The Evolution of Off-Road Vehicles: From Utility to Adventure According to Stratview Research, the Global 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 healthy CAGR of 7.6% during the forecast period of 2022-2027. 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 Evolution of Off-Road Vehicles: From Utility to Adventure According to Stratview Research, the Global 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 healthy CAGR of 7.6% during the forecast period of 2022-2027. 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.