Where Will be Off-road Vehicle Market in the next 5 years?


An off-road vehicle is one that is capable of being driven on and off paved or gravel surfaces. General characteristics include large tires with deep, open treads and a flexible suspension. These vehicles have a higher ground clearance ratio and higher traction to enable their access to trails and forest roads with rough and low traction surfaces. 


As per the latest market research report published by Technavio, the global off-road vehicle market will witness a demand of 261.47 thousand units during 2019-2023. The report provides a detailed analysis of the market based on type (side-by-side vehicles, all-terrain vehicles, and off-road motorcycle) and geography (MEA, APAC, Europe, North America, and South America).

Download the free sample report @ http://bit.ly/2nk7d3c

As the suspension is a differentiating factor in these vehicles, technological evolutions in these fields have had positive impact on the market and more investments are expected from manufacturers to enhance the performance of suspension systems during the forecast period.

MagneRide, developed by BWI Group, is technically most-advanced type of suspension system, which uses dampers where responses can be changed by electromagnetically controlling the properties of the damper fluid. 

In terms of performance advantages, MagneRide helps provide exceptional body motion control to keep the vehicle flat and stable even as the road heaves, pitches, and rolls. Anticipatory control strategies provide the means to enhance steering feel and transient oil motion. Stringent emission norms and growing awareness of environmental pollution and global warming have boosted the popularity of electric vehicles (EVs).

This has encouraged ATV manufacturers to develop electric ATVs (e-ATVs) which have low emission levels and low noise. Hybrid ATVs which run on electric power and conventional power are also being designed to reduce pollution. Therefore, the development of electric drivetrains for off-road vehicles is a critical trend that will gain traction during the forecast period and drive market growth at a CAGR of over 4%. To know the complete and in-depth analysis and forecast of off-road vehicle  market get the complete report by clicking the link below.

Get the Complete Report @ http://bit.ly/2lTKZEQ

Location: United States

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