Off-Road High-Performance Vehicle Industry Global Market Insights Report 2018Posted by Abhijeet Bendre on December 6th, 2018 Off-Road High-Performance Vehicle Market Analysis From 2018 To 2023. Off-Road High-Performance Vehicle Market by Channel (OEM and Aftermarket), Application (Defense & Recreation) and by Regions - Global Forecast To 2023. Global Off-Road High-Performance Vehicle Market Highlights: Although the off-road vehicle industry hasn’t fully recovered ever since the recession, the recently stabilizing industry is witnessing a change in fortune with growing demand for motorcycles and four-wheelers alike and specifically Off-road high-performance vehicles. 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 motorcycles division (USD 410 million), of which Off-road high-performance vehicles is a major segment. 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. 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. For more information on this Off-Road High-Performance Vehicle Market – Global Market Report @ https://www.marketresearchfuture.com/reports/off-road-high-performance-vehicle-market-5526 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Info: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Pune, India., Like it? Share it! More by this author |