What's Driving the Off-Road Vehicles Market Growth? Arctic Cat Inc., Honda Motor Co. Ltd., Deere & Company (John Deere), Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors Corporation, Yahama Motor Co. Ltd., Bombardier Recre

The Off-Road Vehicles Market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

However, with recovering economy, introduction of newer models with better capabilities and the growing trend of bike touring and off-roading as a recreational activity, the off-road vehicles market from off-road motorcycles market has steadily started to recover and has been depicting commendable growth. As per estimates, around over 500,000 motorbikes were sold in the U.S. itself in 2015.

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Vehicle evaluation:
Vehicle categorization: As per the report, the Vehicle landscape of the Off-Road Vehicles Market is split into -
o All-Terrain Vehicles (ATV)
o Side by Side Vehicles (SSV)
o Off-Road Motorcycles
o Snowmobiles

Significant aspects concerning the Vehicle landscape that are entailed in the report:
o Substantial details about the Vehicle spectrum of Off-Road Vehicles Market are provided in the report.
o The study mentions the revenue projection of the Vehicle categories by the end of the forecast duration.
o The market share that every Vehicle segment will accumulate is given in the report.
o The current and future trends characterizing the Vehicle landscape are also provided in the report.

Application evaluation:

Application categorization: As per the report, the Application landscape of the Off-Road Vehicles Market is split into -
o Utility
o Sports
o Recreation
o Military

Significant aspects concerning the Application landscape that are entailed in the report:
o Substantial details about the Application spectrum of Off-Road Vehicles Market are provided in the report.
o The study mentions the revenue projection of the Application categories by the end of the forecast duration.
o The market share that every Application segment will accumulate is given in the report.
o The current and future trends characterizing the Application landscape are also provided in the report.

As per estimates, North America alone accounted for 50% of the global ATV market in 2017. This meteoric rise of ATV sales in North America can mainly attributed to increasing recreational activities and a growing trend of employing ATVs for other non-recreational activities like patrolling national forest, mountain trails, surveying agricultural lands, under-development residential lots and traversing tricky terrain during hunting activities. Powered by the ATV's exceptional performance ability to travel in rough terrains, off-road vehicles market share from ATVs is anticipated to register a CAGR of 3.5% over 2018-2024.

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According to a 2017 report by the Specialty Equipment Market Association (SEMA), the mainstream use of UTVs has predominantly been in commercial activities. In today's scenario, UTVs designed for commercial activities are far outselling the ones designed for purely recreational activities, as a result, the UTV segment held over 45% of the revenue shares of the off-road vehicle market in 2017. These sales numbers could also be attributed to the advantages offered by added features like roll-cages, seatbelts, storage facilities and the ability to seat multiple passengers.

The Off-Road Vehicles Market research study is inclusive of a massive evacuation of the industry in question. The methodology used to derive valuable insights pertaining to the Off-Road Vehicles Market as well as the primary and secondary sources referred to have been elaborated in the report. Information pertaining to the financial data of mentioned shareholders and the present pricing trends are enumerated in the study.

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