Global Off-Road Vehicle Market Analysis, 2020

Global Off-Road Vehicle Market Analysis, 2020

By Vehicle Type (All terrain vehicles, side by side vehicles, off road motorcycles), By Product Type (Utility Vehicle, Sports Vehicle, Youth Vehicle, Recreation/ Utility Vehicle), By Application ( Spo Read more

  • Automotive
  • Nov 2019
  • 180
  • AT66004

Off-Road Vehicles are used for farming, adventure driving, and for those who love driving in muddy areas. They have tires with deep suspension that can be run on rugged surfaces. According to the MarkNtel Advisors’ research report titled “Global Off-Road Vehicles Market Analysis, 2020”, the CAGR is projected to be around 5.8% during 2020-25 owing to the increased industrialization and recreational activities in North America and Europe.  A growing need for a higher number of sports activities coupled with low emission of fuel and low maintenance cost is anticipated to show positive growth for the market during 2020-25. 

 

Report Coverage Details
Study Period   Historical Data: 2015-19
  Base Year: 2019
  Forecast Period: 2020-25
Regions Covered   North America
  Europe
  Asia-Pacific
  South America
  Middle East & Africa
Unit Denominations   USD Million/Billion & Thousand Units

Usage of high-end Technology in off-road vehicles

North America dominated the market of global off-road vehicles in 2019. The US alone acts as a significant growth factor for the market of off-road vehicles and captured a share of around 60% of the global off-road vehicle sales in 2018.

Moreover, the manufacturers of off-road vehicles have a wide distribution channel and dealership network catering to rise the demand for all-terrain vehicles and side by side vehicles. Research and development is conducted for the off-road vehicles emphasizing on reducing the excessive sound from the engines. Polaris Industries initiated to develop hybrid off-road vehicles, a hybrid utility vehicle based on Polaris MRZR 4 with improved power and noise damping capabilities. This would further stimulate the demand for off-road vehicles during 2020-25.

The major leaders in Global Off-Road Vehicle market are Honda Motor, Yamaha Motor Co., Kubota Corporation, Kwang Yang Motor co., Arctic Cat Inc., Polaris Industries, Bombardier Recreational Products, Deere & Company, Caterpillar and Kassbohrer Gelandefahrzeug, among others, as stated by MarkNtel Advisors in their research report “Global Off- Road Vehicles Market Analysis, 2020”.

 

Key Questions Answered in the Market Research Report 

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Off Road Vehicle Market?
  2. What are the region wise industry size, growth drivers and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Off Road Vehicle Market?  
  4. Who are the key competitors or market players and how they perform in Global Off Road Vehicle Market on the basis of competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the course of Global Off Road Vehicle Market study?   

Market Outlook, Segmentation and Statistics 

  • Market Potential & Analysis
    • Market Revenue
    • Units Sold
  • Market Segmentation & Analysis
    • By Vehicle Type
      • All-Terrain Vehicle
      • Side by side Vehicles
      • Off road vehicles
    • By Product Type
      • Utility Vehicle
      • Sports Vehicle
      • Youth Vehicle
      • Recreation/ Utility Vehicle
    • By Application
      • Sports
      • Entertainment
      • Agriculture
      • Hunting
      • Military
      • Others
    •  By Region
      • North America
        • United states
        • Canada
        • Mexico
      • South America
        • Brazil
        • Argentina
        • Colombia
      • Europe
        • France
        • Germany
        • Italy
        • Spain
        • Russia
        • United Kingdom
      • Middle East 
        • Saudi Arabia
        • UAE
        • Qatar
        • Africa
        • South Africa
      • Asia-Pacific
        • China
        • India
        • Japan
        • South Korea
        • Australia
        • New-Zealand
      • By Company
        • Revenue Shares
        • Strategic Factorial Indexing
        • Competitor Placement in Markntel Quadrant
  • Global Off Road Vehicle Market Policies, Regulations, Product Standards
  • Global Off Road Vehicle Market Hotspot and Opportunities
  • Global Off Road Vehicle Market Key Strategic Imperatives for Success and Growth

Frequently Asked Questions 

Q. What would be the growth rate or CAGR of Global Off Road Vehicle Market during 2020-25?
A. The market size of Global Off Road Vehicle market during 2020-25 is forecast to be around 5.8%.

Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with majority market share, with market size registering considerably higher CAGR.

Q. Who are the key competitors or players operating in Global Off Road Vehicle Market? 
A. Honda Motor, Yamaha Motor Co., Kubota Corporation, Kwang Yang Motor co., Arctic Cat Inc., Polaris Industries, Bombardier Recreational Products, Deere & Company, Caterpillar and Kassbohrer Gelandefahrzeug are few of the leading players in the Global Off Road Vehicle Market.

