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Pit Bike Market Size

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

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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.

Pit Bike Market

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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.

Pit Bike Market Report Attributes
Report Attribute	Details
Base Year:	2022
Pit Bike Market Size in 2022:	USD 1.9 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.2%
2032 Value Projection:	USD 4.3 Million
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	357
Segments covered:	Application, Propulsion Type
Growth Drivers:	Increasing popularity of off-road motorsport events Affordability associated with pit bikes Technological advancements in pit bikes Rising disposable incomes in countries across Asia Pacific
Pitfalls & Challenges:	Regulatory restrictions

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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.