By 2027, the electric off-road vehicle market is forecast to reach 250 million U.S. dollars, up from 115 million in 2020. Projections estimated a compound annual growth rate of around 11.7 percent during the seven years period. Electric off-road vehicles include all-terrain and utility vehicles as well as off-road motorcycles.
Projection for the electric off-road vehicle market size worldwide between 2020 and 2027
(in million U.S. dollars)
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Market size in million U.S. dollars
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An exponential development of the values between 2020 and 2027 was assumed to estimate the annual values. The values for 2020 and 2027 were provided by the source.
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Statista. (April 1, 2021). Projection for the electric off-road vehicle market size worldwide between 2020 and 2027 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1264384/electric-off-road-vehicle-global-market-size-forecast/
Statista. "Projection for the electric off-road vehicle market size worldwide between 2020 and 2027 (in million U.S. dollars)." Chart. April 1, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1264384/electric-off-road-vehicle-global-market-size-forecast/
Statista. (2021). Projection for the electric off-road vehicle market size worldwide between 2020 and 2027 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1264384/electric-off-road-vehicle-global-market-size-forecast/
Statista. "Projection for The Electric Off-road Vehicle Market Size Worldwide between 2020 and 2027 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Apr 2021, https://www.statista.com/statistics/1264384/electric-off-road-vehicle-global-market-size-forecast/
Statista, Projection for the electric off-road vehicle market size worldwide between 2020 and 2027 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1264384/electric-off-road-vehicle-global-market-size-forecast/ (last visited August 24, 2024)
Projection for the electric off-road vehicle market size worldwide between 2020 and 2027 (in million U.S. dollars) [Graph], Statista, April 1, 2021. [Online]. Available: https://www.statista.com/statistics/1264384/electric-off-road-vehicle-global-market-size-forecast/