ATV, Golf Cart & Snowmobile Manufacturing in the US - Industry Market Research Report

ATV, Golf Cart & Snowmobile Manufacturing in the US - Industry Market Research Report

  • June 2019 •
  • 42 pages •
  • Report ID: 198819 •
  • Format: PDF
Lower gear: Growth will slow due to industry products’ overall durability

Abstract

ATV, Golf Cart & Snowmobile Manufacturing in the US
The ATV, Golf Cart and Snowmobile Manufacturing industry produces many of the most popular recreational vehicles on the market. Consequently, the industry’s performance is sensitive to changes in consumer spending. As unemployment has fallen to the lowest levels in the past decade, more Americans work and generate higher levels of disposable income. This trend explains why many Americans are purchasing more high-value items such as recreational vehicles, stimulating industry revenue growth over the five years to 2019. The adoption of automation by larger industry operators, coupled with an upswing in already volatile input costs, have translated to a small decrease in profit margins over the five years to 2019. Given the increased efficiency and ability to better offset input costs of larger operators, the industry has remained relatively consolidated. The future of the industry’s performance is tied to the continued performance of the US economy and its effect on disposable income, which is expected to grow over the next five years.

This industry consists of businesses that manufacture all-terrain vehicles (ATVs), snowmobiles, golf carts, personal watercraft or other transport equipment. It also includes businesses that manufacture equipment and parts for the aforementioned transport equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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