All-terrain Vehicle Market 2019 is latest depth analysis report on Global All-terrain Vehicle Market. According to report Global All-terrain Vehicle Market is anticipated to prosper with a healthy 7% CAGR in the forecast period of 2019 to 2023. Report comprises All-terrain Vehicle Market key players sales, revenue, opportunity and risk assessment, market shares, sizein terms of volume with regional analysis from 2019 to 2023.
All-Terrain Vehicle Market is segmented by Vehicle Type (Sports Utility, Utility, Recreational, Sports, Touring, Others), Displacement (Low, Mid, High), Application (Sports, Entertainment, Agriculture, Military, Hunting, Others), and Region – Forecast till 2023.
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The prominent players in global all-terrain vehicle market are listed as 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) and to name a few.
The global All-terrain Vehicle market is gaining momentum due to technology and advancements knocking in the automotive industry. On this, Market Research Future study reveals that the global All-terrain Vehicle market is consistently expecting an expansion at 7% CAGR, during the forecast period (2018 to 2023). All-terrain Vehicle comprise of quad bikes, or quadricycles having large and robust tires, a wide seat that helps the driver to seat in a comfortable way along with a wide length handlebar for easy control and maneuverability to the driver. Growing Economy to Inflate All-terrain Vehicle Market during the Forecast Period: 2017-2023. All-terrain Vehicle Market to Gain Maximum Traction in the Coming Years: MRFR
Market Drivers & Trends:
The recent developments being made in automobiles, including designs and innovation, are the chief factors striking the market with substantial growth rate. The extra stability added to the feature of All-terrain Vehicle as compared to the other bikes is what makes it different and variant in the automobile industry. Even, these vehicles are also highly customizable and have high engine capacity ranges from 100CC to as high as 1000CC according to need and applications. Giant manufacturers such as Suzuki Motor Corporation from Japan was the first company to introduce the four-wheeled ATVs in 1982. The efficiency and performance of vehicle are creating ample opportunities to enter the market, which would take the market to expand more in the assessment period. These factors are some of the essential ones that are driving the market to achieve more valuation in the present.
On the other hand, the economy of the developed countries is becoming high, which is leading the manufacturers to invest more and more in the production of All-terrain Vehicle. At the same time, it has been observed that the purchasing power and spending capacity of the people have also increased with time, which has led to the market’s expansion at an exponential rate. Moreover, the recent trend of tourism has encouraged the bike riders to experience All-terrain Vehicle which have created an enormous demand, thus mainly contributed to the market’s growth. All these reasons justify the market to explore more in the future and to bring more opportunities for the new players to invest and bring new production line with more developments and innovation to the market as well as the product.
The global market for All-terrain Vehicle has been segmented by vehicle type, displacement, and applications.
In terms of vehicle type, the market splits into sports utility, utility, recreational, sports, touring, and more. Among which, the sports utility category is the most widely sold and is popular among customers as these are generally used explicitly for racing purpose. These vehicles are comparatively lighter, smaller and faster than other ATVs and are easy to maneuver, thus becomes easy to use.
Whereas, the utility ATVs are built with either four-wheel drive or two-wheel drive and are used for towing large and heavy loads and often fitted with hooks, fenders and other accessories to help in the cargo transport. The touring ATVs are used primarily for touring over long distances and can be maneuvered through several surfaces such as smooth roads, rocky terrains, uneven & muddy patches, and forest trails.
In terms of displacement segment, the market splits into low CC, Mid CC, and high CC.
In terms of application, the market splits into sports, entertainment, agriculture, military, hunting, and many more.
Region-wise analysis of the market is studied among the regions of North America, Asia Pacific, Europe, and Rest of the World.
Among these, North America region leads the global production and sales of all types of ATVs, mainly in the U.S. and Canada that have a vast and diverse landscape ranging from mountain ranges to huge forest spaces. ATV manufacturers in this region, thus, manufacture various vehicles, which can be used in different scenarios and landscapes such as snow racing, mountain terrain, rocky terrain, plain surface terrain. Thus, the ATV competition results in significant growth in tourism adding to the economy, which eventually leads to the growth of this market.
The Asia Pacific region led the Global All-Terrain Vehicle (ATV) Market in 2016. In Europe, the All-Terrain Vehicle (ATV) industry is witnessed to be expanding owing to the various initiatives taken by the European government. The region is likely to grow with the increase in the demand for mobility by masses. Mobility will be a significant factor contributing to the growth of the region during the forecast period. Also, there has been a surge in the training center development in Europe, which will add to the awareness about the skills and riding experience required to All-terrain Vehicle and would lead to growth of the market during the assessment period.
10.1 Honda Motor Company, Ltd. (Japan)
10.1.1 Company Overview
10.1.2 Products/Services Offering
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.6 SWOT Analysis
10.2 Polaris Industries Inc. (U.S.)
10.2.1 Company Overview
10.2.2 Products/Services Offering
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.6 SWOT Analysis
10.3 Yamaha Motor Company Limited (Japan)
10.3.1 Company Overview
10.3.2 Products/Services Offering
10.3.3 Financial Overview
10.3.4 Key Developments
10.3.6 SWOT Analysis
10.4 Bombardier Recreational Products (Canada)
10.4.1 Company Overview
10.4.2 Products/Services Offering
10.4.3 Financial Overview
10.4.4 Key Developments
10.4.6 SWOT Analysis
10.5 Arctic Cat (U.S.)
10.5.1 Company Overview
10.5.2 Products/Services Offering
10.5.3 Financial Overview
10.5.4 Key Developments
10.5.6 SWOT Analysis
10.6 Kawasaki Heavy Industries Ltd. (Japan)
10.6.1 Company Overview
10.6.2 Products/Services Offering
10.6.3 Financial Overview
10.6.4 Key Developments
10.6.6 SWOT Analysis
10.7 Suzuki Motor Corporation (Japan)
10.7.1 Company Overview
10.7.2 Products/Services Offering
10.7.3 Financial Overview
10.7.4 Key Developments
10.7.6 SWOT Analysis
10.8 CFMOTO Powersports Inc. (U.S.)
10.8.1 Company Overview
10.8.2 Products/Services Offering
10.8.3 Financial Overview
10.8.4 Key Developments
10.8.6 SWOT Analysis
10.9 KTM AG (Austria)
10.9.1 Company Overview
10.9.2 Products/Services Offering
10.9.3 Financial Overview
10.9.4 Key Developments
10.9.6 SWOT Analysis
10.10 BMW (Germany)
10.10.1 Company Overview
10.10.2 Products/Services Offering
10.10.3 Financial Overview
10.10.4 Key Developments
10.10.6 SWOT Analysis
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