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All-Terrain Vehicle (ATV) Lighting Systems Market A Big Change to Business Growth

03-22-2021 09:58 AM CET | Tourism, Cars, Traffic

Press release from: Coherent Market Insights

All-Terrain Vehicle (ATV) Lighting Systems Market

All-Terrain Vehicle (ATV) Lighting Systems Market

All-terrain vehicles are also known as quad bikes. There are two variants of quad bikes: three wheeler and four wheeler. All-terrain vehicles are capable of reaching remote areas in dessert, mountains, and snow lands. The lighting systems of ATV can be categorized into: front lighting and rear lighting. Due to recent developments in LED technology, the demand for ATV lighting systems have increased in the recent years. For instance, companies such as Piaa Corporation have specially designed LED and halogen lights for all-terrain vehicles. Moreover, companies are also launching electric all-terrain vehicles. For instance, Ecocharger Company launched electric ATV vehicle in December 2018.

The global all-terrain vehicle (ATV) lighting systems market is expected to witness significant growth during the forecast period (2020โ€“2027). The market growth is majorly attributed to increasing number of ATV racing events across the globe. For instance, MX sports have scheduled 10 ATV events for the year 2020. Such racing events are increasing the popularity of ATV bikes and are expected to drive the market growth during the forecast period.

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What will be the market size of all-terrain vehicle (ATV) lighting systems in 2022?
The global market for all-terrain vehicle (ATV) lighting systems is expected to reach US$$ 118.4 Million by 2022.

What is the primary factor contributing to growth of the global all-terrain vehicle (ATV) lighting systems market?
Increasing popularity of ATV events is expected to drive growth of the global all-terrain vehicle (ATV) lighting systems market during the forecast period.

Which segment among suppliers held the largest market share in the global all-terrain vehicle (ATV) lighting systems market?
OEM segment held the largest market share, contributing 64.7% market share in terms of value in 2019.

Who are the key players operating in the global all-terrain vehicle (ATV) lighting systems market?
Key players operating in the global all-terrain vehicle (ATV) lighting systems market include Baja Designs, Lazer Star Lights, Nextech Industries, Oracle Lighting, Piaa Corporation, Plasmaglow, Polaris Industries, Vision X USA, Warn Industries, and Xprite.

Contact Us:-
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:-
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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