All-Terrain Vehicle Market Forecast & Business Opportunities 2017-2024

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All-Terrain Vehicle Market Analysis, Trends,
Growth and Forecast To 2024
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All-Terrain Vehicle Industry Background

• Regulatory authorities such as All-Terrain
  Vehicle Safety Institute (ASI) controls and
  promotes the usage of ATV approved products
  including footrest, seatbelt, or helmets.
  Regulations are also mandated for restricting the
  usage of these vehicles by the children below
  sixteen years and number of passengers per
  vehicle for reduction of injuries and fatalities.
  
• The all-terrain vehicle market has also witnessed
  an upsurge in various regions across the globe
  due to unique ride experience. However, rising
  demand for advanced features including display
  monitor and integrated communication systems will
  lead to increased production costs, hampering the
  industry growth.

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All Terrain Vehicle Industry Overview

• All Terrain Vehicle Market to surpass USD 8
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. Increasing
  adoption of recreational off-road activities such
  as racing and sports along with increasing
  consumer disposable income across the globe will
  primarily drive the growth over forecast
  timespan.
• The industry is witnessing regular advancements
  for the production of eco-friendly version of
  these vehicles that lead to reduction in sound
  and environmental pollution, propelling the
  all-terrain vehicle market growth.

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All-Terrain Vehicle Industry By Product

• Utility ATV will account for highest revenue
  share in the ATV market crossing USD 3 billion
  till 2024. These vehicles are critical for
  military defense operations as they seamlessly
  work on rocky and rough terrain. These factors
  contribute significantly towards the high revenue
  generation. Cargo capacity and quick mobility of
  these vehicles on hard surfaces are of high
  importance in anti-terrorist operations and
  border security combats, which in turn propels
  the product usage, strengthening its penetration
  over the forecast timeframe.
• Youth ATV is likely to grow significantly,
  exhibiting approximately 5 CAGR from 2017 to
  2024. High prominence among youth across the
  globe coupled with rising focus of manufacturers
  towards providing these vehicles for various
  sports events will drive the industry growth.
  Availability of sports and smaller ATVs in both
  engine and actual size will further support the
  segments growth.

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ATV Industry By Application

• All-terrain vehicle market from sports
  application is likely to capture around 26 of
  the volume share over the next eight years. High
  revenue generation can be attributed to
  increasing sports and racing events across the
  globe, especially in developed regions.
• Military defense is expected to exhibit 4 CAGR
  till 2024. Increasing implementation in
  customized applications at inaccessible locations
  for supplying armor and transportation purposes
  will drive the industry growth.

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North America All-Terrain Vehicle (ATV) Market,
By Product, 2016 2024, (Units)

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All-Terrain Vehicle Industry By Region

• North America all-terrain vehicle market size is
  projected to cross USD 4 billion over the
  forecast timeframe. Shifting trend towards
  extensive usage in various terrains including
  agricultural lands, forestry, and mountains
  across the region will contribute significantly
  to the revenue generation. U.S will account for
  major share in the region owing to presence of
  unpaved roads, large stretches of natural
  terrain, and large farms ranches across the
  country. Moreover, presence of major ATV
  manufacturers such as Polaris Industries, BRP,
  and Arctic Cat will further support the regions
  dominance till 2024.
• Asia Pacific will exhibit over 5 CAGR from 2017
  to 2024. Proliferating demand from the emerging
  economies including India and China will have a
  significant contribution towards the revenue
  generation. Numerous industry participants are
  focusing on setting their manufacturing units in
  these countries. For instance, in 2017, Scorpio
  decided to venture into ATV market in India.
  These initiatives by industry participants will
  induce immense potential to the regions growth.

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Competitive All-Terrain Vehicle Industry Share

• Polaris Industries, Arctic Cat, Can-Am, Honda,
  and Yamaha are among the prominent participants
  in all-terrain vehicle market. Other noticeable
  players include Suzuki, Shuopu, KYMCO, John
  Deere, Cecktek, and Taiwan Golden Bee. Mergers
  and acquisitions are among prominent strategies
  implemented by the competitors to enhance their
  share in the industry. For instance, in 2015,
  Polaris acquired Hammerhead for expansion of its
  product portfolio.

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Chapter 1 Methodology Scope
1.1. Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Definitions forecast
parameters 1.2. Data sources 1.2.1.
Primary 1.2.2. Secondary
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Chapter 2 Executive Summary
2.1. All-terrain vehicle industry 3600 synopsis,
2013 - 2024 2.1.1. Business trends 2.1.2.
Product trends 2.1.3. Application trends 2.1.4.
Regional trends
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Industry Coverage

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