Press release
All-Terrain Vehicle Market High Growth in Future | Global Key companies are Honda Motors, Kawasaki Motors, Suzuki Motor, Polaris Industries, Yamaha Motor, CFmoto, Arctic Cat, CECTEK, HiSun Motors, John Deere
All-Terrain Vehicle Market
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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.
All-Terrain Vehicle (ATV) Market by Product
• Sport ATV
• Sport Utility ATV
• Utility ATV
• Youth ATV
All-Terrain Vehicle (ATV) Market by Application
• Sports
• Entertainment
• Agriculture
• Military & defense
• Forestry
• Others
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Utility ATV will account for highest revenue share in the ATV market crossing USD 3 billion till 2024. These vehicles are critical for military & defense operations as they seamlessly work on rocky and rough terrain. These factors contribute significantly towards the high revenue generation. Cargo capacity and quick mobility of these vehicles on hard surfaces are of high importance in anti-terrorist operations and border security combats, which in turn propels the product usage, strengthening its penetration over the forecast timeframe.
Industry Growth drivers:
1. Increasing recreational off-road activities and health impacts
2. High investment in R&D and product innovation
North America all-terrain vehicle market size is projected to cross USD 4 billion over the forecast timeframe. Shifting trend towards extensive usage in various terrains including agricultural lands, forestry, and mountains across the region will contribute significantly to the revenue generation. U.S will account for major share in the region owing to presence of unpaved roads, large stretches of natural terrain, and large farms & ranches across the country. Moreover, presence of major ATV manufacturers such as Polaris Industries, BRP, and Arctic Cat will further support the region’s dominance till 2024.
Asia Pacific will exhibit over 5% CAGR from 2017 to 2024. Proliferating demand from the emerging economies including India and China will have a significant contribution towards the revenue generation. Numerous industry participants are focusing on setting their manufacturing units in these countries. For instance, in 2017, Scorpio decided to venture into ATV market in India. These initiatives by industry participants will induce immense potential to the region’s growth.
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Polaris Industries, Arctic Cat, Can-Am, Honda, and Yamaha are among the prominent participants in all-terrain vehicle market. Other noticeable players include Suzuki, Shuopu, KYMCO, John Deere, Cecktek, and Taiwan Golden Bee. Mergers and acquisitions are among prominent strategies implemented by the competitors to enhance their share in the industry. For instance, in 2015, Polaris acquired Hammerhead for expansion of its product portfolio.
The above information is provided on a regional and country basis for the following:
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• KSA
• UAE
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Email: sales@gminsights.com
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Description
View Full Report at: http://www.marketresearchreports.biz/analysis/740786
This report mainly covers the following
Product types including
Sport ATV
Utility ATV
Other ATV
Segment regions including (the separated region report can also be offered)
North America
Europe
Japan
China
Southeast Asia
India
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Polaris
Kawasaki
Yamaha
Arctic Cat
Honda
BRP
Suzuki
KYMCO
TGB
Cectek
HISUN
CFMOTO
XY FORCE
LINHAI
Feishen Group
ShuoPu
With 16 top producers.
Data including (both global and regions): Market Size (both volume -…
