Hit the gas: As the domestic economy continues to expand, industry revenue is projected to grow
Over the past five years, the ATV, Golf Cart and Snowmobile Manufacturing industry in Canada has been growing at a CAGR of 1.3% and is expected to reach $4.0 billion in 2023, when revenue is projected to expand 4.3%. Steady expansion during the majority of the period was interrupted by the COVID-19 pandemic, which hampered industry activity in 2020. However, higher disposable income, affordable borrowing conditions and increased leisure time contributed to a strong recovery in industry revenue in 2021, bolstering industry profit. Industry growth is estimated to have been driven by both foreign and domestic demand as overall revenue from imports has fallen while exports have rose in recent years. Industry profit, measured as earnings before interest and taxes, will likely account for 5.2% of revenue in 2023.
This industry consists of enterprises 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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bombardier Recreational Products Inc.
Methodology
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