Pit Bike Market Size By Application (Utility, Sports, Recreation), By Propulsion Type (Gasoline, Electric), Industry Analysis, Growth Statistics & Global Forecast Report, 2023 – 2032

Pit Bike Market Size

Pit Bike Market size was valued at USD 1.9 million in 2022 and is estimated to grow at a CAGR of over 7% from 2023 to 2032. Many riders enjoy the thrill & fun of riding pit bikes in a controlled & competitive environment, thereby leading to an increasing interest in this segment.
 

Increasing outdoor recreational facilities, such as theme parks, wilderness areas, and trails, will positively influence product demand. The high inclination of consumers toward outdoor recreational activities without being involved in large crowds will also boost industry growth. Governments worldwide are imposing several regulations and conducting safety training programs to control the occurrence of injuries & fatalities in sporting activities, which will boost the adoption of low cc pit bikes by 2032.
 

COVID-19 Impact

The COVID-19 pandemic had moderate impacts on the pit bike market. During the initial pandemic period, the sector 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 recreation and leisure outdoor activities. This led to an increased interest in off-road sports including pit biking. As a result, there was a surge in the product demand as more individuals sought vehicles for outdoor adventure & recreation activities.
 

Pit Bike Market Trends

Pit bikes are generally affordable compared to larger motorcycles, making them an attractive option for riders looking for a budget-friendly way to enter the off-road riding scene. The lower price point and the availability of financing options have made pit bikes more accessible to a wide range of riders. Pit bikes have gained popularity among younger riders including children and teenagers owing to their smaller size & lower power output and those who are transitioning from smaller bikes or starting their off-road riding journeys.
 

Pit Bike Market Analysis

Based on propulsion type, the market is segmented into gasoline and electric. The gasoline pit bike market is expected to register around 7% growth rate between 2023 and 2032. Gasoline pit bikes typically offer higher performance & power compared to their electric counterparts. This makes them more appealing to riders seeking higher speeds and thrilling off-road experiences.
 

The recreation sector held a industry share of 43.3 % in 2022. The rising youth participation in outdoor recreational activities as well as the increasing applications of off-road vehicles in recreational & adventure sports is contributing to the growing product demand. The rising inclination of the younger generation toward the espousal of motorsports will propel the pit bike industry statistics.
 

The Asia Pacific pit bike market was worth USD 800 million in 2022 on account of the favorable policies & rising government expenditures on infrastructures for recreational activities. The rising requirement of aftermarket parts & components in the region can also be attributed to the growing consumer purchasing power and a high preference for power pit bikes.
 

Pit Bike Market Share

Major companies operating in the pit bike industry landscape are:

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

Pit Bike Industry News

• In July 2021, Kayo USA introduced its pit bike lineup for 2022. The company launched five bikes in this lineup with a 30-day parts warranty on its bikes.
   

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

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Market, By Application

• Utility
• Sports
• Recreation

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