Global All Terrain Vehicle (ATV) Market Overview:
All-terrain vehicle (ATV), a motorized off-highway vehicle often used for recreation. Of late, the growth in the economy of various developing nations is leading to higher purchasing power and spending capacity of individuals and societies for these leisure and adventure vehicles. Moreover, the need for a compact heavy-duty vehicle with high fuel efficiency and multipurpose application boosts the demand for ATVs market globally.
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Manufacturers are Inclined Toward the Development of Electric ATVs
Market Growth Drivers:
Increasing Off-Road Recreational Activities, The Growth in the Demand for ATVs in Agriculture and Military & Defense and Surging Purchasing Power and Spending Capacity of Individuals in both Developing and Developed Nations
Trade Barriers Between Various Geographic Regions and Various Countries Government Restriction on ATV Usage in Wildlife Zones
High Accident Rates and High Cost of ATVs
There is a market opportunity to develop ATVs that are specifically designed for utility and work purposes, with features like cargo capacity, towing capabilities, and specialized attachments for various tasks
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new mobility solutions, which is likely to encourage the growth of the global market throughout the forecast period
Some of the key players profiled in the report are Polaris Industries (United States), Textron (United States), Honda (Japan), BMW (Germany), Kawasaki (Japan), Suzuki (Japan), BRP (Canada), Yamaha Motor (Japan), CFMOTO Powersports Inc. (United States) and KTM AG (Austria). Additionally, following companies can also be profiled that are part of our coverage like HISUN (United States), Deere & Company (United States) and KWANG YANG MOTOR CO., LTD (Taiwan). Analyst at AMA Research see Japanese Vendors to retain maximum share of Global All Terrain Vehicle (ATV) market by 2028. Considering Market by , the sub-segment i.e. will boost the All Terrain Vehicle (ATV) market.
Latest Market Insights:
The acquisition of privately held boat maker Boat Holdings, LLC, which had been previously disclosed, has now been completed, according to Polaris Industries Inc. Through its well-known brands of Bennington, Godfrey, Hurricane, and Rinker, Boat Holdings provides a complete selection of pontoon, deck, and cruiser boats
In January 2019, Textron Specialized Vehicles Inc., a Textron Inc. company, launched its Hauler 800 ELiTE electric utility vehicle, powered by Samsung SDI lithium technology. Capitalizing on the proven technology of E-Z-GO ELiTE vehicles, launched in 2017, the Hauler 800 ELiTE offers zero-maintenance batteries with increased range and energy efficiency.
"The Consumer Product Safety Improvement Act of 2008 (“CPSIA”) directed the Commission to “publish in the Federal Register as a mandatory consumer product safety standard the American National Standard for Four Wheel All-Terrain Vehicles Equipment Configuration, and Performance Requirements developed by the Specialty Vehicle Institute of America (American National Standard ANSI/SVIA 1-2007)."
What Can be Explored with the All Terrain Vehicle (ATV) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global All Terrain Vehicle (ATV) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in All Terrain Vehicle (ATV)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global All Terrain Vehicle (ATV) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in All Terrain Vehicle (ATV) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes All-Terrain Vehicle (ATV) Manufacturers, Component Suppliers, Raw Material Distributors/Suppliers, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.