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Global Off-road Vehicle Market 2019-2023

Global Off-road Vehicle Market 2019-2023

About this market

Increasing outdoor recreational activities are benefiting the off-road vehicle market in regions such as North America and Europe. Mountain racing and dirt racing activities are gaining popularity amid a growing number of sports enthusiasts. The growth in tourism will promote off-recreational activities globally and requires governments to focus on developing tourism hubs, which will increase sales of off-road vehicles further. Off-road motorcycle or adventure motorcycle was a niche market a decade ago. Changing lifestyles, adoption of recreational activities by the youth and middle-age population and improving tourism infrastructure are the major factors driving the off-road vehicle market in emerging countries. Hence, Technavio expects the rise in recreational and adventure sports activities to drive the global off-road vehicle market during the forecast period. Technavio’s analysts have predicted that the off-road vehicle market will register a CAGR of over 4% by 2023.

Market Overview

GPS navigation for off- road vehicles

GPS navigation services have been developed for off-road vehicles. GPS devices are no longer used just for mapping, but also for preparing for off-roading adventures, locating difficult-to-find off-roading locations, and ensuring safety. Off-road vehicles encounter rough weather conditions such as snow, wind, sand, and dense fog. The development of the GPS navigation system for off-roading to be a driving factor for the global off-road vehicle market during the forecast period.

Environmental impact due to off- road motorsport racing

Off-road racing activities can erode the soil. increase soil bulk density. soil strength. and soil permeability. Generally, soil bulk density and strength increase with compaction, while permeability decreases. Hence, such adverse effects of racing activities on the environment and the ecosystems pose a threat to the legibility of such bikes, thereby challenging the growth of the global off-road vehicle market.

For the detailed list of factors that will drive and challenge the growth of the off-road vehicle market during the 2019-2023, view our report.

Competitive Landscape

The off-road vehicle market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Off-road Vehicle Market 2019-2023

Technavio recognizes the following companies as the key players in the global off-road vehicle market: BRP, Honda Motor, KTM Industries, Polaris Industries, Yamaha Motor.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the innovations in advanced suspension control systems.”

According to the report, one of the major drivers for this market is the advanced stability control systems for off- road motorcycles.

Further, the report states that one of the major factors hindering the growth of this market is the legal limitations on use of off- road vehicles.

Companies Mentioned

BRP

Honda Motor

KTM Industries

Polaris Industries

and Yamaha Motor

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global motorcycle and quad bike market
      • Table Segments of global motorcycle and quad bike market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market Segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand units)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • SxS - Market size and forecast 2018-2023
      • Table SxS - Market size and forecast 2018-2023 (thousand units)
      • Table SxS - Year-over-year growth 2019-2023 (%)
    • ATV - Market size and forecast 2018-2023
      • Table ATV - Market size and forecast 2018-2023 (thousand units)
      • Table ATV - Year-over-year growth 2019-2023 (%)
    • Off-road motorcycle - Market size and forecast 2018-2023
      • Table Off-road motorcycle - Market size and forecast 2018-2023 (thousand units)
      • Table Off-road motorcycle - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand units)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand units)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand units)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 (thousand units)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 (thousand units)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Innovations in advanced suspension control systems
    • Electric drivetrains for off-road vehicles
    • ATV experience zones
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BRP
      • Table BRP - Vendor overview
      • Table BRP - Product segments
      • Table BRP - Organizational developments
      • Table BRP - Geographic focus
      • Table BRP - Segment focus
      • Table BRP - Key offerings
    • Honda Motor
      • Table Honda Motor - Vendor overview
      • Table Honda Motor - Business segments
      • Table Honda Motor - Organizational developments
      • Table Honda Motor - Geographic focus
      • Table Honda Motor - Segment focus
      • Table Honda Motor - Key offerings
    • KTM Industries
      • Table KTM Industries - Vendor overview
      • Table KTM Industries - Product segments
      • Table KTM Industries - Organizational developments
      • Table KTM Industries - Geographic focus
      • Table KTM Industries - Segment focus
      • Table KTM Industries - Key offerings
    • Polaris Industries
      • Table Polaris Industries - Vendor overview
      • Table Polaris Industries - Business segments
      • Table Polaris Industries - Organizational developments
      • Table Polaris Industries - Geographic focus
      • Table Polaris Industries - Segment focus
      • Table Polaris Industries - Key offerings
    • Yamaha Motor
      • Table Yamaha Motor - Vendor overview
      • Table Yamaha Motor - Business segments
      • Table Yamaha Motor - Organizational developments
      • Table Yamaha Motor - Geographic focus
      • Table Yamaha Motor - Segment focus
      • Table Yamaha Motor - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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