Increasing recreational
off-roading activities, growing commercialization of ATVs and rising demand for
high displacement engine ATVs to drive global all terrain vehicle market
through 2024
According
to TechSci Research report, “Global
All Terrain Vehicle Market By Product Type, By Engine Displacement, By
Application Type, By Region, Competition, Forecast & Opportunities, 2014 - 2024”, the
global all terrain vehicle market is projected to reach $ 6.2 billion by 2024.
Growth in the market can be attributed to rising popularity of off-roading
activities and growing usage in agriculture across regions like Europe and
North America. Moreover, technological advancements such as Bluetooth connectivity,
GPS systems, etc, along with growing popularity of ATVs among youth is further
pushing demand for such vehicles across the globe. Additionally, increasing
demand from various sectors like agriculture, defence sector, etc., is expected
to boost the sales of all terrain vehicles during forecast period, globally.
Key Players :Some of the major players operating in global all terrain vehicle market are Polaris Industries Inc., Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., BRP Inc., Arctic Cat Inc., Suzuki Motor Corporation, Kawasaki Heavy Industries, Ltd., Kwang Yang Motor Co, Ltd, and ZHEJIANG CFMOTO POWER CO.,LTD.
Browse 200 market data Figures and Tables spread
through 256 Pages and an in-depth TOC on "Global
All Terrain Vehicle Market"
Among product types, utility all terrain vehicle accounted for the
largest share in global all-terrain vehicle market in 2018, backed by their versatile
usage, high load carrying capacity, easy maintenance and economical pricing as compared
to sports ATVs. Over the coming years, major global ATV manufacturers are
anticipated to come up with a wide range of advanced and specifically designed
all terrain vehicles to meet varying customer requirements. North America is
the major demand generator of ATVs, owing to increasing number of ATV sports
and racing tournaments, increasing usage in agriculture especially in poultry
farming and growing off-roading activities in the region. Moreover, increasing use of all terrain
vehicles in material transport, hunting as well as in forest and desert safari,
etc., is further likely to fuel their demand in North America.
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“Growing
use of ATVs in several applications such as sports, entertainment and
agriculture coupled with increasing number of international brands and decline
in component manufacturing cost is expected to boost the sales of all terrain
vehicles across the globe over the coming years. Moreover, increasing focus of
manufacturers to develop eco-friendly and advanced ATVs is further expected to
act as a catalyst for the industry growth over the course of next five years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global All Terrain
Vehicle Market By Product Type, By Engine Displacement, By Application Type, By
Region, Competition, Forecast & Opportunities, 2014 - 2024” has evaluated the future growth
potential of all terrain vehicles market, globally, and provides statistics and
information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyses emerging trends along with essential drivers and key challenges
faced by global all terrain vehicle market.
About TechSci Research
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market research firm publishing premium market research reports. Serving 700 APAC
clients with more than 600 premium market research studies, TechSci Research is
serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking APAC and country specific high growth markets helps
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