Global Sports ATV Equipment Market to grow at a CAGR of 5.03% during the period 2017-2021

Summary

Orbis Research Present's Global Sports ATV Equipment Market 2017-2021 which Examine into the present trends, highlights the recent market growth, sales volume, Demand Scenarios and Opportunities emerging for business players in the near future.

Description

Market and Industry Overview – Global Sports ATV Equipment Market 2017-2021
the following companies as the key players in the Global Sports ATV Equipment Market: Arctic Cat, BRP, Honda Motor Company, Polaris Industries, and Yamaha Motor Corporation.

Other Prominent Vendors in the market are: Fox Racing, Kawasaki Motors, KYMCO, and Leatt.

Commenting on the report: “The latest trend gaining momentum in the market is advent of eco-friendly ATVs. As a result of the growing concern about preserving the environment, sporting goods manufacturers across the globe are adopting ways that make the product environmentally more responsible and eco-friendly in nature. ATVs are normally not known for being very environment-friendly in nature, while most of the vehicle's emissions are harmful to nature. With an increasing number of cars and trucks turning toward diesel, ATVs are also seen moving in the same direction.”

According to the report, one of the major drivers for this market is growing popularity of off-road recreational activities. The number of sports enthusiasts for activities like backpacking, scuba diving, rafting, snorkeling, mountain biking, and dirt racing has been increasing. The popularity of such activities can be attributed to the need for leisure with a busy lifestyle of today's global population, especially in the urban areas. On a global scale, the need for leisure is especially evident among people who come under the age bracket of 25-44 years. For instance, in 2015, approximately 56% of the US population participated in such off-road recreational activities belonging to this age group

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Further, the report states that one of the major factors hindering the growth of this market is high risk of injuries associated with riding the vehicle. Inability to properly handle ATVs, lack of proper regulations, and fast driving are a few of the reasons that have resulted in a rise in the number of ATV accidents among the under 16-year populaces. Proper guidelines and precautions while riding ATVs need to be followed to help avoid injuries and deaths occurred during ATV rides.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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