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Global Off-Road Vehicles (ORVs) Market 2019: Analysis by Vehicle Type, Product Type, Application, Region and Competition (2014-2024) - ResearchAndMarkets.com

March 25, 2019

DUBLIN--(BUSINESS WIRE)--Mar 25, 2019--The “Global Off-Road Vehicles (ORVs) Market By Vehicle Type (All-Terrain Vehicle (ATV), Side-by-Side Vehicle (SSV) and Off-Road Motorcycles), By Product Type, By Application, By Region, Competition, Forecast & Opportunities, 2014-2024” report has been added to ResearchAndMarkets.com’s offering.

The global Off-Road Vehicles (ORVs) market is projected to grow from $ 16.16 billion in 2018 to $ 23.08 billion by 2024, exhibiting a CAGR of over 6% during the forecast period, owing to increasing industrialization.

Off-road vehicles have large tires with deep suspension and can be driven on off-road or rugged conditions. Generally, these vehicles are employed for farming and entertainment purposes.

The surging demand for sports activities is positively impacting market growth. Low carbon emissions, enhanced fuel efficiency and low maintenance cost of off-road vehicles are expected to boost the demand for these vehicles, globally, during forecast period.

Market Segments

In terms of vehicle type, the global off-road vehicles market can be segmented into all-terrain vehicles (ATV), side-by-side vehicles (SSV) and off-road motorcycles. Off-road motorcycles segment dominated the market in 2018, as popularity of off-road sports activities is increasing, and young generation is showing interest in such activities.

Moreover, the SSV segment is anticipated to witness strong growth through 2024, owing to seating capacity for more passengers with improved mobility and storage facility. Based on the product type, the market for ORV can be segmented into utility vehicle, sports vehicle and others.

Utility vehicle is the leading segment in the off-road vehicle market and the segment is anticipated to continue its dominance during the forecast period. Sports vehicle accounts for the second largest market share, backed by high demand for increasing tourism and recreational activities.

Off-road vehicles are used for a variety of application including sports, entertainment, agriculture and others. Entertainment and sports are the leading segments, on account of rising disposable income and increasing off-roading sports activities.

Regional Insights

The global off-road vehicles market is led by the North America region. Increasing off-road activities and rising preference for off-road motorcycling and dirt bike events are some of the major factors contributing to the regional growth. Europe is the second largest market for off-road vehicles, globally, owing to increasing agricultural activities in the region.

Competitive Landscape

Major players operating in the global off-road vehicles market include Arctic Cat Inc., Honda Motor Co. Ltd., Yamaha, Deere & Company (John Deere), Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., etc.

Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Players such as Kawasaki and Polaris have launched low-cost models in order to compete in the off-road vehicles market.

Years considered for this report:

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Objective of the Study

  • To analyze and forecast the global off-road vehicles (ORVs) market size.
  • To classify and forecast the global off-road vehicles (ORVs) market based on vehicle type, product type, application and regional distribution.
  • To identify drivers and challenges for the global off-road vehicles (ORVs) market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global off-road vehicles (ORVs) market.
  • To conduct the Market Attractiveness Index for the global off-road vehicles (ORVs) market.
  • To identify and analyze the profile of leading players operating in the global off-road vehicles (ORVs) market.

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors Influencing Purchase Decision

4.2. Brand Satisfaction Level

4.3. Challenges/Issues Faced Post Purchase

5. Global Off-Road Vehicles (ORVs) Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (All-Terrain Vehicle (ATV), Side-by-Side Vehicle (SSV) and Off-Road Motorcycles)

5.2.2. By Product Type (Utility Vehicle, Sports Vehicle and Others)

5.2.3. By Application (Sports, Entertainment, Agriculture and Others)

5.2.4. By Company

5.2.5. By Region

5.3. Market Attractiveness Index

6. North America Off-Road Vehicles (ORVs) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type

6.2.2. By Application

6.3. By Country

6.4. Market Attractiveness Index

6.5. North America: Country Analysis

6.5.1. United States Off-Road Vehicles (ORVs) Market Outlook Market Size & Forecast By Value & Volume Market Share & Forecast By Vehicle Type By Application Market Attractiveness Index

6.5.2. Mexico Off-Road Vehicles (ORVs) Market Outlook

6.5.3. Canada Off-Road Vehicles (ORVs) Market Outlook

7. Europe & CIS Off-Road Vehicles (ORVs) Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Application

7.2.3. By Country

7.3. Market Attractiveness Index

7.4. Europe & CIS: Country Analysis

7.4.1. Germany Off-Road Vehicles (ORVs) Market Outlook

7.4.2. Italy Off-Road Vehicles (ORVs) Market Outlook

7.4.3. France Off-Road Vehicles (ORVs) Market Outlook

7.4.4. United Kingdom Off-Road Vehicles (ORVs) Market Outlook

7.4.5. Russia Off-Road Vehicles (ORVs) Market Outlook

7.4.6. Portugal Off-Road Vehicles (ORVs) Market Outlook

8. Asia-Pacific Off-Road Vehicles (ORVs) Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Application

8.2.3. By Country

8.3. Market Attractiveness Index

8.4. Asia-Pacific: Country Analysis

8.4.1. China Off-Road Vehicles (ORVs) Market Outlook

8.4.2. Australia Off-Road Vehicles (ORVs) Market Outlook

8.4.3. Japan Off-Road Vehicles (ORVs) Market Outlook

8.4.4. India Off-Road Vehicles (ORVs) Market Outlook

8.4.5. New Zealand Off-Road Vehicles (ORVs) Market Outlook

9. South America Off-Road Vehicles (ORVs) Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By Application

9.2.3. By Country

9.3. Market Attractiveness Index

9.4. South America: Country Analysis

9.4.1. Colombia Off-Road Vehicles (ORVs) Market Outlook

9.4.2. Brazil Off-Road Vehicles (ORVs) Market Outlook

9.4.3. Argentina Off-Road Vehicles (ORVs) Market Outlook

10. MEA Off-Road Vehicles (ORVs) Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Vehicle Type

10.2.2. By Application

10.2.3. By Country

10.3. Market Attractiveness Index

10.4. MEA: Country Analysis

10.4.1. South Africa Off-Road Vehicles (ORVs) Market Outlook

10.4.2. Saudi Arabia Off-Road Vehicles (ORVs) Market Outlook

10.4.3. UAE Off-Road Vehicles (ORVs) Market Outlook

10.4.4. Qatar Off-Road Vehicles (ORVs) Market Outlook

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Arctic Cat Inc. Polaris Industries Inc.

13.2. Honda Motor Co. Ltd.

13.3. Yamaha Motor Co. Ltd.

13.4. Bombardier Recreational Products

13.5. Kawasaki Motors Corp.

13.6. Deere & Company (John Deere)

13.7. Kubota Corporation

13.8. Arctic Cat Inc.

13.9. Suzuki Motors Corporation

13.10. Kassbohrer Gelandefahrzeug

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/research/v7r8j4/global_offroad?w=4

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