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)
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 December 25, 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 December 25, 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: December 25, 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 December 25, 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/
