All-Terrain Vehicle Market Led by North America that will Exceed 50% Shares by 2022

MarketStudyReport.com Adds New Global All-Terrain Vehicle Market 2017 – 2024 research report providing information and data By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.

Growing penetration of recreational activities and sports across the globe will drive the all-terrain vehicle market size over the forecast timeframe. Advancements in infotainment system offer superior entertainment and user-friendly experience with GPS tracking, Bluetooth connectivity and mobile tracking facilities, thereby, enhancing driving experience.

Global All-Terrain Vehicle Market size was worth at over USD 6 billion in 2016 and its demand is predicted to cross 1 million units by 2024.

Rising technical development in quad bikes with upgraded performance and efficiency will boost all-terrain vehicle market size from 2017 to 2024. Large array of technologies along with independent suspensions, electric start and shaft drives offers enthusiasts with great riding exposure. Innovative infotainment systems keep the drivers informed, up-to-date, connected and entertained. Moreover, reduction in component manufacturing cost will minimize the overall product price and, thereby improving product sales.

Some of the major all-terrain vehicle market players includes: 

Arctic Cat, Bombardier Recreational Products, CECTEK, CFmoto, Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere and KYMCO. Other prominent participants are Linhai, Suzuki Motor Corporation, Polaris Industries, Taiwan Golden Bee and Yamaha Motor.

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Scope of Report:

North America is expected to account over 50% of the all-terrain vehicle market volume share in 2024 due to shifting trend toward extensive usage in several areas including agricultural lands, forestry and mountains. Rising adoption of off-road and recreational activities will positively impact the industry expansion. Numerous snowmobile associations and clubs across the region conduct sports events yearly, leading to increased sales of these quad bikes and thereby propelling industry size during the forecast timeframe.

Asia Pacific all-terrain vehicle market registered over USD 730 million in 2016, owing to growing demand from military & defence and entertainment sectors. In addition, rising defence expenditure and increasing purchasing power parity is anticipated to positively support product penetration. The proliferating demand from various emerging economies including India and China will significantly contribute toward enhanced revenue generation.

ATV Market, By Product

Utility segment in all-terrain vehicle market is anticipated to be valued at over USD 3 billion by 2024 due to increasing utilization of these products for various utilities particularly in military & special forces, agriculture and forestry. These quad bikes also provide higher performance, customization and high-power output. Several manufacturers have developed numerous models to cater to increasing product demand from various applications.

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ATV Market, By Application

Sports application is estimated to hold approximately 26% of the volume share and will witness a CAGR of over 5% by 2024 due to shifting consumer preference for recreational and adventurous sports backed by rising disposable income. Key manufacturers including Polaris and Honda offer a wide variety of sport segment that showcase light weight vehicle with required suspension to handle turns, jumps and bumps. These products are designed for different sports including recreation, hunting and racing. Large scope of customization to cater increasing consumer demand provides enhanced all-terrain vehicle market growth opportunities.

Table of Content: 

Report Content 

Chapter 1. Methodology & Scope 

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary 

Chapter 2.    Executive Summary 

2.1. All-terrain vehicle industry 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Regional trends 

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

3.3.2. Manufacturers

3.3.3. Profit margin trends

3.3.4. Distribution channel analysis

3.3.4.1. End Users

3.3.5. Vendor matrix

3.4. Pricing analysis

3.4.1. Regional pricing

3.4.1.1.    North America

3.4.1.2.    Europe

3.4.1.3.    Asia Pacific

3.4.1.4.    Latin America

3.4.1.5.    MEA

3.4.2. Cost structure analysis, 2016 

Continued @ For More Tactical Information: https://www.marketstudyreport.com/reports/all-terrain-vehicle-atv-market/?utm_source=open-DC   

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All-Terrain Vehicle (ATV) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players. More information on this report at https://www.marketstudyreport.com/reports/world-all-terrain-vehicle-atv-market-research-report-2021-covering-usa-eu-china-south-east-asia-india-japan-and-etc/?utm_source=SS-DC

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