All-Terrain Vehicle (ATV) Engines Market Overview:
All-Terrain Vehicle (ATV) are any non-road licensed vehicles that are used for recreational purpose or for riding off-the road. They can be driven on all-terrain roads including trail roads among others. They are most prepared in racing course, competitions, and adventure.
The governments have set various rules with respect to different age groups to mitigate the risk of accident. For instance, children below 12 years of age have to be under strict monitoring while operating all-terraine vehicles, which makes it a restraint for the person to ride the ATVs. Individuals in the age group of 12 - 17 years should have a valid ATV certificate which makes it difficult for such riders to ride the ATV. The factors mentioned above are expected to act as a major restriant for the All-Terrain Vehicle market during the forecast.
Global All-Terrain Vehicle (ATV) Engines market has seen high growth; expected to rise at a CAGR of ~5.38%.
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The strict government rules and regulation for ride an All-Terrain Vehicle (ATV) are expected to adversely impact the All-Terrain vehicle market in the future. Additionally, the customer base of riders below 18 years of age, may not have proper guidance for riding the ATV, which may result into accident. This will be restraining factor for the growth of the market.
Key Players All-Terrain Vehicle (ATV) Engines Market are-
Honda Motor Co., Ltd., BRP-Rotax GmbH & Co KG, CFMOTO, Taiwan Golden Bee Co., Massimo Motor Sports, LLC, Kawasaki Heavy Industries, Ltd., Textron Inc., Suzuki motor corporation, Yamaha Motor Co., Ltd. and Polaris Industries, Inc.
All-Terrain Vehicle (ATV) Engines Market Segmentation:
The global All-Terrain Vehicle (ATV) vehicle market has been segmented on the basis of product as sports ATV, sports utility ATV, utility ATV and Others.
On the basis of application, the market has been segmented as sports & recreation, agriculture, military & defense and forestry.
On the basis of basis of geography the market has been segmented as Americas, Europe, Asia Pacific and Rest of the world.
On the basis of region, the market has been segmented into United States, Europe, China, Japan, South Kore, India and Rest of the World. Ap present, the U.S. domintes the global ATV engines market and trend is like to continue over 2025. Factors such as construction of several ATV experience zones, increased use of ATVs in adventure tourism and advanced engine design and transmission system are supporting the growth of the market in the U.S. In 2017, the U.S. accounted for 45.73% market share, followed by Europe and Rest of the World with 19.6% and 16.01% market shares, respectively.
In Europe, the All-Terrain Vehicle (ATV) industry has been growing due to various initiatives taken by the European government. The region is expected to grow due to increase demand of mobility by masses. Mobility will be a major factor contributing to the growth of the region during the forecast period. There has been increase in the training center development in Europe which will add to their awareness about the skills required and riding experience pertaining to all-terrain vehicles. This will led to growth of the market during the forecast period.
Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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