Off-Road Vehicle Market
Off-Road Vehicle Market Analysis by All-Terrain Vehicles (ATVs), Side-by-Side Vehicles (SSVs), Off-Road Motorcycles, and Snowmobiles from 2023 to 2033
Analysis of Off-Road Vehicle Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Off-Road Vehicle Market Outlook (2023 to 2033)
Fact.MR, in its recently published report, asserts that the global off-road vehicle market reached a value of US$ 20.1 billion in 2022. Worldwide demand for off-road vehicles is forecasted to accelerate at 8.1% CAGR and reach a market value of US$ 47.4 billion by the end of 2033.
Off-road vehicles are a rapidly growing and dynamic segment of the automotive market. This market caters to the requirements of professionals and enthusiasts who need vehicles capable of navigating challenging and rugged terrain. They are specifically designed to handle multiple types of off-road conditions, including rocky paths, rough trails, extreme climates, and muddy landscapes.
Prominent Market Growth Drivers
- Hybrid and electric off-road vehicles are becoming popular across countries with increasing awareness about environmental footprint. These vehicles offer lower operating costs and reduced emissions, making them an attractive choice for environmentally conscious consumers.
- Various military and government organizations depend on off-road vehicles for multiple applications, including border patrol, transportation, and reconnaissance.
A wide range of vehicles, including all-terrain vehicles (ATVs), off-road trucks, utility task vehicles (UTVs), and dirt bikes, off-road vehicles. These vehicles are becoming popular across regions owing to their unique experiences and versatility. Versatile applications of these vehicles, encompassing recreational activities like trail riding, off-roading, and motorsports, as well as crucial tasks such as military operations, construction, forestry, agriculture, etc., are creating opportunities for industry participants.
Availability of aftermarket facilities for consumers of off-road vehicles is predicted to assist them in getting customized services. A wide variety of accessories are available at aftermarket stores.
- Worldwide demand for off-road electric vehicles is predicted to increase at 17.1% CAGR through 2033.
- Sales of off-road vehicles reached US$ 12.1 billion in North America in 2022.
Constant technological advancements along with increased environmental consciousness are projected to result in further innovations and evolutions in off-road vehicles. However, safety issues, land access regulations, and environmental concerns related to off-road vehicles are projected to create challenges for suppliers in the coming decade.
| Report Attributes | Details |
|---|---|
| Off-Road Vehicle Market Size (2022A) | US$ 20.1 Billion |
| Estimated Market Value (2023E) | US$ 21.73 Billion |
| Forecasted Market Value (2033F) | US$ 47.4 Billion |
| Global Market Growth Rate (2023 to 2033) | 8.1% CAGR |
| North America Market Value (2022) | US$ 12.1 Billion |
| Sales Growth of Electric Propulsion Vehicles (2023 to 2033) | 17.1% CAGR |
| Recreation Segment Value (2033) | US$ 16.1 Billion |
| Sales Growth of All-terrain Off-Road Vehicles (2023 to 2033) | 8.1% CAGR |
| Key Companies Profiled |
|
Which Key Dynamics are Bolstering Worldwide Sales of Off-Road Vehicles?
“Growing Interest in Recreational Activities among Adventure Enthusiasts”
Once a niche hobby, off-roading is transforming rapidly into a mainstream activity. Various outdoor enthusiasts and adventure seekers are being captivated by these activities. This surging popularity of recreational activities is owing to the sense and thrill of adventure that is offered by off-roading making it one of the ideal escapes from routine life.
Various people are seeking more adrenaline-pumping and immersive experiences. Therefore, adoption of recreational off-road vehicles is predicted to help them enjoy adventurous activities. Off-road motorcycles and ATVs are gaining popularity among people for recreational purposes. They are designed specifically to conquer several challenging terrains and are becoming trusted companions of families and individuals craving adventures.
