December 02, 2019
According to the latest study titled ‘Global ATV and UTV Market (Volume, Value): Analysis By Displacement (<400 cc, 400 to 800 cc, > 800 cc), By Application (Sports, Utility, Others), By Region, By Country : 2018 Edition, Forecast to 2022’ available at MarketStudyReport.com, the global ATV and UTV market is estimated to grow with a CAGR of 7.26% through the year 2022.
All-terrain vehicle (ATV) is meant for single users and utility task vehicle is meant for side by side riders (UTV). These vehicles accommodate off-road conditions with extended ground clearance, drivetrain, and off-road tires. Shifting trends of power sports, rising demand for amusement and leisure activities in nearby locations from cities, in tandem with increasing disposable income are aiding the growth of the global ATV and UTV market.
The study examines the market for revenue shares of each segment and offers information about the growth patterns. It analyses the competitive landscape of ATV and UTV market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics influencing the industry growth is also given in the report. It also provides strategic recommendations that can be incorporated by competitors to expand their business footprint.
Based on engine displacement, the ATV and UTV market is segmented as per range below 400 cc, 400-800 cc and above 800cc. While speaking of application spectrum, the industry is divided into utility, sports, and others.
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Considering the geographical landscape, the global ATV and UTV market is divided into four major regions, namely, North America, Europe, APAC, and Middle East & Africa. The report cites that North America ATV and UTV market registered the highest market share in 2016, whereas APAC ATV and UTV market is presumed to attain substantial growth in the upcoming years, owing to large consumer base across the emerging nations of India and China.
Some of the vendors that operate in ATV and UTV market are John Deere, Polaris, Yamaha Motors, Kawasaki, Honda, Arctic Cat, Hisun Motor, CF MOTO, and BRP.
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