According to
a new market report published by Lucintel, the future of the global all-terrain
vehicle market looks promising with opportunities in the sports and utility
ATV market segment. The global all-terrain vehicle market is expected to reach an
estimated $3.3 billion by 2022 and it is forecast to grow at a CAGR of 2.5%
from 2017 to 2022. The major drivers
of growth for this market are increasing disposable income, rising recreational
and off-roading activities, and growth in the emerging markets, particularly
China, India.
In this market,
sports ATV, utility ATV, and other ATV are some of the major segments by product
type. On the basis of its
comprehensive research, Lucintel forecasts that the utility ATV segments will
show above average growth during the forecast period of 2017 to 2022 due to
increasing use of utility all-terrain vehicles in farming and agriculture
applications.
Within the
global all-terrain vehicle industry, the utility ATV segment is expected to remain the largest
market. Versatility and
multifunctioning features are expected to drive all-terrain vehicle sales, which
would spur growth for this segment over the forecast period.
North America
is expected to remain the largest market due to increasing disposable income and increasing
recreational and sports activities in this region.
APAC and
Europe are expected to witness significant growth over the forecast period
because of improving economy, presence of varied terrain with many rivers,
lakes and waterways. The emerging markets of China and India are likely to spur
growth in the APAC region.
For business expansion, the report suggests innovation
and new product development to enhance the performance and comfort level in all-terrain
vehicles.
Emerging
trends which have a direct impact on the dynamics of the industry include enhanced user experience through next
generation all-terrain vehicles and all-terrain vehicles with distinct
features. Polaris Industries Inc., Honda Motor Co Ltd, Yamaha Motor Co Ltd,
Arctic Cat Inc., and BRP Inc. are the major all-terrain vehicle manufacturers
in the global all-terrain vehicle market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the growth opportunities in
the global all-terrain vehicle market by product, application, engine
displacement, type, and region and has come up with a comprehensive research
report entitled “Growth
Opportunities in the Global All-Terrain Vehicle Market 2017-2022: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as a
springboard for growth strategy, as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast
for the global all-terrain vehicle market by product, application, engine displacement,
type and region as follows:
By product
(Volume (Thousand Units) and $
Million from 2011 to 2022):
- Sports ATV
- Utility ATV
- Other ATV
By
application (Volume (Thousand Units) and $
Million from 2011 to 2022):
- Sports
- Entertainment
- Agriculture
- Military and Defense
- Forestry
- Others
By engine displacement
(Volume (Thousand Units) for 2016):
- Low
- Medium
- High
By type
(Volume (Thousand Units) for 2016):
- Type I
- Type II
By region (Volume (Thousand Units) and $ Million from 2011 to 2022):
- North America
- Europe
- Asia Pacific
- Rest of the World
This 205-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel
offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q. 1. What are
some of the most promising, high-growth opportunities in the global all-terrain
vehicle market by product (sports ATV, utility ATV, and other ATV), application
(sports, entertainment, agriculture, military and defense, forestry, and
others), By type (type I, type II), by engine
displacement (low, medium, and high) and by region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2. Which
segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4. What are
the key factors affecting market dynamics? What are the key challenges and
business risks in this market?
Q.5. What are
the business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and reasons behind them?
Q.7. What are
some of the changing demands of customers in the market?
Q.8. What are
the new developments in the market? Which companies are leading these
developments?
Q.9. Who are the
major players in this market? What strategic initiatives are key players
pursuing for business growth?
Q.10. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by material / product substitution?
Q.11. What M&A activity has occurred in the
last 5 years and what has its impact been on the industry?
