{"id":5351,"date":"2019-04-12T02:06:16","date_gmt":"2019-04-12T02:06:16","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?page_id=5351"},"modified":"2020-07-31T15:49:52","modified_gmt":"2020-07-31T15:49:52","slug":"2020-small-task-oriented-vehicles-study","status":"publish","type":"page","link":"https:\/\/smallvehicleresource.com\/blog\/2020-small-task-oriented-vehicles-study\/","title":{"rendered":"2020 Small, Task- Oriented Vehicles Study"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>The Small Task-Oriented Vehicle Market Meets Urban\/Suburban Mobility ??? Trends from 2016, the Outlook to 2025<\/strong><br><\/h2>\n\n\n<p>In a new study on the small, task-oriented vehicle (STOV) market in the United States and Canada???the 10<sup>th<\/sup> in a biennial series published since 2000???Small Vehicle Resource (SVR), LLC describes an industry in midstream transition driven by:<\/p>\n<ul>\n<li>Climate policies, including zero emissions objectives, COVID-19 effects, and new technologies, which usher in the urban\/suburban mobility (USM) market and underpin an expanding consumer market for personal transportation vehicles, as well as commercial markets for light duty utility vehicles;<\/li>\n<li>The on-going transition from lead acid to lithium batteries will have a major positive impact, raising vehicle performance levels and augmenting vehicle longevity and recycling value;<\/li>\n<li>The maturing off-road utility and recreational UTV market remains fundamentally strong and highly competitive, and is poised to follow the automobile market and golf-car type vehicles into electrification???either because of market demands or tightened restrictions of ICE-powered vehicles.<\/li>\n<\/ul>\n<p style=\"padding-left: 240px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-9938\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote1-300x73.png\" alt=\"\" width=\"337\" height=\"82\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote1-300x73.png 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote1-768x187.png 768w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote1-500x122.png 500w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote1.png 902w\" sizes=\"(max-width: 337px) 100vw, 337px\" \/><\/p>\n<p style=\"text-align: left;\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; These factors, along with a strong traditional market, will put the industry on a 11% growth path for PTVs and slightly higher for light duty utility vehicles.&nbsp; Light duty utility vehicles have a major opportunity as a last-mile delivery vehicle.&nbsp; PTVs and LDUs will be largely electric.&nbsp; The industry and markets move from golf-centric to a more broad-based ???mobility-centric??? market. The off-road UTV market will also see more moderate growth, but remain an important segment of the STOV marketplace.<\/p>\n<h3><strong>Key industry segments and total market size<\/strong><\/h3>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The key segments are golf fleet, personal transportation vehicles (PTVs), light-duty utility vehicles (LDUs), and off-road utility and recreation vehicles. In total, these segments are forecasted to account for close to 1,200,000 new vehicles in 2025 and between $18 and $20 billion in retail sales.<\/p>\n<h4><strong>New and revised data for golf car-type vehicles (fleet, PTVs, light utility) <\/strong><\/h4>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This report, the 10<sup>th<\/sup> in the series, dating to 2000, develops the past five-year market trends from 2016 to 2019, with estimates for 2020 and projections to 2025.&nbsp; The key segments, as noted above, are golf fleet, personal transportation vehicles (PTVs), light-duty utility vehicles (LDUs), and off-road work and recreation vehicles.<\/p>\n<p style=\"padding-left: 240px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-9937\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote2-300x82.png\" alt=\"\" width=\"300\" height=\"82\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote2-300x82.png 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote2-500x137.png 500w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/2020-study-brochure-quote2.png 694w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<\/p>\n<p>This report updates all previous data based on the U.S. Department of Commerce Annual Survey of Manufacturers and grass-roots dealer surveys by SVR.&nbsp; The latter survey provides a new breakout of market data for PTVs and light-duty utility vehicles.&nbsp; (These are the two broad segments which make up the non-golf market, whose major participants are Club Car, E-Z-GO, and Yamaha Golf.)<span style=\"font-size: 1.2em; font-weight: 600;\">&nbsp;<\/span><\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; Overall, the market, with the exception of the golf fleet segment, should see steady growth and provide the opportunity for a major repositioning during the next five years.&nbsp; The repositioning will, through on-going product development, an evolution in urban and suburban transportation systems, and a new strategic focus, set the stage for a significantly broader market evolving throughout the forecast period.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SVR sees the following key developments in golf car-type vehicles, which are currently underway and are projected to continue into the forecast period:<\/p>\n<h4><strong>Updated Strategic Analysis of the Off-road (ORV) Market, Including Market Shares<\/strong><\/h4>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As the ORV market matures, growth rates decline, and company performance becomes more and more dependent on achieving market share and realizing operational cost savings.&nbsp; Despite lower expected growth, this industry segment continues to attract new companies, adding to the competitive intensity of the market.<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; While Polaris Industries is still the dominant major player, other companies such as Can-Am are gaining ground.&nbsp;The SVR report contains the latest market share numbers and a detailed, critical analysis of company strategies, and who is likely to come out on top.<\/p>\n<h4><strong>Updated National and State Regulations Affecting the Industry and Markets<\/strong><\/h4>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This report contains fully updated documentation of national and state regulations with regard to on-road restrictions, operating speeds, and greenhouse gas (GHG) goals and restrictions.&nbsp; Data in this chapter can provide guidelines and direction with regard to product development and marketing.<\/p>\n<h3 class=\"p1\"><em><strong>Who Could Benefit From This Study:<\/strong><\/em><\/h3>\n<p class=\"p2\"><strong>In light of the significant changes in store over the next five, even ten years, this report should be a ???must-read??? for:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li class=\"p2\">Product engineers\/developers<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li class=\"p2\">Marketing personnel covering both domestic and global markets;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li class=\"p2\">Corporate strategic planners\/executives;<\/li>\n<li class=\"p2\">Venture capitalists\/industry analysts<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"p1\"><a href=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2020\/07\/STOV10-2020-Mkt-Research-Brochure-1.pdf\">Study brochure with table of contents.<\/a>&nbsp;(PDF)<\/p>\n<p><span style=\"color: #000080;\"> <span style=\"color: #0000ff;\"><strong>Packages and fees:<\/strong><\/span><\/span><\/p>\n<ul>\n<li>Full package of industry report, special section on the pathway to personal and urban mobility, and PowerPoint: $4,550<\/li>\n<li>Industry report and power point $3,750<\/li>\n<li>Industry report only $3,250\n<p>Order before September 5 and receive the full package for the price of the industry report alone: $3,750.<\/p>\n<\/li>\n<\/ul>\n<hr>\n<p class=\"p1\">TO SUBSCRIBE: Steve Metzger, SVR Managing Director at &nbsp;<a href=\"mailto:smetzger@smallvehicleresource.com\">smetzger@smallvehicleresource.com<\/a>&nbsp;or&nbsp;(914) 293-7577<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Small Task-Oriented Vehicle Market Meets Urban\/Suburban Mobility ??? Trends from 2016, the Outlook to 2025 In a new study on the small, task-oriented vehicle (STOV) market in the United States and Canada???the 10th in a biennial series published since &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2020-small-task-oriented-vehicles-study\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5351","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/pages\/5351"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=5351"}],"version-history":[{"count":18,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/pages\/5351\/revisions"}],"predecessor-version":[{"id":9971,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/pages\/5351\/revisions\/9971"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=5351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}