Press release
Off-Road High-Performance Vehicles Market 2018 Key Players: Wildcat, AEV Conversions, Zone Offroad, Icon Vehicle Dynamics, Extreme Offroad
Market Highlights:Off-Road High-Performance Vehicle are serving military forces across the globe for over a century there has been a considerable increase in application of Off-road high-performance vehicles in defense. The introduction of all-terrain vehicles (ATV) resulted in a rapid decline in Off-road High-performance vehicle application in defense. Technological development and the introduction of electric motorcycles and hybrid electric motorcycles and four-wheelers has drastically changed the scope of the Off-road High-performance vehicle market specifically in the defense application.
The global Off-road high-performance vehicle market has been segmented, by channel as original equipment manufacturers and aftermarket. By application, the market has been segmented as recreation and defense. By geography the market has been segmented as Americas, Europe, Asia Pacific and Rest of the world. Yamaha led the volume race in the Off-road high-performance vehicle market with a market share of almost 30%, closely followed by Honda with approximately 23% market share. Yamaha’s WR450F is one of the biggest selling Off-road high-performance vehicles, along with YZ250F topping the sales charts for motocross. The motorcycle industry was going through a stabilizing period in the past few years. The industry as a whole is expected to return to rapid surge in demand specifically with the industries Off-road high-performance vehicle segment growing in popularity among individuals. With every major motorcycle manufacturer pushing for product development and innovation in their Off-road segments, the market has flooded with high-quality products across various prices ranges.
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Automotive Fuel Tank Major Key Players:
Wildcat (U.S.), AEV Conversions (U.S.), Zone Offroad (U.S.), Icon Vehicle Dynamics (U.S.), 4 Wheel Parts (U.S.), Extreme Offroad & Performance (U.S.), Stylin Trucks (U.S.), and Summit Racing Equipment (U.S.).
In the past couple of years, the motorcycle industry in the U.S. has witnessed a significant increase in the number of motorcycles sales and registrations. Motorcycle registrations have increased by an estimated 75% this year. Dominated by Harley Davidson, the motorcycle industry in the U.S. is going through a drastic change in depleting market share of Harley Davidson and increasing market share of smaller players. Off-road High-performance vehicle market has benefited from this shift in the past couple of years with market players such as Yamaha and Honda gaining significant ground on their competitors owing to their Off-road High-performance vehicle segments.
The recent shift in the preference for mileage to vehicle looks and features is also expected to result in the high demand for Off-road motorcycles. The global Off-road High-performance vehicle is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. With major manufacturers investing in the booming automotive industry the Asia-pacific region, the Off-road High-performance vehicle is expected to witness rapid growth during the forecast period. Growing awareness among individuals regarding Off-road motorcycle events is expected to push the demand in this region. The market has been witnessing rapid growth in the last two years, owing to the rising sales of motorcycles, the shift of global players focusing on this region and technological advancements are giving much-needed thrust to the automotive Off-road High-performance vehicle. The Asia-Pacific region is still a budding region for the Off-road High-performance vehicle and is expected to boom during the forecast period.
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