메뉴 건너뛰기

Global All Terrain Vehicle Market To Exceed USD 9 Billion By 2024

DeclanDiederich27 2019.11.13 00:12 조회 수 : 6

https%3A%2F%2Fi.ytimg.com%2Fvi%2Fbb3iDr4The global All Terrain Vehicle (ATV) Market was estimated at USD 6 billion in 2015. It will grow at a CAGR of around 5% during the forecast period (2016-2024). The market should exceed USD 9 billion by 2024. All terrain vehicles (ATVs) are popularly known as quads, Viên Gia Giới three-wheelers, quad bikes, or quadricycles.

ATVs are single-seated open motor vehicles with either three or more tires. These tires are specifically designed for rough terrains. Quads are ridden over rugged grounds, sand tour Viên Gia Giới dunes, or paved & unpaved roads. The growing trend of recreational activities; such as off-roading and racing can also drive the market till 2024.

Demand for unique riding has increasingly led recreational centers to add ATVs to their amenities. The need for technically advanced features is projected to raise product costs, hampering the market.

To reduce fatalities & injuries; regulatory bodies, like ASI (All-Terrains Vehicle Safety Institute) have standardized the adoption of safety equipment. Protective gears; such as seatbelts, helmets, goggles, and others are mandatory for quad riders.

Browse Details of Report website

Moreover, the 'Consumer Product Safety Commission' (CPSC) has laid down rigid rules that prohibit children under the age of 16 to ride ATVs. Its rules have also limited the number of people riding on single ATVs.

The market is divided on the basis of products, applications, and regions. The products comprise sports utility, sports, utility, and youth. Sports utility ATVs contributed around 28% shares in 2015. Sports utility and sports ATV segments are expected to contribute significantly to industry growth during the forecast period. Youth ATVs stood over USD 750 million in 2015.

Applications encompass agriculture, forestry, entertainment, sports, military & defense, and others. Military & defense accounted for more than 9% shares in 2015. Agriculture is projected to grow at a CAGR of over 5% till 2024. It often employs ATVs instead of tractors and other heavy equipment.

Regions in the all terrain vehicle market consist of North America, Europe, tour Viên Gia Giới Latin America, Asia Pacific, and the Middle East & Africa (MEA). The U.S. and Canada are estimated to dominate the global ATV market in the forecast period.

North America should account for the biggest industry in the near future. It is driven by the United States. The U.S. captured over 50% of the worldwide market in 2015.

Asia Pacific market generated about 12% of the total incomes in 2015. It should exhibit the fastest growth from 2016 to 2024. Its trend of 'power sports' will augment regional demand. The China industry held over 35% shares in Asia Pacific. Economic adjustments in this region can add industrial growth.

Key competitors in the worldwide all terrain vehicle market are Arctic Cat, Honda, Polaris, and Yamaha. Players often participate in mergers and acquisitions to gain a competitive edge. Yamaha was projected as the third largest vendor after Honda and Polaris. It occupied more than 17% shares in 2014.

Key companies invest heavily in research & developments for effective product innovations and novel technologies. The constant need to improve product performance & characteristics makes it possible for manufacturers to stay competitive.

Browse Related Category Market Reports website

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.
번호 제목 글쓴이 날짜 조회 수
515688 Gay Men Know The Secret Of Great Sex With Best Buy Dehumidifiers For Sale new Fredric51W26303687 2019.12.08 1
515687 Is Online Poker Better Than Reside Poker? new MozelleBeattie067372 2019.12.08 0
515686 What Can The Music Industry Teach You About Dehumidifiers For Home Aldi new LeopoldoMccartney9 2019.12.08 1
515685 What Really Does It Mean? new EltonHudspeth5560308 2019.12.08 0
515684 Professional Kitchen Knives: Do You Really Need It? This Will Help You Decide! new ArdenLozano75040969 2019.12.08 1
515683 Look At This Web-site 45012 Official Canada Goose Outlet new MarylinLangston074 2019.12.08 1
515682 Totem new Valeria42015429 2019.12.08 0
515681 Advice On How Fitness Is Likely To Make Its Way To The Top Level Of The Priority Collection new RosalinaMorrison3 2019.12.08 0
515680 Smooth Skin Can Come At Last new DeangeloNord86278 2019.12.08 0
515679 Quality Roofer Hints And Tips new JaredClore21510487 2019.12.08 0
515678 Stuff That You Must Find Out About Article Writing new ArnoldCenteno944504 2019.12.08 0
515677 Search Engine Marketing: It Is Easier Than You Believe new ElenaKenneally01 2019.12.08 1
515676 Learn How To Make Money On The Web With One Of These Recommendations new ConsueloTitsworth1 2019.12.08 1
515675 Assistance With Audio Downloading That Is Easy To Understand new LizzieGilliam03 2019.12.08 1
515674 Tips On How To Pick The Right Casino new Mitch30506694631401 2019.12.08 0
515673 Everything You Ought To Know About Chain Hoist new KennyKoehn4290486202 2019.12.08 1
515672 Stuff That You Have To Know About Article Marketing new FrederickTrethowan72 2019.12.08 1
515671 Quick Too Much Weight Loss Medicines Advice new LynnSutter8665360 2019.12.08 1
515670 Learn How To Earn Money On The Internet By Using These Ideas new AdrianToRot8117806 2019.12.08 1
515669 Understand How To Make Money On The Internet By Using These Recommendations new GiselleBratton8 2019.12.08 1
위로