Off-Road Vehicle Market Growth Trends, Volume Insights & Outlook 2030

carija

Sep 3, 2025 - 12:49

Off-Road Vehicle Market Growth Trends, Volume Insights & Outlook 2030

The Off-Road Vehicle Market report by MarkNtel Advisors provides an in-depth analysis of market size, share, and growth prospects, offering valuable insights for stakeholders.

Off-Road Vehicle Market Size & Insights

The Global Off-Road Vehicle Market size was valued at around USD 22.9 billion in 2024 and is projected to reach USD 30.69 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30.

The market growth is attributed to the various applications of off-the-road vehicles in different sectors, including agriculture, construction, military, and recreational activities. In addition, the surging popularity of adventurous events, tournaments, and sports among youth and vehicle enthusiasts has also positively influenced the industry. Besides, the research & development in the industry by many key market players to add & launch smooth modification has again added to the industrial expansion.

What are the Key DROs in the Off-Road Vehicle Market??

Sports Events and Multiple Applications in Different Verticals – The additional safety features have increased the number of recreational events and sports tournaments, driving the market forward. Sports organizations arrange tournaments on state and national levels with titles and awards, spreading the popularity of such events and the market. Additionally, the fabricated applications of the vehicles in agriculture, construction, military, and other sectors have been driving the manufacturer to deliver better-optimized products and continue doing research and development with the needs of each industry as goals.

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What are the Key Segments in the Off-Road Vehicle Market?

The Off-Road Vehicle is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Vehicle Type

All-Terrain Vehicle
Utility Task Vehicles
Snowmobiles
Neighborhood Electric Vehicle (NEV)
Off-Highway Motorcycles/ Dirt Bikes
Others (Four Wheel Drive Vehicles, Snowmobiles)

By Propulsion Type

Gasoline
Diesel
Electric

By Engine Displacement

Less than 400CC
401 to 800CC
More than 800CC

By Application

Sports
Entertainment
Agriculture
Military
Utility/Recreation
Others (Hunting & Forestry, Tourism, etc.)

Among them all, Sports acquired the largest market share and is expected to prevail in the same trend in the forecasting period.

How does geographical analysis highlight in the Off-Road Vehicle market?

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

Globally, North America dominates the Off-Road Vehicle Market with the largest share and is anticipated to prevail in the same trend during the forecast period.

Who are the Key Players in Off-Road Vehicle Market?

Honda Motor
Yamaha Motor Co.
Kubota Corporation
Kwang Yang Motor co.
Arctic Cat Inc.
Polaris Industries
Bombardier Recreational Products
Deere & Company
Caterpillar
Kassbohrer Gelandefahrzeug
BRP INC.
Mahindra & Mahindra Ltd.
Textron Inc.
CFMOTO
HISUN Motors.

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Off-Road Vehicle Market News

2024: Polaris Industries launched its long-awaited 2-up ATV570 lineup joining is bestselling sportsman platform. The all-new 2025 Sportsman 570 portfolio now includes three new models; the Sportsman Touring, X2, and 6×6. Whether riders tackle tough jobs, embark on hunting expeditions, or explore new trails, the new Sportsman 570 2-up range allows them to experience it together, offering unmatched comfort, strength and versatility.
2025: Yamaha Motor Corp. introduced off-road standard with its 2025 ATV models, focusing on off-road capability and performance for both recreational and utility use. This includes models like the Grizzly for adventure and the Kodiak for utility, along with sport ATVs like the Raptor 700R and YFZ450R. The 2025 collection also features enhanced features and options, like the new Grizzly 110 for youth riders.

Key pillars of the research methodology include:

Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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