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Dirt Bike Market Size

Report ID: GMI6148
Published Date: Jul 2023
Report Format: PDF

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Dirt Bike Market Size

Dirt Bike Market size was valued at USD 4 billion in 2022 and is estimated to grow at 8% CAGR from 2023 to 2032. The rise in these bike racing events such as motocross will positively influence product demand over the coming years.

Dirt Bike Market

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Stringent emission & safety standards are creating opportunities for power sports manufacturers to develop efficient, reliable, and safe products. Participants in the off-road bike industry are continuously investing in R&D to develop efficient engines and standard safety features to augment product adoption. The trend of equipping dirt bikes with ABS improves vehicle safety, thereby significantly boosting customer confidence and increasing the product adoption. The demand for electric dirt bikes will expand by 2032 due to the shifting consumer preference toward zero-emission vehicles. Consumers prefer low-cost electric vehicles due to their low maintenance needs compared to ICE vehicles, which are also comparatively expensive.

Dirt Bike Market Report Attributes
Report Attribute	Details
Base Year:	2022
Dirt Bike Market Size in 2022:	USD 4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8%
2032 Value Projection:	USD 9.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	362
Segments covered:	Application, Propulsion Type
Growth Drivers:	Rising popularity of motocross events Increasing adoption of electric dirt bikes Technological advancements in dirt bikes Rising disposable incomes in countries across Asia Pacific
Pitfalls & Challenges:	High purchasing & maintenance costs

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The rise in outdoor recreational facilities, such as theme parks, wilderness areas, and trails, will positively impact the dirt bike market demand. The high consumer preference for outdoor recreational activities without being involved in large crowds will boost industry revenues. Governments around the world are imposing several regulations and conducting safety training programs to control the occurrence of injuries & fatalities in sporting activities, which will boost the product espousal during the forecast timeline.

COVID-19 Impact

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of dirt bike reached USD 4 billion in 2022 and is anticipated to register 8% CAGR during 2023 to 2032 owing to the growing popularity of adventure sports and recreational activities.

The gasoline segment is expected to register over 6% growth rate from 2023-2032 as these bikes feature sturdy frames, rugged tires and robust suspension systems, making them withstand the difficulties of off-road riding.

Asia Pacific dirt bike sector was valued at USD 1.5 billion in 2022 and will continue to showcase impressive growth trend attributed to favorable policies and increasing government expenditures on infrastructure for recreational activities.

Yamaha Motor Co., Ltd., Suzuki Motor Corporation, KTM AG, BMW, Honda Motor Co., Ltd., Cobra Moto, SSR Motorsports, Bultaco Bikes, Husqvarna Motorcycles, Piaggio & C. SpA, Scorpa, Kawasaki Heavy Industries, Ltd., TVS Motor Company, and Hero MotoCorp.