“Versatility and Ruggedness of Off-road Vehicles Driving Their Extensive Use”
Off-road vehicles are predicted to become indispensable tools beyond their recreation appeal. They find applications in many industries and support multiple essential operations and tasks. Their ability, versatility, and ruggedness to navigate challenging terrain lead to acceptance as assets in numerous applications.
In the agriculture sector, UTVs are used by agricultural workers and farmers in routine operations. They are equipped with cargo beds and complete several tasks, including managing livestock, transporting equipment, hauling crops, etc. Heavy-duty equipment and off-road trucks play an essential role in handling construction sites. Backhoes, bulldozers, excavators, etc., are designed to operate effectively in rugged environments.
Specialized off-road vehicles are also used significantly by forestry workers to navigate dense forests and for the management of timber resources. They are utilized for the extraction of felled trees and transportation of the same.
What Roadblocks Do Off-road Vehicle Producers Need to Navigate?
“Safety Concerns Related to Off-roading Activities Hindering Market Expansion Opportunities”
Off-roading is a dangerous adventure activity that can sometimes result in severe accidents or fatalities as riders are provided little protection. Therefore, market growth is hindered. Furthermore, off-road vehicles are marketed for children as well and have limited laws regulating their use, which is projected to lead to an increased probability of accidents.
What Initiatives are Start-ups Taking to Gain Ground in the Market?
“Adoption of 4WD and AWD Vehicles Widening Opportunities for Start-ups”
Increasing adoption of four-wheel drive (4WD) and all-wheel drive (AWD) utility vehicles is projected to gain momentum in the coming decade. Start-ups are required to invest in the development of more efficient and safe off-road vehicles to secure their position.
Country-wise Insights
The market in North America reached a size of US$ 12.1 billion in 2022 owing to increased participation of Americans in recreational activities compared to other markets. This is predicted to result in increased demand for off-road vehicles.
Why is the United States a Key Market for Off-Road Vehicle Manufacturers?
“Notable Technological Advancements in Off-Road Vehicles”
Presence of several prominent manufacturers of off-road vehicles in the United States is anticipated to contribute to revenue streams. Moreover, the launch of multiple technologically advanced vehicles in the country is also projected to cushion market growth opportunities.
Which Countries in Asia Pacific are Lucrative Markets for Off-Road Vehicle Companies?
“Infrastructure Development in India, China, and South Korea Pushing Demand for Off-Road Vehicles”
Significant infrastructure development in some regional countries, including India, China, and South Korea, is estimated to boost demand for off-road vehicles. Moreover, noteworthy growth in the agriculture sector and increasing requirements for construction equipment are also predicted to generate revenue streams in these countries.
Category-wise Insights
Demand for all-terrain vehicles is predicted to advance at a CAGR of 8.1% through 2033 owing to the growing interest among the younger generation in outdoor activities. Furthermore, worldwide demand for electric propulsion-based off-road vehicles is projected to accelerate at a 17.1% CAGR from 2023 to 2033 due to their instant torque and power.
Which Type of Off-Road Vehicle is Grabbing More Attention Of Late?
“High Demand for ATVs Due to Increasing Involvement of Youth in Outdoor Activities”
Worldwide demand for all-terrain vehicles (ATVs) is forecasted to accelerate at a CAGR of 8.1% through 2033.
Growing number of all-terrain clubs across geographies and the proliferation of multiple outdoor parks are forecasted to boost demand for ATVs. Moreover, rising involvement among the young generation in these outdoor activities is projected to result in rising demand for ATVs. Increasing availability of facilities for teaching passenger safety and providing comprehensive driving training is expected to boost demand for the product.
Which Type of Off-Road Vehicle is in High Demand?
“Increasing Demand for No-emission Vehicles Boosting Sales of Electric Off-Road Vehicles”
Worldwide sales of off-road vehicles with electric propulsion are projected to rise at 17.1% CAGR from 2023 to 2033.
