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ATV and UTV Market is Projected to Reach $14,109.2 Million by 2025: Polaris Industries, Inc., Deere & Company., Kawasaki Motors Corp., U.S.A., Yamaha Motor Co., Ltd., ARCTIC CAT INC., Honda Motor Company.

04-19-2019 02:35 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

ATV and UTV Market is Projected to Reach $14,109.2 Million

Rise in trend of adventure sports and recreational activities, government rules to support driving of AVTs and UTVs, and its high demand in military activities are expected to propel the growth of the global ATV and UTV market.

Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global ATV and UTV market accounted for $7.63 billion in 2017 and is projected to garner $14.11 billion by 2025, registering a CAGR of 7.8% through 2025.

Need more details? Request a sample of the “ATV and UTV Market” report at https://www.alliedmarketresearch.com/request-sample/5154

Increasing trend of adventure sports and recreational activities, rise in demand for ATV and UTV in military activities, and government rules to support driving ATVs and UTVs on road are the major drivers of the market. However, ban on ATV and UTV driving wildlife area due to terrain damage and high maintenance cost hamper the growth of the global ATV and UTV market. On the contrary, increase in production of safer ATVs and UTVs are expected to create lucrative opportunities in the near future.

Global ATV and UTV market is divided on the basis of vehicle type, displacement, fuel type, application, and geography. Based on vehicle type, the market is segmented into ATV and UTV. The ATV segment held the highest share in 2017. Moreover, the UTV segment is expected to grow at a gradual growth.

On the basis of displacement, the market is bifurcated into less than 400 (CC), 400-800 (CC), and more than 800 (CC). The 400-800 (CC) segment dominated the market in terms of revenue in 2017. Based on fuel type, the market is divided into gasoline powered, diesel powered, electric powered, and solar powered. The gasoline segment held the largest share in 2017.

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Based on application, the market is segmented into utility, sports, and others. The sports segment for the ATV and utility for UTV reaped the highest market share in 2017. On the basis of end user, the market is divided into agriculture, military, mountaineering, and others. The mountaineering segment held the largest share in 2017. The market is analyzed according to geography and is divided into North America, Europe, Asia-Pacific, and LAMEA. North America region held the largest revenue in 2017, followed by the Asia-Pacific region.

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Global ATV and UTV market report includes the major market players such as Polaris Industries, Inc., Kawasaki Motors Corp., Deere & Company., Yamaha Motor Co., Ltd., U.S.A., Honda Motor Company, ARCTIC CAT INC., HISUN, BRP, Suzuki, and KYMCO.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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