Global Side by Side Vehicles Market

1
Global Side by Side Vehicles Market (SSVs) is
expected to reach US 12.5Bn by 2026 from US
4.5Bn in 2017 at CAGR of 13.6. 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. 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
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