Global The off-road Motorcycle Market was valued at US$ 8.8 Bn. in 2021 and the total revenue is expected to grow at 6.5% of CAGR from 2022 to 2029, reaching nearly US$ 14.56 Bn.
off-road Motorcycle Market Overview:
The market report for off-road Motorcycle includes information on market share and company profiles for the leading international competitors along with a thorough analysis of the competition. The scope of the study includes a complete examination of the off-road Motorcycle Market as well as the factors influencing regional variations in the growth of the industry.
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Market Scope:
After market engineering, which included market statistics calculations, market size estimations, market predictions, market breakdown, and data triangulation, was complete, extensive primary research was carried out to gather data and confirm important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the general market segments and sub-segments detailed in this study. In order to provide vital information during the study, all data collected during the market engineering process is submitted to comprehensive qualitative and quantitative analysis.
off-road Motorcycle Market Segment:
Motocross bikes, Enduro motorcycles, Trail motorcycles, and Track Racing motorcycles are the several categories of off-road motorcycles. In 2021, track racing bikes accounted for the biggest market share. Superbike racing, a form of motorcycle road racing, uses modified production motorbikes similar to touring cars. Four-stroke engines with displacements of between 750 and 1000 cc for four-cylinder models and between 800 and 1200 cc for twin-cylinder versions are required for motorcycles used in superbike racing. Motorbikes must maintain their profile, much like their counterparts that travel on public roads. The general appearance of the machine, as seen from the front, back, and sides, must still match that of the bike that has been homologated for use on public roads, despite alterations to the machine's technical components.
off-road Motorcycle Market Key players:
• Aprilia (Italy)
• Benelli (Italy)
• Ducati Motor Holding S.p.A. (Italy)
• Beta Motorcycles (Italy)
• KTM AG (Austria)
• Husqvarna Motorcycles (Sweden)
• Kuberg s.r.o. (Czechia)
• Ural Motorcycles (Russia)
• Kawasaki Heavy Industries Ltd. (Japan)
• Yamaha Motor Co., Ltd. (Japan)
• Suzuki Motor Corporation (Japan)
• Honda Motor Co., Ltd. (Japan)
• Bajaj Group (India)
• Royal Enfield (India)
• Hero MotoCorp Limited (India)
• TVS Motor Company (India)
• Harley-Davidson, Inc (US)
• SSR Motorsports (US)
• Chritini Technologies (US)
• Rokon (US)
To identify the market's leaders and project market revenue, primary and secondary research are both used. CEOs, marketing executives, and seasoned front-line employees were just a few of the notable thought leaders and subject matter experts that participated in the in-depth interviews for the main study. As a part of the primary study, extensive interviews with important thought leaders and business experts—including CEOs, marketing executives, and seasoned front-line staff—were conducted.
The secondary study included a review of the annual and financial reports of the major manufacturers. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then put up against the original data in comparison. The off-road Motorcycle market is dominated by the following businesses:
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Regional Analysis:
The regional market research report for off-road Motorcycle also includes information on the specific market driving forces and changes in market legislation that have an impact on current and future market trends. Current and forthcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to lay a stronger foundation. The evaluation of the regional market is built on the basis of the current environment and expected trends.
COVID-19 Impact Analysis on off-road Motorcycle Market:
A stop in activities between January 2020 and May 2020 resulted in a fall in the growth of end-user industries utilising off-road Motorcycle. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. The market for off-road Motorcycle manufacturers as well as the profits of companies operating in these sectors consequently experienced a sharp decline. This affected the market's growth in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business demand for off-road Motorcycle has been severely decreased.
Key Questions Answered in the off-road Motorcycle Market Report are:
- Which market segment has the highest percentage of off-road Motorcycle in 2021?
- To what extent is there competition in the market?
- What are the primary factors influencing the growth of the off-road Motorcycle market?
- What portion of the market does region off-road Motorcycle control?
- What is the expected market CAGR from 2022 to 2029?
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