Market Research Report
North America ATV and UTV Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||833114|
|Published||Content info||101 Pages
Delivery time: 2-3 business days
|North America ATV and UTV Market Forecast 2019-2027|
|Published: May 4, 2019||Content info: 101 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. The higher rate of various tourism activities has also raised the demand for ATV and UTV.
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.
Yamaha Motor Co., Ltd., Bobcat Co., Kioti, Tomcar, Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation, Cub Cadet, Arctic Cat, Inc., Bombardier Inc., Polaris Industries Inc., Caterpillar Inc., Honda Motor Co., Ltd., Deere & Company, Kubota Corporation, and Textron Inc. are the major companies described in the report.