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Europe Off-road Bike, Wheel Assembly, Rim Market By Type (Front, Back) By Component (Rims, Others) By Application (Dirt Bikes, Adventure Bikes, Trail Bikes, Enduro Bikes, Kids Motorbikes)- Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The Europe Off-road Bike, Wheel Assembly, Rim Market report explores the critical analysis of the Europe Off-road Bike, Wheel Assembly, Rim industry using key parameters. The report consists of investment strategies, the need for investments in the Europe Off-road Bike, Wheel Assembly, Rim industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the technical regulations for the Europe Off-road Bike, Wheel Assembly, Rim industry, as well as how economic and non-economic barriers are helping the Europe Off-road Bike, Wheel Assembly, Rim market. Moreover, the report analyses the regional and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Europe Off-road Bike, Wheel Assembly, Rim Market?

In 2021, the back category dominated the market due to increased technological advancements and awareness.

In 2021, the rims segment to dominate the market because it increases the wheel diameter and improves the performance of off-road bikes.

In 2021, the enduro bikes category to dominate the market as enduro bikes are high-performance bikes developed particularly for off-road endurance racing.

Which region dominated the Europe Off-road Bike, Wheel Assembly, Rim Market?

In 2021, Germany was one of the leading contributors to Europe's off-road bike, wheel assembly, rim market. Bikes demand is rising across various end-use industries, including sports, transportation, and leisure, which is why the market is expanding. Utilizing advanced technology and having a highly developed industrial cluster nearby can benefit businesses. An additional element driving up demand for off-road motorcycles, wheel assemblies, and rims is the recent movement in consumer preferences away from the mileage and toward vehicle aesthetics and functionality. The market is anticipated to rise throughout the projected period due to rising population, rapid industrialization, and aggressive manufacturing sector expansion.

What is the competitive environment of the Europe Off-road Bike, Wheel Assembly, Rim Market?

Off-road bike, wheel assembly, and rim market participants are concentrating on research and development activities to develop lightweight wheels to improve the overall efficiency of off-road bikes. The major players in the Off-road Bike, Wheel Assembly, and Rim industries are also concentrating on extending their presence in underserved markets to boost their market share in Europe.

Executive Summary

Why has off-road biking experienced a recent surge in popularity?

Off-road bikes are those used without a road license for off-road riding or leisure. They may be driven on several all-terrain roads, including trail routes. When it comes to racing, tournaments, and adventure, they are best equipped. In most nations, off-road bikes used for recreation can be registered and are permitted to be used in designated locations. The market demand may be boosted by the growing popularity of trail and road rides. Increased demand for motorsports and hiking in Europe and increased tourism and upscale activities may support growth. Furthermore, it is anticipated that the increased demand from the defense sector will present growth prospects. Factors other than defense applications, such as general popularity, increased awareness of off-road biking competitions, and a committed core customer base of off-road bike enthusiasts, are anticipated to impact the market's expansion significantly.

Which are the key investments by the players in the Europe Off-road Bike, Wheel Assembly, Rim Industry Market?

The presence of both established and emerging businesses defines the market. Due to manufacturers implementing cutting-edge technologies, off-ride bikes have improved in terms of comfort, luxury, and safety. Most market participants are investing in introducing new vehicles with improved features at competitive prices to appeal to sports enthusiasts.

Some of the major players in the market are Talong Engineering, Central Wheel Components, Kite, HAAN Wheels, FABA, Excel, Daido Kogyo, Alpina, UAM, and Metrics Engineering. 

What are the Major Driving Factors for the Europe Off-road Bike, Wheel Assembly, Rim Market?

The rise in demand for bikes for transportation and leisure purposes is responsible for expanding the Europe off-road bike, wheel assembly, rim market. The market is rising due to the acceptance of cycling as a form of transportation, particularly in industrialized nations. The industry is expanding because of the increasing number of sponsorships from major brands for racing events and athletes. The market is also driven by an increase in off-road motorbike launches and the popularity of all-electric off-road motorcycles. Furthermore, this market is expanding due to the application of cutting-edge technology to the production of bike rims. Nevertheless, Europe off-road bike, wheel assembly, rim market is anticipated to expand at a healthy rate throughout the forecast period due to technical advances and rising awareness.

What are the Major Risks for the Europe Off-road Bike, Wheel Assembly, Rim Market?

Strict emission standards are pressuring manufacturers to create new two-wheelers that comply with the requirements. But this drives up the cost of off-road bikes. In the upcoming years, it is projected that this will be a significant factor impeding the growth of the Europe off-road bike, wheel assembly, rim market.

