In the world economic growth, the ATV industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, ATV market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, ATV market size will be further expanded, we expect that by 2024, The market size of the ATV will reach XXX million $.
An all-terrain vehicle or ATV is a motorized-vehicle that travels on low-pressure tires, which is designed for commuting with a handlebar for steering control. ATVs are best known for maneuverability in rough terrain and off-road capabilities and allow driver better protection from harsh operating environments as compared to conventional vehicles. ATVs are used in agriculture, surveying, forestry, sports, and military & defense sectors. The global ATV market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global ATV market is expected to witness significant growth during the forecast period, owing to growing demand from various end-use sectors.
ATV Market Drivers
Increasing demand for ATVs from agriculture as well as the military sector is expected to drive growth of the global ATV market during the forecast period. ATVs are used as an ideal substitute for pick-up trucks, horses, and cattle and can be used in all types of farms and ranches, forests and orchards, ornamental nurseries, and golf courses. ATVs can be used to inspect livestock and crops, apply chemicals and fertilizers, and also inspect irrigation systems and fence lines. Moreover, different military services of the U.S. Military are highly adopting ATVs including the Marines, the Army, and U.S. Special Operations Command (SOCOM). Hence, these factors are expected to support growth of the market during the forecast period. Moreover, increasing purchasing power and disposable income are expected to propel the global ATV market growth over the forecast period.
ATV Market Restraint
Restriction on ATV usage in wildlife zones and high accident rates are expected to restrain growth global ATV market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global ATV market during the forecast period. This is owing to higher disposable income and rising adoption of electric vehicle projects. Moreover, Europe is expected to register a lucrative growth rate over the forecast period, owing to increasing demand for agriculture and military applications across the region.
Competitive Section
Key players involved in the global ATV market are BASHAN, Polaris, Loncin, Yamaha, Feishen Group, Kawasaki, XY FORCE, BRP, CFMOTO, Honda, Linhai, TGB, HISUN, Suzuki, KTM, Cectek, and Arctic Cat.
Major companies in the market are focused on product launches, in order to expand the product portfolio. For instance, in September 2019, Yamaha Motor Company Limited, a Japanese motorcycles company, introduced new 2020 XT-R Edition side-by-side for ATV model.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market sizes, both volume and value. It also covers different industry's clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
• Polaris
• Yamaha
• Kawasaki
• BRP
• KYMCO
• Honda
• Suzuki
• TGB
• Cectek
• Arctic Cat
• KTM
• HISUN
• Linhai
• CFMOTO
• XY FORCE
• Feishen Group
• Loncin
• BASHAN
Section 4: Region Segmentation
• North America Country (United States, Canada)
• South America
• Asia Country (China, Japan, India, Korea)
• Europe Country (Germany, UK, France, Italy)
• Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
⤍ Less than 200
⤍ 201-400
⤍ 401-700
⤍ More than 700
Industry Segmentation:
⤍ Sports and Leisure
⤍ Agriculture Industry
⤍ Out-door Work
⤍ Military Forces
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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