Dirt Bike Market Size By Application (Utility, Sports, Recreation, Military), By Propulsion Type (Gasoline, Electric) & Global Forecast Report, 2023 – 2032

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.
 

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.

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

The COVID-19 pandemic had a moderate impact on the dirt bike industry. During the initial period, the market witnessed a decline due to stringent lockdowns & restrictions imposed by various governments globally. The pandemic disrupted manufacturing & supply chains, leading to production delays and the temporary closure of factories. During the later stages of the pandemic, people turned to outdoor recreation and leisure activities. This led to an increased interest in off-road sports including dirt biking. The surging demand for dirt bikes can thus be attributed to the growing number of individuals looking for vehicles for use in outdoor adventures and recreation activities.
 

Dirt Bike Market Trends

Increasing off-road leisure activities as well as the high demand for advanced off-road vehicles will drive the dirt bike market growth by 2032. The growing interest of the youth in recreational activities, such as trail sports, motorbike riding, and adventure sports, has augmented the industry demand. These factors along with the development of environmental-friendly bikes are raising awareness among non-users and environmentally conscious consumers.
 

Rising disposable incomes in many countries have made off-road recreational activities more accessible to a broader segment of the population. Individuals are more likely to invest in dirt bikes & related gear for leisure pursuits owing to the rise in discretionary incomes. The availability of financing options and affordable entry-level models have also contributed to industry statistics by making dirt bikes more attainable to a wider range of consumers.
 

Dirt Bike Market Analysis

The gasoline dirt bike market is expected to observer over 6% growth rate between 2023 and 2032. Gasoline dirt bikes are built to withstand the difficulties of off-road riding. They feature sturdy frames, rugged tires, and robust suspension systems that can handle rough terrains, jumps and impacts. This durability and robustness make these bikes popular among riders who seek adventure and want a bike that can withstand demanding off-road conditions.
 

The recreation segment held a industry share of 43.3% in 2022. These activities provide adrenaline-pumping experiences and allow riders to challenge themselves on rugged terrains. The growing interest in off-road sports has created a strong demand for dirt bikes as riders seek suitable vehicles to participate in these thrilling activities. Dirt bikes are poised to witness high growth during 2023-2032 due to their increasing demand in various sports & cruising events. Market players including KTM, Ducati, and Honda along with industry associations are organizing motorcycle racing events, contributing to the increased bike sales.
 

The Asia Pacific dirt bike market was worth USD 1.5 billion in 2022 on account of the favorable policies and increasing government expenditures on infrastructure for recreational activities in the region. The increasing requirement of aftermarket parts & components in the region can also be attributed to the growing consumer purchasing power and a high preference for power dirt bikes. Most of the population is tech savvy with consumers eager to drive fuel-efficient & eco-friendly vehicles, prompting the acceptance of electric dirt bikes.
 

Dirt Bike Market Share

Major companies operating in the dirt bike industry are:

• 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
• Hero MotoCorp.
   

Dirt Bike Industry News

• In September 2022, the EXGB Electric Off-Road Bike Race event was held at the indoor Wheeldon Off-Road Facility in Devon (UK), specifically for children.
   

The dirt bike market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and in shipments (Units) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Application

• Utility
• Sports
• Recreation
• Military

Market, By Propulsion Type

• Gasoline
• Electric

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Norway
  • Netherlands
  • Sweden
  • Denmark
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa