The 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.
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 also likely to drive the demand for SSVs during the forecast period.
The global SSVs market is segmented into vehicle type as Utility, Recreational/Utility, and Sports. Utility SSV is projected to remain the largest segment of the market over the next five years, whereas the sports segment is likely to witness the highest growth during the same period, driven by an increasing preference of SSVs for sports purpose.
The global SSVs market is segmented into application type as Sports, Entertainment, Hunting, Agriculture, and Others. Sports and entertainment are the major applications which collectively occupied more than 50% of the SSVs market in 2017. Both applications are expected to remain the largest application segments over the next five years. All the major players are launching their SSV models targeting these applications.
North America is expected to remain the largest market for SSVs over the next five years, driven by the USA and Canada. Europe, another major region, is likely to grow at a healthy rate over the next five years, propelled by Germany and France. Asia-Pacific is a relatively very small market but is likely to witness the highest growth during the forecast period, driven by an increased demand for power sports in many countries including China, Australia, and India.
Key Topics Covered
1. Executive Summary
2. Side-by-Side Vehicles (SSVs) Market - Overview and Market Forces
3. Side-by-Side Vehicles (SSVs) Market Analysis - By Vehicle Type
4. Side-by-Side Vehicles (SSVs) Market Analysis - By Application Type
5. Side-by-Side Vehicles (SSVs) Market Analysis - By Region
6. Competitive Analysis
7. Strategic Growth Opportunities
8. Company Profiles of Key Players
- Arctic Cat Inc.
- BRP Inc.
- Deere & Company (John Deere)
- Honda Motors. Co. Ltd.
- Kawasaki Motors Corp.
- Kubota Corporation
- Polaris Industries Inc.
- Yamaha Motors Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/smgxkg/global_7_8bn?w=4
