Pune, India -- (SBWIRE) -- 05/29/2018 -- All-Terrain Vehicle (ATV) Market Highlights:
All-terrain vehicles also called as quad bikes, or quadricycles are vehicles with large and robust tires with low tire pressure, a wide seat that assists the driver to be seated in a comfortable position and are is fitted with a wide length handlebar allowing easy control and maneuverability to the driver. This automobile is designed to be ridden preferably as a single seater or with a pillion rider. The vehicle is designed to handle a large variety of terrains compared to other automobiles, which is not legal to be ridden on the streets of majority of countries, and thus, requires special permission for driving on the streets. All-terrain vehicles are generally designed to be ridden by a single operator, though some manufacturers design these vehicles to be ridden by the operator as well as the pillion riding passenger.
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All-Terrain Vehicle (ATV) Market Competitive Analysis:
The key players in global all-terrain vehicle market are Honda Motor Company, Ltd. (Japan), Polaris Industries Inc. (U.S.), Yamaha Motor Company Limited (Japan), Bombardier Recreational Products (Canada) and Arctic Cat (U.S.). Kawasaki Heavy Industries Ltd. (Japan), Suzuki Motor Corporation (Japan), CFMOTO Powersports Inc. (U.S.), KTM AG (Austria) and BMW (Germany) are the other main players in this market.
There are several factors responsible for the growth of the global all-terrain vehicle market. Firstly, the growing economy of the country is leading to higher purchasing power and spending capacity of individuals and societies for these leisure and adventure vehicles. Secondly, competitions involving all-terrain vehicles in the developed nations lead to greater tourism, which further drives this market. Thirdly, all-terrain vehicles present an easier option to people with disabilities or physical shortcomings to explore the natural terrain, which otherwise would have been a problem. All these reasons, justify the consistent expected growth of the global all-terrain vehicle market, which is expected to expand at 7% CAGR (2018 to 2023).
The global All-Terrain Vehicle (ATV) market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by product: Comprises electric power steering, electric air conditioner and others
Segmentation by Application: Comprises passenger car and commercial vehicles
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to account for largest market share due to increased government regulation to reduce emission. In December 2016, the Ministry of Environmental Protection (MEP), has issued the China 6 Emission Standard for gasoline and diesel vehicles. This standard will enable the manufacturers to move towards development of electric vehicles. The development of electric vehicles will result in the growth of All-Terrain Vehicle (ATV). North America is expected to be the second largest market. In North America, U.S. has dominated the All-Terrain Vehicle (ATV) market.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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