Off-Road Vehicles (ORVs) Market Size, Share, Trends, Growth Opportunity, and Forecast | 2022-2027

Off-Road Vehicles (ORVs) Market is expected to reach USD 24,041.4 million by 2027 from USD 14,882.4 million in 2021 at a CAGR of 7.6% during the forecast period of 2022-2027.
Unlike other transportation segments, such as automotive and trucks which recorded a humongous decline amid the pandemic, ORVs emerged as the savior and grew tremendously, especially in North America and Europe.
Overall, the market grew by 24% in terms of units in the year 2020, a growth rate that the industry never achieved or reached close to in the past decade. The long-term outlook is also extremely pleasing keeping the mind the growth and demand for ORVs, especially SSVs.

Read more: https://www.stratviewresearc...