Multiple governments around the world are taking initiatives to curb pollution and carbon emissions that are predicted to lead to the rising adoption of electric vehicles. Increasing involvement of people in off-roading and similar activities is leading to the growing adoption of electric off-road vehicles. Instant torque and power are offered by electric motors with comparatively narrow hoses that are projected to foster product demand, especially in developed countries.
Which Application of Off-Road Vehicles is Projected to Bring in High Revenue Streams?
“Extensive Use of Off-Road Vehicles in Adventure Activities”
Worldwide demand for off-road vehicles for recreational purposes is predicted to reach US$ 16.1 billion by the end of 2033, as per the study published by Fact.MR, a market research and competitive intelligence provider. Growing expenditure on adventure and leisure activities by various consumers around the world is estimated to open up investment opportunities.
Market Competition
Suppliers of off-road vehicles are incorporating numerous strategies for different purposes, including new developments, ensuring quality control of products, management of supply chain systems, etc. Product launches, collaborations, partnerships, etc., are some key strategies that are adopted by players to expand their reach across geographies.
For instance :
- Vlcon Inc., in July 2022, announced the launch of the Stag, which is a fully electric UTV and offers better performance with less emissions and noise.
- BRP, in April 2022, announced updates to Can-Am Spyder and Ryker, the company’s three-wheeled motorcycle models. These updates aim to enhance the stability and performance of the vehicles.
Arctic Cat Inc., Deere & Company, Honda Motor Co. Ltd., Kawasaki Motors Corp., Polaris Industries Inc., Kubota Corporation, Suzuki Motors Corporation, Bombardier Recreational Products, Yamaha Motors Co., Ltd., Kassbohrer Gelandefahrzeug, Wildcat Automotive, Textron Specialized Vehicles Inc., Massimo Motor Sports, Mahindra & Mahindra Ltd., and KTM AG are key players in the off-road vehicle market.
Segmentation of Off-Road Vehicle Market Research
-
By Type :
- All-Terrain Vehicles (ATVs)
- Side-by-Side Vehicles (SSVs)
- Off-Road Motorcycles
- Snowmobiles
-
By Propulsion :
- Diesel
- Gasoline
- Electric
-
By Application :
- Utility
- Sports
- Recreation
- Military
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
1. Global Market - Executive Summary 1.1. Global Market- Opportunity Assessment 1.2. Competitive Analysis (Fortune Wheel) 1.3. Mega Trends 1.4. Fact.MR View Point 2. Global Market Overview 2.1. Introduction 2.1.1. Global Market Taxonomy 2.1.2. Global Market Definition 2.2. Global Market Size (US$ Mn) & Volume (‘000 Units) and Forecast, 2018-2033 2.2.1. Global Market Y-o-Y Growth 2.3. Global Market Dynamics 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.6.1. Pricing Analysis by Vehicle Type 2.6.2. Pricing Forecast Till 2033 2.7. Macro - Economic Factors Influencing Demand 2.8. Forecast Factors and Relevance of impact 2.9. Global Sales Overview 2.10. Consumer Buying Criteria 2.11. Market: Notable Developments 2.12. Standards/Regulations 2.13. List of key manufacturer 2.14. Political-Economical-Social-Technological-Legal-Environment (PESTLE) Analysis 2.15. Porter’s Analysis 3. Global Market Analysis and Forecast 2018-2033 3.1. Global Market Size and Forecast By Vehicle Type, 2018-2033 3.1.1. All-terrain vehicles (ATV) Market Size and Forecast, 2018-2033 3.1.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Side by side vehicles (SSV) Market Size and Forecast, 2018-2033 3.1.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 3.1.3. Off-road motorcycles Market Size and Forecast, 2018-2033 3.1.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.1.3.2. Market Share Comparison, By Region 3.1.3.3. Y-o-Y growth Comparison, By Region 3.1.4. Snowmobiles Market Size and Forecast, 2018-2033 3.1.4.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.1.4.2. Market Share Comparison, By Region 3.1.4.3. Y-o-Y growth Comparison, By Region 3.2. Global Market Size and Forecast By Fuel, 2018-2033 3.2.1. Diesel Market Size and Forecast, 2018-2033 3.2.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.2.1.2. Market Share Comparison, By Region 3.2.1.3. Y-o-Y growth Comparison, By Region 3.2.2. Gasoline Market Size and Forecast, 2018-2033 3.2.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.2.2.2. Market Share Comparison, By Region 3.2.2.3. Y-o-Y growth Comparison, By Region 3.2.3. Electric Market Size and Forecast, 2018-2033 3.2.