Adventure Bike is purposely built for long touring and riding on off-road terrains. ADV bikes are totally new segment in India and belong to certain age groups as well. These motorcycles offer better riding options and come with capabilities to handle uneven roads. Also riding bikes for long-distance needs many accessories like luggage panniers, mobile chargers, crash guards, etc due to which bike accessories market growing in India.
The India Adventure Bike & Accessories Market size was estimated at $XX million in 2020 and is projected to reach $xx million by 2028 at a CAGR of XX% from 2022 to 2029. Indian adventure or adv motorcycle market is booming these days. Good road conditions, growing per capita income, easy finance options, and many YouTubers influencing riders to purchase adventure bikes for touring purposes. The touring bike market is limited compared to other bike segments as bike costs, accessories, and maintenance are comparatively high. Many bike rental and travel planning companies offer touring packages which further boosts the market in the country.
The Low and mid-range adventure bikes lead the market as costs associated with purchase and maintenance are budget-friendly, whereas high-capacity bikes are considered for cross country and long time touring purposes.
The major players in the Adventure Bike segment in India are:
• Royal Enfield
• KTM
• Jawa
• Yezdi
• Bajaj
• Hero
• Honda
• Triumph
• Suzuki
• BMW
• Benelli
Market Segmentation
By Engine Capacity
• 150cc to 500cc
• 500cc to 1000cc
• Above
By Application Type
Touring
• Long
• Short
• Off-Road
• Commuting
By Rental Type
• Long Term
• Short Term
Accessories Type
• Company Fitted
• Custom Vendor Accessories
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