Off-road vehicles are vehicles that go both on and off the road, frequently across rugged terrain. The tire and suspension parameters of these cars are used to classify them. These vehicles can travel on dirt roads with poor and uneven traction surfaces thanks to features like high ground clearance, skid plates, approach departure, and break over. Two-wheelers and four-wheelers, such as SUVs, are included.
The rising use of the Off-road Vehicles Market in military and agricultural operations is a major driver driving market expansion. Off-road vehicles are employed in military operations to transfer goods, gasoline, ammunition, etc. During wartime, these vehicles are also employed to convey big laden armaments.
Crop mapping and scouting, rock picking, irrigation, and other agricultural tasks make use of the utility Off-road Vehicles Market. These vehicles efficiently conduct farm work, lowering the labor expenses connected with these tasks. Furthermore, advanced technology such as GPS on these trucks, which are used to create field boundaries and mark field lines, enables soil compaction to be reduced and planting time to be saved by marking the lines. As a result, the growing usage of utility vehicles in agriculture is likely to boost the off-road vehicle market.
These vehicles, on the other hand, are designed for rugged terrain and not for usage on paved roads. Furthermore, riding these vehicles on extremely paved surfaces becomes challenging. Over the projected period (2017–2025), these factors are expected to limit the market growth.
Global Off-road Vehicles Market: Taxonomy
On the basis of vehicle type, the global off-road vehicles market is segmented into:
All-Terrain Vehicle
Side-by-Side Vehicles
On the basis of product type, the global off-road vehicles market is segmented into:
Utility
Recreational
Youth
On basis of application, the global off-road vehicles market is segmented into:
Sports
Military and Defense
Hunting
On basis of vehicle type, the global off-road vehicles market is segmented into
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Regional Insights into the Global Off-Road Vehicles Market
Over the projected period, North America is expected to have the biggest market share in the global off-road vehicles market. According to Coherent Market Insights, the United States sold more than half of all off-road vehicles worldwide in 2016. Furthermore, the region's high concentration of automotive parts providers such as Visteon Corporation, Borgwarner Inc., and Lear Corporation is likely to boost the market's growth.
Global Off-road Vehicles Market: Competitive Background
Key players in the global off-road vehicles market are Polaris Industries, Inc., Yahama Motor co., Ltd., Honda Motor Co., Ltd., Kawasaki Motor Co., Kubota Corporation, BRP Inc., Arctic Cat Inc., Deere and Company, Mahindra and Mahindra, Ford Motor Company, Volkswagen AG, and Land Rover.
Utility
Recreational
Youth
On basis of application, the global off-road vehicles market is segmented into:
Sports
Military and Defense
Hunting
On basis of vehicle type, the global off-road vehicles market is segmented into
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Regional Insights into the Global Off-Road Vehicles Market
Over the projected period, North America is expected to have the biggest market share in the global off-road vehicles market. According to Coherent Market Insights, the United States sold more than half of all off-road vehicles worldwide in 2016. Furthermore, the region's high concentration of automotive parts providers such as Visteon Corporation, Borgwarner Inc., and Lear Corporation is likely to boost the market's growth.
Global Off-road Vehicles Market: Competitive Background
Key players in the global off-road vehicles market are Polaris Industries, Inc., Yahama Motor co., Ltd., Honda Motor Co., Ltd., Kawasaki Motor Co., Kubota Corporation, BRP Inc., Arctic Cat Inc., Deere and Company, Mahindra and Mahindra, Ford Motor Company, Volkswagen AG, and Land Rover.
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