Global Off-road Motorcycles Market 2018-2022
About Off-road Motorcycles
Off-road motorcycles are basically the dirt bikes that are designed to handle the off-road surfaces; which are not paved properly. The off-road motorcycles are designed to handle surfaces which includes gravel roads, unpaved dirt roads, trails or rocky surfaces.
Technavio’s analysts forecast the global off-road motorcycles market to grow at a CAGR of 7.81% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global off-road motorcycles market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Off-road Motorcycles Market 2018-2022
Technavio recognizes the following companies as the key players in the global off-road motorcycles market: Honda Motor, Kawasaki Heavy Industries, KTM, Suzuki Motor, and Yamaha Motor.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of dual-sport motorcycles. The intensifying competition in the global motorcycle industry is leading to increased launches of new models across segments. Numerous sub-segments within the motorcycle industry have emerged over the past few years. Such segments are rapidly gaining popularity among riders as they boast of combined benefits of two categories of motorcycles.”
According to the report, one driver in the market is growing popularity of adventure sports. The global motorcycle industry is witnessing growing volume sales across nations. This is visible through the year-on-year growth rate of motorcycle volume sales of motorcycles across different segments, which has been largely helped by the increasing number of models. At present, the global motorcycle industry is dominated by commuting motorcycles.
Further, the report states that one challenge in the market is adverse effects on soil structure and wildlife owing to growing off-roading events. Off-road motorcycling events have been tremendously growing across the world. Though these events are highly popular and have a huge fan base; they have certain drawbacks pertaining to the global environment.
Kawasaki Heavy Industries