Global off-road vehicle market 

Global market size

1.2 million (2018)

1.4 million (2023)

Market segment share, 2018

45.6% Side-by-side vehicles (SxS)

34.6% All-terrain vehicles (ATV)

19.8% Off-road motorcycles 

One of the key drivers in the market will be the availability of improved suspension technology in off-road motorcycles. 

33% market growth from North America 

3.5% 2019 year-over-year growth rate 

2019-2023 market demand

4% compound annual growth rate to 2.6 million vehicles

Leading companies 

BRP

Honda Motor

KTM Industries

Polaris Industries 

Yamaha Motor

Source: Technavio, a global market research firm: http://tinyurl.com/yybd6fw3