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Rising Disposable Incomes Accelerate Uptake of Power Sports Vehicles across Globe

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Published on : Nov 24, 2016

ALBANY, NY, Nov 24, 2016: The research report, titled “Global Power Sports Market (ATV, SSV, Snowmobiles, Motorcycles & PWC): Industry Analysis & Outlook (2016-2020),” offers a thorough understanding of the overall market. The document assesses the market’s historical data and compares it to the present-day scenario to provide a fair trajectory of the global market. The comprehensive research report has been compiled using primary and secondary research methodologies which have helped the readers compile an exact and an accurate research report.

The various recreation and utility-oriented vehicles available in the global market are off-road vehicles (ORVs), including all-terrain vehicles (ATVs), snowmobiles, side-by-side vehicles (SxS), motorcycles, and personal water crafts (PWC). The industry is a based on the growing inclination of several high net worth individuals toward power sports as a status symbols. Thus, changing lifestyles are growing disposable incomes are also expected to boost the sales of power sports vehicles in the coming years. 

The research report includes an assessment of drivers and restraints present in the global market. According to analysts, the rapid pace of urbanization, expansion of international markets, and remarkable economic growth is expected to fuel the rise of the global power sports market. The noteworthy technological advancements and the introduction of electric off-road racing vehicles has also lent this market a significant impetus. Despite the steady market drivers, the market is being restrained by the growing environmental issues, rising concerns about global warming, and fluctuating prices of products.

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In terms of geography, the global power sports market is segmented into North America and Europe. Presently, North America power sports market holds a two-thirds of the overall market. The regional market is being driven by soaring demand for power sports vehicles all across the U.S. and Canada. Analysts anticipate that the snowmobile segment will lead the global market in the coming years. Furthermore, the motorcycle segment is also expected to regain momentum as economy regains strength. The document also explains the changes that Europe power sports market will witness in the coming years. The research report estimates the strengths, weaknesses, opportunities, and threats impacting the segments of the global market.

Some of the leading players operating in the global power sports market are Polaris Industries Inc., Honda Motor Co., Ltd., Yamaha Motor Co, Ltd., and Harley Davidson. The research report profiles these players and provides a thorough assessment of their business and marketing strategies, research and development plans, expansion strategies, and financial outlook for the near future. The report also includes an assessment of the threat of substitutes, bargaining power of suppliers and buyers, and the intensity of the competitive rivalry in the global market.

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