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Off-road Motorcycles Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

  • Published: Jan 2020
  • Pages: 139
  • SKU: IRTNTR40644
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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.

What will the Off-road Motorcycle Market Size be in 2020?

off-road-motorcycles-market-size

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Who are the Major Off-road Motorcycle Vendors?

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:

  • 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.
  • Yamaha Motor Co. Ltd.

Which are the Key Markets for Off-road Motorcycle?

off-road-motorcycles-market-share-by-region

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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.

What are the Major Application Segments in the Off-road Motorcycle Market?

off-road-motorcycles-market-share-by-distribution-channel

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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.

How will Improvements in the Capabilities of Off-road Motorcycles Influence Market Growth?

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.

  • Suspension systems form an integral part of automobiles, especially off-road vehicles that must handle uneven terrains and rough surfaces.
  • Several market vendors are focusing on the development of advanced suspension technologies to improve the off-road capabilities of off-road motorcycles.
  • TFX Suspension Technology offers advanced custom-built shock absorbers and springs for off-road motorcycles that enable them to perform under extreme levels of stress.
  • K-Tech Suspension Ltd. offers advanced fork springs, shock springs, and shock absorbers for off-road motorcycles.
  • The use of such advanced suspension technologies, which is one of the critical off-road motorcycles market trends, will help market vendors in product differentiation and consequently fuel the growth of the market during the forecast period.
  • During 2020-2024, the off-road motorcycle market will grow at a CAGR of over 8%. 

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What are the Key Factors Covered in this Off-road Motorcycle Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will accelerate the growth of the off-road motorcycle market during the next five years
  • Precise estimation of the global off-road motorcycle market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the off-road motorcycle industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of off-road motorcycle vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Recreational - Market size and forecast 2019-2024
  • Defense - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing number of launches of off-road motorcycles
  • Popularity of all-electric off-road motorcycles
  • Advances in suspension technologies

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 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.
  • Yamaha Motor Co. Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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