A recent report published by Infinium Global Research on all-terrain vehicle (ATV) market provides an in-depth analysis of segments and sub-segments in the global as well as regional all-terrain vehicle (ATV) market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional all-terrain vehicle (ATV) market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global all-terrain vehicle (ATV) market. According to the report, the global all-terrain vehicle (ATV) market is projected to grow at a CAGR of 4.24% over the forecast period of 2019-2025.
Market Insight
The automotive industry is evolving as the innovative products are developed for specific requirements of the consumers. All-terrain vehicles (ATVs) fulfill the requirements of off-roading high-performance mobility. They serve various consumers in sports, entertainment, military as well as agriculture activities. The ATV market is consolidated in nature with few market players controlling a large part of the share in the market. The key players in the market including Polaris Industries, Inc., Bombardier Recreational Products Inc., Textron Inc., Honda Motor Co Ltd, Kawasaki Motors Corporation, and others are focusing on developing products with low emission and strengthening their regional presence.
The increase in off-road sports activities is the key factor driving the ATV market. The growing popularity of recreational activities such as outdoor hiking, mountain riding, and other off-road sports among the young population has augmented the demand for ATVs. Moreover, the rise in the disposable income of consumers is projected to propel the growth of the ATV market. Rapid industrialization and the growing working-class population has improved the spending capacity of consumers, which in turn supports the growth of the ATV market. Furthermore, the growth in demand for ATVs in the military, and agriculture applications is expected to boost the ATV market. Due to their excellent performance in all types of terrain conditions, the demand for ATVs from the military, and the agriculture sector has increased. However, the increase in the accident rate related to ATVs is the major restraining factor for the ATV market. Nonetheless, the growing investment by the manufacturers to improve performance and consumer experience is expected to provide opportunities in the future.
In terms of geography, the all-terrain vehicle (ATV) market in North America generates the highest revenue. The all-terrain vehicle (ATV) market in this region holds a large amount of share of the global market. The domination of the North America region in the global all-terrain vehicle (ATV) market attributes to the increasing recreational activities, high disposable income of individuals, and government regulations regarding ATV designs. Moreover, the presence of multiple off-road parks and trails in the region is expected to boost the growth of the All-Terrain Vehicle (ATV) market in North America.
Segment Covered
The report on the global all-terrain vehicle (ATV) market covers segments such as type, and application. On the basis of type, the sub-markets include sports, sports utility, utility, recreational, and other types. On the basis of application, the sub-markets include sports, entertainment, agriculture, and military & defense.
Companies Profiled:
The report provides profiles of the companies in the market such as Polaris Industries, Inc., Honda Motor Co Ltd, Kawasaki Motors Corporation, Bombardier Recreational Products Inc., Textron Inc., Yamaha Motor Company Limited, Suzuki Motor Corporation, CFMOTO, Inc., KTM AG, Deere & Company, and Other Companies.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of all-terrain vehicle (ATV) market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