Q. Does the report scope cover Global Off Road Vehicle type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Off Road Vehicle type and region wise statistics such as market size, market segmentation based on various subcategories.

Q. Which Application type segment would emerge as an opportunity area for players in Global Off Road Vehicle Market? 
A. Sports and Agriculture segment continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Off Road Vehicle Market

1. Introduction

1.1. Product Definition

1.2. Research Process

1.3. Assumptions

1.4. Market Segmentation

2. Executive Summary

3. Expert Verbatim- What our Experts Say?

4. Global Off Road Vehicle Market Voice of Customer

4.1. Brand Awareness

4.2. End User Expectation

4.3. Key Factors Impacting Vendor Selection

4.4. Key Issues Encountered

4.5. Vendor’s Receptiveness to Address Key Customer Issues

4.6. Future Requirements

5. Global Off Road Vehicle Market Analysis, 2015-2025F

5.1. Market Potential & Analysis

5.1.1. Market Revenue

5.1.2. Units Sold

5.2. Market Segmentation & Analysis

5.2.1. By Vehicle Type

5.2.1.1. All-Terrain Vehicle

5.2.1.2. Side by side Vehicles

5.2.1.3. Off road vehicles

5.2.2. By Product Type

5.2.2.1. Utility Vehicle

5.2.2.2. Sports Vehicle

5.2.2.3. Youth Vehicle

5.2.2.4. Recreation/ Utility Vehicle

5.2.3. By Application

5.2.3.1. Sports

5.2.3.2. Entertainment

5.2.3.3. Agriculture

5.2.3.4. Hunting

5.2.3.5. Military

5.2.3.6. Others

5.2.4. By Region

5.2.4.1. North America

5.2.4.2. South America

5.2.4.3. Europe

5.2.4.4. Middle East

5.2.4.5. Africa

5.2.4.6. Asia-Pacific

5.2.5. By Company

5.2.5.1. Revenue Shares

5.2.5.2. Strategic Factorial Indexing

5.2.5.3. Competitor Placement in MarkNtel Quadrant

6. North America Off Road Vehicles Market Analysis, 2015-2025F

6.1. Market Potential & Analysis

6.1.1. Market Revenue

6.1.2. Units Sold

6.2. Market Segmentation & Analysis

6.2.1. By Technology

6.2.2. By Sales Channel

6.2.3. By Vehicle Type

6.2.4. By Country

6.2.4.1. United States

6.2.4.2. Canada

6.2.4.3. Mexico

6.3. United States Off Road Vehicles Market Analysis, 2015-2025F

6.3.1. Market Potential & Analysis

6.3.1.1. Market Revenue

6.3.1.2. Units Sold

6.3.2. Market Segmentation & Analysis

6.3.2.1. By Technology

6.3.2.2. By Sales Channel

6.3.2.3. By Vehicle Type

6.4. Canada Off Road Vehicles Market Analysis, 2015-2025F

6.4.1. Market Potential & Analysis

6.4.1.1. Market Revenue

6.4.1.2. Units Sold

6.4.2. Market Segmentation & Analysis

6.4.2.1. By Technology

6.4.2.2. By Sales Channel

6.4.2.3. By Vehicle Type

6.5. Mexico Off Road Vehicles Market Analysis, 2015-2025F

6.5.1. Market Potential & Analysis

6.5.1.1. Market Revenue

6.5.1.2. Units Sold

6.5.2. Market Segmentation & Analysis

6.5.2.1. By Technology

6.5.2.2. By Sales Channel

6.5.2.3. By Vehicle Type

7. South America Off Road Vehicles Market Analysis, 2015-2025F

7.1. Market Potential & Analysis

