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Electric Off-Road Vehicles Market Share

Report ID: GMI5050
Published Date: Mar 2023
Report Format: PDF

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Electric Off-Road Vehicles Market Share

Some of the prominent participants operating in electric off-road vehicle business scenario are:

American Landmaster
Daymak Inc.
Ecocharger Quad Bikes
Evolet
HuntVe
Intimidator Inc.
Alke S.r.l
DRR USA
and Electric Motion

Many of these firms are emphasizing product innovations to sustain their industry position as the market transitions to electric vehicles.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric off-road vehicle surpassed USD 100 million and is anticipated to grow at 12% CAGR from 2023 to 2032, on account of growing investments by OEMs towards new product innovations.

The electric off-road vehicle industry from the off-road motorcycle segment is poised to cross a valuation of USD 90 million by 2032, owing to increasing consumer shift towards electric dirt bikes.

The North America electric off-road vehicle industry size was valued at USD 50 million in 2022, driven by rising inclination of people towards recreational activities and the region is likely to emerge as a key growth hub.

The major participants in the electric off-road vehicle competitive landscape include names such as Vanderhall Motorworks, KTM AG, Polaris Inc, Volcon, John Deere, and TACITA S.r.l, among others.