All-Terrain Vehicle Market 2019 Global Industry Analysis by Trends, Size, Sales, Merger, Acquisitions, Key Players with Forecast To 2023, is research report on “All-Terrain Vehicle Industry” published by Market Research Future. Report provides All-Terrain Vehicle Market Investment, Sales, Demand, Buyers, Vendors comprehensive analysis.
All-Terrain Vehicle Industry” published by Market Research Future. According to report Global All-Terrain Vehicle Market is predicted to grow at 7% Compound Annual Growth Rate by 2023. Report provides All-Terrain Vehicle Market Investment, Sales, Demand, Manufactures, Buyers, Vendors comprehensive analysis.— All-Terrain Vehicle Market 2019 Global Industry Analysis by Trends, Size, Sales, Merger, Acquisitions, Key Players with Forecast To 2023, is depth analysis research report on “
All-Terrain Vehicle Market segmented by Truck Type (Medium Duty and Heavy Duty), Material (Battery, Plug-In Hybrid, Hybrid, and Hydrogen Fuel Cell), Application (Logistic, Municipal, Others) and Region. BMW (Germany), Honda Motor Company, Ltd. (Japan), CFMOTO Powersports Inc. (U.S.), Yamaha Motor Company Limited (Japan), KTM AG (Austria), Arctic Cat (U.S.), Kawasaki Heavy Industries Ltd. (Japan), Suzuki Motor Corporation (Japan), Bombardier Recreational Products (Canada), and Polaris Industries Inc. (U.S.) are the notable players in the global all-terrain vehicle market.
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All-Terrain Vehicle Market 2019 To 2023 Highlights:
All-Terrain Vehicle (ATV) Market Driven by Rise in Number of ATV Experience Zones. Use of ATVs as Tourism Attraction to Spur All-Terrain Vehicle (ATV) Market Demand. Demand for Recreational Driving to Favor All-Terrain Vehicle (ATV) Market
All-terrain vehicles are a niche automotive segment that is designed with a seat height lower than that of traditional bikes and have four wheels. They are controlled by steering which allows the rider to maneuver through rougher terrains. Market Research Future (MRFR's) latest report on the global all-terrain vehicle market has predicted a CAGR of 7% over the forecast period of 2018-2023.
The use of ATVs has increased significantly with increasing interest in recreational riding, which is anticipated to be a major driver for the global all-terrain vehicle market. In recent years, ATV manufacturers and organizations have invested significantly in building niche ATV experience zones to provide consumers with off-road thrill of riding ATVs. ATV sports have gained widespread acceptability as an adventure sport, and the number of ATV circuits is increasing in various developed countries.
ATV adventure sports and off-road ATV experience is majorly used as tourist attractions. The governments in developed countries are also favoring the use for ATVs for converting thick forestry, mountainous landscapes, agricultural fields into tourist spots which have further boosted the growth of the market.
ATVs have evolved over the years, and substantial progress has been made in their categories such as four-wheelers, quads, quad bikes, four-tracks, three-wheelers, quadricycles, and others. Massive R&D spending by manufacturers has led the advancement in fuel efficiency, design, engine technology, reduction in weight, transmission systems which have been to the growth of the market.
ATV vehicles are experience driven and are suitable only for use in a limited radius. lack of commercial viability and the risk of injuries are bottlenecks to the market growth. Additionally, ATVs are subject to various strict regulations which limit the sales of ATVs.
ATV Industry Segmentation:
The all-terrain vehicle market has been segmented based on vehicle type, displacement, and application.
By vehicle type, the all-terrain vehicle market has been segmented into sports utility, utility, recreational, sports, touring, and others. The sports utility sector segment is exhibiting considerable growth. Sports utility ATVs are lighter, faster, and smaller due to which they are extensively used for racing purposes. These vehicles allow easy maneuverability and swift actions such as accelerating and cornering.
Utility ATVs are used for towing large and heavy loads in cargo transport. The touring ATVs are used for touring over long distances as they can be maneuvered through smooth rough surfaces such as rocky terrains, uneven and muddy patches, and forest trails. Touring ATVs are large but require less maintenance as compared to sports utility ATVs.
By displacement, the all-terrain vehicle market has been segmented into high CC, low CC, and mid CC.
By application, the all-terrain vehicle market has been segmented into sports, entertainment, military, agriculture, hunting, and others.
ATV Market Regional Analysis:
Region-wise, the all-terrain vehicle market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is heading the overall production as well as sales of all types of all-terrain vehicles. Developed economies such as the US and Canada have vast and diverse landscapes where ATVs are extensively used for tourism purposes. Moreover, the US hosts annual ATV motorsports competition every year in various formats such as mountain terrain, plain surface terrain, rocky terrain, snow racing, and others. The existence of major market players in the region acts as a plus for the market growth.
Europe is an important revenue pocket for all-terrain vehicle market spurred by the presence of various ATV engine manufacturers in the region. The increasing popularity of trail riding and off-roading in the region has also been favorable for market growth.
The APAC and RoW markets are likely to be laggards over the forecast period. Absence of favorable landscapes limits the growth of the market.
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global All-Terrain Vehicle Market Share, By Displacement, 2016 (%)
FIGURE 9 Global All-Terrain Vehicle Market, By Displacement, 2015-2023 (USD MILLION)
FIGURE 10 Global All-Terrain Vehicle Market Share, By Application, 2016 (%)
FIGURE 11 Global All-Terrain Vehicle Market, By Application, 2015-2023 (USD MILLION)
FIGURE 12 Global All-Terrain Vehicle Market Share, By Vehicle Type, 2016 (%)
FIGURE 13 Global All-Terrain Vehicle Market, By Vehicle Type, 2015-2023 (USD MILLION)
FIGURE 14 Global All-Terrain Vehicle Market Share, By Vehicle Type, 2016 (%)
FIGURE 15 Global All-Terrain Vehicle Market, By Vehicle Type, 2015-2023 (USD MILLION
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