Pit Bike Market size was valued at USD 1.2 billion in 2023 and is anticipated to reach USD 2.4 billion by the end of 2036, registering around 4.5% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of pit bike is evaluated at USD 1.5 billion.
The primary growth driver of pit bike market is the increasing popularity of off-road and recreational motorcycling among enthusiasts. Factors such as rising disposable incomes, greater interest in outdoor sports, and the availability of affordable and versatile pit bikes contribute to the trend. Furthermore, advancements in pit bike technology and improvements in safety features also play a major role in driving market growth.
Pit bikes are small motorcycles and are more affordable than full-sized motorcycles or dirt bikes. The price range of pit bikes, which caters to a wider spectrum of riders, including younger riders, first-time buyers, and those interested in recreational riding, racing, and related sports activities, is driving market growth. Additionally, there has been a noticeable increase in the time people spend on leisure and sports activities in recent years. A survey study conducted by the U.S. Bureau of Labor Statistics in 2022 stated that the total average hours per day spent in leisure and sports activities were 5.20.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.5% |
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Base Year Market Size (2023) |
USD 1.2 billion |
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Forecast Year Market Size (2036) |
USD 2.4 billion |
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Regional Scope |
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Application (Recreation, Sports, Utility)
Recreation segment is predicted to hold more than 42.1% pit bike market share by 2036. The segment’s significant growth rate can be attributed to the perception of the pike bike as a recreational activity, and its accessibility even to the kids in the form of a small version of pit bikes. Riding a pit bike when off-roading requires an immense level of concentration and skill to steer different terrains and decompress. It is also considered to be a group activity, giving the bikers a sense of community. Their lightweight build allows riders across all skill-levels to be able to experience the jubilation of bike riding, while also providing the benefit of physical exercise.
Moreover, outdoor recreational centers provide the advantage of renting a pit bike to perform the off-roading activity. Pit biking, a sought-after stunt riding experience, is also expected to augment the outdoor recreational domain, enabling individuals an authentic competitive riding experience.
Propulsion (Electric, Gasoline)
Electric segment is set to capture around 53% pit bike market share by the end of 2036. The segment growth can be accredited to government campaigns in both developed and underdeveloped countries to comply in the efforts to reduce carbon footprint by switching to electric vehicles, including electric pit bikes. Additionally, electric pit bikes are preferred over their gasoline counterparts due to the fewer moving parts, leading to lower maintenance. Since electric motorcycles, including pit bikes, produce fairly less noise pollution, no fuel investments and impart better range options in sport and eco mode, customers are more inclined towards investing in an electric pit bike.
Our in-depth analysis of the global market includes the following segments:
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Application |
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Propulsion |
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APAC Market Statistics
The pit bike market in Asia Pacific is expected to hold the largest share of about 44% by the end of 2036 on account of the rising disposable income. Consumers are largely investing in recreational activities, including pit biking. Spending on leisure and recreational activities has increased noticeably as the region's economies improve and disposable incomes rise. This includes a growing interest in off-road sports and motocross, which boosts demand for pit bikes.
In China, it has been witnessed that there is a rising curiosity for pit bikes, notably after the first MXGP and MX2 Motocross World Championship events were held in Shanghai in 2019. With the announcement of the tournament making a comeback in Shanghai, it is anticipated that the attention of bike enthusiasts will be redirected to the sport, and the demand for pit bikes will observe an upswing. Another facet of the market growth in China is its being one of the hotspots of motorcycle exports. As per the study by the Italian Trade Agency, in 2022, China’s motorcycle export value stood at an enormous USD 5.3 billion, which emphasized the global proclivity towards China-manufactured pit bikes. The rising popularity of lightweight bikes can also be witnessed in South Korea, indicated by multiple innovations in the realm of pit bikes and multiple market differentiators.
North America Market Analysis
North America in pit bike market is estimated to hold more than 35% revenue share by 2036. The established competitive motorsport culture with frequent competitions, and off-road events, are the market drivers for the market in this region.
In the U.S., there are approved recreational riding areas where people can test bikes. The strong presence of various outdoor activities is also propelling the pit bike industry. According to a report published by the United States Bureau of Economic Analysis, adventure activities as a recreational activity accounted for 2.2% of the country's GDP in 2022. The widespread exposure to motorsport through many championships and races has fueled the interest of individuals in pit biking. Furthermore, the United States has a plethora of pit bike manufacturers to suit the booming client demand, each with a unique pricing point, greater shock absorbers, and torque. Canada is also encountering a climb in the interest and demand for pit bike post the success of the 2023 Canadian National Motocross.
The pit bike market growth is predicted to grow led by companies occupying a lucrative share. Most of the companies are engaged in strategic collaborations, partnerships, and joint ventures to strengthen their customer reach. With the increasing demand for air travel, various companies are adapting to the latest trends and are set to be the major key players in this sector.
Some of the key players include:
Author Credits: Saima Khursheed
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