What’s driving the All-Terrain Vehicle Market growth? | Top Leading Key Players are Honda, Polaris Industries, Yamaha, and Can-Am, KYMCO, Cecktek, Shuopu, John Deere, Taiwan Golden Bee, Suzuki, Arctic Cat
The all-terrain vehicle business has also experienced an upsurge in multiple regions owing to unique ride experience. However, increasing demand for enhanced features such as integrated communication units and display monitor will consequently increase production costs and hamper the all-terrain vehicle market growth.
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Key strategy adopted by the all-terrain vehicle market players are mergers and acquisitions to improve their industry share. For instance, in 2015, Polaris acquired Hammerhead that helped in expanding company's product range.
Prominent industry participants of the all-terrain vehicle market are Arctic Cat, Honda, Polaris Industries, Yamaha, and Can-Am. Other notable industry players include KYMCO, Cecktek, Shuopu, John Deere, Taiwan Golden Bee, and Suzuki
Major table of content:-
Chapter 3. All-Terrain Vehicle Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013- 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
220.127.116.11. End Users
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. Regional pricing
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
3.4.2. Cost structure analysis, 2016
3.5. Technology landscape
3.5.1. Infotainment systems
3.5.2. Hybrid ATV
3.6. Regulatory landscape
3.6.1. Consumer Product Safety Commission (CPSC)
3.6.2. California Air Resources Board's (ARB)
3.7. Industry impact forces
3.7.1. Growth drivers
188.8.131.52. Increasing recreational off-road activities and health impacts
184.108.40.206. High investment in R&D and product innovation
3.7.2. Industry pitfalls & challenges.
220.127.116.11. Environmental impact and safety concerns
3.8. Porter’s analysis
3.9. Growth potential analysis
3.9.1. New business opportunities
3.10. Competitive landscape
3.10.1. Strategy dashboard
3.11. PESTEL analysis
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Youth all-terrain vehicle will exhibit approximately 5% CAGR over the forecast time span. High prominence among the young generation along with increasing focus of industry players towards offering these bikes for multiple sports events will propel the segment size. Sports segment of the all-terrain vehicle market is expected to acquire 26% of the volume share by 2024.
Asia Pacific all-terrain vehicle market share will pose more than 5% CAGR over the forecast period. Increasing demand from developing nations including China and India is contributing significantly in the revenue generation. Multiple industry players are focusing on establishing their production facilities in these countries which will pave growth opportunities for regional growth.
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