DUBLIN--(BUSINESS WIRE)--The "Off-Road Vehicle Market by Displacement, Vehicle Type, End Use Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Off-road vehicles deal with specialized vehicle types, which are specially designed to perform operations on public roads and rough surfaces as well.
Off-road vehicles are mainly used to transport people as well as goods and have a wide range of application in end use verticals such as industrial sites, sports activities, farms, parks, and passenger commute. Several market players are developing electric driven off-road vehicle to reduce carbon footprints and gaining operational efficiency. Under the scope of the research, off-road vehicles covers various vehicle types including ATV, UTV, snowmobiles, and NEV.
The global off-road vehicle market is segmented on the basis of displacement, vehicle type, end user vertical, and region. On the basis of displacement, the market is divided into less than 400 (CC), 400 to 800 (CC), and more than 800 (CC). On the basis of vehicle type, it is categorized into ATV, UTV, snowmobiles, and NEV. By end use vertical, it is fragmented into agriculture, military, sports, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, and suggests the future growth opportunities by analyzing government regulations & policies, thereby increasing the consumer acceptance of off-road vehicles.
Key Benefits
- This study presents analytical depiction of the global Off-road Vehicle market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders to gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers in the market.
Market Dynamics
Drivers
- Increase in trend of recreational activities and adventure sports
- Increase in penetration of the AWD and 4WD vehicles
Restraints
- High maintenance cost of off-road vehicles
- Ban on ATV and UTV driving in wildlife area due to terrain damage
Opportunities
- Development of electric powered off-road vehicles
- Expansion of dealer network for effective product reach
Companies Mentioned
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/bx27kh
