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Global Side by Side Vehicles Market

Written by maximizegeeta

Global Side by Side Vehicles Market (SSVs) is expected to reach US$ XX Bn by 2026 from US$ 5.11 Bn in 2019 at CAGR of XX %.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

 

Global Side-by-Side Vehicles (SSVs) Market is segmented by vehicle type application and region. Vehicle type is classified as a utility, recreational, and sports. The application is segregated into sports, entertainment, agriculture, military, hunting. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Side by side vehicles was commercially available in 2017. Side by side vehicle is small off-road vehicles that accommodate one to six people. This has been concerns about the risk of rollovers by side by side vehicles. Driving factor of the side by side vehicle market is rising in the production of new Side-by-side vehicles is driving the global automotive side by side vehicles market. The increasing disposable incomes and an incessant shift from ATVs to SSVs are the basic drivers that are growing the demand for side-by-side vehicles market.

An increasing use of Side by side vehicles in agriculture such as UTV and sports purposes are also likely to drive the request for Side by side vehicles during the forecast period (2018-2026). The recalls are owing to faulty door hinges, overheating engines, fuel leaks and braking issues in side by side vehicle. Side-by-side vehicles lack both the stability and safety features which were accessible in traditional automobiles. This is too hampering the growth of the global automotive side by side vehicles market is restraint of the market.

On the basis of vehicle type, Utility SSV is projected to remain the largest segment of the market during the forecast period, while the sports segment is likely to witness the highest growth during the same period, driven by an increasing preference of SSVs for sports purpose.

Based on the application, Sports and entertainment are the major applications which meet occupied more than 50% of the SSVs market in 2017. Both applications are expected to remain the largest application segments over the upcoming year. All the major key-players are launching their SSV models targeting these applications.

In terms of region, North America is dominating the 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 upcoming year propelled by Germany and France. Asia-Pacific is a rather 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 players operating on the global SSV market are, Kawasaki Motors Corp., Deere & Company (John Deere), Kubota Corporation, BRP Inc., Yamaha Motors Co., Ltd., and Honda Motors Co., Ltd. Development of new SSVs, vast product portfolio, Polaris Industries, in-house key component manufacturing

 

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Scope of the Global Side by Side Vehicles Market (SSVs)

Global Side by Side Vehicles Market (SSVs), by Vehicle type

• Utility
• Recreational
• Sports
Global Side by Side Vehicles Market (SSVs), by Application

• Sports
• Entertainment
• Agriculture
• Military
• Hunting
• Others
Global Side-by-Side Vehicles (SSVs) Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the Global Side by Side Vehicles Market (SSVs)

• Kawasaki Motors Corp.
• Deere & Company (John Deere)
• Kubota Corporation
• BRP Inc.
• Yamaha Motors Co., Ltd.
• Honda Motors Co., Ltd.
• Development of new SSVs
• Vast product portfolio
• Polaris Industries
• In-house key component manufacturing
• Arctic Cat Inc.

 

This Report Is Submitted By : Maximize Market Research Company

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