All-Terrain Vehicle (ATV) Market 2018 Top Key Players: CFmoto, Honda Motors, Kawasaki Motors Corporation, John Deere, KYMCO, Arctic Cat, CECTEK, Linhai, Suzuki Motor, Polaris Industries, Taiwan Golden Bee and Yamaha Motor
The all-terrain vehicle business has also experienced an upsurge in multiple regions owing to unique ride experience. However, increasing demand for enhanced features such as integrated communication units and display monitor will consequently increase production costs and hamper the all-terrain vehicle market growth.
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Utility all-terrain vehicle is anticipated to gain highest revenue share in the ATV industry. The segment growth can be credited to its importance in military & defense sector as it seamlessly work on rough and rocky terrains. High cargo capacity along with fast mobility on hard surfaces are of greater importance in border security combats and anti-terrorist operations. This in turn will escalate the product usage, strengthening its adoption over the study period.
Top Key Players:-
The key players of global All-Terrain Vehicle Market are CFmoto, Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere, KYMCO, Arctic Cat, Bombardier Recreational Products, CECTEK, Linhai, Suzuki Motor Corporation, Polaris Industries, Taiwan Golden Bee and Yamaha Motor.
North America ATV market is estimated to surpass USD 4 billion by 2024 owing to shifting trends towards widespread usage in various terrains including mountains, forestry, and agricultural fields. The U.S. is expected to hold major share due to existing large stretches of natural terrain, unpaved roads, along with large farms & ranches. In addition, presence of established industry players such as BRP, Polaris, and Arctic Cat will further accelerate the regional dominance over the study period.
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Major Points of Table Of Content:-
3. All-Terrain Vehicle Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013- 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
220.127.116.11. End Users
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. Regional pricing
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
3.4.2. Cost structure analysis, 2016
3.5. Technology landscape
3.5.1. Infotainment systems
3.5.2. Hybrid ATV
3.6. Regulatory landscape
3.6.1. Consumer Product Safety Commission (CPSC)
3.6.2. California Air Resources Board's (ARB)
3.7. Industry impact forces
3.7.1. Growth drivers
188.8.131.52. Increasing recreational off-road activities and health impacts
184.108.40.206. High investment in R&D and product innovation
3.7.2. Industry pitfalls & challenges.
220.127.116.11. Environmental impact and safety concerns
3.8. Porter’s analysis
3.9. Growth potential analysis
3.9.1. New business opportunities
3.10. Competitive landscape
3.10.1. Strategy dashboard
3.11. PESTEL analysis
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Youth all-terrain vehicle will exhibit approximately 5% CAGR over the forecast time span. High prominence among the young generation along with increasing focus of industry players towards offering these bikes for multiple sports events will propel the segment size. Sports segment of the all-terrain vehicle market is expected to acquire 26% of the volume share by 2024. This can be attributed to rising racing and sports activities, particularly in developed countries.
Military & defense sector is predicted to pose a CAGR of about 4% between 2017 and 2024. Rising acceptance of the product at inaccessible locations for transportation purpose and supplying armor will improve the industry growth rate.
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