Industry Analysis & Industry Trends
Fluctuations in consumer disposable income directly influence the financial performance of the ATV, Golf Cart and Snowmobile Manufacturing industry. With the economic recovery accelerating in recent years, unemployment continued its downward trend, approaching its prerecessionary levels. As more consumers find work and earn a steady paycheck, many are purchasing ATVs, snowmobiles, personal watercrafts and other recreational vehicles. Over the next five years, downstream demand is expected to increase as the economy continues to recover and consumers increase spending. The industry's ultimate success depends on how well manufacturers keep up with consumer preferences.
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Industry Report - Industry Locations Chapter
The ATV, Golf Cart and Snowmobile Manufacturing industry is concentrated in three areas: the Southeast, Great Lakes and the West. These three regions account for more than 60.0% of all establishments in the industry. The state with the largest share of industry revenue is California, accounting for 13.8% of all establishments.
The Southeast is the leading region for industry establishments with 23.9%. Although the Southeast does not have one particular state that dominates the industry in terms of number of establishments, industry participants are spread throughout each state. For instance, South Carolina is home to Honda ATV factory operations and Florida is home to E-Z-Go, one of America's largest golf cart manufacturers... purchase to read more