Report forecast the global ATV market to
grow at a CAGR of 2.88% during the period 2017-2021.
All-terrain vehicle (ATV), also known as
quad bike or quadricycle, is a vehicle that is designed to travel through a
variety of terrains. It has four wheels with low pressure tires; it is steered
using handlebars. Depending on vehicle size, ATVs are (usually) equipped with
up to 2 seats, which are generally made of plastic. The global ATV market is
growing due to increased adoption in applications such as defense; agriculture;
off-road transport in mountainous, snowy, forested, or desert regions; and
recreational or sporting activities.
The report covers the present scenario and
the growth prospects of the global ATV market for 2017-2021. To calculate the
market size, the report presents a detailed picture of the market by way of
study, synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is lower maintenance cost of e-ATVs. Electric ATVs (e-ATVs) have an
electric powertrain that lowers environmental pollution and excessive vehicle
sound. Since the electric powertrain already contains battery, controller, and
motor/generator device to power the wheels, it eliminates the need for gas
powered engine and other mechanical components. Lesser the number of mechanical
components, lower the maintenance cost. In addition, the cost of electrically
charging vehicles is less than the conventional fuel cost. Therefore, with the
use of e-ATVs, the total maintenance cost of ATVs reduces significantly. This
will push more customers to adopt these vehicles.
Further, the report states that one
challenge in the market is range concerns of e-ATVs. Globally, almost all major
automotive market countries are enforcing stringent vehicle emission and
consumption norms, driving the electric vehicle market growth during the
forecast period. To bring down the noise and emission pollutions, ATV
manufacturers have come up with e-ATVs. However, owing to their small battery,
the range that the vehicle can cover on a full charge reduces. High torque and
power requirements quicken the discharging rate of the battery in e-ATVs, which
further affects the vehicle range.
Global
ATV Market 2017-2021, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the market landscape and its growth prospects over the coming years. The report
also includes a discussion of the key vendors operating in this market.
key players in the global ATV market: BRP,
Honda Motors, Polaris Industries, and Yamaha Motor.
Other Prominent Vendors in the market are:
Arctic Cat and Suzuki Motor.
Market
driver
- Lower maintenance cost of e-ATVs
- For a full, detailed list, view our report
Market
challenge
- Range concerns of e-ATVs
- For a full, detailed list, view our report
Market
trend
- Increasing ATV experience zones
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 60 pages “Global
ATV Market 2017 - 2021” report covers Executive summary, Introduction,
Scope of the report, Research Methodology, Market landscape, Market
segmentation, Geographical segmentation, Key leading countries, Decision
framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor
analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UpN
For related reports please visit: ATV Market Research Reports
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at: https://www.marketresearchreports.com/automotive
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