A new market study, titled “Discover Global Automotive Side By Side Vehicles (SSVs) Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
The report on the global Automotive Side By Side Vehicles (SSVs) Market covers a host of information. It presents the current scenario of the market and highlights the growth prospects during the forecast period. The forecast period the market is ascertained by taking 2019 as the base year and the end year stretches till 2025. The report offers a comprehensive and in-detailed study of the global Automotive Side By Side Vehicles (SSVs) Market by providing synthesis and summation of the accumulated data.
Key market segments covered
BY APPLICATION TYPE
- Utility SSVs
- Sports SSVs
BY SEATING TYPE
- Single-seated SSVs
- Double-seated SSVs
- Three and more-seated SSVs
- Asia Pacific
- North America
- South America
- Rest of the World
The report has been prepared by our team of experts by performing an in-depth analysis of the market and is further validated by the responses from industry experts. The entire market landscape is covered in the report and the projected valuation and size is also included. Not to mention, the report also dives deep into understanding the competitive landscape of the market by structurally and critically profiling the key vendors operating in the global Automotive Side By Side Vehicles (SSVs) Market. The competitive landscape of the market was created with the help of SWOT analysis.
The increase in 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 major driver that are growing the demand for side-by-side vehicles market. Increasing use of Side by side vehicles in agriculture such as UTV and sports purposes are also likely to drive the demand for Side by side vehicles during the forecast period.
According to Consumer Product Safety Commission (CPSC) there have been numerous recalls of side by side vehicles in the recent years. The recalls are due to Faulty door hinges, Overheating engines, Fuel leaks and Braking issues in side by side vehicle. This will hinder the global automotive side by side vehicles market. Side-by-side vehicles lack both the stability and safety features which was available in traditional automobiles. This is also hampering the growth of global automotive side by side vehicles market.
By application type
Utility SSV has the largest market due to the increasing agriculture activities globally and it is expected to grow in the forecasting period, whereas the sports segment has witness the highest growth in 2017, it is driven by the increasing preference of SSVs for sports purpose.
The federal chamber of automotive industries have estimated that in 2017 the SSV segment in Australia grew its share of the total motorcycle market from 19.9% in 2016 to 21.8% in 2017.
Polaris has the major market for SSVs in 2017 followed by Honda in second place and Yamaha at third place. In August 2018, American Honda announced that the return of its venerable side-by-side for the 2019 model year, featuring a mix of entertaining and capable machines sporting a wide range of new colors. In 2017, Caterpillar has introduced it’s first-ever Cat® utility vehicles, the gasoline-powered Cat CUV82 and diesel-powered CUV102 D.
The study of the global market was undertaken by using a combination of primary as well as secondary research methodologies. The report comprises key information about the market in both quantitative and qualitative manner. The qualitative side of the analysis includes various projection and sampling methodologies. On the other hand, quantitative analysis of the market includes surveys, expert opinions, primary level interviews, vendor briefings, and others.
Once our analysts collect this information the vendors and experts of the industry through a primary form of research, further efforts are put-in to validate the same. It is done by checking industry papers, financial products, databases, and other secondary sources of information. Additionally, the economic conditions globally and various macroeconomic indicators are analyzed and studied to come to a conclusive understanding of the global Automotive Side By Side Vehicles (SSVs) Market.
Major Key Points of Global Automotive Side By Side Vehicles (SSVs) Market
- GLOBAL AUTOMOTIVE SIDE BY SIDE VEHICLES (SSVs) MARKET-SCOPE AND METHODOLOGY
- GLOBAL AUTOMOTIVE SIDE BY SIDE VEHICLES (SSVs) MARKET –TRENDS AND DEVELOPMENTS
- INDUSTRY ANALYSIS
- GLOBAL AUTOMOTIVE SIDE BY SIDE VEHICLES (SSVs) MARKET SEGMENTATION BY PRODUCT
- GLOBAL AUTOMOTIVE SIDE BY SIDE VEHICLES (SSVs) MARKET – BY GEOGRAPHY
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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