Dublin, June 25, 2019 (GLOBE NEWSWIRE) -- The "All-terrain Vehicle Market by Type & Application (Sport, Entertainment, Agriculture, Military & Defense), Drive, Engine (<400, 400-800, >800cc), Fuel (Gasoline, Electric), Wheel Number, Seating Capacity & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The All-Terrain Vehicle Market, By Value, is Projected to Grow to USD 4.7 Billion By 2027 from USD 3.9 Billion in 2019, at a CAGR of 2.2%
The rising demand for ATVs in recreational activities, mainly worldwide championships, will boost the future growth of the all-terrain vehicle market.
North America is estimated to be the largest all-terrain vehicle market during the forecast period. ATVs are used in multiple applications such as sports, agriculture, military and defense, construction, etc. The key factors that drive the market are the increasing recreational activities, growing usage of ATVs in agriculture and defense, and increased purchasing power and spending capacity of individuals.
The all-terrain vehicle market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the all-terrain vehicle market are Polaris Industries, Inc. (US), Yamaha Motor Pvt. Ltd. (Japan), Honda Motor Co. Ltd. (Japan), Suzuki Motor Corporation (Japan), BRP (Canada), Arctic Cat Inc. (US), and Kymco (Taiwan).
Polaris adopted the strategies of mergers & acquisitions, expansions, new product launches, and joint ventures/collaborations to retain its leading position in the all-terrain vehicle market.
For instance, in January 2018, Polaris released the limited-edition ATV Sportsman XP 1000 LE, the most powerful Sportsman ever built with additional features, including the proven 90 HP ProStar Twin EFI engine, exclusive 3-mode throttle control, more than 8 gallons of weatherresistant storage, and 11.5 inches of ground clearance.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Future Opportunities for ATV Industry are in Utility ATV Segment
4.2 All-terrain Vehicle Market in North America, By Type & Country
4.3 All-terrain Vehicle Market, By Country
4.4 All-terrain Vehicle Market, By Type
4.5 All-terrain Vehicle Market, By Application
4.6 All-terrain Vehicle Market, By Drive Type
4.7 All-terrain Vehicle Market, By Engine Capacity
4.8 All-terrain Vehicle Market, By Number of Wheels
4.9 All-terrain Vehicle Market, By Seating Capacity
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Off-Road Recreational Activities
5.2.1.2 Increasing Demand for ATVs in Agriculture and Military & Defense
5.2.1.3 Increasing Purchasing Power and Spending Capacity of Individuals
5.2.2 Restraints
5.2.2.1 High Accident Rates
5.2.2.2 Restriction on ATV Usage in Wildlife Zones
5.2.3 Opportunity
5.2.3.1 Technological Improvements
5.2.3.2 Positive Outlook Toward Electric ATVs
5.2.4 Challenges
5.2.4.1 Trade Barriers Between Different Regions
5.2.4.2 High Cost of ATVs
5.3 Side-By-Side Vehicles
6 All-terrain Vehicle Market, By Type
6.1 Introduction
6.1.1 Research Methodology
6.1.2 Assumption
6.1.3 Industry Insights: By Type & Region
6.2 Utility ATV
6.2.1 Europe is the Fastest Growing Market for Utility ATV
6.3 Sport ATV
6.3.1 North America is the Largest Market for Sport ATV
7 All-terrain Vehicle Market, By Drive Type
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Industry Insights
7.2 2WD
7.2.1 North America is the Largest 2WD ATV Market
7.3 4WD
7.3.1 Europe is the Largest 4WD ATV Market
7.4 AWD
7.4.1 Asia Pacific is the Fastest Growing AWD ATV Market
8 All-terrain Vehicle Market, By Application
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Industry Insights
8.2 Sports
8.2.1 North America is the Largest Market for Sports ATV
8.3 Entertainment
8.3.1 Asia Pacific is the Fastest Growing Market for Entertainment ATV
8.4 Agriculture
8.4.1 North America is the Largest Market for Agriculture ATV
8.5 Military & Defense
8.5.1 Europe is the Fastest Growing Market for Military and Defense ATV
8.6 Others (Hunting and Forestry)
8.6.1 North America is the Fastest Growing Market for Other Applications of ATV
9 All-terrain Vehicle Market, By Engine Capacity
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Industry Insights
9.2 <400 CC
9.2.1 North America is the Largest Market for < 400 CC
9.3 400 to 800 CC
9.3.1 Europe is the Fastest Growing Market for 400 to 800 CC
9.4 > 800 CC
9.4.1 Europe is the Fastest Growing Market for > 800 CC
10 All-terrain Vehicle Market, By Fuel Type
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumption
10.1.3 Industry Insights: By Fuel Type & Region
10.2 Electric ATV
10.2.1 Europe is the Fastest Growing Electric ATV Market
10.3 Gasoline ATV
10.3.1 North America is the Largest Gasoline ATV Market
11 All-terrain Vehicle Market, By Seating Capacity
11.1 Introduction
11.1.1 Research Methodology
11.1.2 By Seating Capacity, By Region: Industry Insights
11.2 One-Seat ATV
11.2.1 North America is Largest One-Seater ATV Market
11.3 Two-Seat ATV
11.3.1 Europe is the Fastest Growing Two-Seater ATV Market
12 All-terrain Vehicle Market, By Number of Wheels
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumption
12.1.3 Industry Insights
12.2 Four-Wheel
12.2.1 Europe is the Fastest Growing Four-Wheeled ATV Market
12.3 >Four-Wheel
12.3.1 North America is the Largest More Than Four-Wheel ATV Market
13 All-terrain Vehicle Market, By Region
Company Profiles
- Polaris
- Textron
- Honda
- Kawasaki
- Suzuki
- Yamaha
- KTM
- BRP
- Cfmoto
- Linhai
Additional Companies
North America
- Hisun
- Bennche
- John Deere
Europe
- Velomotors
- Ecocharger
- Baltmotors
Asia Oceania
- Cectek
- Nebula Automotive
- Taiwan Golden Bee
- Kymco
For more information about this report visit https://www.researchandmarkets.com/r/xnm1qv
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