Product ID: UCMIG25C2133
Report ID:
UCMIG25C2133 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of dirt bikes reached USD 4 billion in 2022 and is anticipated to register a Compound Annual Growth Rate (CAGR) of 8% from 2023 to 2032. The increasing popularity of bike racing events, particularly in motocross, is poised to have a positive impact on the demand for these products in the forthcoming years. The implementation of rigorous emission and safety standards is creating avenues for manufacturers in the power sports sector to develop products that are not only efficient but also meet safety requirements. Companies within the off-road bike industry are consistently investing in research and development to enhance engine efficiency and incorporate standard safety features, thereby fostering the adoption of their products. The adoption of Anti-lock Braking Systems (ABS) in dirt bikes is a growing trend that enhances vehicle safety, instilling greater confidence in consumers and driving increased product acceptance.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automobile Manufacturers by segment aggregation, the contribution of the Automobile Manufacturers in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25C2133