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Global Dirt Bike Market Size was valued at USD 9.8 billion in 2022. The Dirt Bike market price Range is projected to grow from USD 10.6 Billion in 2023 to USD 18.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.40% during the forecast period (2023 - 2032). An increase in disposable income, the emergence of motocross events, and the use of electric dirt bikes are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The demand has been significantly impacted by dirt bike racing and other athletic events. Because of the increasing number of prominent brands sponsoring racing events and athletes, the sector is growing. The popularity of all-electric dirt bikes and an increase in the number of dirt bike launches are further factors driving the business. The COVID-19 pandemic had a positive impact on the global economy. Technological advances like the electric dirt bike will create new market development opportunities. Due to increased worries about CO2 emissions, the industry will expand as electric dirt motorcycles gain popularity. The primary purpose of off-road motorbikes, often known as dirt bikes, is off-road racing on typically unpaved terrain. Unpaved surfaces are considered rough surfaces. Off-road motorcycles are lighter and more adaptable than on-road motorcycles. They frequently have extensive suspension travel, high ground clearance, and higher gear ratios in order to produce more torque in off-road conditions.
Motocross motorcycles, enduro motorcycles, trail motorcycles, and track racing motorcycles are a few examples of the several kinds of off-road bikes made specifically for off-road use. Motocross motorcycles are designed for fast, aggressive riding on a track with artificial jumps. High-performance bikes known as enduro motorcycles were built specifically for off-road endurance racing championships held on private property. Two-wheeled machines known as trail motorcycles can be used for both on- and off-road travel.
Track-racers, or bikes designed for high-speed oval racing, frequently lack rear brakes and suspension. The COVID-19 pandemic has had a positive effect on the off-road motorbike market. According to the Motorcycle Industry Council (MIC), off-road bike sales increased dramatically throughout the pandemic and did so in May, surpassing their level from the previous year. Additionally, it is predicted that the market will grow steadily over the course of the forecast period. The growth of motocross contests, a rise in consumer spending, and the introduction of electric dirt bikes are all factors in the market's development. Additionally, the key players in the dirt bike industry have access to new markets because to the increased emphasis on greater performance & comfort among automakers and technology developments in dirt bikes.Thus, driving the Dirt Bike market revenue.
The global Dirt Bike market segmentation, based on Type, includes Motocross Motorcycle, Enduro Motorcycle, Trail Motorcycle, and Track-racing Motorcycle.Enduro Motorcyclesegment dominated the global market in 2022.According to the Federal Chamber of Automotive Industries (FCAI), sales of enduro motorcycles peaked in 2020. Enduro motorcycles are high-performance vehicles designed particularly for off-road endurance racing championships. Numerous AMA-approved enduros occur every year all around the world.
The global Dirt Bike market segmentation, based on Propulsion Type, includes ICE and Electric.The electric segment dominated the global Dirt Bike market in 2022. The rising popularity of electric dirt bikes around the world explains this.
The global Dirt Bike market segmentation, based on Application, includes Commercial, Personal, Industrial, and Others.Personal segment dominated the global Dirt Bike market in 2022. Off-road personal bikes are subject to a variety of regulations, such as those governing general design, exhaust noise levels, general safety, and others. The personal category is anticipated to hold a sizeable market share during the anticipated period due to the growing popularity it has among customers.
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The global Dirt Bike market segmentation, based on Price Range, includes Low to Mid and High. Highsegment dominated the global market in 2022. The expansion of the high price range category is assumed to be caused by middle-class consumers' increasing disposable income.
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study.The North America Dirt Bike Market dominated this market in 2022 (45.80%). In 2022, the United States was the major country that contributed the most to market revenue. Canada also made a big contribution to the local market. All of these countries are expected to keep their market share due to their large populations and rising consumer spending on dirt bikes. Further, In the North American area, the U.S. Dirt Bike market had the biggest market share, while the Canada Dirt Bike market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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In 2022, the European dirt bike market held a sizable market share. According to research from the European Association of motorbike Manufacturers (ACEM), Germany, Italy, and France are expected to be Europe's largest off-road motorbike markets in 2020. Utilizing cutting-edge technology and having a highly developed industrial cluster in the neighborhood can be quite advantageous for businesses. Further, In the European region, the German Dirt Bike market had the biggest market share, and the U.K. Dirt Bike market had the quickest rate of growth.
