Market Research Report
Global ATV and UTV Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||833115|
|Published||Content info||142 Pages
Delivery time: 2-3 business days
|Global ATV and UTV Market Forecast 2019-2027|
|Published: May 4, 2019||Content info: 142 Pages||
Global ATV and UTV market deals in various segments depending as per the customer demand for the recreational use of the vehicle in sports, farming, mountaineering, military, etc. The outdoor explorers and adventure seekers are the extensive users of these vehicles and capturing the widest share of the total market in 2018. The global ATV and UTV Market are anticipated to grow from $ XX million in 2018 to $14560 million by 2027, at a CAGR of 7.15 % between 2019 and 2027. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027.
The growth in sports enthusiasm, the worldwide deployment in military services and the agriculture and farming industries implementations are the major proliferating factors for the ATV and UTV market. The most important driver for the market development has been the growth in sports enthusiasm, since the inception of the all-terrain vehicle and respective utility task vehicle always have attracted the youth and enthusiast from the globe. ATV and UTV demand have increased over the years because of high inclination toward sports, recreation and tourism activities. The increasing trend of adventure sports and sports activities has increased the demand for these vehicles. The growing consumer income and improving the standard of living have boosted market growth. Other market factors supporting the growth include technological advancements in various fields, increasing applications in sports, mountaineering, defense and agriculture, and supportive government initiatives.
Geographically, the global ATV and UTV market has been segmented on the basis of four major regions, namely, North America, Asia Pacific, Europe and the Rest of World regional segment.
Market in the Asia Pacific is showing great potential because of the presence of many economies showing greater impulse. Due to the presence of a different type of terrains and promotion of tourism industries in the different part of Asian countries and because robust nature of vehicle to handle different type of activities is boosting the growth of the Asia-Pacific ATV and UTV market
Suzuki Motor Corporation, Kawasaki Heavy Industries, Ltd., Cub Cadet, Tomcar, Caterpillar Inc., Kubota Corporation, Deere & Company, Textron Inc., Arctic Cat, Inc., Bombardier Inc., Honda Motor Co., Ltd., Polaris Industries Inc., Yamaha Motor Co., Ltd., Bobcat Co., and Kioti are the major companies which are profiled in the report.