Off-Road Motorcycle Market to Grow at a CAGR of 7% from 2017 to 2023, states MRFR in its new report

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Off-Road Motorcycle Market Research Report.

Market Synopsis

Off-road refers to driving surfaces that are not conventionally paved. These are rough surfaces and unpaved terrain. There are various types of off-road motorcycles that are specially designed for off-road events. They are manufactured mostly for competitions, racing course, and adventure. The global off-road motorcycle market has observed tremendous growth and its demand in the future is projected to grow with the CAGR of 7% from 2018 to 2023 (forecast period), as reported extensively by Market Research Future (MRFR).  

One primary driver propelling the growth of this market is innovation in suspension control systems. The advanced suspension ability of off-road motorcycles is a key factor driving the growth of the market. Technological evolution in this field has had a favorable impact on the market, and active efforts and investments by manufacturers to enhance the performance of suspension systems during the forecast period. In many countries across the globe, off-road motorcycles have gained a cult among the urban population. The increasing environmental awareness amongst the people has also propelled the demand for zero emission electric and solar powered Off-Road Motorcycles.

Despite the driving factors, the growth of the market is expected to be subverted by adverse impact on wildlife as well as the alteration of soil structure. Growing campaigns and research studies related to off-road motorcycles lead to an adverse environmental impact. This does not prove to be a threat to the industry at present, but in the long run with the introduction of regulations, this can act as a major impediment. In addition, one of the biggest issues associated with off-roading is a rollover. Practically all off-roading motorcycles can roll over driving on an unstable, off-road terrain that increases that chance.

Access Report @ https://www.marketresearchfuture.com/reports/off-road-motorcycle-market-5581

Market Segmentation

The off-road motorcycle market is segmented by type, which are dirt bikes, trial bikes, enduro bikes, kids motorbikes, adventure bikes, and others. Amongst this, the trial bikes segment is projected to lead the market. These are used for off-road and recreational riding which test the balancing skills rather than focus on the speed. A trial bike is not used in competitions. They have dual-purpose tires with equipment such as mirrors, indicators, and others.

Major applications include recreational and defense. For defense purposes, off-road motorcycles were used during the world wars primarily for communication, transportation, and reconnaissance purposes. The demand for these off-road motorcycles experienced a steep decline post the world wars, mainly due to the general demand not able to compete with the enormous demand for off-road motorcycles.  Manufacturers are enjoying a continuous increase in demand for off-road motorcycles lately and are actively investing in research and development to come up with motorcycles tailor-made for defense applications. The main advantage these bikes offer is mobility and travel in tight and difficult terrain, especially in areas like mountains, riverbanks, fallen trees and many more. Even usability and portability are some of the factors that provide an edge to these bikes in the competitive market.