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.2.3.2. Market Share Comparison, By Region 3.2.3.3. Y-o-Y growth Comparison, By Region 3.3. Global Market Size and Forecast By Application, 2018-2033 3.3.1. Utility Market Size and Forecast, 2018-2033 3.3.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.3.1.2. Market Share Comparison, By Region 3.3.1.3. Y-o-Y growth Comparison, By Region 3.3.2. Sports Market Size and Forecast, 2018-2033 3.3.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.3.2.2. Market Share Comparison, By Region 3.3.2.3. Y-o-Y growth Comparison, By Region 3.3.3. Recreation Market Size and Forecast, 2018-2033 3.3.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.3.3.2. Market Share Comparison, By Region 3.3.3.3. Y-o-Y growth Comparison, By Region 3.3.4. Military Market Size and Forecast, 2018-2033 3.3.4.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region 3.3.4.2. Market Share Comparison, By Region 3.3.4.3. Y-o-Y growth Comparison, By Region 4. North America Market Size and Forecast, 2018-2033 4.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country 4.2. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type 4.3. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Fuel 4.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Application 5. Latin America Market Size and Forecast, 2018-2033 5.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country 5.2. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type 5.3. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Fuel 5.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Application 6. Europe Market Size and Forecast, 2018-2033 6.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country 6.2. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type 6.3. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Fuel 6.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Application 7. Japan Market Size and Forecast, 2018-2033 7.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country 7.2. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type 7.3. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Fuel 7.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Application 8. APEJ Market Size and Forecast, 2018-2033 8.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country 8.2. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type 8.3. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Fuel 8.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Application 9. MEA Market Size and Forecast, 2018-2033 9.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country 9.2. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type 9.3. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Fuel 9.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Application 10. Global Market Competitive Landscape 10.1. Market Structure 10.2. Global Market Competitive Landscape, Competition Dashboard 11. Company Profiles 11.1. Arctic Cat Inc. 11.2. Honda Motor Co. Ltd. 11.3. Deere & Company 11.4. Kawasaki Motors Corp. 11.5. Kubota Corporationc 11.6. Polaris Industries Inc. 11.7. Suzuki Motors Corporation 11.8. Yahama Motor Co., Ltd. 11.9. Bombardier Recreational Products 11.10. Kässbohrer Geländefahrzeug 11.11. Textron Specialized Vehicles Inc. 11.12. Wildcat Automotive 11.13. Massimo Motor Sports, LLC. 11.14. KTM AG 11.15. Mahindra & Mahindra Ltd. 12. Fact.MR Research Methodology 12.1. To Begin With 12.2. How we Develop Base Year Data 12.3. Overall Approach Explained Visually 12.4. To be Noted 12.5. Average Pricing Methodology 12.6. Forecasting Methodology 12.7. For Profiling Competitors in the Market 13. Disclaimer
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List Of Table
TABLE 01: Global Market Value (US$ Mn) & Volume (‘000 Units), 2018-2022
TABLE 02: Global Market Value (US$ Mn) & Volume (‘000 Units), 2023-2033
TABLE 03: Global Market Value (US$ Mn) & Volume (‘000 Units) and Y-o-Y, 2018-2033
TABLE 04: Global All-terrain vehicles (ATV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 05: Global All-terrain vehicles (ATV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 06: Global All-terrain vehicles (ATV) Segment Market Share, By Region 2018-2022
TABLE 07: Global All-terrain vehicles (ATV) Segment Market Share, By Region 2023-2033
TABLE 08: Global All-terrain vehicles (ATV) Segment Y-o-Y, By Region 2018-2033
TABLE 09: Global Side by side vehicles (SSV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 10: Global Side by side vehicles (SSV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 11: Global Side by side vehicles (SSV) Segment Market Share, By Region 2018-2022
