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Electric Off-Road Vehicles Market Share
- Report ID: GMI5050
- Published Date: Mar 2023
- Report Format: PDF
Electric Off-Road Vehicles Market Share
Some of the prominent participants operating in electric off-road vehicle business scenario are:
- American Landmaster
- Daymak Inc.
- Ecocharger Quad Bikes
- Evolet
- HuntVe
- Intimidator Inc.
- Alke S.r.l
- DRR USA
- and Electric Motion
Many of these firms are emphasizing product innovations to sustain their industry position as the market transitions to electric vehicles.
Frequently Asked Questions (FAQ) :
The market size of electric off-road vehicle surpassed USD 100 million and is anticipated to grow at 12% CAGR from 2023 to 2032, on account of growing investments by OEMs towards new product innovations.
The electric off-road vehicle industry from the off-road motorcycle segment is poised to cross a valuation of USD 90 million by 2032, owing to increasing consumer shift towards electric dirt bikes.
The North America electric off-road vehicle industry size was valued at USD 50 million in 2022, driven by rising inclination of people towards recreational activities and the region is likely to emerge as a key growth hub.
The major participants in the electric off-road vehicle competitive landscape include names such as Vanderhall Motorworks, KTM AG, Polaris Inc, Volcon, John Deere, and TACITA S.r.l, among others.
Electric Off-Road Vehicle Market Scope
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