The off-road motorcycle are the non-road licensed motorcycle used for recreational and different off-road motorcycling events. These types of motor bikes are heavily used in competitions, racing course, and adventure. Development of the off-road motorcycle training centers and increase in recreational events of motor bikes is supporting the market growth.
MARKET SCOPE
The "Global Off-road motorcycle Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the off-road motorcycle market with detailed market segmentation by type, engine capacity, and geography. The report provides key statistics on the market status of the leading off-road motorcycle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global off-road motorcycle market market is segmented into enduro, motocross, and dual purpose.
- On the basis of engine capacity, the market is segmented into upto to 125 cc, 126-250 cc, 251-500 cc, and 500 cc, and above.
MARKET DYNAMICS
Drivers
- The off-road motorcycles are heavily used for adventure, racing, and other motorbike related recreational activities is driving the growth of off-road motorcycle market.
Restraints
- High cost of the product, absence of connected standards and uncomfortable seating structure may hinder the market growth..
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The off-road motorcycle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Off-road motorcycle market in these regions.
IMPACT OF COVID-19 ON OFF-ROAD MOTORCYCLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the off-road motorcycle market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Off-road motorcycle market market are anticipated to lucrative growth opportunities in the future with the rising demand for Off-road motorcycle market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Off-road motorcycle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BMW AG
- Ducati Motor Holding S.p.A.
- GASGAS MOTORCYCLES GMBH
- Husqvarna Motorcycles
- Honda Motor Company
- KTM AG
- Kawasaki Motors Corp.
- Sherco
- Suzuki Motorcycles
- Yamaha Motor Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.