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Global Off-Road Vehicles Market Size study, by Displacement (less than 400 cc, 400 to 800 cc, more than 800 cc) End User Vertical (Agriculture, Military, Sports, Others) Vehicle Type (ATV, UTV, Snowmobiles, NEV) and Regional Forecasts 2021-2027

August 2021 | 222 pages | ID: GD62C2A72106EN
Bizwit Research & Consulting LLP

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Global Off-Road Vehicles Market is valued approximately USD 14 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.12% over the forecast period 2021-2027. An off-road vehicle is a sort of mobility solution that can go on both public highways and difficult terrain. Open treads, wide tyre with deep treads, and a flexible suspension are all features of off-road vehicles. To meet operating requirements, the majority of off-road vehicles are equipped with four-wheel drive (4WD) or all-wheel drive (AWD). Moreover, Off-road vehicles also have a wide range of uses in the areas of cargo transport, agricultural applications, and passenger transportation. Electric-powered off-road vehicles have gained popularity in recent years due to their fuel-efficiency and great noise reduction. For better safety, off-road vehicle use is governed by strict government laws and regulations. The off-road vehicle market is anticipated to develop due to factors such as the growing popularity of leisure activities and adventure sports, as well as the increased penetration of AWD and 4WD cars. However, high maintenance costs of off-road vehicles and a prohibition on ATV and UTV driving in wildlife areas owing to terrain damage limit market development. On the other hand, the development of electric off-road vehicles and the expansion of dealer networks to ensure effective product reach are expected to provide attractive growth possibilities for market participants. For instance, Yamaha introduced their latest ATV models, the Grizzly 2021 and Kodiak 700 and 450 variants, in September 2020. The Grizzly 90 in Armor Gray (USD 3,099 MSRP), Raptor 90 in Team Yamaha Blue and White (USD 3,099 MSRP), and YFZ50 in Team Yamaha Blue and White are among the new models for 2021. (USD 2,199 MSRP).

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Off-Road Vehicles market. Along with rising consumer demand in the area, North America is anticipated to remain the largest market for off-road vehicles, followed by Europe. The off-road vehicle market in Asia-Pacific is anticipated to develop at the quickest rate, owing to high adoption rates and a rising automotive industry, which would lead to increasing manufacturing of off-road vehicles, particularly in China and India.

Major market player included in this report are:
BRP Inc.
CFMOTO
Deere & Company
Honda Motor Co. Ltd.
Kawasaki Heavy Industries Ltd.
KUBOTA Corporation
Mahindra & Mahindra Limited
Polaris Inc.
Textron Inc.
Yamaha Motor Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Displacement:
Less than 400 (cc)
400 to 800 (cc)
More than 800 (cc)
By Vehicle Type:
ATV
UTV
Snowmobiles
NEV
By End User Vertical:
Agriculture
Military
Sports
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Off-Road Vehicles Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
  1.2.1. Off-road Vehicle Market, by Region, 2019-2027 (USD Billion)
  1.2.2. Off-road Vehicle Market, by Displacement, 2019-2027 (USD Billion)
  1.2.3. Off-road Vehicle Market, by End User Vertical, 2019-2027 (USD Billion)
  1.2.4. Off-road Vehicle Market, by Vehicle Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL OFF-ROAD VEHICLE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL OFF-ROAD VEHICLE MARKET DYNAMICS

3.1. Off-road Vehicle Market Impact Analysis (2019-2027)
  3.1.1. Market Drivers
    3.1.1.1. Rising trend of recreational activities and adventures sports
    3.1.1.2. Increase in penetration of 4WD and AWD vehicles
  3.1.2. Market Challenges
    3.1.2.1. High cost of maintenance
    3.1.2.2. Ban on ATV and UTV driving in wildlife area due to terrain damage
  3.1.3. Market Opportunities
    3.1.3.1. Development of electric powered off-road vehicles
    3.1.3.2. Expansion of dealer network for effective product reach

CHAPTER 4. GLOBAL OFF-ROAD VEHICLE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL OFF-ROAD VEHICLE MARKET, BY DISPLACEMENT

5.1. Market Snapshot
5.2. Global Off-road Vehicle Market by Displacement, Performance - Potential Analysis
5.3. Global Off-road Vehicle Market Estimates & Forecasts by Displacement 2018-2027 (USD Billion)
5.4. Off-road Vehicle Market, Sub Segment Analysis
  5.4.1. Less than 400 cc
  5.4.2. 400 to 800 cc
  5.4.3. More than 800 cc

CHAPTER 6. GLOBAL OFF-ROAD VEHICLE MARKET, BY END USER VERTICAL,

6.1. Market Snapshot
6.2. Global Off-road Vehicle Market by End User Vertical, Performance-Potential Analysis
6.3. Global Off-road Vehicle Market Estimates & Forecasts by End User Vertical, 2018-2027 (USD Billion)
6.4. Off-road Vehicle Market, Sub Segment Analysis
  6.4.1. Agriculture
  6.4.2. Military
  6.4.3. Sports
  6.4.4. Others

CHAPTER 7. GLOBAL OFF-ROAD VEHICLE MARKET, BY VEHICLE TYPE,

7.1. Market Snapshot
7.2. Global Off-road Vehicle Market by Vehicle Type, Performance-Potential Analysis
7.3. Global Off-road Vehicle Market Estimates & Forecasts by Vehicle Type, 2018-2027 (USD Billion)
7.4. Off-road Vehicle Market, Sub Segment Analysis
  7.4.1. ATV
  7.4.2. UTV
  7.4.3. Snowmobiles
  7.4.4. NEV

