All-Terrain Vehicle (ATV) Market 2018 Global Leading Company And Country Analysis 2023: Honda Motor, Polaris, Yamaha, Bombardier Recreational, Arctic Cat, Kawasaki, Suzuki, CFMOTO Powersports, KTM, And BMW

All-Terrain Vehicle (ATV) Market Research Report 2018 – Global Forecast to 2023, is latest research report on All-Terrain Vehicle (ATV) Industry, All-Terrain Vehicle (ATV) Market is to register high growth rate from 2018 to 2023. Report provides comprehensive information on Global All-Terrain Vehicle (ATV) Market historic, forecasted, and current industry statistics with regional outlook.

All-Terrain Vehicle (ATV) 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.

Key Companies In All-Terrain Vehicle (ATV) Market Analyzed Are:

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) are the other main players in this market.

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Global All-Terrain Vehicle (ATV) Market Highlights:

The governments have set various rules with respect to different age groups to mitigate the risk of accident. For instance, children below 12 years of age have to be under strict monitoring while operating all-terraine vehicles, which makes it a restraint for the person to ride the ATVs. Individuals in the age group of 12 - 17 years should have a valid ATV certificate which makes it difficult for such riders to ride the ATV. The factors mentioned above are expected to act as a major restriant for the All-Terrain Vehicle market during the forecast.

The strict government rules and regulation for ride an All-Terrain Vehicle (ATV) are expected to adversely impact the All-Terrain vehicle market in the future. Additionally the customer base of riders below 18 years of age, may not have proper guidance for riding the ATV, which may result into accident. This will be restraining factor for the growth of the market.

There are several factors responsible for the growth of the global all-terrain vehicle market. Firstly, the growing economy of the country is leading to higher purchasing power and spending capacity of individuals and societies for these leisure and adventure vehicles. Secondly, competitions involving all-terrain vehicles in the developed nations lead to greater tourism, which further drives this market. Thirdly, all-terrain vehicles present an easier option to people with disabilities or physical shortcomings to explore the natural terrain, which otherwise would have been a problem. All these reasons, justify the consistent expected growth of the global all-terrain vehicle market, which is expected to expand at 7% CAGR (2018 to 2023).

All-Terrain Vehicle (ATV) Market Segmentation:

On the basis of vehicle type, the sports utility category is the most widely sold and popular among customers. The sports utility ATVs are generally used explicitly for racing purpose. These vehicles thus tend be lighter, smaller and faster than other ATVs. These vehicles are easy to maneuver and thus, sudden and swift actions such as accelerating, and cornering become easier with their use. These are generally rear wheel drive, which in rare cases can be custom made and converted into a four-wheel drive vehicle. They are installed with robust and strong suspension system to ease the jerks while speeding or landing on the racing track. The utility ATVs are built with either four-wheel drive or two-wheel drive. They are generally used for towing large and heavy loads and thus, are often fitted with hooks, fenders and other accessories to help in the cargo transport. The touring ATVs have the same application as cruiser motorcycles. They are mainly used for touring over long distances. They can be maneuvered through multiple surfaces such as smooth roads, rocky terrains, uneven & muddy patches, and forest trails. These vehicles thus have larger engine capacity and a decent engine fuel mileage to aid long-distance travel. These are quite large in size compared to the sports utility vehicle but require less maintenance comparatively since the engine is not subjected to extreme and differential load over a short duration

Regional Analysis:

The increase in the government regulation for licensing and certificates will result in the decline for the sales of the vehicles during the forecast period. Many people lack proper certification in accordance with the safety requirements due to which there will be a decline in the buying criteria of the consumer. The stringency in the government standards and criteria can result in the decline of the market.

The Asia Pacific region dominated the Global All-Terrain Vehicle (ATV) Market in 2016, with North America and Europe closely following.

In Europe, the All-Terrain Vehicle (ATV) industry has been growing due to various initiatives taken by the European government. The region is expected to grow due to increase demand of mobility by masses. Mobility will be a major factor contributing to the growth of the region during the forecast period. There has been increase in the training center development in Europe which will add to their awareness about the skills required and riding experience pertaining to all-terrain vehicles. This will led to growth of the market during the forecast period.

Scope of the Report:

This study provides an overview of the global automotive temperature sensor market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive temperature sensors market by its application, product type, and vehicle type, and regions.

LIST OF TABLES:

Table 1 Global All-Terrain Vehicle Market: By Region, 2017-2023

Table 2 North America All-Terrain Vehicle Market: By Country, 2017-2023

Table 3 Europe All-Terrain Vehicle Market: By Country, 2017-2023

Table 4 Asia Pacific All-Terrain Vehicle Market: By Country, 2017-2023

Table 5 RoW All-Terrain Vehicle Market: By Country, 2017-2023

Table 6 Global All-Terrain Vehicle Market, By Displacement, By Regions, 017-2023

Table 7 North America All-Terrain Vehicle Market, By Displacement, By Country, 2017-2023

Table 8 Europe All-Terrain Vehicle Market, By Displacement, By Country, 2017-2023

Table 9 Asia Pacific All-Terrain Vehicle Market By Displacement, By Country, 2017-2023

Table 10 RoW All-Terrain Vehicle Market By Displacement, By Country, 2017-2023

Table 11 Global All-Terrain Vehicle By Vehicle Type Market: By Regions, 2017-2023

Table 12 North America All-Terrain Vehicle Market By Vehicle Type: By Country, 2017-2023

Table 13 Europe All-Terrain Vehicle Market By Vehicle Type: By Country, 2017-2023

Table 14 Asia Pacific All-Terrain Vehicle Market By Vehicle Type: By Country, 2017-2023

Table 15 RoW All-Terrain Vehicle Market By Vehicle Type: By Country, 2017-2023

Continued...

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