According to the latest report by IMARC Group, the global all-terrain vehicles market expects to register a CAGR of around 3% during 2020-2025.
Also known as quad bikes and quadricycles, all-terrain vehicles (ATVs) are motorized bikes and buggies that are designed for off-road activities. These vehicles have four low-pressure tires and a handlebar for controlling the steering. They offer a convenient way to carry equipment and supplies, owing to which they find widespread utilization in remote areas and rough terrains. Currently, they are gaining traction in sports, media and entertainment, and military and defense industries across the globe.
The thriving agriculture industry represents one of the key factors catalyzing the demand for ATVs worldwide. ATVs are extensively utilized in the agriculture industry for performing farm-related activities, such as weed control, field plowing, fence mending, animal handling and general transportation. The increasing recreational and sports activities around the world, along with the rising consumer expenditure on leisure and adventure activities, are driving the market growth further. Other than this, several manufacturers operating in the industry are incorporating advanced technologies in ATVs, such as GPS and Bluetooth, which is anticipated to propel the market growth in the upcoming years.
Request for a sample copy of this report: https://www.imarcgroup.com/all-terrain-vehicle-market/requestsample
Insights on Market Segmentation:
Market Breakup by Type:
- Utility ATV
- Sport ATV
- Recreational ATV
Market Breakup by Application:
- Military & Defence
Market Breakup by Engine Type:
- Below 400 cc
- 400 – 800 cc
- Above 800 cc
Market Breakup by No. of Wheels:
- Three Wheels
- Four Wheels
- >Four Wheels
Market Breakup by Drive Type:
View Report TOC, Figures and Tables: https://www.imarcgroup.com/all-terrain-vehicle-market
Market Breakup by Fuel Type:
- Electric ATV
- Gasoline ATV
Market Breakup by Seating Capacity:
- One Seat
- Two or More Seats
Market Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Arctic Cat Inc., Bombardier Recreational Products (BRP), CECTEK, CFMOTO US, Deere & Company (John Deere), HiSun Motors, Honda Motor Co. Ltd., Kawasaki Heavy Industries, KYMCO, Linhai, Polaris Industries Inc., Suzuki Motor Corporation, Taiwan Golden Bee, Yamaha Motor Corporation, etc.
30 N Gould St
Sheridan, WY 82801
Follow us on twitter: @imarcglobal
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products and services cover major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
With close cooperation at all levels of the client organization, IMARC’s tailored approach ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results. IMARC serves clients on a wide array of issues, regardless of industry sector. Our offerings fall under following areas:
1. Market Research
2. Business Strategy
3. Consulting and Advisory Services
4. Procurement and Supply Chain Management
5. Business Intelligence