Global Amphibious ATV Market Overview:
An amphibious ATVs or simply amphibian is a vehicle that is a means of transport, viable on land as well as on (or under) water. It is a small, lightweight, off-highway vehicle, constructed from an integral hard plastic or fiberglass body tub, fitted with six driven wheels, with low pressure, balloon tires. It is also capable of traversing swamps, ponds, and streams as well as dry land. Growing Usage of amphibious ATV for recreational purposes is one of the major factor driving the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 202 |
Forecast Period | 2023-2028 |
Historical Period | 2018-202 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand of Electric Powdered ATV
Market Growth Drivers:
Growing Usage of Amphibious ATV for Recreational Purposes, Increasing Demand for Amphibious ATV in Remote Areas and Increased Adaption of Amphibious ATV in Military
Challenges:
Lack of Awareness in People about Amphibious ATV
Restraints:
A High Cost of the Product
Opportunities:
The Emerging Demand from Developing Regions
Competitive Landscape:
Amphibious ATV market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity. further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are ARGO (Australia), ZZGT (Russia), Hydratrek (United States), Zhejiang Xibeihu Special Vehicle Co., Ltd (China), Gibbs Technologies Limited (United Kingdom), Mudd-Ox Inc. (United States), Terra Jet (United States) and MaxATVs (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Amphibious ATV market by 2028. Considering Market by Engine Size, the sub-segment i.e. 50 Cc And Under will boost the Amphibious ATV market.
Latest Market Insights:
In January 2021, ARGO partnered with FreedomRoad Financial that will provide their dealers and customers more flexibility. ARGO is Amphibious Extreme Terrain Vehicles manufacturer and providers. This partnership helped ARGO to improve their customers experience and their position in Amphibious ATV market
On 14 Aug 2017, ARGO, the world’s leading amphibious Xtreme Terrain Vehicle (XTV) manufacturer, today unveiled its 2018 model lineup, featuring several new off-road vehicle options for adventure enthusiasts and a brand new ATV product line — the ARGO Xplorer series.
What Can be Explored with the Amphibious ATV Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Amphibious ATV Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Amphibious ATV
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Amphibious 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 Amphibious 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 Amphibious ATV Manufacturers, Amphibious ATV Sub Component Manufacturers, Amphibious ATV Traders/Distributors, Amphibious ATV Importer/Exporter, Regulatory & Government Bodies, 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.