Global All-Terrain Vehicle (ATV) Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
All-Terrain Vehicle Market
Growing penetration of recreational activities and sports across the globe will drive the all-terrain vehicle market size over the forecast timeframe. Advancements in infotainment system offer superior entertainment and user-friendly experience with GPS tracking, Bluetooth connectivity, and mobile tracking facilities, thereby, enhancing the driving experience and boosting all-terrain vehicle market.
Rising technical development in quad bikes with upgraded performance and efficiency will boost all-terrain vehicle market size from 2019 to 2026. The large array of technologies along with independent suspensions, electric start and shaft drives offers enthusiasts with great riding exposure.
Innovative infotainment systems keep the drivers informed, up-to-date, connected and entertained. Moreover, reduction in component manufacturing cost will minimize the overall product price and, thereby improving product sales of the all-terrain vehicle.
The all-terrain vehicle market is segmented based on product, application, and geography. By product segment, the market is segmented into sports ATV, sports utility ATV, utility ATV, and youth ATV. By applications, the market is segmented as sports, entertainment, agriculture, military & defense, and forestry. Sports application is the major segment where the All-Terrain Vehicle is highly demanded and thus, it is expected to hold major market share in the forecast period owing to shifting consumer preference for recreational and adventurous sports backed by rising disposable income.
Key manufacturers including Polaris and Honda offer a wide variety of sports segment that showcases lightweight vehicle with the required suspension to handle turns, jumps, and bumps. These products are designed for different sports including recreation, hunting, and racing. The large scope of customization to cater increasing consumer demand provides enhanced all-terrain vehicle market growth opportunities.
Geographically, the all-terrain vehicle market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the XX% market share in 2018 and is expected have a higher growth rate in the forecast period owing to shifting trend toward extensive usage in several areas including agricultural lands, forestry, and mountains. Rising adoption of off-road and recreational activities will positively impact the industry expansion of all-terrain vehicle. Numerous snowmobile associations and clubs across the region conduct sports events yearly, leading to increased sales of these quad bikes and thereby propelling industry size during the forecast period.
The objective of the report is to present a comprehensive analysis of Global All-Terrain Vehicle (ATV) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global All-Terrain Vehicle (ATV) Market dynamics, structure by analyzing the market segments and project the Global All-Terrain Vehicle (ATV) Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global All-Terrain Vehicle (ATV) Market make the report investor’s guide.
All-Terrain Vehicle (ATV) market Scope
All-Terrain Vehicle Market, By Product
• Sport ATV
• Sport Utility ATV
• Utility ATV
• Youth ATV
All-Terrain Vehicle Market, By Application
• Military & Defense
All-Terrain Vehicle Market, By Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in the All-Terrain Vehicle (ATV) market :
• Arctic Cat
• Bombardier Recreational Products
• Honda Motors
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