Global Off-road Motorcycles Market 2020-2024 | 8% CAGR Projection Through 2024 | Technavio

The global off-road motorcycles market is expected to post a CAGR of more than 8% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global off-road motorcycles market 2020-2024. (Graphic: Business Wire)

Off-road motorcycle manufacturers are continuously improving their products in terms of engine design, suspension systems, braking, transmission, and combustion technologies. For instance, vendors have developed adjustable compression dampening suspension systems that automatically adapt to the speed of the motorcycle. Similarly, the off-road motorcycle tires now come with reinforced carcasses and wide grooves to provide traction in various terrains and conditions. Such advances are improving the capabilities of off-road motorcycles, which is crucial in driving the growth of the market.

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As per Technavio, the advances in suspension technologies will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Off-Road Motorcycle Market: Advances in Suspension Technologies

Vendors in the market are increasing their focus on the development of advanced suspension systems to improve the performance of off-road motorcycles under extreme levels of stress. For instance, several vendors are offering custom-built shock absorbers and springs that improve the off-roading capabilities of motorcycles. Some vendors are offering advanced fork springs, shock springs, and shock absorbers that improve the handling of the motorcycle. Such advances are expected to have a positive impact on the growth of the global off-road motorcycle market during the forecast period.

"Increase in the number of launches of off-road motorcycles and the rising popularity of all-electric off-road motorcycles will further boost market growth during the forecast period," says a senior analyst at Technavio.

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Global Off-Road Motorcycle Market: Segmentation Analysis

This market report segments the global off-road motorcycles market by geography (APAC, Europe, MEA, North America, and South America) and application (recreational and defense).

The North American region led the market in 2019, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the market. This is due to the growing popularity and the increasing number of off-road racing events in the region. Moreover, the introduction of new models of off-road motorcycles will also contribute to the growth of the off-road motorcycle market.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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