Press release
Electric Off-Road Vehicle Industry is Growing to reach US$ 2,234.0 million by 2028
The Electric Off-Road Vehicle market is projected to reach US$ 2,234.0 million by 2028 from US$ 724.1 million in 2021; it is expected to grow at a CAGR of 18.9% from 2022 to 2028.An electric off-road vehicle is an adventure vehicle meant for off-roading purposes. Off-roading refers to riding a vehicle on unsurfaced gravel tracks, sand, riverbeds, snow, mud, rocks, or other natural terrains. Different off-roading activities are based on their purposes, such as utility, military, recreational, leisure rides, and sports. Off-road vehicles have several specific features that make them suited for the purpose.
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Market Insights - Electric Off-Road Vehicle Market
Over recent years, tourists and sports enthusiasts worldwide have been displaying a growing inclination toward the trails of off-road vehicles such as utility terrain vehicles (UTVs) and all-terrain vehicles (ATVs) coupled with related activities for sports and recreational activities purposes. A few leisure activity organizers and tourism councils are building tracks and sports setups for such vehicles to fascinate and hold visitors. A variety of public lands and state parks in the US offer miles of roads for ATV rides and trails to sightsee. Some parks even make it easier to secure permits online. For instance, the Florida State Forest Service has a wide range of terrains, high-altitude mountain paths, and sand dunes to suit any experience level or preference. Thus, the rising trend to satiate the thrill-seekers and adventure trips is expected to create ample opportunity for the electric off-road market players.
Global Electric Off-Road Vehicle Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2019 to 2028.
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Major Key Points of Electric Off-Road Vehicle Market
Electric Off-Road Vehicle Market Overview
Electric Off-Road Vehicle Market Competition
Electric Off-Road Vehicle Market, Revenue and Price Trend
Electric Off-Road Vehicle Market Analysis by Application
Company Profiles and Key Figures in Electric Off-Road Vehicle Market
Market Dynamics
Methodology and Data Source
Companies Profiled in this report includes:
Polaris, Inc.
KTM AG
Intimidator, Inc.
Zero Motorcycles
Alke S.r.l
Daymak, Inc.
Massimo Motors
HISUN Motors
DRR USA
Ecocharger Quadbikes
Tactica S.r.l
Deere & Co.
Electric Motion
Jiangsu Linhai Power Machinery Group Corp.
Ford Motor Company
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Brown Sugar market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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