All-Terrain Vehicle Market – Growth Opportunities and Challenges 2017-2024
More Information @ http://bit.ly/2rvsJDR Growing penetration of recreational activities and sports across the globe will drive the all-terrain vehicle market size over the forecast timeframe.
More Information @ http://bit.ly/2rvsJDR
Growing penetration of recreational activities and sports across the globe will drive the all-terrain vehicle market size over the forecast timeframe.
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<strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> <strong>Market</strong> Research Study for<br />
Forecast Period (<strong>2017</strong>-<strong>2024</strong>): Global <strong>Market</strong> Insights,<br />
Inc.<br />
<strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> Industry Background<br />
Regulatory authorities such as <strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> Safety Institute (ASI) controls <strong>and</strong> promotes the<br />
usage of ATV approved products including footrest, seatbelt, or helmets. Regulations are also<br />
m<strong>and</strong>ated for restricting the usage of these vehicles by the children below sixteen years <strong>and</strong> number<br />
of passengers per vehicle for reduction of injuries <strong>and</strong> fatalities.<br />
The all-terrain vehicle market has also witnessed an upsurge in various regions across the globe due<br />
to unique ride experience. However, rising dem<strong>and</strong> for advanced features including display monitor<br />
<strong>and</strong> integrated communication systems will lead to increased production costs, hampering the<br />
industry growth.<br />
<strong>All</strong> <strong>Terrain</strong> <strong>Vehicle</strong> Industry Overview<br />
<strong>All</strong> <strong>Terrain</strong> <strong>Vehicle</strong> <strong>Market</strong> to surpass USD 8 billion by <strong>2024</strong>; according to a new research report by<br />
Global <strong>Market</strong> Insights, Inc. Increasing adoption of recreational off-road activities such as racing <strong>and</strong><br />
sports along with increasing consumer disposable income across the globe will primarily drive the<br />
growth over forecast timespan.<br />
The industry is witnessing regular advancements for the production of eco-friendly version of these<br />
vehicles that lead to reduction in sound <strong>and</strong> environmental pollution, propelling the all-terrain<br />
vehicle market growth.<br />
ATV Industry By Application<br />
<strong>All</strong>-terrain vehicle market from sports application is likely to capture around 26% of the volume<br />
share over the next eight years. High revenue generation can be attributed to increasing sports <strong>and</strong><br />
racing events across the globe, especially in developed regions.<br />
Military & defense is expected to exhibit 4% CAGR till <strong>2024</strong>. Increasing implementation in<br />
customized applications at inaccessible locations for supplying armor <strong>and</strong> transportation purposes<br />
will drive the industry growth.<br />
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North America <strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> (ATV) <strong>Market</strong>, By Product, 2016 & <strong>2024</strong>, (Units)<br />
<strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> Industry By Product<br />
Utility ATV will account for highest revenue share in the ATV market crossing USD 3 billion till <strong>2024</strong>.<br />
These vehicles are critical for military & defense operations as they seamlessly work on rocky <strong>and</strong><br />
rough terrain. These factors contribute significantly towards the high revenue generation. Cargo<br />
capacity <strong>and</strong> quick mobility of these vehicles on hard surfaces are of high importance in anti-terrorist<br />
operations <strong>and</strong> border security combats, which in turn propels the product usage, strengthening its<br />
penetration over the forecast timeframe.<br />
Youth ATV is likely to grow significantly, exhibiting approximately 5% CAGR from <strong>2017</strong> to <strong>2024</strong>. High<br />
prominence among youth across the globe coupled with rising focus of manufacturers towards<br />
providing these vehicles for various sports events will drive the industry growth. Availability of sports<br />
<strong>and</strong> smaller ATVs in both engine <strong>and</strong> actual size will further support the segment’s growth.<br />
<strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> Industry By Region<br />
North America all-terrain vehicle market size is projected to cross USD 4 billion over the forecast<br />
