Global Off-Highway Recreational Vehicle Sales Revenue and Market Share by Key Regions, 2017-2022

March 27, 2024

Global Off-Highway Recreational Electric Vehicle Sales Revenue and Market Share by Key Regions, 2017-2022

The following is a forecast of off-highway recreational Electric Sightseeing Car sales revenue and market share in key regions of the world, based on market research reports:

North America:

In 2017, the sales revenue of off-highway recreational Electric Golf Cart in North America was approximately $6 billion, with a market share of 40%.

In 2022, sales revenue is expected to reach around $8 billion, with a market share of about 38%.

Europe:

In 2017, the revenue of off-highway recreational Electric Shuttle Bus in Europe was approximately $3.5 billion, with a market share of 24%.

In 2022, sales revenue is expected to reach around $5 billion, with a market share of about 23%.

Asia pacific:

In 2017, the revenue of off-highway recreational Electric Sightseeing Car in the Asia-Pacific region was approximately US$4 billion, with a market share of 27%.

In 2022, sales revenue is expected to reach around $6 billion, with a market share of about 28%.

Other Regions:

In 2017, off-highway recreational Electric Car sales in other regions were approximately $1.5 billion, with a market share of 9%.

In 2022, sales revenue is expected to reach around $2 billion, with a market share of about 11%.

Overall, the global off-highway recreational Electric Vehicle market will continue to expand, especially in the Asia-Pacific region, where demand is growing most rapidly. At the same time, with the continuous upgrading and innovation of technology and products, the market competition will become more and more fierce.
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