U.S. Off-Road Vehicles Market Share, Trends & Forecast, 2018 – 2024

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U.S. Off-Road Vehicles Market Growth, Analysis
Forecast To 2024
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Key Insights from U.S. Off-Road Vehicles Market

• Changing lifestyle with increasing participation
  in outdoor activities will positively influence
  the U.S. ORVs market share over the forecast
  period.
• The presence of various facilities is scaling up
  the ORV demand. The availability of off-road
  trail guides and travel communities are assisting
  events by providing easily accessible route data
  and plans. Moreover, the emergence of grants and
  funding for the development of trails will expand
  the U.S. ORVs market size from 2018 to 2024.
• Increasing utility activities, such as
  construction, agriculture, and mining, will
  propel the industry growth. ORVs are capable of
  operation on variable natural terrains and
  carrying heavy weights. High torque generation,
  superior traction, and stability further advocate
  its usage in non-conventional terrains. However,
  rising accidents and injuries arising from
  off-roading will restrict the U.S. off-road
  vehicles market size.
• Ongoing regulatory initiatives to enhance driver
  and passenger safety will boost product adoption.
  The rising adoption of safety gears will induce a
  significant potential in the U.S. off-road
  vehicles (ORVs) market share in the next six
  years.

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Continued
SSV leads the industry size owing to its
applications in sports, utility, and recreational
activities. Industry players are upgrading their
product portfolio for multiple functionalities
and more affordability. Moreover, easy finance
availability will escalate the U.S. ORVs market
growth over the forecast timeline. Off-road
motorcycles will witness around 6 CAGR in the
U.S. off-road vehicle (ORVs) market size over
forecast period. According to the OIO, in 2017,
the U.S. outdoor participants spent over USD 50
million in off roading. Industry participants are
expanding their product portfolio to serve larger
consumer base. Military application will
witness a steady growth in the U.S. off-road
vehicles market share with the adoption of ORVs
to carry artillery and soldiers in tough
terrains. Rising product demand in tactical
combat missions, search rescue, and security
patrol activities will enhance segment
penetration. Organizations, such as AMA, are
conducting off-roading events, such as Amateur
Championship, supporting the segment growth.
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Arizona Off-Road Vehicles Market, By Vehicle,
2017 2024, (USD Million)

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Major Companies in U.S. Off-Road Vehicles Market

• Polaris Industries
• Textron
• BRP
• Yamaha Motors

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Industry Coverage

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Regional Insights in U.S. Off-Road Vehicles
Market

• In 2017, California accounts for over 10 share
  in the U.S. off-road vehicles (ORVs) market with
  the presence of state parks and recreational
  areas driving the product demand. Organizations
  such as California State Parks are launching
  Grants Cooperative Agreements Program to
  promote OHV adaption. Arizona will witness steady
  growth owing to flexible regulations. For
  instance, Arizona allows the usage of
  California-registered vehicles in its state
  parks.
• Texas will witness strong growth with the
  increasing youth population participating in ORV
  activities. According to the U.S. Census Bureau,
  in 2017, the under-18 population rose to 7.37
  million with as increase of over 4.5 as compared
  to 2013. The growing youth population will propel
  industry share over the forecast period.
  Moreover, the Texas law allows the under-14 to
  drive ATVs under supervision, positively
  influencing the product demand.

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