Global Off Road Vehicle
Market Report
2024
The Global Off Road Vehicle market size was USD 20.69 Billion in 2022 and it is forecasted to reach USD 30.25 Billion by 2030. Off Road Vehicle Industry's Compound Annual Growth Rate will be 7.9% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Off Road Vehicle market size was USD 20.69 Billion in 2022 and it is forecasted to reach USD 30.25 Billion by 2030. Off Road Vehicle Industry's Compound Annual Growth Rate will be 7.9% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Off Road Vehicle Market Sales Revenue 2022 | $ 20.69 Billion |
Global Off Road Vehicle Market Sales Revenue 2030 | $ 30.25 Billion |
Global Off Road Vehicle Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.9% |
Market Split by Vehicle |
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Market Split by Application |
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Market Split by Fuel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Off Road Vehicle industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Off Road Vehicle Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Any vehicle that can drive on and off paved or gravel roads is considered an off-road vehicle. These vehicles are also known as overland vehicles or adventure vehicles. These can travel cross-country on land, water, sand, snow, ice, marsh, swampland, or natural terrain immediately or over them. It typically has caterpillar tracks, flexible suspension, large tires with deep, open treads, or both.
The stressful and busy hectic schedule not only leads to body stress but also affects mental stress and tiredness. Hence to remain stress-free, people generally opt for recreational activities. Off-ride vehicle riding is considered one of the most popular outdoor recreational activities across the globe.
Prices for off-road vehicles vary depending on the manufacturer, model, features, and accessories. It costs between $5,000 and $15,000. Other vehicles are also available with prices ranging from $300,000 to $200,000 available in the market. This can hamper the adoption rate of off-the-road vehicles.
According to the United Nations World Tourism Organization (UNTWO), international tourist arrivals increased by around 4% in 2019, reaching 1.5 billion from 1.4 billion in 2018. Similarly, according to the study, international departures will reach 68% of pre-COVID-19 levels globally in 2022, improving to 82% in 2023 and 97% in 2024 before reaching 101% in 2019 by 2025, with a predicted 1.5 billion international departures. There will be plenty of potential for the market for off-road vehicles to expand as the tourist sector expands. Off-road vehicles are becoming extremely prevalent in tourist areas where visitors can rent them for a charge. Tourists love using off-road vehicles for amusement in many popular tourist destinations.
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In October 2022, Shell has formed a nine-member partnership to create a new pilot program for mining site electrification options. A collaboration between Shell and Skeleton, Microvast, Stäubli, Carnegie Mechanical Technology, Heliox, Spirae, Coalition Computerization, Worley, and others introduce Shell’s Mining Electrification Solutions for Off-Road Vehicles. A solution is a comprehensive and interoperable charge framework that reduces emissions without compromising on productivity or security while aiming to be more affordable than diesel-fueled tasks. The trial offer combines a standardized micro-grid energy system with a novel, high-powered storage solution that can be supplemented by on-site or grid-based renewable energy production.
Top Companies Market Share in Off Road Vehicle Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the global off-Road Vehicle market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the market owing to the rising preference for sports and recreational activities, increasing recreational expenditure, an increasing number of off-roading events, growing tourism industry, and many others.
The current report Scope analyzes Off Road Vehicle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Off Road Vehicle Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Off Road Vehicle Industry growth. Off Road Vehicle market has been segmented with the help of its Vehicle, Application Fuel, and others. Off Road Vehicle market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Off Road Vehicle market.
Vehicle of Off Road Vehicle analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Off Road Vehicle Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Off Road Vehicle from 2019 to 2031. This will also help to analyze the demand for Off Road Vehicle across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Off Road Vehicle are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Off Road Vehicle market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Off Road Vehicle Market is witnessing significant growth in the near future.
In 2023, the All-terrain vehicles (ATV) segment accounted for noticeable share of global Off Road Vehicle Market and is projected to experience significant growth in the near future.
The Agriculture segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Arctic Cat Inc., Deere & Company and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Vehicle | All-terrain vehicles (ATV), Side-by-side vehicles (SSV), Off-road motorcycles, Snowmobiles |
Application | Agriculture, Military, Sports, Others |
Fuel | Diesel, Gasoline, Electric |
List of Competitors | Arctic Cat Inc., Honda Motor Co. Ltd., Deere & Company, Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors Corporation, Yahama Motor Co. Ltd., Bombardier Recreational Products, Kässbohrer Geländefahrzeug, Textron Specialized Vehicles Inc., Wildcat Automotive, Massimo Motor Sports LLC., KTM AG and Mahindra & Mahindra Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Off Road Vehicle. Further deep in this chapter, you will be able to review Global Off Road Vehicle Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Off Road Vehicle Market Trends North America Off Road Vehicle Technological Road Map North America Off Road Vehicle Market Drivers North America Off Road Vehicle Market Restraints North America Off Road Vehicle Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vehicle Analysis 2019 -2031, will provide market size split by Vehicle. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vehicle Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Fuel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Off Road Vehicle market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why All-terrain vehicles (ATV) have a significant impact on Off Road Vehicle market? |
What are the key factors affecting the All-terrain vehicles (ATV) and Side-by-side vehicles (SSV) of Off Road Vehicle Market? |
What is the CAGR/Growth Rate of Agriculture during the forecast period? |
By type, which segment accounted for largest share of the global Off Road Vehicle Market? |
Which region is expected to dominate the global Off Road Vehicle Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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