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(Transportation-News.com, January 03, 2019 )
Stratview Research has published a new research report on Off-Road Vehicles (ORVs) Market. This extensive report by Stratview Research analyses the growth of Off-Road Vehicles (ORVs) Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (All-Terrain Vehicles (ATVs), Side-by-Side Vehicles (SSVs))
• By Application Type (Agriculture, Entertainment, Hunting, Military, Sports, Others)
• By Product Type (Utility Vehicle, Recreation/Utility Vehicle, Sports Vehicle, Youth Vehicle)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/115/off-road-vehicles-ORVs-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/115/off-road-vehicles-ORVs-market.html
Increasing usage of ORVs
The global off-road vehicles (ORVs) market offers healthy growth opportunities in the entire ecosystem and is projected to reach an estimated value of US$ 11.1 billion in 2023. Recovery of the global economy and increasing disposable income, growing recreational and touring activities, an advancement in the ORV technology, and increasing usage of ORVs in the agriculture and military operations are the major factors proliferating the demand for ORVs globally. The USA is the largest ORVs market due to its large stretches of natural terrain, unpaved roads, and large ranches and farms across the country.
ORVs are four-wheel vehicles that are designed for off-road use and traversing rough terrain, dunes, swamps, and marshland. These vehicles can be multi-passenger as well as single passenger and can be used for various purposes including recreation, sports, fishing, hunting, as well as utility purposes on farms, ranches, and construction sites. The ORVs industry has a brilliant history of more than four decades.
Top market players
The supply chain of this market comprises raw material suppliers, component manufacturers, ATV and SSV manufacturers, and distributors, and buyers. The global ORVs is a highly consolidated market with the presence of global as well as regional players. The key ORV manufacturers are Polaris Industries, Inc., Honda Motor Co., Ltd., Yamaha Motors Co., Ltd., BRP Inc., Arctic Cat Inc., Deere & Company (John Deere), Kubota Corporation, and Kawasaki Motors Corp. New product development, vast product portfolio, wide dealer & distribution network, and proximity to the key markets are the key strategies adopted by the key 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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