Product and Service
Companies included in off-road vehicles sector in sports& recreational vehicles industry primarily design and manufacture recreational vehicles including off-road vehicles and other sports vehicles and towable trailers.
Demand for Product and Service
As indicated by the typical company data, the demand for ORV has been growing fast in the past two years probably as a result of increased income of consumers.
Sector’s Current, Trend, Causes behind trend, and Future
Current and Trend
It seems that the demand for off- road vehicles has been growing fast in the past two years.
It seems that the growth in demand for ORV products has expanded from relatively lower price categories to higher price categories.
Causes behind the trend
Generally, the demand for recreational vehicles has been related to consumers’ income and other macro-economy factors.
Companies may find that demand will continue to be strong but the growth in demand may slow down.