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

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.

Market Overview

Market Competitive Analysis

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.

Off-road Motorcycles Market: Segmentation by Region

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 Motorcycles Market: Segmentation by Application

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.

Off-road Motorcycles Market: Key Drivers and Trends

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%. 

Off-road Motorcycles Market: Key Highlights of the Report for the Forecast Period 2020-2024

• 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