U.S. Off-road Vehicles Size Analysis and Top Companies
The U.S. off-road vehicles market size is expected to reach around USD 16.94 billion by 2033 from USD 10.80 billion in 2023 expanding at a CAGR of 4.6% from 2024 to 2034. The top companies operating in the U.S. off-road vehicles are Polaris Inc., Arctic Cat Inc., Yamaha Motor Corporation, Honda Motor Co., Ltd., Kawasaki Motors Corp., U.S.A., Can-Am (BRP), Suzuki Motor Corporation, John Deere, Textron Inc., Kubota Corporation, Kymco, CFMOTO, Mahindra & Mahindra Limited, Massimo Motor, American Landmaster, and Others.
Market Scope
| Report Coverage |
Details |
| U.S. Market Size in 2023 |
USD 10.80 Billion |
| U.S. Market Size in 2024 |
USD 11.30 Billion |
| U.S. Market Size by 2033 |
USD 16.94 Billion |
| Growth Rate from 2024 to 2034 |
CAGR of 4.6% |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
By Product Type, By Propulsion Type, and By Application |
U.S. Off-road Vehicles Key Players
- Polaris Inc.
- Arctic Cat Inc.
- Yamaha Motor Corporation
- Honda Motor Co., Ltd.
- Kawasaki Motors Corp., U.S.A.
- Can-Am (BRP)
- Suzuki Motor Corporation
- John Deere
- Textron Inc.
- Kubota Corporation
- Kymco
- CFMOTO
- Mahindra & Mahindra Limited
- Massimo Motor
- American Landmaster
Recent Developments
- In June 2023, Polaris Inc. revealed that it had secured a $700,000 grant aimed at facilitating the development of an electric vehicle (EV) charging infrastructure designed specifically for off-road vehicles. This initiative will be implemented within a public off-road trail system located in Michigan's Upper Peninsula. The grant originates from the Mobility Public-Private Partnership & Programming (MP4) Grant, which is part of the Michigan Office of Future Mobility & Electrification's efforts to strengthen the state's mobility sector, including the outdoor recreation industry, through the adoption of electric and technologically enhanced vehicles.
- Also in June 2023, Kawasaki Motors Corp., U.S.A., announced the continuation of its partnership with TrueTimber. Commencing from the 2024 model year, TrueTimber will exclusively provide camouflage patterns for a range of Kawasaki models, including the newly introduced Kawasaki MULE PRO-FXT™ 1000.
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