Off-road Vehicles Market Size, Share, Growth Analysis, By Vehicle(All-Terrain Vehicle (ATV), Utility Terrain Vehicle (UTV) and Off-road motorcycle), By Propulsion(Gasoline, Diesel, and Electric), By Application(Utility, Sports, Military and Others), By Region - Industry Forecast 2024-2031

Global Off-road Vehicles Market size was valued at USD 16.13 Billion in 2022 and is poised to grow from USD 17.12 Billion in 2023 to USD 27.56 Billion by 2031, at a CAGR of 6.13% during the forecast period (2024-2031).

The global off-road vehicles market has experienced significant growth in recent years. The primary reason behind the market growth is expansion of the tourism sector across the world. As the vehicles are more important for tourism such as safaris and hill stations explorations.

For wildlife safaris, off-road vehicles are more popular in explorational activities for wildlife safaris. Off-road vehicles allow tourists to get up close to wildlife in their natural habitats while causing the least amount of disturbance to the animals.

Additionally, these vehicles are equipped with features like open views options and customized seats for better visibility. Additionally, hill stations and mountainous regions are often attractive places for adventure seeking tourists.

Off-road vehicles are also popular for hill station activities, such as jeep safaris, mountain biking and trekking experiences. Off-road vehicles are used for activities like off-roading, rock crawling and exploring difficult routes.

This adds a sense of adventure to the tourism experience, which appeals to people looking for an adrenaline rush. The primary trend for the market is improved infrastructure.

Many tourism destinations are investing in improving their off-road infrastructures and experiences. As ORV’s can help to generate economic benefits for tourism destinations, it is being most adopted in the tourism sector.