By 2024, Off-Road Vehicles Market to hold 25% share via recreation segment

The recreation segment is estimated to hold approx. 25% of the off-road vehicles market share till 2024. Polaris Industries Inc., Wildcat, Bombardier Recreational Products, Caterpillar, Yamaha Motor Co., Ltd., KTM and Kawasaki Motors Corp, are major players spearheading the global off-road vehicles market share.

Off-Road Vehicles Market Report is an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

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According to statistics, about 46 million square kilometers of Earth’s surface is covered with snow every year, with 98% of the planet’s snow cover situated in the Northern Hemisphere. The Europe and North America has therefore, significantly contributed to the development and adoption of snowmobiles for short distance travelling, remote area goods transportation and for enabling recreational uses of lakes, parks and specially built trails. The sale of snowmobiles in the U.S., records indicate, had almost 58,300 units in 2015, which was a 20% rise over a two year period and demonstrated the existing prospects for the off-road vehicles market.

Military segment is likely to witness significant gains at around 5.5% from 2018 to 2024. Surging product adoption owing to highly mobile, enhanced durability and effectively conveyance personal & cargo are the key benefits strongly supporting off road vehicle demand. Border security, combat operations and consignment transport are among key applications mainly instigating product demand from this segment.

Off-road vehicles market has the presence of prominent players including Polaris, Kawasaki, Honda, Yamaha, Arctic Cat, Suzuki, and Can-Am. Other notable companies are Kubota Corporation, John Deere, Caterpillar, Bombardier, KYMCO, Taiwan Golden Bee, and Shoupu. Manufacturing companies are investing heavily on R&D for product development to enhance the overall performance and efficiency of the products.

Browse key industry insights spread across 300 pages with 305 market data tables & 9 figures & charts from the report, “Off-Road Vehicles Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/off-road-vehicles-market

According to statistics, about 46 million square kilometers of Earth’s surface is covered with snow every year, with 98% of the planet’s snow cover situated in the Northern Hemisphere. The Europe and North America has therefore, significantly contributed to the development and adoption of snowmobiles for short distance travelling, remote area goods transportation and for enabling recreational uses of lakes, parks and specially built trails. The sale of snowmobiles in the U.S., records indicate, had almost 58,300 units in 2015, which was a 20% rise over a two year period and demonstrated the existing prospects for the off-road vehicles market.

Chapter 1.   Methodology and Scope

1.1. Methodology

1.1.1.  Initial data exploration

1.1.2.  Statistical model and forecast

1.1.3.  Industry insights and validation

1.1.4.  Definition and forecast parameters

1.2. Data Sources

1.2.1.  Secondary

1.2.2.  Primary

Chapter 2.   Executive Summary

2.1. Off-road vehicles industry 3600 synopsis, 2013 – 2024

2.1.1.  Business trends

2.1.2.  Vehicle trends

2.1.3.  Application trends

2.1.4.  Regional trends

Chapter 3.   Off-Road Vehicles Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.  Component Suppliers

3.3.2.  Manufacturers

3.3.3.  Profit margin analysis

3.3.4.  Distribution channel analysis

3.3.5.  Vendor matrix

3.4. Technology landscape

3.5. Industry best practices & key buying criteria

3.6. Consumer demographics

3.7. Accidents and fatality statistics, 2017

3.8. Regulatory landscape

3.8.1.  North America

3.8.2.  Europe

3.8.3.  Asia Pacific

3.8.4.  Latin America

3.8.5.  MEA

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/off-road-vehicles-market

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