Side-by-Side Vehicles Market Estimated to Reach US$ 7.8 Billion in 2023
This market report, from Stratview Research, studies the side-by-side vehicles market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023.
(EMAILWIRE.COM, October 12, 2018 )
Stratview Research announces the launch of a new market research report on Side-by-Side Vehicles (SSVs) Market by Vehicle Type (Utility, Recreational/Utility, and Sports), by Application Type (Sports, Entertainment, Agriculture, Military, Hunting, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global Side-by-Side Vehicles (SSV) Market: Highlights
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 likely to drive the demand for SSVs during the forecast period.
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Based on the vehicle type, utility SSV is projected to remain the largest segment of the market over the next five years, whereas sports segment is likely to witness the highest growth during the same period, driven by an increasing preference of SSVs for sports purpose.
Research findings suggest that sports and entertainment are the major applications collectively occupying more than 50% of the SSVs market in 2017. Both applications are expected to remain the largest ones over the next five years as well. All the major players are launching their SSV models targeting these applications.
The 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 key markets are the strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Stratview Research announces the launch of a new market research report on Side-by-Side Vehicles (SSVs) Market by Vehicle Type (Utility, Recreational/Utility, and Sports), by Application Type (Sports, Entertainment, Agriculture, Military, Hunting, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global Side-by-Side Vehicles (SSV) Market: Highlights
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 likely to drive the demand for SSVs during the forecast period.
Click here for Table Of Contents:-
https://www.stratviewresearch.com/toc/119/side%20-by-side-vehicles-market.html
or
Request Sample:-
https://www.stratviewresearch.com/Request-Sample/119/side%20-by-side-vehicles-market.html
Based on the vehicle type, utility SSV is projected to remain the largest segment of the market over the next five years, whereas sports segment is likely to witness the highest growth during the same period, driven by an increasing preference of SSVs for sports purpose.
Research findings suggest that sports and entertainment are the major applications collectively occupying more than 50% of the SSVs market in 2017. Both applications are expected to remain the largest ones over the next five years as well. All the major players are launching their SSV models targeting these applications.
The 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 key markets are the strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results