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Showing posts with the label Off-Highway Recreational Vehicles Market Report

Off-Highway Recreational Vehicles Market: Hybridization Persists as a Major Trend

The report finds that off-highway recreational vehicles market has also been negatively impacted by product recalls and notable faults in prominent brands. The US$ 27.25 million civil penalty on Polaris Industries for failure to notify the United States Consumer Product Safety Commission (CPSC), and American Honda’s decision to recall nearly 65,000 recreational off-highway vehicles due to fire and burn hazard have led to a significant dent in consumer confidence. The increasing spate of product recalls and performance issues can create impediments to growth, finds the study. The report also finds that off-highway recreational vehicles landscape is tightly regulated in European Union, with Greenhouse Gas Reporting Program (GHGRP) having a major influence on product launches. Growing spending on outdoor recreation, especially among millennials, continues to be a driving force for the  off-highway recreational vehicles market , finds a new research study by Fact.MR. The market is l...