The All-Terrain Vehicle Market to experience an impressive growth of 5.8% CAGR during 2016-2021

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the All-Terrain Vehicle Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global All-Terrain Vehicle Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2016-2021.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.


The strategic market dissection

The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by
1. Vehicle Type (Utility Vehicle, Recreational Vehicle, Sports Vehicle, Touring Vehicle, Others)
2. Displacement Type (High CC, Mid CC, Low CC)
3. Application Type (Agriculture, Entertainment, Hunting, Military, Sports, Others)
4. Region (North America, Europe, Asia-Pacific and Rest of the World)

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https://www.stratviewresearch.com/118/all-terrain-vehicles-market.html

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The Growth Prognosis & its Drivers

ATVs were introduced to the North American market in 1971 by Honda Motors. Other Japanese major motorcycle manufacturers (Yamaha, Kawasaki, and Suzuki) entered the North American ATV market in the late 1970’s and early 1980’s. The growth in ATV market attracted North American companies like Polaris Industries, Arctic Cat and BRP Inc., which entered the ATV market in 1985, 1995, and 1998 respectively. In addition to major global players, there are a number of other Chinese and Taiwanese manufacturers who produce low combustion chamber engine based ATVs for local market.

The global All-terrain vehicles market offers a healthy growth opportunity and is likely to witness 5.8% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing disposable income are the major drivers of the all-terrain vehicles market. Increasing use of the ATV in the sports, agriculture, and entertainment purpose is likely to drive the demand during the forecast period. The US is the largest market for ATVs due to presence of large stretches of natural terrain, unpaved roads, and large ranches and farms across the country.


The Key players

The top players are Polaris Industries, Honda Motors, Yahama Motors, Arctic Cat Inc, BRP Inc, and Kawasaki Motors.

The undisputed Dominance of the North America

North America is expected to remain the largest market for ATVs in the next five years. The US is the growth engine of the North American and the global ATVs market. The US accounted for more than 50% of the global ATVs market in 2015. Asia-Pacific is a very small market but is likely to witness the fastest growth during the forecast period, driven by the high demand of power sports.

Emerging Trends: Side by Side is another off-road vehicle type and offers many advantages over ATVs, such as better riding experience, rollover protection bars, and ease of mobility. Over the last ten years, Off-road industry has noticed a continuous shift from ATVs to Side by Side vehicles.

ATVs are used in many applications, such as sports, entertainment, hunting, agriculture, military, and others. More than 50% of the ATV sales come from sports and entertainment applications. These applications are expected to remain the largest types in the next five years as well.

Click Here for Other Reports from Stratview Research in the Consumer Goods Industry: https://www.stratviewresearch.com/market-reports/Consumer-Goods.html

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This release was published on openPR.