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

  • April 2017
  • 37 pages
  • Ibisworld
Report ID: 198819

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Out of gas: Growth will slow as the post-recessionary spike in demand subsides

Abstract
ATV, Golf Cart & Snowmobile Manufacturing in the US
The ATV, Golf Cart and Snowmobile Manufacturing industry is sensitive to changes in consumer spending. With the economic recovery accelerating in recent years, the industry has benefited from falling unemployment levels. The industry has also introduced several well-received products in recent years to lure a new class of customers. Despite these successes, revenue growth has been partially hindered by the appreciating US dollar and steep declines in exports to Canada. Fluctuating input prices and declining demand from the agricultural sector have also complicated industry expansion.

However, increases in total industry revenue, coupled with the adoption of ambitious cost-cutting strategies by larger industry operators, have translated to a sizable increase in profit margins over the five years to 2017. Since purchasing durable goods, such as a recreational vehicle, in one year typically precludes an individual from purchasing another in the immediate future, accelerating growth rates will become more difficult to maintain.

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 transport equipment listed here.

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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