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All Terrain Vehicle Market Research Study From 2018-2024 | Industry Trends & Key Players - BRP, American Honda Motor, Polaris Industries, Yamaha Motor, USA, Suzuki Motor of America, John Deere

11-27-2018 07:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Automotive Industry

All-Terrain Vehicle (ATV) Market

All-Terrain Vehicle (ATV) Market

All Terrain Vehicle Market size is estimated to surpass USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/765

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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1.Arctic Cat
2. Bombardier Recreational Products (BRP)
3. CECTEK
4. CFmoto
5. Honda Motors
6. Kawasaki Motors Corporation
7. HiSun Motors
8. John Deere
9. KYMCO
10. Linhai
11. Polaris Industries
12. Suzuki Motor Corporation
13. Taiwan Golden Bee (TGB) Co
14. Yamaha Motor

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/765

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.

All-terrain vehicle market from sports application is likely to capture around 26% of the volume share over the next eight years. High revenue generation can be attributed to increasing sports and racing events across the globe, especially in developed regions. Military & defense is expected to exhibit 4% CAGR till 2024. Increasing implementation in customized applications at inaccessible locations for supplying armor and transportation purposes will drive the industry growth.

Youth ATV is likely to grow significantly, exhibiting approximately 5% CAGR from 2017 to 2024. High prominence among youth across the globe coupled with rising focus of manufacturers towards providing these vehicles for various sports events will drive the industry growth. Availability of sports and smaller ATVs in both engine and actual size will further support the segment’s growth.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/all-terrain-vehicle-atv-market

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.

About Global Market Insights:

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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