All-Terrain Vehicles (ATV) Market estimated to grow at impressive CAGR in the forecast period (2016-2021)

Summary:
The report on the All-Terrain Vehicles (ATV) Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2016-2021. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, All-Terrain Vehicles (ATV) Market is expected to inflate at impressive CAGR by the forecast period (2016– 2021).

As per the report, the market is segmented by:
• By Vehicle Type: Utility Vehicle, Recreational Vehicle, Sports Vehicle, Touring Vehicle, Others
• By Displacement Type: High CC, Mid CC, Low CC
• By Application Type: Agriculture, Entertainment, Hunting, Military, Sports, Others
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/118/all-terrain-vehicles-market.html

Highlights of the Report:

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.

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.

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.

Key Players of the Market

The market is consolidated in nature with five major players Arctic Cat Inc., Polaris Industries Inc., Honda Motors. Co., Ltd., BRP Inc., Kawasaki Motors Corp. holding together the major share in the market, with Arctic Cat Inc. being the key player.
Other important firms are Suzuki Motors, Yahama Motors Co., Ltd.

Features of the Report

The Report discusses about the working of the all-terrain vehicles, the various types, and the growth of the all-terrain vehicles in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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This release was published on openPR.