Global All-Terrain Vehicle Market 2018 Key Players are Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere, KYMCO, Linhai, Suzuki Motor Corporation, Polaris Industries, Taiwan Golden Bee, Yamaha Motor, Arctic Cat, Bombardier Recreational P

Market Overview:-

All-Terrain Vehicle Market segment in Youth 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.

Regulatory organizations such as All-Terrain Vehicle Safety Institute (ASI) promotes and controls the use of ATV approved components and accessories such as seatbelts, helmets, and footrest. Government has mandated rules on number of passengers and usage by children of less than sixteen years of age for minimizing fatalities and injuries.

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The emergence of several renowned automakers in all-terrain vehicle market is likely to have a major imprint on the future of ATVs. For instance, German-based world-class automaker, Mercedes-Benz has recently revealed its E-class ATV, which is going to be launched in 2018. In the newly revealed ATV, the company has included several advanced features such as sports beefier bumpers, plastic underbody protection, and typical body cladding focusing on consumer requirements. In addition, another well-known automaker, Jaguar is also planning to make various design variations in its Range Rover platform to make it feasible for ATVs. The recent development of highly advanced ATVs comprising various innovative features such as keyless entry, Wi-Fi hotspot, and powered gesture tailgate will thus boost all-terrain vehicle (ATV) industry share over the years ahead. Furthermore, it is imperative to state that Honda has also developed an autonomous ATV for off-road work such as firefighting, rescue missions, and agricultural purposes, in which the company has implemented varieties of attachments that would help carry out the aforementioned functions. The deployment of such multipurpose ATVs, undeniably, is slated to stimulate all-terrain vehicle market outlook.

 Top Key Players:-     

The key players of global All-Terrain Vehicle Market are Arctic Cat, Bombardier Recreational Products, CECTEK, CFmoto, Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere, KYMCO, Linhai, Suzuki Motor Corporation, Polaris Industries, Taiwan Golden Bee and Yamaha Motor.

Regional Segmentations:-

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.

Asia Pacific all-terrain vehicle market share will pose more than 5% CAGR over the forecast period. Increasing demand from developing nations including China and India is contributing significantly in the revenue generation. Multiple industry players are focusing on establishing their production facilities in these countries which will pave growth opportunities for regional growth.

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Major Points of Table Of Content:-

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

3.3.2. Manufacturers

3.3.3. Profit margin trends

3.3.4. Distribution channel analysis

3.3.4.1. End Users

3.3.5. Vendor matrix

3.4. Pricing analysis

3.4.1. Regional pricing

3.4.1.1.    North America

3.4.1.2.    Europe

3.4.1.3.    Asia Pacific

3.4.1.4.    Latin America

3.4.1.5.    MEA

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

3.7.1.1.    Increasing recreational off-road activities and health impacts

3.7.1.2.    High investment in R&D and product innovation

3.7.2. Industry pitfalls & challenges.

3.7.2.1.    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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With the surging inventions of novel agricultural equipment, farmers have been working toward major land cultivation, focusing on increasing productivity. The availability of innovative farming equipment has indeed reduced the generation gap between tradition and present farming technology. The involvement of technology in the agricultural sector is thus likely to prove beneficial for the smoother transition of agricultural management to next generation farming, setting the base for the expansion of ATV market. Most of the farmers are increasingly becoming adaptable to the use of technologies for improving overall farm productivity. For the record, the adoption rate of such technologies is higher in U.S. as compared to the other countries. As per Global Market Insights, Inc., over the coming years, North America will cover more than 50% of all-terrain vehicle market, owing to surging use of such technologically advanced equipment for forestry and agricultural purposes.

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