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(Transportation-News.com, December 14, 2018 )
Stratview Research announces the launch of a new research report on Side-by-Side Vehicles Market. This 142-page extensive report from Stratview Research, studies Side-by-Side Vehicles Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Side-by-Side Vehicles Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Utility Vehicle, Recreational/Utility Vehicle, Sports Vehicle)- Utility SSV is projected to remain the largest segment of the market.
• By Application Type (Agriculture, Entertainment, Hunting, Military, Sports, Others)- Sports and entertainment are expected to remain the largest application segments over the next five years.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- North America is expected to remain the largest market for SSVs.
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Side-by-Side Vehicles Market Insights
Next five years for the global side-by-side vehicles (SSVs) market seem vigorous with sizeable growth opportunities for both existing as well as new players. The SSVs market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 7.8 billion in 2023. Recovery of the global economy, increasing disposable income, and an incessant shift from ATVs to SSVs are the major factors that are burgeoning the demand for side-by-side vehicles market. Increasing preference of SSVs in sports, agriculture, and entertainment purposes are also likely to drive the demand for SSVs during the forecast period.
The supply chain of this market comprises raw materials suppliers, component manufacturers, SSV manufacturers, and distributors. The global market for SSVs is highly consolidated with the presence of global as well as regional players. Major SSV manufacturers are Polaris Industries, Kawasaki Motors Corp., Deere & Company (John Deere), Kubota Corporation, BRP Inc., Yamaha Motors Co., Ltd., and Honda Motors Co., Ltd. Development of new SSVs, vast product portfolio, in-house key component manufacturing, and wide geographical presence in major markets are the key strategies adopted by the major players to gain a competitive edge in the market.
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Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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