North America ATV And UTV Market 2021 Size, Status and Outlook - BRP Inc., Polaris Industries Inc., American Honda Motor Co. Inc., Kwang Yang Motor Co. Ltd

The North America ATV And UTV Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The North America ATV and UTV market was valued at USD 5.89 billion in 2019 and is anticipated to register a CAGR of about 4.81% during the forecast period (2020 - 2025).

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Top Leading Companies of North America ATV And UTV Market are BRP Inc., Polaris Industries Inc., American Honda Motor Co. Inc., Kwang Yang Motor Co. Ltd, Yamaha Motor Co. Ltd, Arctic Cat Inc., Suzuki Motor of America Inc., Kawasaki Heavy Industries Ltd, DRR USA Inc., Daymak Inc., Kubota Corporation, Deere and Compan and others.

Industry News and Updates

DRR USA has introduced an Stealth Electric ATV. This silent all-terrain vehicle that releases no harmful emissions into the atmosphere. It's comparable to a 600cc utility four-wheeler. Over the next few years, DRR USA intends to expand unit production of the Stealth Electric ATV with even more innovations and improvements in the ATV's future.

Key Market Trends

Government initiatives and Increasing Recreational Activities

The demand for ATVs is growing rapidly in the region, as new testing guidelines and stringent regulatory overview may lead to the incorporation of more safety features in new off-road vehicles, thus, boosting the growth potential of the market studied.

Governments are taking new initiatives, which may boost the demand for ATVs. Government authorities have increased the budgetary allocations to build new off-road trails, which may be helpful for recreational enthusiasts and boost adventure sports activities in the region.

The United States has various national parks, which have emerged as major geographical terrains. These assist the young ATV and UTV users to expand their commercialization scale.

- In 2013, out of the 398 park units in the United States, only 12 park units were open to public recreational use of all-terrain vehicles. The growing interest in riding ATVs among the consumers resulted in the introduction of more ATV riding parks in the country during 2014-2017. Additionally, in April 2017, the Georgia Department of Natural Resources announced a federal recreational trails grant of USD 1 million for the Bush Head Shoals State ATV Park, which helped the growth of the market.

Regional Outlook of North America ATV And UTV Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The North America ATV And UTV Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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