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Global All-Terrain Vehicle Market 2016-2020

Global All-Terrain Vehicle Market 2016-2020

About All-Terrain Vehicles

ATV (also known as a quad, quad bike, three-wheeler, four-wheeler, or quadricycle) are off-highway recreational vehicles specifically designed for a wider variety of terrains such as a combination of land, water, snow, ice, marsh, swampland, and natural terrain. The off-road segment of recreational activities is one of the fastest growing markets compared with the conventional segments in the motorsports industry. The segment is still in its infant stage demonstrating incredible scope for growth in the off-road world with the rising trend for recreational activities such as sports and racing. Off-roading involves driving or riding a vehicle on unsurfaced terrains requiring vehicles that would accommodate off-road conditions.

Technavio’s analysts forecast the global all-terrain vehicles market to grow at a CAGR of 8.19% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global all-terrain vehicles market for 2016-2020. To calculate the market size, the report provides the performance and market dominance of each of the vendors in terms of experience, product portfolio, geographical presence, financial condition, and R&D.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global All-Terrain Vehicles Market 2016-2020, 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 vendors
  • Polaris
  • Bombardier Recreational Products
  • Arctic Cat
  • Yamaha Motor
  • Honda Motor
Other prominent vendors
  • Kawasaki
  • Suzuki
  • Nebula Automotive
  • Yamaha Motor
Market driver
  • Increasing demand for military and defense operations.
  • For a full, detailed list, view our report
Market challenge
  • Lack of global acceptance as a street legal vehicle.
  • For a full, detailed list, view our report
Market trend
  • Growing penetration of CVTs in ATVs.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global All-Terrain Vehicles Market 2016-2020

Technavio recognizes the following companies as the key players in the global all-terrain vehicles market: Polaris, Bombardier Recreational Products, Arctic Cat, Yamaha Motor, and Honda Motor.

Other prominent vendors in the market are: Kawasaki, Suzuki, Nebula Automotive, and Yamaha Motor.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in ATV experience zones. Terrain vehicle manufacturing companies are increasing the number of riders by creating experience zones. In North America, ATV manufacturers such as Arctic Cat, Bombardier Recreational Products, Yamaha Motor, and Honda Motor formed an association to develop terrain vehicles market by organizing sports events. Polaris is developing Polaris experience zones (PEZs) in countries like America, Germany, and India to increase its customer base. Polaris recently opened a new experience zone in Mumbai, India, which took their overall experience zone count to 54 in India. These experience zones are a destination for all enthusiasts looking for adventure and thrill. Once these adventure enthusiasts develop a liking for these vehicles, there is a strong probability that they might become potential customers in future. Based on this assumption, Polaris is planning to develop 200 PEZs in India in the next five years.”

According to the report, one of the primary drivers in the market is growing use as a means of transport on uneven roads. The all-terrains vehicles market is experiencing increased demand because of its ability to move quickly in mountainous and rocky terrains. American consumers are using ATVs in forests, agricultural lands, and mountains. Australia, US, Germany, and India are adopting ATVs for farming, which needs less manpower and decreases the overall cost of farming. ATVs, also known as quad bikes with the ability to operate in different terrain conditions such as in mud, water, and rough areas. This gives them the advantage to operate in different regions. Manufacturers will have the opportunity to expand their market in countries of the African continent where people find it difficult to travel inside forest areas.

Further, the report states that one major challenge in the market is lack of global acceptance as a street-legal vehicle. ATVs are not accepted as street-legal vehicles globally. There are 22 states in the US that prohibit the use of ATVs on the road. The UK allows ATVs on the road only after it is approved, registered, taxed, and have a valid MOT (Ministry of Transport) certificate. The MOT certificate is issued for vehicles on aspects of safety, roadworthiness, and the level of exhaust emissions. This certificate is mandatory for vehicles (both off-road and on-road) in the UK for most vehicles over three years old used on any roads defined in the Road Traffic Act 1988. Riders should have Category B1 license or a full car license and insurance to drive the vehicle.



Companies Mentioned

Polaris, Bombardier Recreational Products, Arctic Cat, Yamaha Motor, Honda Motor, Kawasaki, Suzuki, Nebula Automotive, Yamaha Motor.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global ATV market segmentation
    • Market size and forecast
      • Table Global ATV market 2015-2020 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global ATV market by application
      • Table Global ATV market by application 2015-2020 (thousands of units)
    • Market size and forecast
      • Table Global ATV market by application (% share)
    • Global UTV market
      • Table Global UTV market 2015-2020 (thousands of units)
    • Global ATV market
      • Table Global ATV market 2015-2020 (thousands of units)
    • Global snowmobile market
      • Table Global snowmobile market 2015-2020 (thousands of units)
  • Geographical segmentation
    • Table Global ATV and snowmobile market by geography 2015 (% share)
    • Table Global ATV and snowmobile market by geography 2020 (% share)
    • Market size and forecast
      • Table Global ATV and snowmobile market by geography (thousands of units)
    • ATV and snowmobile market in Americas
      • Table ATV market in Americas (thousands of units)
      • Table ATV market in Americas 2015 (% share)
      • Table snowmobile market in Americas (thousands of units)
    • ATV market in EMEA
      • Table ATV market in EMEA 2015-2020 (thousands of units)
      • Table ATV market in EMEA 2015 (% share)
      • Table Snowmobile market in EMEA 2015-2020 (thousands of units)
    • ATV market in APAC
      • Table ATV market in APAC 2015-2020 (thousands of units)
      • Table ATV market in APAC 2015 (% share)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Growing use as a means of transport on uneven roads
    • Increasing demand for military and defense operations
    • Rise in off-road recreation activities
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Age distribution of ATV riders in US 2013
    • Table HC+CO+NOx emissions from recreation vehicles (gm/km)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Polaris
      • Table Polaris revenue segmentation 2015
    • Bombardier Recreational Products
      • Table Bombardier Recreational Products product portfolio
      • Table Bombardier Recreational Products geographical segmentation 2015
      • Table Revenue based on category 2015
    • Arctic Cat
      • Table Arctic Cat product portfolio
      • Table Arctic Cat revenue segmentation 2015
    • Yamaha Motor
      • Table Yamaha Motor product portfolio
      • Table Yamaha Motor revenue segmentation 2015
      • Table Yamaha Motor overseas sales 2015
    • Honda Motor
      • Table Honda Motor product portfolio
    • Recent developments
      • Table Honda Motor revenue segmentation by sales 2015
      • Table Honda Motor geographical segmentation 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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