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

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

  • January 2021
  • 49 pages
  • ID: 4564558
  • Format: PDF
  • Ibisworld

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Upward slope: Manufacturers are expected to provide diverse models that target new demographics, boosting revenue

Abstract

ATV, Golf Cart & Snowmobile Manufacturing in Canada
Over the five years to 2019, the ATV, Golf Cart and Snowmobile Manufacturing industry in Canada is expected to decline. The industry reached a low point in 2017, but has experienced improvement since then as the Canadian economy has recovered from the collapse of global commodity prices between late 2014 and 2016 and the Canadian dollar has not appreciated from its 2017 levels. The strength of the loonie is highly correlated with the value of exports, which subsequently affects industry revenue. Furthermore, industry profit improved as the prices of aluminum and steel fell over the five years to 2019. Industry operators, which offer both seasonal and year-round products, including all-terrain vehicles (ATVs), golf carts, snowmobiles and personal watercrafts (PWCs), must contend with ample competition at home and abroad. Thus, operators are quick to respond to changing consumer preferences. Over the five years to 2024, as the domestic economy stabilizes, the industry is projected to trend upward.

This industry consists of enterprises that manufacture all-terrain vehicles (ATVs), snowmobiles, golf carts, personal watercrafts (PWCs) 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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