All-Terrain Vehicle (ATV) Market – Global Industry Analysis and Forecast (2018-2026)
All-Terrain Vehicle (ATV) market size is valued at US$ 8.0 Bn in 2017 and expected to grow at a CAGR of 5% in the forecasting period. 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 2017 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.
REQUEST FOR FREE SAMPLE REPORT: https://www.maximizemarketresearch.com/request-sample/12678
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 has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the highest market share in 2017 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 timeframe.
Key player across the All-Terrain Vehicle industry are Arctic Cat, Bombardier Recreational Products, CECTEK, CFmoto, Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere and KYMCO. Global ATV market share is highly competitive due to the presence of well-established companies. Rising competition between new entrants and existing companies is projected to stimulate new product development during the forecast timespan. Manufacturers are expected to adopt several strategic approaches including collaborations, mergers & acquisitions and improved supply agreements to expand their customer base.
DO INQUIRY BEFORE PURCHASING REPORT HERE: https://www.maximizemarketresearch.com/inquiry-before-buying/12678
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
• Sports
• Entertainment
• Agriculture
• Military & Defense
• Forestry
All-Terrain Vehicle Market, By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the All-Terrain Vehicle (ATV) market :
• Arctic Cat
• Bombardier Recreational Products
• CECTEK
• CFmoto
• Honda Motors
• Kawasaki Motors Corporation
• HiSun Motors
• John Deere
• KYMCO
MAJOR TOC OF THE REPORT
Chapter One: All-Terrain Vehicle Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global All-Terrain Vehicle Market Competition, by Players
Chapter Four: Global All-Terrain Vehicle Market Size by Regions
Chapter Five: North America All-Terrain Vehicle Revenue by Countries
Chapter Six: Europe All-Terrain Vehicle Revenue by Countries
Chapter Seven: Asia-Pacific All-Terrain Vehicle Revenue by Countries
Chapter Eight: South America All-Terrain Vehicle Revenue by Countries
Chapter Nine: Middle East and Africa Revenue All-Terrain Vehicle by Countries
Chapter Ten: Global All-Terrain Vehicle Market Segment by Type
Chapter Eleven: Global All-Terrain Vehicle Market Segment by Application
Chapter Twelve: Global All-Terrain Vehicle Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of All-Terrain Vehicle Market Report at: https://www.maximizemarketresearch.com/market-report/all-terrain-vehicle-atv-market/12678/
About Us:
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Contact: +919607065656/ +919607195908
Website: www.maximizemarketresearch.com
