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Off-Road Vehicles Market Share

Report ID: GMI2321
Published Date: Dec 2022
Report Format: PDF

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Off-Road Vehicles Market Share

Major players in the highly-competitive off-road vehicles industry are:

Honda Motors
Polaris Industries
Yamaha Motor Corporation
BRP
Kawasaki Motors Corporation

To improve their market share, many firms are working towards advancing product design and improving configuration and after-sales services.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of off-road vehicles registered nearly USD 20 billion revenue in 2022 and is anticipated to grow at over 8% CAGR between 2023 to 2032, owing to the expansion of the electric off-road vehicles industry in Europe.

The electric off-road vehicles industry is projected to observe 17% growth through 2032, driven by the growing popularity of electric alternatives in vehicles in order to reduce greenhouse gas emissions and pollution globally.

The North America off-road vehicles industry is expected to cross a valuation of USD 12 billion by 2032, on the account of higher participation in recreational activities, including off-roading, in the region compared to others.

Some of the major players in the competitive scenario are BRP, Kawasaki Motors Corporation, Honda Motors, Yamaha Motor Corporation, and Polaris Industries.