U.S. Off Road Vehicles Market – Top Key Players and Industry Outlook by 2024

U.S. Off Road Vehicles Market – Top Key Players and Industry Outlook by 2024

The U.S. Off Road Vehicles Market is set to grow from its current market value of more than USD 9 billion to over USD 13.5 billion, as reported in the latest study by Global Market Insights Inc.

 

Aided by remarkable technological progression in the global automotive industry, U.S. Off Road Vehicles Market has emerged as one of the most lucrative verticals in the recent years. The massive surge in demand for SSV (Side by Side Vehicles), snowmobiles, off-road motorbikes, and ATV (All-Terrain Vehicles) for military, sports, or recreational activities in the region have been identified as the key drivers behind the robust growth.

 

Get sample copy of this research report @  https://www.gminsights.com/request-sample/detail/3074

 

The U.S. Off Road Vehicles Market from snowmobiles vehicles is further expected to witness remarkable expansion trends with regional companies going the whole hog to cater to the consumer demand. An instance bearing testimony to the same is of the American manufacturer of snowmobiles, ATVs, and other sports vehicles, Polaris Industries. The company launched its new INDY EVO in January 2018 that could deliver a sporty and comfortable riding experience to fuel the riders’ passion for snowmobiling.

 

Another recent instance is of the globally popular snowmobile manufacturer BRP (Bombardier Recreational Products). The company has recently brought together its much-admired Ski-Doo REV Gen4 platform into four-stroke models that is expected to give riders the ultimate snowmobiling experience with enhanced engine options. Under its Ski-Doo brand, the company has also introduced the Rotax 900 ACE Turbo engine, OXYGEN helmet, and expansion of the 600R E-TEC engine into more ORV models.

 

The aforementioned instances vividly demonstrate the unrelenting quest of the U.S. off-road vehicles industry players to improve rider experience with innovation and technologically advanced products. It is important to mention that besides snowmobile vehicles, off-road motorcycles are also witnessing lucrative growth avenues. Statistics throwing in light on the same is of OIO, that claims the overall off-roading expenditure of the U.S. outdoor participants to be over USD 50 million in 2017. Estimates claim that with industry players following similar product portfolio expansion trend, the U.S. off-road motorcycles market to register a y-o-y growth rate of 6% by 2024.

 

In the coming years, the U.S. Off Road Vehicles Market expansion trends are expected to materialize along the current wave of electric vehicles in the global automotive industry. In fact, few companies have already embraced the shift towards sustainable design and have developed electric off-road vehicles with top speed ranging from 125 to 250 mph. It further remains to be seen how off-road vehicle manufacturers will take up with this new sustainability wave and launch cost-effective ORVs, given the change in consumer preferences and soaring environmental concerns.

 

In terms of the geographical landscape, California and Texas are expected to emerge as profitable growth avenues for potential investors in the U.S. ORVs market. If reports are to be believed, California accounted for 10% share of the overall industry share in 2017.

 

Get This Report Customized To Your [email protected] https://www.gminsights.com/roc/3074

 

Some Point from Table of Contents:

Chapter 4    U.S. Off Road Vehicles Market, By Vehicle

4.1    U.S. off road vehicles market share by vehicle, 2017 & 2024

4.2    All-terrain vehicles

4.2.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.2.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

4.3    Side by side vehicles

4.3.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.3.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

4.4    Off—road motorcycles

4.4.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.4.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

4.5    Snowmobiles

4.5.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.5.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

Chapter 5    U.S. Off Road Vehicles Market, By Application

5.1    U.S. off road vehicles market share by application, 2017 & 2024

5.2    Utility

5.2.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.2.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

5.3    Sports

5.3.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.3.2    Market estimates and forecast, by state, 2013 – 2024, (Units) (USD Million)

5.4    Recreation

5.4.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.4.2    Market estimates and forecast, by state, 2013 – 2024, (Units) (USD Million)

5.5    Military

5.5.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.5.2    Market estimates and forecast, by state, 2013 – 2024, (Units) (USD Million)

 

Browse complete Table of Contents (ToC) of this research report @

https://www.gminsights.com/toc/detail/us-off-road-vehicles-market