7.1.1. Market Revenue

7.1.2. Units Sold

7.2. Market Segmentation & Analysis

7.2.1. By Technology

7.2.2. By Sales Channel

7.2.3. By Vehicle Type

7.2.4. By Country

7.2.4.1. Brazil

7.2.4.2. Argentina

7.2.4.3. Colombia

7.3. Argentina Off Road Vehicles Market Analysis, 2015-2025F

7.3.1. Market Potential & Analysis

7.3.1.1. Market Revenue

7.3.1.2. Units Sold

7.3.2. Market Segmentation & Analysis

7.3.2.1. By Technology

7.3.2.2. By Sales Channel

7.3.2.3. By Vehicle Type

7.4. Brazil Off Road Vehicles Market Analysis, 2015-2025F

7.4.1. Market Potential & Analysis

7.4.1.1. Market Revenue

7.4.1.2. Units Sold

7.4.2. Market Segmentation & Analysis

7.4.2.1. By Technology

7.4.2.2. By Sales Channel

7.4.2.3. By Vehicle Type

7.5. Colombia Off Road Vehicles Market Analysis, 2015-2025F

7.5.1. Market Potential & Analysis

7.5.1.1. Market Revenue

7.5.1.2. Units Sold

7.5.2. Market Segmentation & Analysis

7.5.2.1. By Technology

7.5.2.2. By Sales Channel

7.5.2.3. By Vehicle Type

8. Europe Off Road Vehicles Market Analysis, 2015-2025F

8.1. Market Potential & Analysis

8.1.1. Market Revenue

8.1.2. Units Sold

8.2. Market Segmentation & Analysis

8.2.1. By Technology

8.2.2. By Sales Channel

8.2.3. By Vehicle Type

8.2.4. By Country

8.2.4.1. France

8.2.4.2. Germany

8.2.4.3. Italy

8.2.4.4. Spain

8.2.4.5. United Kingdom

8.2.4.6. Russia

8.3. France Off Road Vehicles Market Analysis, 2015-2025F

8.3.1. Market Potential & Analysis

8.3.1.1. Market Revenue

8.3.1.2. Units Sold

8.3.2. Market Segmentation & Analysis

8.3.2.1. By Technology

8.3.2.2. By Sales Channel

8.3.2.3. By Vehicle Type

8.4. Germany Off Road Vehicles Market Analysis, 2015-2025F

8.4.1. Market Potential & Analysis

8.4.1.1. Market Revenue

8.4.1.2. Units Sold

8.4.2. Market Segmentation & Analysis

8.4.2.1. By Technology

8.4.2.2. By Sales Channel

8.4.2.3. By Vehicle Type

8.5. Italy Off Road Vehicles Market Analysis, 2015-2025F

8.5.1. Market Potential & Analysis

8.5.1.1. Market Revenue

8.5.1.2. Units Sold

8.5.2. Market Segmentation & Analysis

8.5.2.1. By Technology

8.5.2.2. By Sales Channel

8.5.2.3. By Vehicle Type

8.6. Spain Off Road Vehicles Market Analysis, 2015-2025F

8.6.1. Market Potential & Analysis

8.6.1.1. Market Revenue

8.6.1.2. Units Sold

8.6.2. Market Segmentation & Analysis

8.6.2.1. By Technology

8.6.2.2. By Sales Channel

8.6.2.3. By Vehicle Type

8.7. United Kingdom Off Road Vehicles Market Analysis, 2015-2025F

8.7.1. Market Potential & Analysis

8.7.1.1. Market Revenue

8.7.1.2. Units Sold

8.7.2. Market Segmentation & Analysis

8.7.2.1. By Technology

8.7.2.2. By Sales Channel

8.7.2.3. By Vehicle Type

8.8. Russia Off Road Vehicles Market Analysis, 2015-2025F

8.8.1. Market Potential & Analysis

8.8.1.1. Market Revenue

8.8.1.2. Units Sold

8.8.2. Market Segmentation & Analysis

8.8.2.1. By Technology

8.8.2.2. By Sales Channel

8.8.2.3. By Vehicle Type

8.8.2.4.  

