market has the potential to grow by 124.95 thousand units during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and application (recreational and defense). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Benelli QJSrl, BMW AG, Ducati Motor Holding Spa, Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., KTM AG, Piaggio & C Spa, Suzuki Motor Corp., Triumph Motorcycles Ltd., and Yamaha Motor Co. Ltd.
The market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Market vendors are focusing on the launch of new models of off-road motorcycles to expand their product portfolio and strengthen their position in the off-road motorcycles market. Benelli QJSrl, BMW AG, and Ducati Motor Holding Spa are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the restrictions on the use of off-road motorcycles will challenge the growth of the market participants. To increase their off-road motorcycle market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this off-road motorcycle market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this off-road motorcycle market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading off-road motorcycle manufacturers, including:
North America was the largest market for off-road motorcycles in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising popularity of off-road racing, the organization of several off-road racing events, and the introduction of new models of off-road motorcycles are contributing to the off-road motorcycle market growth in this region.
Over 33% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for off-road motorcycles in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.
Off-road vehicles, such as off-road motorcycles, ATVs, and off-road bicycles, are used for various off-roading and adventure activities. Hence, the growing interest in off-roading and adventure activities and the increasing number of members of associations promoting off-road adventure activities will fuel the demand for off-road motorcycles for recreational purposes.
Market growth in this segment will be faster than the growth of the market in the defense segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the off-road motorcycle market size.
The improvements in the capabilities of off-road motorcycles will be a significant factor driving the growth of the off-road motorcycle market. Market vendors are increasingly focusing on the development of advanced powertrain, braking, transmission, and combustion technologies and improvement of engine designs and suspension systems. They have developed advanced suspension systems with adjustable compression dampening that can self-adjust with the speed of the motorcycle. The high ground clearance and skid plates of off-road motorcycles also help in protecting it from damage. Moreover, the tires of off-road motorcycles have reinforced carcasses and wide grooves which are optimized for use in various terrains, surfaces, and conditions. Such advances will improve the capabilities of off-road motorcycles, minimize the stress on motorcycles and riders, and make them suitable for use on paved roads.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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