Off-Road High-Performance Vehicle Market Research Report- Forecast to 2027

Off-Road High-Performance Vehicle Market Information: by Channel (OEM and Aftermarket), Application (Defense & Recreation) and by Regions - Global Forecast To 2027

ID: MRFR/AM/4079-HCR | February 2021 | Region: Global | 111 pages

Off road high performance vehicle Market Scenario:

Although the off-road vehicle industry hasn’t fully recovered ever since the recession, the recently stabilizing industry is witnessing a change in fortune with growing demand for motorcycles and four-wheelers alike and specifically Off-road high-performance vehicles.

Yamaha led the volume race in the Off-road high-performance vehicle market with a market share of almost 30%, closely followed by Honda with approximately 23% market share.  Yamaha’s WR450F is one of the biggest selling Off-road high-performance vehicles, along with YZ250F topping the sales charts for motocross. The motorcycle industry was going through a stabilizing period in the past few years. The industry as a whole is expected to return to rapid surge in demand specifically with the industries Off-road high-performance vehicle segment growing in popularity among individuals. With every major motorcycle manufacturer pushing for product development and innovation in their Off-road segments, the market has flooded with high-quality products across various prices ranges.  The shrinking global scooter market is another indication towards growing adoption of entry-level motorcycles by new customers in the market. Major automotive manufacturer Honda derives a significant chunk of its revenue for their motorcycles division (USD 410 million), of which Off-road high-performance vehicles is a major segment.

The global Off-road high-performance vehicle market has been segmented by channel as original equipment manufacturers and aftermarket. By application, the market has been segmented as recreation and defense. By geography the market has been segmented as Americas, Europe, Asia Pacific and Rest of the world.

Regional Analysis:

The recent shift in the preference for mileage to vehicle looks and features is also expected to result in the high demand for Off-road motorcycles. The global Off-road High-performance vehicle is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.  With major manufacturers investing in the booming automotive industry the Asia-pacific region, the Off-road High-performance vehicle is expected to witness rapid growth during the forecast period. Growing awareness among individuals regarding Off-road motorcycle events is expected to push the demand in this region. The market has been witnessing rapid growth in the last two years, owing to the rising sales of motorcycles, the shift of global players focusing on this region and technological advancements are giving much-needed thrust to the automotive Off-road High-performance vehicle. The Asia-Pacific region is still a budding region for the Off-road High-performance vehicle and is expected to boom during the forecast period.

Rest of the World comprises of the Middle East and Africa. The Middle East & Africa region has an emerging market owing to the increase in adoption of off-road vehicles in this region. The countries like Brazil are significantly contributing in the growth of the market, owing to the government initiatives, which are pushing for rapid development of the automotive components industry. Additionally, with the Middle Eastern governments looking to reduce their dependency on the oil and gas industry, there exist lucrative opportunities for various industries to thrive in this region.

Key Players:

The key players in the global Off-road high-performance vehicle market Wildcat (U.S.), AEV Conversions (U.S.), Zone Offroad (U.S.), Icon Vehicle Dynamics (U.S.), 4 Wheel Parts (U.S.), Extreme Offroad & Performance (U.S.), Stylin Trucks (U.S.), and Summit Racing Equipment (U.S.).

Market Segmentation:

 Off-road high-performance vehicle

Intended Audience:

  • Distributor & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities

Product Analysis:

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information:

  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators

Geographic Analysis:

  • Geographical analysis across 15 countries

Company Information:

  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information related to report title

  • Competitive landscape, including emerging trends adopted by major companies

The report for Global Off-Road High-Performance Vehicle Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Channel and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Wildcat (U.S.), AEV Conversions (U.S.), Zone Offroad (U.S.), Icon Vehicle Dynamics (U.S.), 4 Wheel Parts (U.S.), Extreme Offroad & Performance (U.S.), Stylin Trucks (U.S.), and Summit Racing Equipment (U.S.)
  Key Market Opportunities

  • Increasing population, rapid industrialization
  • Aggressive expansion of manufacturing sector
  •   Key Market Drivers   The MEA market has been observing a rise in demand for off-road vehicles

    Frequently Asked Questions (FAQ) :

    Increasing preference for mileage is expected to unleash growth opportunities in the off-road high-performance vehicle market.

    Increasing investments in the automotive industry is poised to drive expansion of the off-road high-performance vehicle market.

    The MEA market has been observing a rise in demand for off-road vehicles which is supposed to catalyze market growth.

    The channel based segments of the off-road high-performance vehicle market are aftermarket and OEM.

    The key players operating in the off-road high-performance vehicle market are Wildcat (U.S.), Zone Offroad (U.S.), Stylin Trucks (U.S.), AEV Conversions (U.S.), Icon Vehicle Dynamics (U.S.), Extreme Offroad & Performance (U.S.), 4 Wheel Parts (U.S.), and Summit Racing Equipment (U.S.).