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(USGovernment-News.Com, October 29, 2018 ) The global Off road motorcycle market generated 200 thousand units in 2017 and is anticipated to grow at a CAGR of 8.5% during the forecast period according to the new study published by Polaris Market Research.
Off road motorcycles are designed for off-roading and use on uneven and unconventionally paved surfaces. These bikes are manufactured to endure rough terrains and mountainous regions while offering high durability and performance. These bikes are equipped with rugged tires and suspension for high performance.
The demand for off road motorcycles market has increased over the years owing to increasing demand for adventure activities, and increasing events to promote off road motorcycling. The demand for sports and adventure activities has significantly increased the adoption of off road motorcycles. The increasing initiatives from private organizations to promote biking activities and increasing adoption of electric bikes further supports off road motorcycle market growth. Growing demand from emerging economies, increasing tourism activities, and technological advancements are expected to provide numerous growth opportunities for off road motorcycle market during the forecast period.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Off road motorcycle Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The North America off road motorcycle market generated the highest revenue in 2017 owing to increasing tourism industry, and growing trend of adventure sports in this region. The high purchasing power of consumers, and technological advancements drive the market growth in the region.
Competitive Landscape and Key Vendors
The global Off road motorcycle market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in theoff road motorcycle market report include Husqvarna Motorcycles GmbH, TRS Motorcycles, Kawasaki Motorcorp, Alta Motors, Chritini Technologies, Ural Motorcycles, KTM AG, BMW Group, and ROKON International Inc.
About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact us:
Mr. Neel Corporate Sales, USA Polaris Market Research Phone: 1-646-568-9980 Email: neel@polarismarketresearch.com Web: https://www.polarismarketresearch.com/
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