timeframe. Shifting trend towards extensive usage in various terrains including agricultural l<strong>and</strong>s,<br />
forestry, <strong>and</strong> mountains across the region will contribute significantly to the revenue generation. U.S<br />
will account for major share in the region owing to presence of unpaved roads, large stretches of<br />
natural terrain, <strong>and</strong> large farms & ranches across the country. Moreover, presence of major ATV<br />
manufacturers such as Polaris Industries, BRP, <strong>and</strong> Arctic Cat will further support the region’s<br />
dominance till <strong>2024</strong>.<br />
Asia Pacific will exhibit over 5% CAGR from <strong>2017</strong> to <strong>2024</strong>. Proliferating dem<strong>and</strong> from the emerging<br />
economies including India <strong>and</strong> China will have a significant contribution towards the revenue<br />
generation. Numerous industry participants are focusing on setting their manufacturing units in<br />
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these countries. For instance, in <strong>2017</strong>, Scorpio decided to venture into ATV market in India. These<br />
initiatives by industry participants will induce immense potential to the region’s growth.<br />
Competitive <strong>All</strong>-<strong>Terrain</strong> <strong>Vehicle</strong> Industry Share<br />
Polaris Industries, Arctic Cat, Can-Am, Honda, <strong>and</strong> Yamaha are among the prominent participants in<br />
all-terrain vehicle market. Other noticeable players include Suzuki, Shuopu, KYMCO, John Deere,<br />
Cecktek, <strong>and</strong> Taiwan Golden Bee. Mergers <strong>and</strong> acquisitions are among prominent strategies<br />
implemented by the competitors to enhance their share in the industry. For instance, in 2015,<br />
Polaris acquired Hammerhead for expansion of its product portfolio.<br />
Chapter 7. Company Profiles<br />
7.1. Arctic Cat<br />
7.1.1. Business Overview<br />
7.1.2. Financial Data<br />
7.1.3. Product L<strong>and</strong>scape<br />
7.1.4. Strategic Outlook<br />
7.1.5. SWOT Analysis<br />
7.2. Bombardier Recreational Products (BRP)<br />
7.2.1. Business Overview<br />
7.2.2. Financial Data<br />
7.2.3. Product L<strong>and</strong>scape<br />
7.2.4. Strategic Outlook<br />
7.2.5. SWOT Analysis<br />
7.3. CECTEK<br />
7.3.1. Business Overview<br />
7.3.2. Product L<strong>and</strong>scape<br />
7.3.3. SWOT Analysis<br />
7.4. CFmoto<br />
7.4.1. Business Overview<br />
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7.4.2. Product L<strong>and</strong>scape<br />
7.4.3. Strategic Outlook<br />
7.4.4. SWOT Analysis<br />
7.5. Honda Motors<br />
7.5.1. Business Overview<br />
7.5.2. Financial Data<br />
7.5.3. Product L<strong>and</strong>scape<br />
7.5.4. Strategic Outlook<br />
7.5.5. SWOT Analysis<br />
7.6. Kawasaki Motors Corporation<br />
7.6.1. Business Overview<br />
7.6.2. Financial Data<br />
7.6.3. Product L<strong>and</strong>scape<br />
7.6.4. Strategic Outlook<br />
7.6.5. SWOT Analysis<br />
7.7. HiSun Motors<br />
7.7.1. Business Overview<br />
7.7.2. Product L<strong>and</strong>scape<br />
7.7.3. Strategic Outlook<br />
7.7.4. SWOT Analysis<br />
7.8. John Deere<br />
7.8.1. Business Overview<br />
7.8.2. Product L<strong>and</strong>scape<br />
7.8.3. Strategic Outlook<br />
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7.8.4. SWOT Analysis<br />
7.9. KYMCO<br />
7.9.1. Business Overview<br />
7.9.2. Financial Data<br />
7.9.3. Product L<strong>and</strong>scape<br />
7.9.4. Strategic Outlook<br />
7.9.5. SWOT Analysis<br />
7.10. Linhai<br />
7.10.1. Business Overview<br />
7.10.2. Financial Data<br />
7.10.3. Product L<strong>and</strong>scape<br />
7.10.4. Strategic Outlook<br />
7.10.5. SWOT Analysis<br />
7.11. Polaris Industries<br />
7.11.1. Business Overview<br />
7.11.2. Financial Data<br />
7.11.3. Product L<strong>and</strong>scape<br />
7.11.4. Strategic Outlook<br />
7.11.5. SWOT Analysis<br />
7.12. Suzuki Motor Corporation<br />
7.12.1. Business Overview<br />
7.12.2. Financial Data<br />
7.12.3. Product L<strong>and</strong>scape<br />
7.12.4. SWOT Analysis<br />
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7.13. Taiwan Golden Bee (TGB) Co<br />
7.13.1. Business Overview<br />
7.13.2. Product L<strong>and</strong>scape<br />
7.13.3. Strategic Outlook<br />
7.13.4. SWOT Analysis<br />
7.14. Yamaha Motor<br />
7.14.1. Business Overview<br />
7.14.2. Financial Data<br />
7.14.3. Product L<strong>and</strong>scape<br />
7.14.4. Strategic Outlook<br />
7.14.5. SWOT Analysis<br />
Browse Full TOC @ https://www.gminsights.com/toc/detail/all-terrain-vehicle-atv-market<br />
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