TABLE 12: Global Side by side vehicles (SSV) Segment Market Share, By Region 2023-2033
TABLE 13: Global Side by side vehicles (SSV) Segment Y-o-Y, By Region 2018-2033
TABLE 14: Global Off-road motorcycles Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 15: Global Off-road motorcycles Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 16: Global Off-road motorcycles Segment Market Share, By Region 2018-2022
TABLE 17: Global Off-road motorcycles Segment Market Share, By Region 2023-2033
TABLE 18: Global Off-road motorcycles Segment Y-o-Y, By Region 2018-2033
TABLE 19: Global Snowmobiles Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 20: Global Snowmobiles Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 21: Global Snowmobiles Segment Market Share, By Region 2018-2022
TABLE 22: Global Snowmobiles Segment Market Share, By Region 2023-2033
TABLE 23: Global Snowmobiles Segment Y-o-Y, By Region 2018-2033
TABLE 24: Global Diesel Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 25: Global Diesel Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 26: Global Diesel Segment Market Share, By Region 2018-2022
TABLE 27: Global Diesel Segment Market Share, By Region 2023-2033
TABLE 28: Global Diesel Segment Y-o-Y, By Region 2018-2033
TABLE 29: Global Gasoline Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 30: Global Gasoline Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 31: Global Gasoline Segment Market Share, By Region 2018-2022
TABLE 32: Global Gasoline Segment Market Share, By Region 2023-2033
TABLE 33: Global Gasoline Segment Y-o-Y, By Region 2018-2033
TABLE 34: Global Electric Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 35: Global Electric Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 36: Global Electric Segment Market Share, By Region 2018-2022
TABLE 37: Global Electric Segment Market Share, By Region 2023-2033
TABLE 38: Global Electric Segment Y-o-Y, By Region 2018-2033
TABLE 39: Global Utility Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 40: Global Utility Segment Market Share, By Region 2018-2022
TABLE 41: Global Utility Segment Market Share, By Region 2023-2033
TABLE 42: Global Utility Segment Y-o-Y, By Region 2018-2033
TABLE 43: Global Sports Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 44: Global Sports Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 45: Global Sports Segment Market Share, By Region 2018-2022
TABLE 46: Global Sports Segment Market Share, By Region 2023-2033
TABLE 47: Global Sports Segment Y-o-Y, By Region 2018-2033
TABLE 48: Global Recreation Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 49: Global Recreation Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 50: Global Recreation Segment Market Share, By Region 2018-2022
TABLE 51: Global Recreation Segment Market Share, By Region 2023-2033
TABLE 52: Global Recreation Segment Y-o-Y, By Region 2018-2033
TABLE 53: Global Military Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018-2022
TABLE 54: Global Military Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023-2033
TABLE 55: Global Military Segment Market Share, By Region 2018-2022
TABLE 56: Global Military Segment Market Share, By Region 2023-2033
TABLE 57: Global Military Segment Y-o-Y, By Region 2018-2033
TABLE 58: North America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018-2022
TABLE 59: North America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023-2033
TABLE 60: North America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018-2022
TABLE 61: North America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023-2033
TABLE 62: North America Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2018-2022
TABLE 63: North America Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2023-2033
TABLE 64: North America Market Value (US$ Mn) & Volume (‘000 Units), By Application 2018-2022
TABLE 65: North America Market Value (US$ Mn) & Volume (‘000 Units), By Application 2023-2033
TABLE 66: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018-2022
TABLE 67: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023-2033
TABLE 68: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018-2022
TABLE 69: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023-2033
TABLE 70: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2018-2022
TABLE 71: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2023-2033
TABLE 72: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Application 2018-2022
TABLE 73: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Application 2023-2033
TABLE 74: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018-2022
