Boston, MA -- (SBWIRE) -- 10/24/2016 -- An off-road vehicle is equipped with systems and functions for driving on and off the pavement or road surface. Large tires mostly characterize the vehicle with wide treads and adjustable suspension. Most off-roader vehicles feature higher ground clearance, enhanced suspension system, and wide profile tires, which provide better traction and low-end torque to drive through the roughest of terrains. Off-road vehicles are categorized as two-wheelers and four-wheelers including SUVs. Off-road high-performance vehicles are a sub-section of the off-road vehicle market, which are typically used for racing events. Off-road racing vehicles are used in various rallies and racing events worldwide. Some of the examples of racing events include Dakar Rally, Baja 1000, and World Rally Championship.

Technavio's analysts forecast the global off-road high-performance vehicle market to grow at a CAGR of 6.5% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global Off-road High-performance Vehicle Market 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global off-road high-performance vehicle market for 2016-2020. To calculate the market size, the report considers a top-down approach, where the market is derived from overall sales of Class 3 and Class 4 trucks.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Off-Road High-Performance Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Wildcat
-AEV Conversions
-Zone Offroad
-Icon Vehicle Dynamics

Other prominent vendors

-4 Wheel Parts
-Extreme Offroad & Performance
-Stylin Trucks
-Summit Racing Equipment

Market driver

-Growing payload capacity by trailer sway control: Improving adverse handling caused by crosswinds and traffic
-For a full, detailed list, view our report

Market challenge

-Persistent challenges related to design improvement of pick-up trucks
-For a full, detailed list, view our report

Market trend

-Electric off-road racing vehicles gaining popularity
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Wildcat, AEV Conversions, Zone Offroad, Icon Vehicle Dynamics,4 Wheel Parts, Extreme Offroad & Performance, Stylin Trucks, Summit Racing Equipment

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