The Asia Pacific Dirt Bike market is expected to register significant growth from 2023 to 2032. This is a result of the region's pro-recreational policies and increased public spending on infrastructure. The region's growing demand for aftermarket parts and components can be attributed to the rise in consumer buying power and the strong preference for power dirt bikes. The popularity of electric dirt bikes is a result of the majority of people having advanced technological skills and consumers' desire to drive fuel-efficient and ecologically friendly vehicles. Moreover, In the Asia-Pacific region, the Indian Dirt Bike market had the quickest rate of growth while China's Dirt Bike market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Dirt Bike market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Dirt Bikesector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Dirt Bike industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Dirt Bike sector.Major players in the Dirt Bike market, including SSR Motorsports, Betamotor S.p.A., Sherco, Honda Motor Co., Ltd., Cobra MOTO, Zero Motorcycles, Inc., Yamaha Corporation, Piaggio& C. SpA, Husqvarna Motorcycles, BMW AG, Benelli, KTM AG, Bultaco Bikes, POLINI MOTORI, Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation, and Scorpa, are attempting to increase market demand by investing in research and development operations.
Kawasaki Heavy Industries Ltd. (Kawasaki), a technological company, provides a wide range of items in different industries. The company manufactures and sells rolling stock, hydraulic components, motorcycles, motorcycle engines, jet engines, general-purpose gas turbine generators, hydraulic systems, submarines, LNG/LPG carriers, and bulk ships. Moreover, Kawasaki provides plant engineering services for a range of industrial facilities, such as chemical plants, boiler facilities, environmental protection facilities, such as municipal waste treatment plants, cement plants, tunneling equipment, and steel structures, such as LNG tanks. The company has offices and production facilities all around the world, and it conducts business in Asia, Europe, North America, and other continents. Kawasaki is located in Tokyo, the capital of Japan. In September 2021, Kawasaki Heavy Industries, Ltd. released the KX250 and KX450 dirt bikes in India.
Yamaha Motor Co. Ltd. is a car manufacturer. The company manufactures and markets parts for a variety of products, including bikes, boats, robotics, and financial services. Its product line includes unmanned industrial helicopters, motorcycles, all-terrain vehicles, snowmobiles, recreational vehicles, outboard motors, personal watercraft, boats, and industrial robots. Yamaha Motor provides financial services in addition to producing and distributing a wide range of other products, such as racing kart engines, golf cars, car engines, generators, electric wheelchairs, parts and accessories, water purification systems, and snowblowers. The company works with the automobile, water sports, consumer, commercial, and other industries to provide services. Global networks enable it to operate in the development, production, and sales sectors. Shizuoka, Iwata, Japan is home to Yamaha Motor's corporate headquarters. In December 2019, Yamaha debuted the WR 155R, a new 150cc off-road motorbike, in Indonesia.
· SSR Motorsports
· Betamotor S.p.A.
· Sherco
· Honda Motor Co., Ltd.
· Cobra MOTO
· Zero Motorcycles, Inc.
· Yamaha Corporation
· Piaggio& C. SpA
· Husqvarna Motorcycles
· BMW AG
· Benelli
· KTM AG
· Bultaco Bikes
· POLINI MOTORI
· Kawasaki Heavy Industries, Ltd.
· Suzuki Motor Corporation
· Scorpa
September 2022: The EXGB Electric Off-Road Bike Race competition was held inside at the Wheeldon Off-Road Facility in Devon (UK).
· Motocross Motorcycle
· Enduro Motorcycle
· Trail Motorcycle
· Track-racing Motorcycle
· ICE
· Electric
· Commercial
· Personal
· Industrial
· Others
· Low to Mid
· High
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
Report Scope
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 9.8 Billion |
|
Market Size 2023 |
USD 10.6 Billion |
|
Market Size 2032 |
USD 18.2 Billion |
|
Compound Annual Growth Rate (CAGR) |
7.40% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type,Propulsion Type, Application, Price Range, and Region |
|
Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
SSR Motorsports, Betamotor S.p.A., Sherco, Honda Motor Co., Ltd., Cobra MOTO, Zero Motorcycles, Inc., Yamaha Corporation, Piaggio& C. SpA, Husqvarna Motorcycles, BMW AG, Benelli, KTM AG, Bultaco Bikes, POLINI MOTORI, Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation, and Scorpa |
|
Key Market Opportunities |
The rising trend of motorcycle riding |
|
Key Market Dynamics |
Rise in popularity & evolution of motocross events, rise in disposable income, and adoption of electric dirt bikes |
The global Dirt Bike Market was valued at USD 9.8 billion in 2022, and it is estimated to reach USD 18.2 billion by 2032.
The global market is projected to grow at a CAGR of 7.40% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are SSR Motorsports, Betamotor S.p.A., Sherco, Honda Motor Co., Ltd., Cobra MOTO, Zero Motorcycles, Inc., Yamaha Corporation, Piaggio& C. SpA, Husqvarna Motorcycles, BMW AG, Benelli, KTM AG, Bultaco Bikes, POLINI MOTORI, Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation, and Scorpa
The Enduro MotorcycleTypedominated the market in 2022.
The Electric Propulsion Typehad the largest share in the global market.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65242
Published on :
Sep 2023
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