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Dirt Bike Market Size
- Report ID: GMI6148
- Published Date: Jul 2023
- Report Format: PDF
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.
| 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: |
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| Pitfalls & Challenges: |
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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.
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Dirt Bike Market Scope
