All-Terrain Vehicle Market Forecast & Business Opportunities 2017-2024 - PowerPoint PPT Presentation

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

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


1
All-Terrain Vehicle Market Analysis, Trends,
Growth and Forecast To 2024
2
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.

3
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.

4
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.

5

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System Market _at_ https//www.gminsights.com/industr
y-analysis/all-terrain-vehicle-atv-market
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_at_ https//www.gminsights.com/request-sample/detail
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6
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.

7
North America All-Terrain Vehicle (ATV) Market,
By Product, 2016 2024, (Units)

8
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.

9
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.

10
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
11
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
12
Browse Full TOC _at_ https//www.gminsights.com/toc/d
etail/all-terrain-vehicle-atv-market

13
Industry Coverage

14
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