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(Transportation-News.com, January 01, 2019 )
Stratview Research has published a new research report on All-Terrain Vehicles Market. This extensive report by Stratview Research analyses the growth of All-Terrain Vehicles Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
• By Vehicle Type (Utility Vehicle, Recreational Vehicle, Sports Vehicle, Touring Vehicle, Others)
• By Displacement Type (High CC, Mid CC, Low CC)
• By Application Type (Agriculture, Entertainment, Hunting, Military, Sports, Others)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/118/all-terrain-vehicles-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/118/all-terrain-vehicles-market.html
Increasing use of the ATVs
ATVs were introduced to the North American market in 1971 by Honda Motors. Other Japanese major motorcycle manufacturers (Yamaha, Kawasaki, and Suzuki) entered the North American ATV market in the late 1970’s and early 1980’s. The growth in ATV market attracted North American companies like Polaris Industries, Arctic Cat and BRP Inc., which entered the ATV market in 1985, 1995, and 1998 respectively. In addition to major global players, there are a number of other Chinese and Taiwanese manufacturers who produce low combustion chamber engine-based ATVs for local market.
The global All-terrain vehicles market offers a healthy growth opportunity and is likely to witness 5.8% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing disposable income are the major drivers of the all-terrain vehicles market. Increasing use of the ATV in the sports, agriculture, and entertainment purpose is likely to drive the demand during the forecast period. The US is the largest market for ATVs due to presence of large stretches of natural terrain, unpaved roads, and large ranches and farms across the country.
Key players
The supply chain of this market comprises raw material suppliers, component manufacturers, ATV manufacturers, and distributors. The global ATV market is a consolidated market with the presence of global as well as regional players. The key ATV manufacturers are Polaris Industries, Honda Motors, Yahama Motors, Arctic Cat Inc, BRP Inc, and Kawasaki Motors. New product development, vast product portfolio, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
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Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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