Market Research Report
North America Atv and Utv Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||833114|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|North America Atv and Utv Market Forecast 2019-2027|
|Published: July 28, 2019||Content info: 90 Pages||
The ATV and UTV market by North America is expected to escalate at a staggering growth rate of 5.37% CAGR during the forecasting period of 2019-2027. The military grade implementation of ATVs by the U.S. Special Operations Forces specifically for the quick response and low profile missions has driven the application of the vehicles in the North America market.
The rising passion and fervor for power sports, in particular since the deployment of the ATVs and UTVs have proliferated the size of the consumer base that includes mainly the younger generation as wells as the elite enthusiasts. United America and Canada are the major countries that have been making many contributions to the regional markets. The ATVs are known to be similar in structure to that of motorcycles. Majority of the ATVs are manufactured in the United States by the Japan-based firms, except the Polaris and John Deere Company. As mentioned above, they are mostly employed for off-road commitments, farming and other commercial applications.
Hisun Motors Corporation, Polaris Industries Inc., Yamaha Motor Co. Ltd., Kwang Yang Motor Co. Ltd., BRP Inc., Textron Inc. (Artic Cat), Kawasaki Heavy Industries Ltd., Deere & Company, Honda Motor Company Ltd., and Suzuki Motors Corporation are the major companies described in the report.