Market Research Report
Asia Pacific ATV and UTV Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||833112|
|Published||Content info||87 Pages
Delivery time: 2-3 business days
|Asia Pacific ATV and UTV Market Forecast 2019-2027|
|Published: May 4, 2019||Content info: 87 Pages||
The all-terrain vehicle (ATV) are tailored with tires featured with four low-pressure points and handle bars. They are adopted prominently for their maneuverability skills and capabilities differing from the on-road requirements and are typically employed in the sectors of agriculture, survey expeditions, military, sports, forestry, and others activities. The UTV or utility terrain vehicle is the type of vehicle that carry out tasks more efficiently than the general purpose vehicle.
The Global ATV and UTV market is estimated to grow in Asia Pacific from $XX million in 2018 to $XX million by 2027, at a CAGR of 8.35% during the forecasting periods from 2019 to 2027.
The demand for ATVs and UTVs have augmented in the APAC regional market over the years owing to the swelling tourism and the subsequent growth of its related activities. Also, the increasing rate of sports activities and the adoption of various adventure sports has amplified the demand for these vehicles especially in the developing nations. The nation like China, India, Japan, South Korea, Australia and the remaining countries banding together to form the Rest of Asia Pacific regional segment are the chief revenue contributors in the region.
The Australian market for ATV and UTV is escalating at a significant pace in the last few years. Australia's motorcycle and ATV/SSV market fell XX per cent in 2017 although total industry sales stayed above XX thousands for the full calendar year. National sales data as published by the Federal Chamber of Automotive Industries indicates that in 2017, the result were at XX, as compared to that of XX in 2016. The market remained relatively steady in terms of its composition with road bikes remaining the most popular category and comprising XX percent of the market.
Cub Cadet, Yamaha Motor Co., Ltd., Honda Motor Co., Ltd., Suzuki Motor Corporation, Textron Inc., Caterpillar Inc., Kioti, Tomcar, Bombardier Inc., Deere & Company, Bobcat Co., Polaris Industries Inc., Arctic Cat, Inc., Kubota Corporation, and Kawasaki Heavy Industries, Ltd. are the major companies that are profiled extensively in the report.