GlobalAll-Terrain Vehicle (ATV) Market was valued US$ XX Bn in 2018 and isexpected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period of2019 to 2026.
All-Terrain Vehicle Market
Growing penetration of recreationalactivities and sports across the globe will drive the all-terrain vehiclemarket size over the forecast timeframe. Advancements in infotainment systemoffer superior entertainment and user-friendly experience with GPS tracking,Bluetooth connectivity, and mobile tracking facilities, thereby, enhancing thedriving experience and boosting all-terrain vehicle market.
Rising technical development inquad bikes with upgraded performance and efficiency will boost all-terrainvehicle market size from 2019 to 2026. The large array of technologies alongwith independent suspensions, electric start and shaft drives offersenthusiasts with great riding exposure.
Innovative infotainment systemskeep the drivers informed, up-to-date, connected and entertained. Moreover,reduction in component manufacturing cost will minimize the overall productprice and, thereby improving product sales of the all-terrain vehicle.
The all-terrain vehicle market issegmented based on product, application, and geography. By product segment, themarket is segmented into sports ATV, sports utility ATV, utility ATV, and youthATV. By applications, the market is segmented as sports, entertainment,agriculture, military & defense, and forestry. Sports application is themajor segment where the All-Terrain Vehicle is highly demanded and thus, it isexpected to hold major market share in the forecast period owing to shiftingconsumer preference for recreational and adventurous sports backed by risingdisposable income.
Key manufacturers including Polarisand Honda offer a wide variety of sports segment that showcases lightweightvehicle with the required suspension to handle turns, jumps, and bumps. Theseproducts are designed for different sports including recreation, hunting, andracing. The large scope of customization to cater increasing consumer demandprovides enhanced all-terrain vehicle market growth opportunities.
market Scope
GlobalAll-Terrain Vehicle (ATV) Market, By Product
• Sport ATV
• Sport Utility ATV
• Utility ATV
• Youth ATV
Market, By Application
• Sports
• Entertainment
• Agriculture
• Military & Defense
• Forestry
Market, By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the market:
• Arctic Cat
• Bombardier Recreational Products
• CECTEK
• CFmoto
• Honda Motors
• Kawasaki Motors Corporation
• HiSun Motors
• John Deere
• KYMCO
• Polaris Industries Inc
• Yamaha Motor Co., Ltd.
• BRP Inc.
• ATV manufacturers
• Suzuki Motor Corporation
• Kawasaki Heavy Industries, Ltd.
• Kwang Yang Motor Co, Ltd
• ZHEJIANG CFMOTO POWER CO., LTD.
• Textron
• Bombardier Recreational Products(Canada)
• Arctic Cat
For More Information Vist : https://www.maximizemarketresearch.com/market-report/all-terrain-vehicle-atv-market/12678/
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