adoption of utility vehicles in agriculture is expected to positively impact growth of the off-road
vehicle market.
Global Off-road Vehicles Market: Regional Insights
North America is expected to hold the largest market share in global off-road vehicles market in
over the forecast period. According to the Coherent Market Insights analysis, U.S. accounted for
over 50% of the global off-road vehicles sales in 2016. Moreover, high presence of automotive
parts providers in the region such as Visteon Corporation, Borgwarner Inc., and Lear Corporation
is expected to positively impact growth of the market in this region. Additionally, increasing
number of sport events such as mountain racing, dirt racing, and all terrain racing, organized in
the region is expected to further boost demand for off-road vehicles. Canadian Council of
Snowmobile Organizations and North American Council of Snowmobiles Associations conducts
sports events every year, which also has a positive impacts on the growth of the off-road
vehicles market in this region.
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https://www.coherentmarketinsights.com/ongoing-insight/off-road-vehicles-market-1384
Global Off-road Vehicles Market: Competitive Background
Key players in the global off-road vehicles market are Polaris Industries, Inc., Yahama Motor co.,
Ltd., Honda Motor Co., Ltd., Kawasaki Motor Co., Kubota Corporation, BRP Inc., Arctic Cat Inc.,
Deere and Company, Mahindra and Mahindra, Ford Motor Company, Volkswagen AG, and Land
Rover.
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