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Pit Bike Market Analysis

Report ID: GMI6151
Published Date: Jul 2023
Report Format: PDF

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Pit Bike Market Analysis

Pit Bike Market Size, By Propulsion Type, 2021-2032, (USD Billion)

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.

Pit Bike Volume Market Share, By Application, 2022

Learn more about the key segments shaping this market

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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.

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of pit bike reached at USD 1,981.7 million in 2022 and is estimated to grow at a CAGR of over 7% during 2023 to 2032 owing to the demand for these bikes as they are well-suited for navigating tight tracks, trails or motocross circuits.

The recreation segment held a industry share of 43% in 2022, due to the rising youth participation in outdoor recreational activities as well as the increasing applications of off-road vehicles in recreational & adventure sports.

Asia Pacific pit bike sector was valued at over USD 800 million in 2022 and will keep growing owing to favorable policies as well as rising government expenditures on infrastructures for recreational activities.

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