ATV, Golf Cart & Snowmobile Manufacturing in Canada
Over the five years to 2018, the ATV, Golf Cart and Snowmobile Manufacturing industry in Canada is expected to grow at a modest rate, with much of this slow growth occurred during the middle of the five-year period, as plummeting oil prices damaged Canada's commodity-reliant economy. This decline was partially offset by the weak Canadian dollar, which boosted industry exports to the United States over the past five years. However, an expected increase in the national unemployment rate, coupled with modest growth in consumer spending, is expected to hinder industry performance. Over the five years to 2023, as the domestic economy stabilizes, the industry is projected to trend upward at a slightly faster rate than during the previous period. However, some headwinds remain as foreign producers, particularly those from Mexico, are expected compete vigorously for domestic demand.
This industry consists of businesses 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.