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(Transportation-News.com, January 01, 2019 )
Stratview Research has published a new research report on Side-by-Side Vehicles Market. This extensive report by Stratview Research analyses the growth of Side-by-Side Vehicles Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Utility Vehicle, Recreational/Utility Vehicle, Sports Vehicle)
• By Application Type (Agriculture, Entertainment, Hunting, Military, Sports, Others)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/119/side%20-by-side-vehicles-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/119/side%20-by-side-vehicles-market.html
Development of advanced SSVs
Next five years for the global side-by-side vehicles (SSVs) market seem vigorous with sizeable growth opportunities for both existing as well as new players. The SSVs market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 7.8 billion in 2023. Recovery of the global economy, increasing disposable income, and an incessant shift from ATVs to SSVs are the major factors that are burgeoning the demand for side-by-side vehicles market. Increasing preference of SSVs in sports, agriculture, and entertainment purposes are also likely to drive the demand for SSVs during the forecast period.
SSV has earned its ways in the power sports industry and has voyaged a disruptive journey of over 20 years. Previously, SSVs were preferably used as utility vehicles, later started gaining traction in sports and recreational purposes. An SSV is more like a car and has a steering wheel and pedals. It is equipped with seat belts and rollover protection bars and allows the driver and passenger to sit side-by-side in the vehicle.
Top market players
The supply chain of this market comprises raw materials suppliers, component manufacturers, SSV manufacturers, and distributors. The global market for SSVs is highly consolidated with the presence of global as well as regional players. Major SSV manufacturers are Polaris Industries, 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, in-house key component manufacturing, and wide geographical presence in major markets are the key strategies adopted by the major players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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