The next five years for the global side-by-side vehicles (SSVs) market seem vigorous with sizeable growth opportunities for both existing as well as new players. The SSVs market size is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 9.2 billion in 2024. Recovery of the global economy, increasing disposable income, and an incessant shift from ATVs to SSVs are the major factor that is burgeoning the demand for side-by-side vehicles market. Increasing preference of SSVs in sports, agriculture, and entertainment purposes are likely to drive the demand for SSVs during the forecast period.
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The global power sports market promises a healthy growth opportunity and is likely to witness healthy growth during the forecast period of 2018 to 2023. Recovery of the global economy and increasing disposable income are the major drivers of the power sports market.
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Golf carts are primarily used in the golf courses and country clubs by golfers to carry their clubs and other equipment. Golf cart saves labor & time, lets golfers transport their own clubs, lightens work for caddies, and encourages smoother and more enjoyable rounds. Apart from the golf courses & country clubs, golf carts are also preferred for carrying less heavy items or passengers for short distances in hotels, airports, shopping malls, and entertainment places. The golf car market has experienced significant decline over the past decade due to global economic crisis and limited number of golf courses and country clubs across the world.
The global golf cart market has a promising future with good growth opportunity and is likely to witness 4.2% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing the number of golf courses and country clubs are the major driver
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The semiconductor manufacturing process is extremely critical and sensitive where contaminations are measured in microns. Semiconductor seals are used to avoid contaminations by reducing particulates, lowering extractable, and resisting degradation in harsh plasma. The general trend in the semiconductor fabrication industry is to reduce maintenance. To reduce the maintenance cost, fabricators are demanding high-performance seals with a better life span.
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Indoor Robots Market is likely to witness an impressive growth during the forecast period. The growing use of robots in the domestic sector and their use in security services drive the growth of the indoor robots market globally. The development in R&D activities and the increasing trend of connected homes, and the Internet of Things (IoT) are likely to further strengthen the market in the coming years.
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Marine Propeller Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Increased demand for marine propellers from the new shipbuilding & repair market, growth in international seaborne trade and maritime tourism are the major factors expected to bolster the global marine propeller market.
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Marine Propeller Market Insights:
By Application Type:
Based on the application type, the market is segmented as merchant ships, naval ships, recreational boats, and others. The merchant ships segment is expected to witness the highest growth during the forecas
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Marine Engine Monitoring System Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Surge in international seaborne trade, increase in demand for deliveries of smart engines, recreational boats, and growth in maritime tourism are the key factors influencing the growth of the marine engine monitoring system market.
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Diving Equipment Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increase in the average income of the people, especially in emerging economies, such as India and Vietnam coupled with the dive tourism, majorly in the European region, is the prime factor underpinning the growth of the global diving equipment market.
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Drone Service Market is likely to witness an impressive CAGR of 57.2% during the forecast period. Increased requirement for qualitative data in various industries, growing use of drone services for industry-specific solutions, and improvised regulatory framework are the prime factors expected to bolster the growth of the global drone service market during the forecast period.
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Drone Service Market Insights:
By Application Type:
Based on the application type, the market is segmented as aerial photography & remote sensing, data acquisition & analytics, mapping & surveying, 3D modeling,
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