Off-Road High-Performance Vehicles Market Highlights:
The key players in the global Off-road high-performance vehicle market Wildcat (U.S.), AEV Conversions (U.S.), Zone Offroad (U.S.), Icon Vehicle Dynamics (U.S.), 4 Wheel Parts (U.S.), Extreme Offroad & Performance (U.S.), Stylin Trucks (U.S.), and Summit Racing Equipment (U.S.).
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Off-Road High-Performance VehiclesMarket Drivers and Restraints:
Yamaha led the volume race in the Off-road high-performance vehicle market with a market share of almost 30%, closely followed by Honda with approximately 23% market share. Yamaha’s WR450F is one of the biggest selling Off-road high-performance vehicles, along with YZ250F topping the sales charts for motocross. The motorcycle industry was going through a stabilizing period in the past few years.
The industry as a whole is expected to return to rapid surge in demand specifically with the industries Off-road high-performance vehicle segment growing in popularity among individuals. With every major motorcycle manufacturer pushing for product development and innovation in their Off-road segments, the market has flooded with high-quality products across various prices ranges. The shrinking global scooter market is another indication towards growing adoption of entry-level motorcycles by new customers in the market. Major automotive manufacturer Honda derives a significant chunk of its revenue for their motorcycle’s division (USD 410 million), of which Off-road high-performance vehicles is a major segment.
Global Off-Road High-Performance VehiclesMarket Segments Analysis:
The global Off-road high-performance vehicle market has been segmented, by channel as original equipment manufacturers and aftermarket. By application, the market has been segmented as recreation and defense. By geography the market has been segmented as Americas, Europe, Asia Pacific and Rest of the world.
Global Off-Road High-Performance Vehicles Market Regional Analysis:
The recent shift in the preference for mileage to vehicle looks and features is also expected to result in the high demand for Off-road motorcycles. The global Off-road High-performance vehicle is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. With major manufacturers investing in the booming automotive industry the Asia-pacific region, the Off-road High-performance vehicle is expected to witness rapid growth during the forecast period. Growing awareness among individuals regarding Off-road motorcycle events is expected to push the demand in this region. The market has been witnessing rapid growth in the last two years, owing to the rising sales of motorcycles, the shift of global players focusing on this region and technological advancements are giving much-needed thrust to the automotive Off-road High-performance vehicle. The Asia-Pacific region is still a budding region for the Off-road High-performance vehicle and is expected to boom during the forecast period.
Rest of the World comprises of the Middle East and Africa. The Middle East & Africa region has an emerging market owing to the increase in adoption of off-road vehicles in this region. The countries like Brazil are significantly contributing in the growth of the market, owing to the government initiatives, which are pushing for rapid development of the automotive components industry. Additionally, with the Middle Eastern governments looking to reduce their dependency on the oil and gas industry, there exist lucrative opportunities for various industries to thrive in this region.
The report for Global Off-Road High-Performance Vehicles Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
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 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
List Of Tables:
TABLE 1 EUROPE OFF ROAD HIGH PERFORMANCE VEHICLE, BY REGION 2011-2027, ($ MILLION) 19
TABLE 2 EUROPE OFF ROAD HIGH PERFORMANCE VEHICLE FOR OEM, BY REGION 2011-2027, (MILLION) 19
TABLE 3 EUROPE OFF ROAD HIGH PERFORMANCE VEHICLE FOR AFTER MARKET, BY REGION 2011-2027, (MILLION) 20
TABLE 4 EUROPE OFF ROAD HIGH PERFORMANCE VEHICLE FOR DEFENCE, BY REGION 2011-2027, (MILLION) 20
TABLE 5 EUROPE OFF ROAD HIGH PERFORMANCE VEHICLE FOR RECREATION, BY REGION 2011-2027, (MILLION) 20
TABLE 6 EUROPE OFF ROAD HIGH PERFORMANCE VEHICLE FOR OEM, BY REGION 2011-2027, (MILLION) 2
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL OFF-ROAD HIGH-PERFORMANCE VEHICLES MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 9 GLOBAL OFF-ROAD HIGH-PERFORMANCE VEHICLES MARKET, BY TYPE, 2015-2023 (USD MILLION)
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