All-Terrain Vehicle Market 2018 Global Size, Share, And Leading Players Analysis: Polaris, Kawasaki Heavy, Suzuki Motor, Honda, CFMOTO Powersports, KTM, BMW, Yamaha, Bombardier Recreational, And Arctic Cat

All-Terrain Vehicle Market Highlights:
All-Terrain Vehicle Market growing at phenomenal compound annual growth rate by forecast period of 2018 to 2023. All-Terrain Vehicle Market is majorly driven by factors such as 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 Key Companies Market Analyzed for This Research Report 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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All-Terrain Vehicle (ATV) are any non-road licensed vehicles that are used for recreational purpose or for riding off-the road. They can be driven on all-terrain roads including trail roads among others. They are most prepared in racing course, competitions, and adventure.

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 must be under strict monitoring while operating all-terrain 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 restraint 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.

The global All-Terrain Vehicle (ATV) vehicle market has been segmented based on product as sports ATV, sports utility ATV, utility ATV and Others.  Based on application, the market has been segmented as sports & recreation, agriculture, military & defense and forestry. Based on basis of geography, the market has been segmented as Americas, Europe, Asia Pacific and Rest of the world. 

This MRFR All-Terrain Vehicle market perspective delivers a complete analysis of the opportunities of All-Terrain Vehicle system and its prospects over the next five years, until 2023. All the key parameters that are currently governing the course of the market were gauged thoroughly. The research objective also includes identification of primary growth enablers and threats for the market that are likely to emerge during the assessment period. It also includes risk assessment and evaluation of untapped growth pockets.

Regional Analysis:

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.

All-Terrain Vehicle Market Segmentation:

All-Terrain Vehicle Market segmented by Vehicle Type (Sports Utility, Utility, Recreational, Sports, Touring, Others), Displacement (Low, Mid, High), Application (Sports, Entertainment, Agriculture, Military, Hunting, Others), and Region.

Competitive Landscape:

The All-Terrain Vehicle market is witnessing intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations, as key factors that confront market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality driver state monitoring systems, to survive and succeed in an intensely competitive market environment.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

Continued...

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