Off-Road High-Performance Vehicle Companies Reviewed Are: AEV Conversions (U.S.), Summit Racing Equipment (U.S.), Icon Vehicle Equipment (U.S.), Zone Offroad (U.S.), 4 Wheel Parts, and Icon Vehicle Dynamics (U.S.).
Off-Road High-Performance Vehicle Global Market Highlights:
Market Research Future recently issued a study report on this market. According to this report, the market will witness moderate progression during the projection period of 2017-2023. Off-road high-performance vehicles are specially designed to withstand extreme conditions. They can be driven or rode on and off gravel or paved surfaces. Off-road high performance vehicles can be distinguished by the presence of stretchy suspension, open treads, and large tires.
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The off-road vehicle industry is under a phase of recovery since the recession. The newly stabilizing sector is observing a positive change in fortune due to the increased demand for both motorcycles and four-wheelers, especially off-road high performance vehicles. The research report by Market Research Future presumes states that this market will expand at an above average CAGR throughout the projection period. The estimated revenue turnover numerals seem convincing as well and further add leverage to the assessment. Off-road high performance vehicle market is anticipated to witness notable gains because of two primary growth drivers – an upsurge in demand for all-terrain vehicles (ATVS) and the rising prominence of power sports.
Majority of the motorcycle manufacturers are making efforts to develop their services in the off-road segment. As a result of which, the market is currently flooded with a dozen of superior-quality products that range over various prices. The downturn experienced by the scooter market is another aspect that positively alters the off-road high performance vehicle market.
Market Segmentation:
- By application – Defense and recreation.
- By region – Asia Pacific, North America, Middle East & Africa and South America.
- By channel – After market and original equipment manufacturer.
- Comprehensive Regional Analysis
The research report by Market Research Future implies that the Asia Pacific will be in the lead throughout the forecast period of 2017-2023. It totals for the highest market share on account of population explosion, rapid expansion & expansion occurring in this region. The Asia Pacific has become the ideal investment avenue as it has a hugely successful automotive industry. In the last two years, the market in this region has observed significant growth due to higher motorcycle sales, technological advancements and the shifting concentration of market players towards this region.
The Middle East & Africa have emerged as a developing market. Its expansion can be ascribed to the higher adoption rates of off-road high performance vehicles. In countries like Brazil, the government is launching various initiatives and campaigns that expedite the progression of the market in this region. Moreover, the Middle Eastern governments are focusing on reducing their dependency on the oil & gas industry, which in turn creates an opportunity for this market.
Industry News:
Recently, Chevrolet, a global leader in the automobile industry unveiled the Chevy Colorado ZR2 AEV Concept. It has built this truck in collaboration with AEV Conversions. The ZR2 series is already off-road capable but the inclusion of AEV components makes it all the more sturdy.
Off-road high performance vehicle market is a highly competitive arena, to survive here the players need to upgrade their service offerings regularly. For doing so, they employ certain growth strategies like acquisitions, partnerships with other organizations and expansion of the business.
Intended Audience:
Manufacturers of Off-Road High-Performance Vehicle
Raw material suppliers for Off-Road High-Performance Vehicle
Government and research organization
Investment bankers and M&A Consultants
Scope of the report:
This study provides an overview of the global Off-Road High-Performance Vehicle market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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