The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Outdoor Furniture Market.
It was estimated prior to this unanticipated outbreak that the Outdoor Furniture Market will reach CAGR of 4.8 % during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Outdoor Furniture Market Insights
Outdoor Furniture Market is likely to witness an impressive CAGR of 4.8% during the forecast period. The major factors such as rapid growth in home improvement industry across the globe accompanied by positive outlook for consumer spending in emerging nations, modern lifestyle and rapid socializing trends including outdoor dining at gardens, grilling & barbeque events, social gatherings, shift
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The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Water Heater Market.
It was estimated prior to this unanticipated outbreak that the Water Heater Market will reach CAGR of 4.3 % during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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The unforeseen movements in the worldwide markets on account of the abrupt episode of the COVID-19 infection have carried many major and minor quakes to ventures of all sizes including the Home Standby Gensets Market.
It was evaluated preceding this unexpected flare-up that the Home Standby Gensets Market
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Marine Outboard Engines Market Overview:
Outboard engines are the brightest stars of the marine industry as they represent the lion’s share of the marine engines market for the global recreational boating industry. In the USA itself, which is the biggest market for recreational boats, outboard engines account for more than 85% share of the total marine engines sold in the country. The history of marine outboard engines can be seen back in the early ’90s and have come along a long path of more than 100 years. The power of outboard engines gradually increased with the first 100 HP V-6 outboard engine was introduced in 1975. This gave the rise of 175- and 200-horsepower outboards on the market. In the past few years, the major push has been towards producing larger and more powerful outboard engines.
The Great Recession (2008-2009) greatly plunged the sales of marine outboard engines, throwing the sales even below to its previous decade level. (The USA
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The global off-road vehicles market offers healthy growth opportunities in the entire ecosystem and its size is projected to reach an estimated value of US$ 12.2 billion in 2024. Recovery of the global economy and increasing disposable income, growing recreational and touring activities, an advancement in the ORV technology, and increasing usage of ORVs in the agriculture and military operations are the major factors proliferating the demand for ORVs globally. The USA is the largest ORVs market due to its large stretches of natural terrain, unpaved roads, and large ranches and farms across the country.
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The global personal watercraft market offers a healthy growth opportunity and is likely to witness 4.7% CAGR during the forecast period of 2016 to 2021. The top brands in the global personal watercraft market are Sea Doo of the BRO Inc. and the FX Cruiser of the Yahama Motors. Recovery of the global economy and increasing disposable income are the major drivers of the personal watercrafts market.
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The global snowmobile market has an impressive history of more than six decades. During 1960’s, the snowmobile market gained popularity as a recreational vehicle in North America which led to the entry of more than hundred players in the market. They started competing with each other to gain the market share. Over a period of time, only four major players survived the competition and today, they remain as the key players, serving the global market. All the players have an excellent geographical presence serving North American as well as international market.
The snowmobile market offers a moderate growth opportunity and is likely to witness 3.5% CAGR during the forecast period of 2016 to 2021. Mountain and cross over are the most dominant snowmobile types and together, they accounted for more than 50% of the global snowmobiles market in 2015. Both the snowmobile types are likely to remain the largest types du
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ATVs were introduced to the North American market in 1971 by Honda Motors. Other Japanese major motorcycle manufacturers (Yamaha, Kawasaki, and Suzuki) entered the North American ATV market in the late 1970’s and early 1980’s. The growth in ATV market attracted North American companies like Polaris Industries, Arctic Cat and BRP Inc., which entered the ATV market in 1985, 1995, and 1998 respectively. In addition to major global players, there are a number of other Chinese and Taiwanese manufacturers who produce low combustion chamber engine based ATVs for local market.
The global All-terrain vehicles market offers a healthy growth opportunity and is likely to witness 5.8% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing disposable income are the major drivers of the all-terrain vehicles market. Increasing use of the ATV in the sports, agriculture, and ente
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