TABLE 75: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023-2033
TABLE 76: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018-2022
TABLE 77: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023-2033
TABLE 78: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2018-2022
TABLE 79: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2023-2033
TABLE 80: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Application 2018-2022
TABLE 81: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Application 2023-2033
TABLE 82: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018-2022
TABLE 83: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023-2033
TABLE 84: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018-2022
TABLE 85: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023-2033
TABLE 86: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2018-2022
TABLE 87: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2023-2033
TABLE 88: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Application 2018-2022
TABLE 89: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Application 2023-2033
TABLE 90: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018-2022
TABLE 91: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023-2033
TABLE 92: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018-2022
TABLE 93: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023-2033
TABLE 94: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2018-2022
TABLE 95: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2023-2033
TABLE 96: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Application 2018-2022
TABLE 97: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Application 2023-2033
TABLE 98: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018-2022
TABLE 99: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023-2033
TABLE 100: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018-2022
TABLE 101: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023-2033
TABLE 102: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2018-2022
TABLE 103: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Fuel 2023-2033
TABLE 104: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Application 2018-2022
TABLE 105: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Application 2023-2033
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List Of Figures
FIG. 01: Global Market Value (US$ Mn), 2018-2022
FIG. 02: Global Market Value (US$ Mn) Forecast, 2023-2033
FIG. 03: Global Market Value (US$ Mn) and Y-o-Y, 2018-2033
FIG. 04: Global All-terrain vehicles (ATV) Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 05: Global All-terrain vehicles (ATV) Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 06: Global All-terrain vehicles (ATV) Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 07: Global Side by side vehicles (SSV) Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 08: Global Side by side vehicles (SSV) Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 09: Global Side by side vehicles (SSV) Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 10: Global Off-road motorcycles Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 11: Global Off-road motorcycles Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 12: Global Off-road motorcycles Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 13: Global Snowmobiles Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 14: Global Snowmobiles Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 15: Global Snowmobiles Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 16: Global Diesel Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 17: Global Diesel Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 18: Global Diesel Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 19: Global Gasoline Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 20: Global Gasoline Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 21: Global Gasoline Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 22: Global Electric Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 23: Global Electric Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 24: Global Electric Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 25: Global Utility Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 26: Global Utility Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 27: Global Utility Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 28: Global Sports Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 29: Global Sports Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 30: Global Sports Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 31: Global Recreation Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 32: Global Recreation Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 33: Global Recreation Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 34: Global Military Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 35: Global Military Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 36: Global Military Segment Y-o-Y Growth Rate, By Region, 2018-2033
