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Adventure Motorcycle Wheels Market Size

  • Report ID: GMI11256
  • Published Date: Sep 2024
  • Report Format: PDF

Adventure Motorcycle Wheels Market Size

Adventure Motorcycle Wheels Market was valued at USD 1.7 billion and is estimated to register a CAGR of over 7.5% between 2024 and 2032. Technological advancements in wheel design and manufacturing are driving the market.

 

Manufacturers are increasingly utilizing lightweight materials such as carbon fiber and advanced alloys, which offer superior strength without compromising the wheel's weight. For instance, in May 2023, KTM India expanded its lineup by introducing the most feature-packed variant of the 390 Adventure in the Indian market. This latest model in the 390 Adventure series comes with an adjustable suspension setup and wire-spoked wheels. It is fitted with spoked wheels and black anodized aluminum rims, replacing the alloy wheels found on the more basic versions.

 

Innovations such as tubeless wheel designs and reinforced rims are improving durability and reducing maintenance costs for riders. These technological advancements are catering to the needs of serious adventure riders, enhancing riding comfort, stability, and overall vehicle performance, leading to increased adoption of premium wheels in the adventure motorcycle segment.

 

The growing trend of adventure tourism is significantly boosting the demand for adventure motorcycles, which in turn increases the demand for specialized wheels. Enthusiasts are increasingly drawn to rugged terrains and long-distance travel, requiring wheels that offer enhanced durability, strength, and performance. Wheels designed to withstand off-road conditions are gaining popularity due to their ability to handle rough landscapes, from rocky mountain trails to sandy deserts. As adventure tourism expands globally, manufacturers are focusing on developing high-performance wheels to meet the evolving needs of adventure motorcycle riders.

 

The high cost associated with advanced wheels is hindering market growth. Materials such as carbon fiber and high-grade alloys, while offering superior strength and performance, come at a premium price. This makes it challenging for average consumers to afford these high-end products, limiting market penetration to more affluent or serious adventure riders. As a result, the high cost acts as a barrier to mass adoption, hindering the market's overall growth, especially in price-sensitive regions and among casual riders who prioritize affordability over performance.

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for adventure motorcycle wheels was valued at USD 1.7 billion in 2023 and is estimated to register over 7.5% CAGR through 2032 owing to the technological advancements in wheel design.

The offline segment in the adventure motorcycle wheels market held 60% share in 2023 due to its direct consumer engagement.

Asia Pacific market held over 45% share in 2023 driven by the higher consumer spending on recreational activities.

Alpina Raggi, Buchanan’s Spoke & Rim, Inc., DID Motorcycle Chain and Rims, Excel Rims, Haan Wheels, Kineo Wheels, Marchesini Wheels, and SM Pro Rims, among others.

Adventure Motorcycle Wheels Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 24
  • Pages: 220
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