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Pit Bike Market Share

Report ID: GMI6151
Published Date: Jul 2024
Report Format: PDF

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Pit Bike Market Share

Honda and Kawasaki together accounted for 17% of the market share in 2023. Honda's pit bike range spans from beginner-friendly models to advanced offerings, highlighting its commitment to serve a broad customer base. The brand's strategy emphasizes frequent model updates and an expanding lineup, tailored to diverse customer preferences.

Kawasaki collaborates with professional racing teams and athletes to enhance and promote its pit bikes. These partnerships provide valuable feedback and boost the brand’s credibility in the competitive market. The company maintains a network of dealers and service centers to ensure widespread availability and support for its pit bikes. Kawasaki focuses on building strong relationships with dealers to improve customer service and satisfaction.

Pit Bike Market Companies

Major players operating in the loaders industry are:

Honda
Kawasaki
Yamaha
Suzuki
KTM
Pitster Pro

Authors: Preeti Wadhwani, Anish Pathak

Frequently Asked Questions (FAQ) :

The pit bike market was valued at USD 2.1 billion in 2023 and is estimated to record a CAGR of over 7.3% between 2023 and 2032, owing to the rising popularity of off-road racing events and competitions.

The sports segment held a market share of 39% in 2023, owing to the affordability of pit bikes that attracts families, young riders, and hobbyists who are hesitant to invest in more expensive models.

North American pit bike industry help over 61% revenue share in 2023 as the region has witnessed a proliferation of off-road parks, trails, and recreational areas, which has significantly eased riders access to suitable pit biking locations.

Yamaha Motor Co., Ltd., Honda Motor Co., Ltd., Kawasaki, SSR Motorsports, Apollo, Thumpstar, Pitster Pro, Piranha, Coolster, Tao Motor, BBR Motorsports, and Stomp.