FIG. 37: North America Market Value (US$ Mn), By Country 2018-2022
FIG. 38: North America Market Value (US$ Mn), By Country 2023-2033
FIG. 39: North America Market Value (US$ Mn), By Vehicle Type 2018-2022
FIG. 40: North America Market Value (US$ Mn), By Vehicle Type 2023-2033
FIG. 41: North America Market Value (US$ Mn), By Fuel 2018-2022
FIG. 42: North America Market Value (US$ Mn), By Fuel 2023-2033
FIG. 43: North America Market Value (US$ Mn), By Application 2018-2022
FIG. 44: North America Market Value (US$ Mn), By Application 2023-2033
FIG. 45: Latin America Market Value (US$ Mn), By Country 2018-2022
FIG. 46: Latin America Market Value (US$ Mn), By Country 2023-2033
FIG. 47: Latin America Market Value (US$ Mn), By Vehicle Type 2018-2022
FIG. 48: Latin America Market Value (US$ Mn), By Vehicle Type 2023-2033
FIG. 49: Latin America Market Value (US$ Mn), By Fuel 2018-2022
FIG. 50: Latin America Market Value (US$ Mn), By Fuel 2023-2033
FIG. 51: Latin America Market Value (US$ Mn), By Application 2018-2022
FIG. 52: Latin America Market Value (US$ Mn), By Application 2023-2033
FIG. 53: Europe Market Value (US$ Mn), By Country 2018-2022
FIG. 54: Europe Market Value (US$ Mn), By Country 2023-2033
FIG. 55: Europe Market Value (US$ Mn), By Vehicle Type 2018-2022
FIG. 56: Europe Market Value (US$ Mn), By Vehicle Type 2023-2033
FIG. 57: Europe Market Value (US$ Mn), By Fuel 2018-2022
FIG. 58: Europe Market Value (US$ Mn), By Fuel 2023-2033
FIG. 59: Europe Market Value (US$ Mn), By Application 2018-2022
FIG. 60: Europe Market Value (US$ Mn), By Application 2023-2033
FIG. 61: Japan Market Value (US$ Mn), By Country 2018-2022
FIG. 62: Japan Market Value (US$ Mn), By Country 2023-2033
FIG. 63: Japan Market Value (US$ Mn), By Vehicle Type 2018-2022
FIG. 64: Japan Market Value (US$ Mn), By Vehicle Type 2023-2033
FIG. 65: Japan Market Value (US$ Mn), By Application 2018-2022
FIG. 66: Japan Market Value (US$ Mn), By Fuel 2023-2033
FIG. 67: Japan Market Value (US$ Mn), By Application 2018-2022
FIG. 68: Japan Market Value (US$ Mn), By Application 2023-2033
FIG. 69: APEJ Market Value (US$ Mn), By Country 2018-2022
FIG. 70: APEJ Market Value (US$ Mn), By Country 2023-2033
FIG. 71: APEJ Market Value (US$ Mn), By Vehicle Type 2018-2022
FIG. 72: APEJ Market Value (US$ Mn), By Vehicle Type 2023-2033
FIG. 73: APEJ Market Value (US$ Mn), By Fuel 2018-2022
FIG. 74: APEJ Market Value (US$ Mn), By Fuel 2023-2033
FIG. 75: APEJ Market Value (US$ Mn), By Application 2018-2022
FIG. 76: APEJ Market Value (US$ Mn), By Application 2023-2033
FIG. 77: MEA Market Value (US$ Mn), By Country 2018-2022
FIG. 78: MEA Market Value (US$ Mn), By Country 2023-2033
FIG. 79: MEA Market Value (US$ Mn), By Vehicle Type 2018-2022
FIG. 80: MEA Market Value (US$ Mn), By Vehicle Type 2023-2033
FIG. 81: MEA Market Value (US$ Mn), By Fuel 2018-2022
FIG. 82: MEA Market Value (US$ Mn), By Fuel 2023-2033
FIG. 83: MEA Market Value (US$ Mn), By Application 2018-2022
FIG. 84: MEA Market Value (US$ Mn), By Application 2023-2033
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- FAQs -
What was the size of the off-road vehicle market in 2022?
The global off-road vehicle market reached a value of US$ 20.1 billion in 2022.
What were the sales of off-road vehicles in North America in 2022?
Sales of off-road vehicles in North America reached US$ 12.1 billion in 2022.
What is the demand projection for off-road vehicles in 2023?
The market for off-road vehicles is estimated at US$ 21.73 billion in 2023.
At what rate is the demand for off-road vehicles projected to increase?
Demand for off-road vehicles is predicted to rise at a CAGR of 8.1% through 2033.
What is the forecasted valuation of the global market for 2033?
The off-road vehicle market is set to reach US$ 47.4 billion by the end of 2033.
What is the sales projection for electric propulsion-based off-road vehicles?
Sales of electric propulsion-based off-road vehicles are forecasted to reach US$ 16.1 billion by 2033-end.
What is the demand growth projection for all-terrain vehicles?
Demand for all-terrain vehicles is predicted to rise at 8.1% CAGR from 2023 to 2033.
Off-Road Vehicle Market