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Electric Off-Road Vehicles Market Share

  • Report ID: GMI5050
  • Published Date: Dec 2024
  • Report Format: PDF

Electric Off-Road Vehicles Market Share

KTM, Polaris, and Zero Motorcycles hold a market share of around 35% in the electric off-road vehicles industry. KTM has been developing high-performance electric motorcycles to cater to both competitive riders and recreational enthusiasts. They focus on integrating cutting-edge battery and motor technology, ensuring optimal performance for off-road conditions, and expanding their presence in eco-friendly motorsports.
 

Polaris has ventured into the electric market with models such as the Ranger XP Kinetic. Polaris emphasizes versatility by combining electric power with its signature rugged design, making these vehicles suitable for both recreational and commercial use. The company also invests in research and development to enhance battery capacity and charging infrastructure, aiming to provide a seamless off-road experience.
 

Zero Motorcycles is focusing on expanding its electric off-road vehicle range, such as the FX series. They are known for their strong emphasis on performance, offering powerful electric motors, long battery life, and reduced maintenance, ensuring their vehicles cater to off-road enthusiasts seeking adventure without compromising power.
 

Electric Off-Road Vehicles Market Companies

Major players operating in the electric off-road vehicles industry include:

  • Alke
  • American Landmaster
  • Daymak
  • Deere
  • Hisun
  • Intimidator
  • KTM
  • Polaris
  • TACITA
  • Zero Motorcycles
Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric off-road vehicles reached USD 190.5 million in 2024 and is set to grow at a 14.7% CAGR from 2025 to 2034, driven by increasing demand for environmentally sustainable solutions.

The sports segment held approximately 43% of the market share in 2024, supported by advancements in battery capacity and charging speed, enabling better performance in challenging terrains.

The U.S. market contributed 80% of the revenue share in 2024, led by growing environmental concerns and the demand for cleaner, quieter off-road experiences.

The key players in the industry include Alke, American Landmaster, Daymak, Deere, Hisun, Intimidator, KTM, Polaris, TACITA, and Zero Motorcycles.

Electric Off-Road Vehicles Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 18
  • Pages: 180
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