Dirt Bike Market Size By Application (Utility, Sports, Recreation, Military), By Propulsion Type (Gasoline, Electric) & Global Forecast Report, 2023 - 2032

Dirt Bike Market Size By Application (Utility, Sports, Recreation, Military), By Propulsion Type (Gasoline, Electric) & Global Forecast Report, 2023 - 2032

Dirt Bike Market is estimated to record 8% CAGR 2023-2032 owing to the rising trend of off-roading and adventure travel worldwide.

The growing focus of manufacturers on strategic initiatives, such as partnerships and acquisitions for developing innovative models for rugged exploration will support the industry growth. To cite an instance, in December 2022, Eicher Motors, the parent company of Royal Enfield, acquired 10.35% share in Stark Future SL, a Spanish electric motorbike startup to enhance the production of electric dirt motorcycles. Moreover, the ongoing R&D investments to refine hybrid technology are boosting the improvements in power, efficiency, and sustainability.

The overall dirt bike industry is segmented based on application, propulsion type, and region.

Dirt bike market from the sports application segment is expected to record notable CAGR from 2023-2032. The jump in dirt biking competitions, such as motocross, enduro, and supercross events has spurred the need for high-performance dirt bikes equipped with advanced features, offering potential growth opportunities for the market players. For instance, In June 2021, Kawasaki extended its product range by introducing the 2022 mini motocross series in the U.S.

In terms of propulsion type, the electric segment is expected to witness expansion from 2023-2032. The increasing emphasis on environmental sustainability and noise reduction has prompted the higher popularity of electric dirt bikes among riders and enthusiasts worldwide. Moreover, the recent advancements in electric bike technology to offer overall improved performance will influence the market growth. For instance, in March 2023, electric bicycle and e-motorcycle company SONDORs announced plans to launch its newest electric dirt bike.

Europe dirt bike market is set to expand at over 7.5% CAGR from 2023-2032. The presence of extensive network of off-road trails, parks, and tracks will provide riders with ample opportunities to explore rugged terrains and participate in competitive events. The increasing environmental awareness in the region has led to the development and adoption of electric dirt bikes while adhering to the commitment to sustainability and reducing emissions. The presence of strong motocross and off-road racing culture is surging the demand for high-performance dirt bikes equipped with advanced technology, further adding to the regional industry growth. For instance, in June 2023, Beta, an Italian firm recognized for its off-road motorcycles, introduced the RX 300, its new model developed for competitive motocross in Europe.