Which is the Key Application in the Europe Off-road Bike, Wheel Assembly, Rim Market?

Based on the application, the Europe Off-road Bike, Wheel Assembly, Rim market is segmented into Dirt Bikes, Adventure Bikes, Trail Bikes, Enduro Bikes and Kids Motorbikes. In 2021, the enduro bike category dominated the market. Enduro bikes are high-performance bikes that are primarily designed for off-road endurance racing. Every year, a large number of AMA-sanctioned enduros are hosted all over the world, including local events, regional series, and nationals. As a result, demand for enduro bikes is robust, contributing significantly to market income. Furthermore, the number of enduro bike enthusiasts and rising disposable income fuel the segment's growth.

How is the Europe Off-road Bike, Wheel Assembly, Rim Market performing in regions?

In 2021, the Europe off-road bike, wheel assembly, rim market was dominated by Germany. The rising demand for bikes from various end-use industries, including sports, transportation, and leisure, is credited with driving the market's expansion. According to Motorcycle Data, the German motorcycle sector is regarded as one of the fastest-growing in the world. Germany held the top spot in Europe's off-road bike, wheel assembly, and rim markets in 2020, per data from the European Association of Motorcycle Manufacturers (ACEM). Using cutting-edge technology and a highly sophisticated manufacturing hub in the local market presents firms with highly profitable potential. Another factor contributing to the rising demand for off-road bikes, wheel assembly, rim is the recent movement in consumer preferences away from the mileage and toward vehicle appearance and features. The market is anticipated to expand throughout the forecast period due to rising population, rapid industrialization, and aggressive manufacturing sector expansion. 

However, the market for an off-road bike, wheel assembly, rim is anticipated to expand quickly over the forecast period due to key manufacturers investing in the UK's thriving automotive industry. In addition, demand in this region is anticipated to increase because of rising public awareness of off-road bike events. Due to increased off-road bike sales, a shift in global companies' attention to this area, and technological improvements, the automotive, off-road bike, wheel assembly, rim market has been expanding quickly.

What is the regulatory landscape for the Europe Off-road Bike, Wheel Assembly, Rim Market?

Increased customer demand for high-speed, desirable design, digital dashboards, investments in automation, new, technologically advanced products, and government initiatives to produce vehicles for mountainous areas all open up new career opportunities and promote market expansion.

What is the Market Size of Europe Off-road Bike, Wheel Assembly, Rim regarding value?

The Europe Off-road Bike, Wheel Assembly, Rim Market is anticipated to grow at a substantial CAGR of xx% in the upcoming years. The Europe Off-road Bike, Wheel Assembly, Rim industry was estimated to be worth USD xx million in 2021 and was expected to be worth USD xx million by 2028.

What effect does COVID-19 have on the market for Europe Off-road Bike, Wheel Assembly, Rim?

Lockdown-induced economic crises have a significant impact on the end-use industry. The health care industry is currently in the spotlight in all nations. As a result, production in the automotive sector has been halted. The economies of the nations where migrant workers were employed will be impacted when they return to their home countries. However, they possess superior knowledge and experience, which may work in their favor. Research and development for automotive technology will be restricted because researchers must remain at home while the country is under lockdown. All of these factors had a detrimental effect on the off-road bike, wheel assembly, and rim markets in Europe.

Segmentation of Europe Off-road Bike, Wheel Assembly, Rim Market-

Europe Off-road Bike, Wheel Assembly, Rim Market – By Type

  • Front
  • Back

Europe Off-road Bike, Wheel Assembly, Rim Market – By Component

  • Rims
  • Others

Europe Off-road Bike, Wheel Assembly, Rim Market – By Application

  • Dirt Bikes
  • Adventure Bikes
  • Trail Bikes
  • Enduro Bikes
  • Kids Motorbikes

Europe Off-road Bike, Wheel Assembly, Rim Market – By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Frequently asked questions :

The market for Europe Off-road Bike, Wheel Assembly, Rim is expected to reach US$ XX Bn in 2028.

The Europe Off-road Bike, Wheel Assembly, Rim Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2021-2028.

The base year of this report is 2021.

Talong Engineering, Central Wheel Components, Kite, Alpina, are some of the major players in the global market.

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Automotive & Transportation
Report ID:   60676
Report Format:   PDF
Pages:   104
Rating:    4.6 (46)
Delivery Time: 24 Hours to 48 Hours   
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