Off-Road Vehicles Market share research by applications and regions for 2017-2024

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Off Road Vehicles Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Key Insights from Off Road Vehicles Market

• Off-Road Vehicles (ORVs) Market size will witness
  notable gains owing to shifting trend towards
  power sports and rising demand for all-terrain
  vehicles (ATVs). Increasing consumer spending on
  sports leisure due to changing lifestyles will
  support the industry growth. Moreover, growing
  touring and recreational activities will support
  product demand.
• Strong outlook in military, sports, leisure and
  agricultural applications will propel off-road
  vehicles market growth. Rising product adoption
  in customized applications across several
  difficult terrains for transportation and
  military operations will drive industry demand.
• Rising demand for high performance automobiles,
  subjected to rough environments and landscapes
  have enhanced manufacturer focus towards
  sustainable designs technologies. Furthermore,
  growing emphasis on innovative automotive
  designs, stringent emission regulations and
  decrease in fossil fuel levels are major factors
  influencing off road vehicles price trend.

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Continued...

• U.S. based Specialty Vehicle Institute of America
  promotes and regulates the use of ATV approved
  equipment in cars including seatbelts and
  footrests. Regulatory standards regarding
  passenger numbers approved per vehicle and
  limitations on children below 16 years are key
  guidelines mandated by government to reduce
  injuries and fatalities.
• Off-road vehicles market share is segmented based
  on vehicle as side by side vehicles (SSVs) and
  all-terrain vehicles (ATVs). SSVs are expected to
  witness substantial growth rate in the forecast
  period. Increasing preference for SSVs over ATVs
  due to notable benefits including rollover
  protection bars, better riding experience and
  ease of mobility will drive industry growth.
• Based on application, global off-road vehicles
  market is bifurcated as sports, entertainment,
  agriculture, hunting, military and others. Sports
  entertainment hold a notable share in the
  overall industry share due to rise in
  recreational and touring activities along with
  technological advancement.

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Major Companies in Off Road Vehicles Market

• Polaris
• Honda
• Yamaha
• Arctic Cat
• Kubota
• Kawasaki
• John Deere
• Mahindra Mahindra
• Spark Minda

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Regional Insights in Off Road Vehicles Market

• North America off-road vehicles market is
  anticipated to remain leading industry share in
  forecast period. As per analysis, the U.S. alone
  accounted for over 50 of the industry share in
  2016. Rising number of amusement parks, all
  terrain racing and sports facilities will drive
  regional demand. Moreover, presence of large
  scale aftermarket providing customized kits and
  other automotive parts provides a positive
  outlook for industry demand.
• Asia Pacific off-road vehicles market will
  witness significant growth due to growing demand
  for power sports in Australia, India, China and
  Japan. Increasing aftermarket out path conversion
  of vehicles and rising popularity for racing
  events are key factors driving industry growth.
  For instance, Grand Prix Drivers' Association and
  Federation of Motor Sports Clubs of India
  conducts various sport events each year including
  FIA Asia Pacific Rally Championship.

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