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(Transportation-News.com, December 14, 2018 )
Stratview Research announces the launch of a new research report on Off-road vehicles (ORVs) market. This 167-page extensive report from Stratview Research, studies Off-road vehicles (ORVs) 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 Off-road vehicles (ORVs) market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (All-Terrain Vehicles (ATVs), Side-by-Side Vehicles (SSVs))- All-Terrain Vehicles (ATVs) will be the dominant vehicle type in the market.
• By Application Type (Agriculture, Entertainment, Hunting, Military, Sports, Others)- Sports and entertainment are projected to remain the growth engines of the global ORVs market.
• By Product Type (Utility Vehicle, Recreation/Utility Vehicle, Sports Vehicle, Youth Vehicle)- The utility is projected to remain the most dominant product type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest automotive engine oil pan market.
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Off-road vehicles (ORVs) market Insights
The global off-road vehicles (ORVs) market offers healthy growth opportunities in the entire ecosystem and is projected to reach an estimated value of US$ 11.1 billion in 2023. Recovery of the global economy and increasing disposable income, growing recreational and touring activities, an advancement in the ORV technology, and increasing usage of ORVs in the agriculture and military operations are the major factors proliferating the demand for ORVs globally. The USA is the largest ORVs market due to its large stretches of natural terrain, unpaved roads, and large ranches and farms across the country.
The supply chain of this market comprises raw material suppliers, component manufacturers, ATV and SSV manufacturers, and distributors, and buyers. The global ORVs is a highly consolidated market with the presence of global as well as regional players. The key ORV manufacturers are Polaris Industries, Inc., Honda Motor Co., Ltd., Yamaha Motors Co., Ltd., BRP Inc., Arctic Cat Inc., Deere & Company (John Deere), Kubota Corporation, and Kawasaki Motors Corp.
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Ritesh Gandecha
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Source: EmailWire.Com
Source: EmailWire.com
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