The global off-road motorcycle market is anticipated to augment at a robust CAGR of 5.9% over the forecast period from 2022 to 2032. The global market was valued at around US$ 14.3 Billion in 2021 and the market is likely to reach a valuation of nearly US$ 27 Billion by the end of 2032. 

Off-road motorcycles are closely associated with adventure sports such as motocross, enduro, and trail riding. The growing popularity of adventure sports among enthusiasts worldwide has led to an increased demand for off-road motorcycles. The thrill and excitement associated with these activities attract a diverse demographic, further expanding the market.

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The proliferation of off-road riding events, competitions, and races across the globe has contributed to the rising demand for specialized off-road motorcycles. These events not only serve as platforms for showcasing skills but also create a community of passionate riders, fostering a culture that encourages the purchase of high-performance off-road motorcycles.

Continuous advancements in off-road motorcycle technology, including improvements in engine performance, suspension systems, and lightweight materials, have enhanced the overall riding experience. Consumers are increasingly inclined towards motorcycles equipped with state-of-the-art features, pushing them to upgrade their existing models or invest in newer, more advanced off-road bikes.

Key Takeaways

  • Off-road motorcycles provide higher ground clearance and torque of choice to those traveling across non-traditionally paved roads, whether for professional events or for leisure tours across adventure trails or rough terrain, or even water bodies.
  • Over recent years, there has been a significant increase in off-road motorcycling owing to media popularity, with competitions, travel shows, and documentaries contributing to a boost in demand. Furthermore, the sporting community of professional drivers, who are willing to invest far more in equipment and vehicles, has widened as a result.
  • The surging attitude amongst both consumers and governments has been of significant concern for pollution and the environment. Various countries and institutions are offering attractive subsidies and advantages provided by electric vehicles.
  • The growing popularity of electric vehicles combined with these subsidies has led to a significant amount of replacement purchases made by existing consumers choosing to switch over to electric vehicles.
  • Surging developments in the use of Artificial Intelligence and sensor technology enhance growth in the market. Furthermore, technological enhancements in new models are allowing a surge in demand. The use of sensors is increasing, with the aim being to enhance fuel economy, keep track of the physical components of the system and alert when servicing may be due or required ahead of time.

Competitive Landscape

Off-Road Motorcycles manufacturers are massively aiming at creating new design concepts, harnessing new technologies, developing lower-cost models to attract wider audiences, and creating more environmentally efficient versions of their products.

 

 

Info Source: https://www.futuremarketinsights.com/reports/off-road-motorcycles-market