All-Terrain Vehicle (ATV) Market By Product (Youth ATV, Sport ATV, Utility ATV and Sport Utility AT) and Application (Forestry, Sports, Military & Defense, Entertainment and Agriculture) - Global Industry Analysis And Forecast To 2025
The all-terrain vehicle (ATV), otherwise also referred to as the quad bike, quad, four-wheeler, three-wheeler, or quadricycle as characterized by the American National Standards Institute (ANSI) is the vehicle which travels on the tires of low-pressure, with the seat which is straddled by the administrator, alongside the handlebars for the steering control. The name suggests that it is intended to deal with a more extensive assortment of landscape than most different vehicles. As per the latest ANSI definition, the ATVs are planned for utilization by a solitary administrator, but a few organizations have created ATVs expected for utilization by the administrator and one traveler. The traveler isn't required to have a head protector. These types of ATVs are alluded to as the tandem ATVs. Therefore, the All-Terrain Vehicle (ATV) Market is anticipated to expand and has tremendous scope during the forecast period. The global All-Terrain Vehicle (ATV) Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Based on Product the market is segmented into Youth ATV, Sport ATV, Utility ATV and Sport Utility AT. The growth is seen in the Utility ATV section owing to rising usage of these vehicles in various fields like agriculture, forestry and military & Special Forces. Also the factors like high power output & greater performance is showing growth in this section.
Based on Application the market is segmented into Forestry, Sports, Military & Defense, Entertainment and Agriculture. The Sports section is seen to hold lead in market owing to rising demand & utilization of these vehicles for adventurous sports & recreational activities.
The North American region is leading the global All-Terrain Vehicle (ATV) Market with about half of the market share owing to factor like; increasing utilization of these vehicles in the mountains, agricultural lands & forestry, increasing demand & utilization by the population for various activities, etc.
All-Terrain Vehicle (ATV) Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Bombardier Recreational Products
Kawasaki Motors Corporation
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?