All-Terrain Vehicle Market in North America to cross USD 4 billion by 2024 - PowerPoint PPT Presentation

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All-Terrain Vehicle Market in North America to cross USD 4 billion by 2024

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More Information @ Growing penetration of recreational activities and sports across the globe will drive the all-terrain vehicle market size over the forecast timeframe. – PowerPoint PPT presentation

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Title: All-Terrain Vehicle Market in North America to cross USD 4 billion by 2024


1
All Terrain Vehicle Market in Military defense
to grow at over 5 CAGR by 2024
2
Key Insights from All Terrain Vehicle Market
  • 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 industry growth.
  • 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.
  • 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.

3
Continued...
  • 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.
  • All-terrain vehicle market from sports
    application is likely to capture highest share of
    around 30 over the next eight years. High
    revenue generation can be attributed to
    increasing sports and racing events across the
    globe, especially in developed regions.

4

Latest Research Report On All Terrain Vehicle
Market _at_ https//www.gminsights.com/industry-analy
sis/all-terrain-vehicle-atv-market Request
for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/765
5
North America All-Terrain Vehicle (ATV) Market,
By Product, 2016 2024, (USD Million)

6
Major Companies in All Terrain Vehicle Market
  • Polaris Industries
  • Arctic Cat
  • Can-Am
  • Honda
  • Yamaha
  • Suzuki
  • Shuopu
  • KYMCO
  • John Deere

7
Industry Coverage

8
Regional Insights in All Terrain Vehicle Market
  • 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 all-terrain vehicle market 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.

9
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