Vehicles that can be driven on off-road and rugged conditions are acknowledged as off-road vehicles. Off-road vehicles generally have big tires with supple suspension and exposed deep treads.
A common use of such off-road vehicles is for exploration activities in areas that do not have proper tar roads.
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Key Segments Covered in Off-Road Vehicles Report:
On the basis of vehicle type, the Off-Road Vehicles market can be segmented into:
- All-terrain vehicles (ATV)
- Side by side vehicles (SSV)
- Off-road motorcycles
On the basis of fuel, the Off-Road Vehicles market can be segmented into:
On the basis of application, the Off-Road Vehicles market can be segmented into:
On the basis of region, the Off-Road Vehicles market can be segmented into:
- North America
- Latin America
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Analysis by Region:
On the basis of region, the global Off-Road Vehicles market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan(APEJ) and MEA.
Among these regions, the APEJ off-road vehicles market is projected to exhibit relatively higher growth in the global off-road vehicles market with a CAGR of over 5.0% during the forecast period.