Off-road Motorcycles - United Kingdom

United Kingdom

The Off-road Motorcycles market segment in the United Kingdom is anticipated to achieve a revenue of €56.05m by 2024.
This projection indicates an estimated annual growth rate (CAGR 2024-2029) of 3.12%, leading to a market volume of €65.37m by 2029.
The unit sales in the Off-road Motorcycles market segment are predicted to reach 7.76k motorcyles by 2029.
In 2024, the volume weighted average price of Off-road Motorcycles market is expected to be €8.12k.
From a global standpoint, it is evident that Brazil will generate the highest revenue in the Off-road Motorcycles market segment, amounting to €1,265.00m in 2024.
The United Kingdom has seen a surge in demand for electric off-road motorcycles due to increasing environmental awareness among consumers.

Key regions: Germany, Italy, United States, Portugal, Spain

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Off-road Motorcycles market in United Kingdom has been experiencing significant growth in recent years.

Customer preferences: The increasing popularity of off-road motorcycle sports and recreational activities has been a key driver of the market's growth. Off-road motorcycles offer a thrilling and adventurous experience for riders, attracting a wide range of enthusiasts, from professional riders to amateurs seeking an adrenaline rush. Additionally, the versatility of off-road motorcycles appeals to customers who enjoy exploring rugged terrains and off-road trails.

Trends in the market: One of the notable trends in the Off-road Motorcycles market in United Kingdom is the growing demand for electric off-road motorcycles. As environmental concerns and sustainability become more prominent, customers are increasingly seeking eco-friendly alternatives. Electric off-road motorcycles offer a quieter and emission-free riding experience, making them attractive to environmentally conscious riders. Furthermore, advancements in battery technology have improved the performance and range of electric off-road motorcycles, making them a viable option for off-road enthusiasts. Another trend in the market is the rising popularity of off-road motorcycle tours and events. Tour operators and event organizers are capitalizing on the growing interest in off-road motorcycle adventures by offering guided tours and organized events. These tours and events provide riders with the opportunity to explore new terrains, learn new skills, and connect with fellow enthusiasts. The demand for such experiences has contributed to the growth of the market, as riders seek unique and memorable off-road motorcycle experiences.

Local special circumstances: The United Kingdom has a rich history and culture of off-road motorcycle sports, with a dedicated fan base and a strong presence of off-road motorcycle clubs and organizations. This has created a supportive and thriving community for off-road motorcycle enthusiasts. The presence of well-established tracks, trails, and off-road riding areas further enhances the appeal of off-road motorcycle activities in the country. The accessibility and availability of these facilities make it convenient for riders to engage in off-road motorcycle sports and recreational activities.

Underlying macroeconomic factors: The overall economic stability and disposable income levels in United Kingdom have played a significant role in the growth of the Off-road Motorcycles market. As the economy improves and consumer confidence increases, individuals have more disposable income to spend on leisure activities and recreational pursuits. Off-road motorcycles are a discretionary purchase, and the positive economic conditions have allowed more individuals to afford and invest in these vehicles. In conclusion, the Off-road Motorcycles market in United Kingdom is experiencing growth due to customer preferences for thrilling and adventurous experiences, the trend towards eco-friendly alternatives, the popularity of off-road motorcycle tours and events, the presence of a supportive off-road motorcycle community, and the positive macroeconomic factors in the country. These factors have contributed to the increasing demand for off-road motorcycles and the overall development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.

Additional Notes:

The market is updated once a year.