9. Middle East Off Road Vehicles Market Analysis, 2015-2025F

9.1. Market Potential & Analysis

9.1.1. Market Revenue

9.1.2. Units Sold

9.2. Market Segmentation & Analysis

9.2.1. By Technology

9.2.2. By Sales Channel

9.2.3. By Vehicle Type

9.2.4. By Country

9.2.4.1. Saudi Arabia

9.2.4.2. UAE

9.2.4.3. Qatar

9.3. Saudi Arabia Off Road Vehicles Market Analysis, 2015-2025F

9.3.1. Market Potential & Analysis

9.3.1.1. Market Revenue

9.3.1.2. Units Sold

9.3.2. Market Segmentation & Analysis

9.3.2.1. By Technology

9.3.2.2. By Sales Channel

9.3.2.3. By Vehicle Type

9.4. UAE Off Road Vehicles Market Analysis, 2015-2025F

9.4.1. Market Potential & Analysis

9.4.1.1. Market Revenue

9.4.1.2. Units Sold

9.4.2. Market Segmentation & Analysis

9.4.2.1. By Technology

9.4.2.2. By Sales Channel

9.4.2.3. By Vehicle Type

9.5. Qatar Off Road Vehicles Market Analysis, 2015-2025F

9.5.1. Market Potential & Analysis

9.5.1.1. Market Revenue

9.5.1.2. Units Sold

9.5.2. Market Segmentation & Analysis

9.5.2.1. By Technology

9.5.2.2. By Sales Channel

9.5.2.3. By Vehicle Type

10.  Africa Off Road Vehicles Market Analysis, 2015-2025F

10.1.  Market Potential & Analysis

10.1.1. Market Revenue

10.1.2. Units Sold

10.2.  Market Segmentation & Analysis

10.2.1. By Technology

10.2.2. By Sales Channel

10.2.3. By Vehicle Type

10.2.4. By Country

10.2.4.1. South Africa

10.3.  South Africa Off Road Vehicles Market Analysis, 2015-2025F

10.3.1. Market Potential & Analysis

10.3.1.1. Market Revenue

10.3.1.2. Units Sold

10.3.2. Market Segmentation & Analysis

10.3.2.1. By Technology

10.3.2.2. By Sales Channel

10.3.2.3. By Vehicle Type

11.  Asia-Pacific Off Road Vehicles Market Analysis, 2015-2025F

11.1.  Market Potential & Analysis

11.1.1. Market Revenue

11.1.2. Units Sold

11.2.  Market Segmentation & Analysis

11.2.1. By Technology

11.2.2. By Sales Channel

11.2.3. By Vehicle Type

11.2.4. By Country

11.2.4.1. China

11.2.4.2. India

11.2.4.3. Japan

11.2.4.4. South Korea

11.2.4.5. Australia

11.2.4.6. New-Zealand

11.3. China Off Road Vehicles Market Analysis, 2015-2025F

11.3.1. Market Potential & Analysis

11.3.1.1. Market Revenue

11.3.1.2. Units Sold

11.3.2. Market Segmentation & Analysis

11.3.2.1. By Technology

11.3.2.2. By Sales Channel

11.3.2.3. By Vehicle Type

11.4. India Off Road Vehicles Market Analysis, 2015-2025F

11.4.1. Market Potential & Analysis

11.4.1.1. Market Revenue

11.4.1.2. Units Sold

11.4.2. Market Segmentation & Analysis

11.4.2.1. By Technology

11.4.2.2. By Sales Channel

11.4.2.3. By Vehicle Type

11.5. Japan Off Road Vehicles Market Analysis, 2015-2025F

11.5.1. Market Potential & Analysis

11.5.1.1. Market Revenue

11.5.1.2. Units Sold

11.5.2. Market Segmentation & Analysis

11.5.2.1. By Technology

11.5.2.2. By Sales Channel

11.5.2.3. By Vehicle Type

11.6. South Korea Off Road Vehicles Market Analysis, 2015-2025F

11.6.1. Market Potential & Analysis

11.6.1.1. Market Revenue

11.6.1.2. Units Sold

11.6.2. Market Segmentation & Analysis

11.6.2.1. By Technology

11.6.2.2. By Sales Channel

11.6.2.3. By Vehicle Type

11.7. Australia Off Road Vehicles Market Analysis, 2015-2025F

11.7.1. Market Potential & Analysis

11.7.1.1. Market Revenue

11.7.1.2. Units Sold

11.7.2. Market Segmentation & Analysis

11.7.2.1. By Technology

11.7.2.2. By Sales Channel

11.7.2.3. By Vehicle Type

11.8. New-Zealand Off Road Vehicles Market Analysis, 2015-2025F

11.8.1. Market Potential & Analysis

11.8.1.1. Market Revenue

11.8.1.2. Units Sold

11.8.2. Market Segmentation & Analysis

11.8.2.1. By Technology

11.8.2.2. By Sales Channel

11.8.2.3. By Vehicle Type

12.  Global Off Road Vehicles Market Policies, Regulations, Product Standards

13.  Global Off Road Vehicles Market Trends & Insights

14.  Global Off Road Vehicles Market Dynamics

14.1. Growth Drivers

14.2. Challenges

14.3. Impact Analysis

15.  Global Off Road Vehicles Market Hotspot & Opportunities

16.  Global Off Road Vehicles Market Key Strategic Imperatives for Success & Growth

17.  Competition Outlook

17.1.  Competition Matrix

17.1.1. Product Portfolio

17.1.2. Brand Specialization

17.1.3. Target Markets

17.1.4. Target End Users

17.1.5. Research & Development

17.1.6. Strategic Alliances

17.1.7. Strategic Initiatives

17.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

17.2.1. Honda Motor

17.2.2. Yamaha Motor Co.

17.2.3. Kubota Corporation

17.2.4. Kwang Yang Motor co.

17.2.5. Arctic Cat Inc.

17.2.6. Polaris Industries

17.2.7. Bombardier Recreational Products

17.2.8. Deere & Company

17.2.9. Caterpillar

17.2.10.  Kassbohrer Gelandefahrzeug

18.  Disclaimer

Global Off Road Vehicle Market Segmentation