Off-road Vehicle Markets, 2019 to 2023 - Leading Players are BRP, Honda Motor, KTM Industries, Polaris Industries, and Yamaha Motor - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 13, 2019--The “Global Off-road Vehicle Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The off-road vehicle market will register a CAGR of over 4% by 2023.
Increasing outdoor recreational activities are benefiting the off-road vehicle market in regions such as North America and Europe
Mountain racing and dirt racing activities are gaining popularity amid a growing number of sports enthusiasts. The growth in tourism will promote off-recreational activities globally and requires governments to focus on developing tourism hubs, which will increase sales of off-road vehicles further. Off-road motorcycle or adventure motorcycle was a niche market a decade ago.
Changing lifestyles, adoption of recreational activities by the youth and middle-age population and improving tourism infrastructure are the major factors driving the off-road vehicle market in emerging countries. Hence, the analyst expects the rise in recreational and adventure sports activities to drive the global off-road vehicle market during the forecast period.
GPS navigation for off-road vehicles
GPS navigation services have been developed for off-road vehicles. GPS devices are no longer used just for mapping, but also for preparing for off-roading adventures, locating difficult-to-find off-roading locations, and ensuring safety. Off-road vehicles encounter rough weather conditions such as snow, wind, sand, and dense fog. The development of the GPS navigation system for off-roading to be a driving factor for the global off-road vehicle market during the forecast period.
Environmental impact due to off-road motorsport racing
Off-road racing activities can erode the soil, increase soil bulk density, soil strength and soil permeability. Generally, soil bulk density and strength increase with compaction, while permeability decreases. Hence, such adverse effects of racing activities on the environment and the ecosystems pose a threat to the legibility of such bikes, thereby challenging the growth of the global off-road vehicle market.
The off-road vehicle market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Key PlayersBRP Honda Motor KTM Industries Polaris Industries Yamaha Motor
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry
PART 06: MARKET SEGMENTATION BY TYPEComparison by type SxS - Market size and forecast 2018-2023 ATV - Market size and forecast 2018-2023 Off-road motorcycle - Market size and forecast 2018-2023 Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison North America - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDSInnovations in advanced suspension control systems Electric drivetrains for off-road vehicles ATV experience zones
PART 11: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors BRP Honda Motor KTM Industries Polaris Industries Yamaha Motor
For more information about this report visit https://www.researchandmarkets.com/research/vthjt7/offroad_vehicle?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190213005522/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: AUTOMOTIVE OFF-ROAD TRUCKS & SUVS GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/13/2019 10:34 AM/DISC: 02/13/2019 10:34 AM