According to a research report titled ‘Electric Off-Road Vehicles Market Size By Vehicle (ATV, SSV/UTV, Off-Road Motorcycles), By Application (Utility, Sports, Recreation, Military), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global electric off-road vehicles market valuation is slated to grow substantially over the forecast period 2021-2027.
 

Escalating product demand across numerous application avenues like utility, sports, recreational, and military is stimulating worldwide electric off-road vehicles industry growth.
 

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Furthermore, shifting preference towards electric vehicles with interest in various recreational activities in muddy, hilly, and forests areas is promoting overall industry development. Rising awareness about pollution impacts of combustion engines, and increasing consciousness about emission control and reduction are also enhancing the market outlook.
 

For the record, electric off-road vehicles, like ICE (internal combustion engine) vehicles, can be used for specific recreational purposes such as rock crawling and sand rails. However, some common electric off-roaders like SUVs, jeeps, and trucks serve a dual purpose and can be used as ordinary means of road transport.
 

Based on application spectrum, electric off-road vehicles market is classified into utility, recreation, sports, and military. Among these, sports segment is expected to record a robust growth rate over the next 7 years, attributable to increasing frequency of adventure sports events across the globe.
 

Considering vehicle type, the industry segmentation comprises SSV/UTV (side-by side vehicle/ utility task vehicle), ATV (all-terrain vehicle), and off-road motorcycles. Among these, SSV/ UTV segment is touted to witness substantial growth over the study duration, owing to its exceptional application scope.
 

Geographically speaking, Middle East & Africa market is slated to register considerable growth through 2027, owing to flourishing tourism industry and subsequent rise in number of recreational activities across the region. Furthermore, growing population with higher disposable income is also likely to propel regional market expansion over the forecast period.
 

Key players impacting electric off-road vehicles industry sphere are Jiangsu Linhai Power Machinery Group Corp., Zero Motorcycles Inc., Tacita S.r.l., Polaris Inc., Electric Motion USA, Massimo Motor Sports LLC, KTM AG, Intimidator Inc., HISUN Motors Corp., Eco Charger Inc., DRR USA, Deere & Co., Daymak Inc., and Alke S.r.l.