Press release
Automotive Side By Side Vehicles (SSVs) Market 2027| Polaris Inc, BRP, John Deere, Kubota Corporation, American Honda Motor Company Inc, Textron, Yamaha
Automotive SSVs Market 2020
The Global Automotive Side By Side Vehicles Market is expected to grow at a CAGR during the forecasting period (2020-2027).
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Side by side vehicles was commercially available in 2003. They are small off-road vehicles that accommodate one to six people. There have been concerns about the risk of rollovers by side by side vehicles.
The side by side vehicle is narrow and heavy top with the traveling speed of 60 mph.
Side by side vehicles is an excellent alternative to quad bikes. 60% of the quad bike fatalities examined by the NSW Coroner in 2015 involved a rollover.
They are considered to be an effective way of protecting against quad bike related injury and fatalities on-farm.
Side by side vehicles may be more suitable for use in rural workplaces because the operator remains seated, and they generally have rollover protection structures (ROPs).
Market Drivers:
The increase in production of new Side-by-side vehicles is driving the global automotive side by side vehicles market.
The increasing disposable incomes, and an incessant shift from ATVs to SSVs are the major driver that are growing the demand for side-by-side vehicles market.
Increasing use of Side by side vehicles in agriculture such as UTV and sports purposes are also likely to drive the demand for Side by side vehicles during the forecast period.
Market Restraints:
According to Consumer Product Safety Commission (CPSC) there have been numerous recalls of side by side vehicles in the recent years. The recalls are due to Faulty door hinges, Overheating engines, Fuel leaks and Braking issues in side by side vehicle. This will hinder the global automotive side by side vehicles market.
Side-by-side vehicles lack both the stability and safety features which was available in traditional automobiles. This is also hampering the growth of global automotive side by side vehicles market.
Segmentation Analysis :
By application type
Utility SSV has the largest market due to the increasing agriculture activities globally, and it is expected to grow in the forecasting period, whereas the sports segment has witnessed the highest growth in 2017, it is driven by the increasing preference of SSVs for sports purpose.
By Geography
Australia
The central chamber of automotive industries has estimated that in 2017 the SSV segment in Australia grew its share of the total motorcycle market from 19.9% in 2016 to 21.8% in 2017.
Competitive Trends :
Polaris has the significant market for SSVs in 2017 followed by Honda in second place and Yamaha in third place.
In August 2018, American Honda announced that the return of its venerable side-by-side for the 2019 model year, featuring a mix of fun and capable machines sporting a wide range of new colors.
In 2017, Caterpillar has introduced it's first-ever Cat® utility vehicles, the gasoline-powered Cat CUV82, and diesel-powered CUV102 D.
In August 2018, Taiwan Golden Bee (TGB) is a global leader for ATV market, is shifting their North American market focus to UTV industry.
TGB will unveil its 1000 Series UTV prototype and new business strategy at The Green Industry & Equipment Expo at the Kentucky Exposition Center on October 17-19.
Key market segments covered
By Application Type
Utility SSVs
Sports SSVs
Others
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By Seating Type
Single-seated SSVs
Double-seated SSVs
Three and more-seated SSVs
By Region
Asia Pacific
Europe
North America
South America
Rest of the World
Why purchase the report?
Visualize the composition of the automotive Side By Side Vehicles (SSVs) market across each indication, regarding by application type, and by seating type highlighting the critical commercial assets and players.
Identify business opportunities in automotive Side By Side Vehicles (SSVs) market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the automotive Side By Side Vehicles (SSVs) market - level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the automotive Side By Side Vehicles (SSVs) products of all major market players
Who can benefit from this report?
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturer
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