Off-road vehicles are primarily used for off-road driving. Off-road vehicles can be categorized into three segments—Monster Truck, stadium truck and utility terrain vehicle (UTV). The off-road vehicle market is expected to grow at a CAGR of 3.1% during the forecast period from 2021 to 2030.
Monster trucks are typically used for off-road racing and performing stunts. Popular examples of Monster Trucks are Grave Digger, El Toro Loco, Maximum Destruction. Monster truck is the fastest growing segment in the off-road vehicle market. The market for Monster Truck is expected to grow at a CAGR of 4.2% during the forecast period from 2021 to 2030 and reach USD 571 million by 2030 from USD 129 million in 2016. Growth in this segment can be attributed to rising popularity among enthusiasts, increasing popularity of car shows & motorsports events that showcase monster trucks as well as availability of digital games that have made this sport popular among youngsters.
Stadium trucks are primarily designed for stunt driving on ramps or other objects such as cars, buses or logs with an emphasis on speed rather than obstacles as seen in off-road racing events such as Crandon International Offshore Powerboat Races or Global Rallycross Championship Series races. The advent of electric engines has also played a major role in driving this market, as they offer improved fuel efficiency over traditional diesel engines.
Key opportunities for manufacturers in the off-road vehicle market are focused on developing vehicles that are capable of performing well on all types of terrain and offering safety features such as anti-lock brake system (ABS) with electronic brakeforce distribution (EBD), electronic stability control (ESC) and airbags that ensure occupant protection.
Industry Growth Insights published a new data on “Off Road Vehicle Market”. The research report is titled “Off Road Vehicle Market research by Types (All-Terrain Vehicle, Utility Terrain Vehicle), By Applications (Agriculture, Entertainment, Military, Sports, Others), By Players/Companies Arctic Cat Inc., BRP Inc., Honda Motors. Co., Ltd., John Deere, Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors, Yamaha Motors Co., Ltd.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Off Road Vehicle Market Research Report
By Type
All-Terrain Vehicle, Utility Terrain Vehicle
By Application
Agriculture, Entertainment, Military, Sports, Others
By Companies
Arctic Cat Inc., BRP Inc., Honda Motors. Co., Ltd., John Deere, Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors, Yamaha Motors Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Off Road Vehicle Market Report Segments:
The global Off Road Vehicle market is segmented on the basis of:
Types
All-Terrain Vehicle, Utility Terrain Vehicle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Entertainment, Military, Sports, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arctic Cat Inc.
- BRP Inc.
- Honda Motors. Co., Ltd.
- John Deere
- Kawasaki Motors Corp.
- Kubota Corporation
- Polaris Industries Inc.
- Suzuki Motors
- Yamaha Motors Co., Ltd.
Highlights of The Off Road Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- All-Terrain Vehicle
- Utility Terrain Vehicle
- By Application:
- Agriculture
- Entertainment
- Military
- Sports
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off Road Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An off-road vehicle is a type of four-wheel drive vehicle that is designed for use on unpaved roads and other difficult surfaces.
Some of the major players in the off road vehicle market are Arctic Cat Inc., BRP Inc., Honda Motors. Co., Ltd., John Deere, Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors, Yamaha Motors Co., Ltd..
The off road vehicle market is expected to register a CAGR of 3.1%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Off Road Vehicle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Off Road Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Off Road Vehicle Market - Supply Chain
4.5. Global Off Road Vehicle Market Forecast
4.5.1. Off Road Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Off Road Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Off Road Vehicle Market Absolute $ Opportunity
5. Global Off Road Vehicle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Off Road Vehicle Market Size and Volume Forecast by Type
5.3.1. All-Terrain Vehicle
5.3.2. Utility Terrain Vehicle
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Off Road Vehicle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Off Road Vehicle Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Entertainment
6.3.3. Military
6.3.4. Sports
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Off Road Vehicle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Off Road Vehicle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Off Road Vehicle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Off Road Vehicle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Off Road Vehicle Demand Share Forecast, 2019-2026
9. North America Off Road Vehicle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Off Road Vehicle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Off Road Vehicle Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Entertainment
9.4.3. Military
9.4.4. Sports
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Off Road Vehicle Market Size and Volume Forecast by Type
9.7.1. All-Terrain Vehicle
9.7.2. Utility Terrain Vehicle
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Off Road Vehicle Demand Share Forecast, 2019-2026
10. Latin America Off Road Vehicle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Off Road Vehicle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Off Road Vehicle Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Entertainment
10.4.3. Military
10.4.4. Sports
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Off Road Vehicle Market Size and Volume Forecast by Type
10.7.1. All-Terrain Vehicle
10.7.2. Utility Terrain Vehicle
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Off Road Vehicle Demand Share Forecast, 2019-2026
11. Europe Off Road Vehicle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Off Road Vehicle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Off Road Vehicle Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Entertainment
11.4.3. Military
11.4.4. Sports
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Off Road Vehicle Market Size and Volume Forecast by Type
11.7.1. All-Terrain Vehicle
11.7.2. Utility Terrain Vehicle
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Off Road Vehicle Demand Share, 2019-2026
12. Asia Pacific Off Road Vehicle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Off Road Vehicle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Off Road Vehicle Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Entertainment
12.4.3. Military
12.4.4. Sports
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Off Road Vehicle Market Size and Volume Forecast by Type
12.7.1. All-Terrain Vehicle
12.7.2. Utility Terrain Vehicle
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Off Road Vehicle Demand Share, 2019-2026
13. Middle East & Africa Off Road Vehicle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Off Road Vehicle Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Off Road Vehicle Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Entertainment
13.4.3. Military
13.4.4. Sports
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Off Road Vehicle Market Size and Volume Forecast by Type
13.7.1. All-Terrain Vehicle
13.7.2. Utility Terrain Vehicle
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Off Road Vehicle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Off Road Vehicle Market: Market Share Analysis
14.2. Off Road Vehicle Distributors and Customers
14.3. Off Road Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arctic Cat Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BRP Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Honda Motors. Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. John Deere
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kawasaki Motors Corp.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kubota Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Polaris Industries Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Suzuki Motors
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamaha Motors Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
