Global ATV Coilover Shock Market 2017-2021
About ATV Coilover Shock
A coilover shock is a suspension device that comprises a shock absorber along with a coil spring encircled over it. The coil springs, along with the shock absorbers, are replaced as a unit if there is leakage in the shock absorbers. Coilover shocks are stiffened shocks and provide damping without torsional loads. Coilover shock is a suspension device that consists of a shock absorber and a coil spring encircling it. The shock absorber and the coil spring are installed as a unit and can be replaced when the shock absorber wears out or has leakage. Coilovers dampen vibrations without torsional loads. They also help adjust the ride height. The stiffness of the dampers or shock absorbers can be switched by adjusting their heights and replacing the spring with different spring rates.
Technavio’s analysts forecast the global ATV coilover shock market to grow at a CAGR of 15.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ATV coilover shock market for 2017-2021. To calculate the market size, the report considers the revenue generated from
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global ATV Coilover Shock Market 2017-2021
Technavio recognizes the following companies as the key players in the global ATV coilover shock market: FOX Factory, Integra Shocks and Springs, QA1, and Walker Evans Racing.
Other Prominent Vendors in the market are: AFCO Performance Group, Aldan American, FLAMING RIVER INDUSTRIES, KONI, KING SHOCK TECHNOLOGY, BILSTEIN, Icon Vehicle Dynamics, and Pro Comp USA Suspension Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is use of smartphones in altering the suspensions of ATV vehicles. JRIDE OR12 shocks from JRI Shocks allow for the adjustment of shock absorbers according to different terrain conditions. The compression and rebound adjustments in suspension shocks are done with the help of smartphone app, steering wheel controls, a dashboard LCD colored display, and smart eight button keypads.”
According to the report, one driver in market is rise in the participation of outdoor recreational activities. The increase in outdoor recreational activities is driving the ATV market in regions like North America and Europe. Mountain racing and dirt racing are gaining traction due to the increase in the number of sports enthusiasts. Associations like the Canadian Council of Snowmobile Organizations (CCSO/CCOM) are conducting sports events every year, which increases the sales of ATVs. The Canadian Off-Highway Vehicle Distributors Council (COHV) is providing training on the safety measures to be taken while riding ATVs.
Further, the report states that one challenges in market is global acceptance of off-road vehicles as street legal vehicles. ATVs are not accepted as street legal vehicles globally. In Europe, there are 22 countries that prohibit the use of ATVs on roads. In the UK, ATVs are allowed on roads only after they are approved, registered, and taxed. They should also hold a valid MOT certificate (an MOT certificate is issued for vehicles once they are tested for safety, roadworthiness, and exhaust emissions). This certificate is mandatory for vehicles (both off-road and on-road) in the UK as per the Road Traffic Act 1988. In addition, the rider needs to have Category B1 license or a full car license and insurance. The main reason for the unacceptability of ATVs as street legal vehicles is the increasing number of road accidents. In the UK, 1 in 3 on-road accidents is ATV related. Also, the number of on-road riders suffering from head injuries is more than the number of off-road riders suffering from head injuries. This will affect the growth of the ATV market, and ultimately the ATV coilover shock market.
FOX Factory, Integra Shocks and Springs, QA1, Walker Evans Racing, AFCO Performance Group, Aldan American, FLAMING RIVER INDUSTRIES, KONI, KING SHOCK TECHNOLOGY, BILSTEIN, Icon Vehicle Dynamics, and Pro Comp USA Suspension Systems.