Presents a Research Report on Side-by-Side Vehicles (SSVs) Market 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: 2019-2024 email@example.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
Side-by-Side Vehicles (SSVs) Market Growth and Forecast Highlights & Drivers • The SSVs market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 9.2 billion in 2024. • Recovery of the global economy, increasing disposable income, and an incessant shift from ATVs to SSVs are the major factor that is 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. • North America is expected to remain the largest market for SSVs over the next five years, driven by the USA and Canada. • The USA is the largest global SSVs market due to its large stretches of natural terrain, unpaved roads, and large ranches and farms across the country. 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 increased demand for power sports in many countries including China, Australia, and India.
Market Insights • By Vehicle Type • Utility SSV is projected to remain the largest segment of the market over the next five years • The sports segment is likely to witness the highest growth during the same period, driven by an increasing preference of SSVs for sports purpose. • By Application Type • Sports and entertainment are the major applications collectively occupied more than 50% of the SSVs market in 2018. • 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. • By Region • North America is expected to remain the largest market for SSVs over the next five years, driven by the USA and Canada. • The USA is the largest global SSVs market due to its large stretches of natural terrain, unpaved roads, and large ranches and farms across the country. Europe, another major region, is likely to grow at a healthy rate over the next five years, propelled by Germany and France.
Competitive Insights • The development of new SSVs, vast product portfolio, in-house key component manufacturing, and wide geographical presence in the key markets are the key strategies adopted by the key players to gain a competitive edge in the market. • Key Companies Analysed • Arctic Cat Inc. (Acquired by Textron Inc. • BRP Inc. • Deere & Company (John Deere) • Honda Motors. Co., Ltd. • Kawasaki Motors Corp. • Kubota Corporation • Polaris Industries Inc. • Yamaha Motors Co., Ltd.
Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others
Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.
Market Segmentation • By Vehicle Type • Utility Vehicle • Recreational/Utility Vehicle • Sports Vehicle • By Application Type • Agriculture • Entertainment • Hunting • Military • Sports • Others • By Region • North America • Europe • Asia-Pacific • Rest of the World
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