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All Terrain Vehicles Market Report
All-Terrain Vehicles (ATV) Market is Segmented by Vehicle Type (Utility, Recreational, Sports, Touring, and Other), by Displacement (High CC, Mid CC, and Low CC), by Application (Sports, Entertainment, Agriculture, Military, Hunting, and Others), and by Region...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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 a CAGR of >5% during the forecast period of 2020 to 2025. 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.
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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.
The supply chain of this market comprises raw material suppliers, component manufacturers, ATV manufacturers, and distributors. The global ATV market is a consolidated market with the presence of global as well as regional players. The key ATV manufacturers are Polaris Industries, Honda Motors, Yahama Motors, Arctic Cat Inc, BRP Inc, and Kawasaki Motors. New product development, vast product portfolio, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
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Research Scope |
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Trend & Forecast Period |
2014-2025 |
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Forecast |
>5% CAGR during 2020-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
All-Terrain Vehicles Market Size, Share & Forecast by Vehicle Type:
All-Terrain Vehicles Market Size, Share & Forecast by Displacement Type:
All-Terrain Vehicles Market Size, Share & Forecast by Application Type:
All-Terrain Vehicles Market Size, Share & Forecast by Region:
This report, from Stratview Research, studies the global all-terrain vehicles market over the trend & forecast period of 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Driven by a number of factors like Increasing use of the ATV in the sports, the all-terrain vehicle market is expected to grow at a CAGR of >5% during 2020-2025.
North America is expected to remain the largest market for ATVs during the forecast period of 2020-2025.The US is the growth engine of the North American and the global ATVs market.
Polaris Industries, Honda Motors, Yahama Motors, Arctic Cat Inc, BRP Inc, and Kawasaki Motors. are among the key players in the All-Terrain Vehicle Market.
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