The report on the global All-Terrain Vehicle (ATV) Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Pune, India - February 28, 2019 /MarketersMedia/ —
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).
All-Terrain Vehicle (ATV) are any non-road licensed vehicles that are used for recreational purpose or for riding off-the road. They can be driven on all-terrain roads including trail roads among others. They are most prepared in racing course, competitions, and adventure.
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Honda Motor Company, Ltd. (Japan)
Polaris Industries Inc. (U.S.)
Yamaha Motor Company Limited (Japan)
Bombardier Recreational Products (Canada)
Arctic Cat (U.S.).
Kawasaki Heavy Industries Ltd. (Japan)
Suzuki Motor Corporation (Japan)
CFMOTO Powersports Inc. (U.S.)
KTM AG (Austria) and BMW (Germany)
Market Segments Analysis:
On the basis of vehicle type, the sports utility category is the most widely sold and popular among customers. The sports utility ATVs are generally used explicitly for racing purpose. These vehicles thus tend be lighter, smaller and faster than other ATVs. These vehicles are easy to maneuver and thus, sudden and swift actions such as accelerating, and cornering become easier with their use. These are generally rear wheel drive, which in rare cases can be custom made and converted into a four-wheel drive vehicle. They are installed with robust and strong suspension system to ease the jerks while speeding or landing on the racing track.
The utility ATVs are built with either four-wheel drive or two-wheel drive. They are generally used for towing large and heavy loads and thus, are often fitted with hooks, fenders and other accessories to help in the cargo transport. The touring ATVs have the same application as cruiser motorcycles. They are mainly used for touring over long distances. They can be maneuvered through multiple surfaces such as smooth roads, rocky terrains, uneven & muddy patches, and forest trails. These vehicles thus have larger engine capacity and a decent engine fuel mileage to aid long-distance travel. These are quite large in size compared to the sports utility vehicle but require less maintenance comparatively since the engine is not subjected to extreme and differential load over a short duration
By region, the global automotive thermal management market has been segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW).
The increase in the government regulation for licencing and certificates will result in the decline for the sales of the vehicles during the forecast period. Many people lack proper certification in accordance with the safety requirements due to which there will be a decline in the buying criteria of the consumer. The stringency in the government standards and criteria can result in the decline of the market.
The Asia Pacific region dominated the Global All-Terrain Vehicle (ATV) Market in 2016, with North America and Europe closely following.
In Europe, the All-Terrain Vehicle (ATV) industry has been growing due to various initiatives taken by the European government. The region is expected to grow due to increase demand of mobility by masses. Mobility will be a major factor contributing to the growth of the region during the forecast period. There has been increase in the training center development in Europe which will add to their awareness about the skills required and riding experience pertaining to all-terrain vehicles. This will led to growth of the market during the forecast period.
All-Terrain Vehicle (ATV) Market Key Company
All-Terrain Vehicle (ATV) Market firms
The report for Global All-Terrain Vehicle (ATV) Market of Market Research Future covers extensive primary research. This is accompanied with a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a neat picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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
List Of Tables
Table 1 Global All-Terrain Vehicle (ATV) Market: By Region, 2018 2023
Table 2 North America All-Terrain Vehicle (ATV) Market: By Country, 2018 2023
Table 3 Europe All-Terrain Vehicle (ATV) Market: By Country, 2018 2023
Table 4 Asia-Pacific All-Terrain Vehicle (ATV) Market: By Country, 2018 2023
Table 5 RoW All-Terrain Vehicle (ATV) Market: By Country, 2018 2023
Table 6 Global All-Terrain Vehicle (ATV) Market, By Component, By Regions, 2018 2023
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
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