CHAPTER 8. GLOBAL OFF-ROAD VEHICLE MARKET, REGIONAL ANALYSIS

8.1. Off-road Vehicle Market, Regional Market Snapshot
8.2. North America Off-road Vehicle Market
  8.2.1. U.S. Off-road Vehicle Market
    8.2.1.1. Displacement breakdown estimates & forecasts, 2018-2027
    8.2.1.2. End User Vertical breakdown estimates & forecasts, 2018-2027
    8.2.1.3. Vehicle Type breakdown estimated & forecasts, 2018-2027
  8.2.2. Canada Off-road Vehicle Market
8.3. Europe Off-road Vehicle Market Snapshot
  8.3.1. U.K. Off-road Vehicle Market
  8.3.2. Germany Off-road Vehicle Market
  8.3.3. France Off-road Vehicle Market
  8.3.4. Spain Off-road Vehicle Market
  8.3.5. Italy Off-road Vehicle Market
  8.3.6. Rest of Europe Off-road Vehicle Market
8.4. Asia-Pacific Off-road Vehicle Market Snapshot
  8.4.1. China Off-road Vehicle Market
  8.4.2. India Off-road Vehicle Market
  8.4.3. Japan Off-road Vehicle Market
  8.4.4. Australia Off-road Vehicle Market
  8.4.5. South Korea Off-road Vehicle Market
  8.4.6. Rest of Asia Pacific Off-road Vehicle Market
8.5. Latin America Off-road Vehicle Market Snapshot
  8.5.1. Brazil Off-road Vehicle Market
  8.5.2. Mexico Off-road Vehicle Market
8.6. Rest of The World Off-road Vehicle Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. BRP Inc.
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Displacement Summary
    9.2.1.5. Recent Developments
  9.2.2. CFMOTO
  9.2.3. Deere & Company
  9.2.4. Honda Motor Co. Ltd.
  9.2.5. Kawasaki Heavy Industries Ltd.
  9.2.6. KUBOTA Corporations
  9.2.7. Mahindra & Mahindra Ltd.
  9.2.8. Polaris Inc.
  9.2.9. Textron Inc.
  9.2.10. Yamaha Motor Co. Ltd.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Off-road Vehicle Market , report scope
TABLE 2. Global Off-road Vehicle Market estimates & forecasts by Region 2018-2027 (USD Billion)
TABLE 3. Global Off-road Vehicle Market estimates & forecasts by Displacement 2018-2027 (USD Billion)
TABLE 4. Global Off-road Vehicle Market estimates & forecasts by End User Vertical 2018-2027 (USD Billion)
TABLE 5. Global Off-road Vehicle Market estimates & forecasts by Vehicle Type 2018-2027 (USD Billion)
TABLE 6. Global Off-road Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 7. Global Off-road Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 8. Global Off-road Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 9. Global Off-road Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 10. Global Off-road Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 11. Global Off-road Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 12. Global Off-road Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 13. Global Off-road Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 14. Global Off-road Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 15. Global Off-road Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 16. U.S. Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 17. U.S. Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 18. U.S. Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 19. Canada Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 20. Canada Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 21. Canada Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 22. UK Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 23. UK Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 24. UK Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 25. Germany Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 26. Germany Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 27. Germany Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 28. RoE Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 29. RoE Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 30. RoE Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 31. China Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 32. China Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 33. China Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 34. India Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 35. India Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 36. India Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 37. Japan Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 38. Japan Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 39. Japan Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 40. RoAPAC Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 41. RoAPAC Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 42. RoAPAC Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 43. Brazil Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 44. Brazil Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 45. Brazil Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 46. Mexico Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 47. Mexico Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 48. Mexico Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 49. RoLA Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 50. RoLA Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 51. RoLA Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 52. Row Off-road Vehicle Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 53. Row Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 54. Row Off-road Vehicle Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 55. List of secondary sources, used in the study of global Off-road Vehicle Market
TABLE 56. List of primary sources, used in the study of global Off-road Vehicle Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Off-road Vehicle Market , research methodology
FIG 2. Global Off-road Vehicle Market , market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Off-road Vehicle Market , key trends 2020
FIG 5. Global Off-road Vehicle Market , growth prospects 2021-2027
FIG 6. Global Off-road Vehicle Market , porters 5 force model
FIG 7. Global Off-road Vehicle Market , pest analysis
FIG 8. Global Off-road Vehicle Market , value chain analysis
FIG 9. Global Off-road Vehicle Market by segment, 2018 & 2027 (USD Billion)
FIG 10. Global Off-road Vehicle Market by segment, 2018 & 2027 (USD Billion)
FIG 11. Global Off-road Vehicle Market by segment, 2018 & 2027 (USD Billion)
FIG 12. Global Off-road Vehicle Market by segment, 2018 & 2027 (USD Billion)
FIG 13. Global Off-road Vehicle Market by segment, 2018 & 2027 (USD Billion)
FIG 14. Global Off-road Vehicle Market , regional snapshot 2018 & 2027
FIG 15. North America Off-road Vehicle Market 2018 & 2027 (USD Billion)
FIG 16. Europe Off-road Vehicle Market 2018 & 2027 (USD Billion)
FIG 17. Asia pacific Off-road Vehicle Market 2018 & 2027 (USD Billion)
FIG 18. Latin America Off-road Vehicle Market 2018 & 2027 (USD Billion)
FIG 19. Global Off-road Vehicle Market , company market share analysis (2020)


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