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High Growth & Smooth Sailing of All-Terrain Vehicles (ATV) Market
This report, from Stratview Research, studies the global all-terrain vehicles market over the period 2010 to 2021. 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
Published 28 June 2019
The Cutting-Edge Stratview Insights:
Stratview Research prognosticates the market to grow at a healthy CAGR of 5.8% over the next five years.
The estimates are a result of market analysis over a period of 2010-15, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the All-Terrain Vehicles (ATV) Market during the period 2016-21.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the All-Terrain Vehicles (ATV) Market responds to all the significant inquiries.
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 5.8% CAGR during the forecast period of 2016 to 2021. 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.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of All-Terrain Vehicles (ATV) has been divided into categories such as by Vehicle Type, Displacement Type, Application Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
Arctic Cat Inc.at the Helm
The top 5 players are Arctic Cat Inc., Polaris Industries Inc, Honda Motors. Co., Ltd., BRP Inc., Kawasaki Motors Corp.
Other important firms are Suzuki Motors, Yahama Motors Co., Ltd.
Emerging Trends:
Sports & Entertainment to remain dominant application
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 to be the Largest Market
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.
Subscribe to the Stratview advantage and Advance Your Business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends that have to be understood well in advance for the firms to take an informed decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.
Click Here for Other Reports from Stratview Research in the Consumer Goods Industry
Stratview Research prognosticates the market to grow at a healthy CAGR of 5.8% over the next five years.
The estimates are a result of market analysis over a period of 2010-15, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the All-Terrain Vehicles (ATV) Market during the period 2016-21.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the All-Terrain Vehicles (ATV) Market responds to all the significant inquiries.
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 5.8% CAGR during the forecast period of 2016 to 2021. 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.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of All-Terrain Vehicles (ATV) has been divided into categories such as by Vehicle Type, Displacement Type, Application Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Which material is the most promising?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
Arctic Cat Inc.at the Helm
The top 5 players are Arctic Cat Inc., Polaris Industries Inc, Honda Motors. Co., Ltd., BRP Inc., Kawasaki Motors Corp.
Other important firms are Suzuki Motors, Yahama Motors Co., Ltd.
Emerging Trends:
Sports & Entertainment to remain dominant application
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 to be the Largest Market
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.
Subscribe to the Stratview advantage and Advance Your Business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends that have to be understood well in advance for the firms to take an informed decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.
Click Here for Other Reports from Stratview Research in the Consumer Goods Industry
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