Press release
North America Youth ATV & UTV Market 2018 Forecast - Yamaha Motor, Honda Motors, Suzuki Motor, Polaris Industries
North America Youth ATV & UTV Market
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The gasoline engine dominated the fuel segment with over 94% revenue share over the projected timeframe owing to the vast network of fuel stations across the region. The availability of multiple models with varied engine alternatives in terms of capacity and power/torque outputs further supports the North America youth ATV & UTV dominance.
Youth ATV & UTV by Fuel
• Gasoline
• Electric
Youth ATV & UTV by Product
• ATV
• SSV/UTV
Youth ATV dominated the industry surpassing 80% share in 2017 owing to the lower stringent age requirements compared to the UTVs. The lower initial cost of these vehicles coupled with easier towing & parking capabilities will further augment the North America youth ATV & UTV market share till 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
All Wheels Canada, Apex ATV Racing, Apollo Motors, Arctic Cat, Bintelli Offroad, BMS Motors, Bombardier Recreational Products, DRR USA Inc., Hisun Motors, Honda Motors, Kawasaki Motors Corporation, KYMCO, Mademoto, Massimo Motor Sports, Polaris Industries, Rosso Motors, SSR Motorsports, Suzuki Motor Corporation, Tomride, USA Motortoys, Venom Motorsports, Yamaha Motor Corporation.
The youth UTV/SSV segment will showcase more than 6% CAGR over the projected timeframe. This can be credited to the growing trend towards opting UTVs for off-roading. The enhanced safety features offered by these vehicles including windshield, seatbelts, roll cage along with multiple seating capabilities will supplement the North America youth ATV & UTV business growth till 2024.
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The U.S. will dominate the North America youth ATV & UTV market with volume share at over 88% till 2024. Favorable climatic and geographical conditions along with the presence of several trails will support the regional dominance. Pennsylvania youth ATV & UTV market share will grow significantly at around 5 %CAGR over the study timeframe due to the increased youth participation and the presence of multiple trails maintained and operated by the PA DCNR.
Ontario province will dominate the revenue and volume with over 28% share till 2024. This dominance can be credited to presence of several clubs in the province actively promoting the maintenance and construction of trails. Multiple sports and recreational activities organized by the OFATV clubs further augments the business share over the projected timeframe.
Proliferating penetration of sports and recreational activities coupled with the increasing disposable income will drive the North America youth ATV & UTV market over the study timeframe. Increasing off-road trails and parks along with the availability of affordable youth ATVs and UTVs will further augment the industry growth.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/north-america-youth-atv-and-utv-market
Industry players are investing in R&D to introduce innovative features in their portfolio to differentiate from the competition. Introduction of several features including fully independent suspension, CDI, CVT, and EFI systems enhances the off-roading capabilities, thereby strengthening the North America youth ATV & UTV business growth.
The major industry participants in the North America youth ATV & UTV market place are Polaris Industries, KYMCO, Arctic Cat, Honda Motors, Yamaha Motor Corporation, Bombardier Recreational Products, and Suzuki Motor Corporation. Industry participants are engaged in mergers and acquisitions for enhancing their market share.
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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
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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 -…
