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Lucintel Forecasts The Global Off-road Motorcycle Market To Reach $4 Billion By 2030
According to a market report by Lucintel, the future of the global off-road motorcycle market looks promising with opportunities in the ICE (Internal combustion engine) and electric propulsion type. The global off-road motorcycle market is expected to reach an estimated $4 billion by 2030 from $3 billion in 2023 at a CAGR of 6% from 2023 to 2030. The major drivers for this market are increasing adoption of electric off-road bikes, growth in technology advancement of off-road motorcycle, and rising demand for motocross events.
Browse 80 figures/charts and 56 tables in this 173-page report to understand trends, opportunity and forecast in global off-road motorcycle market to 2030 by propulsion type (ICE (Internal Combustion Engine and electric), application (sport, and recreational and others), and region (North America, Europe, APAC, and the Rest of the World).
Lucintel forecasts that sport will remain the largest application and it is also expected to witness the highest growth over the forecast period due to growing introduction of diverse off-road activities, including trail riding, dune bashing, motocross, rock ...
... crawling, and off-road racing that have led to the growth.
ICE (Internal Combustion Engine) will remain the largest propulsion type over the forecast period due to affordability of ICE off-road motorcycle compared to their electric counterparts.
Download sample by clicking on off-road motorcycle market.
North America is expected to remain the largest region and also it is expected to witness the highest growth over the forecast period.
Honda Motor Company, Yamaha Motor Corporation, Bombardier Recreational Products, Kawasaki Motor Corporation, PIERER Mobility AG, Harley Davidson are the major suppliers in the off-road motorcycle market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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