Home > Automotive > Mobility > Two and Three Wheelers > Pit Bike Market

Pit Bike Market Trends

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

Download Free Sample

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.

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.