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
Market Outlook, Segmentation and Statistics
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
