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Latest industry analysis by Fact MR, predicts All-Terrain Vehicle sales to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The report offers actionable and valuable market insights of All-Terrain Vehicle. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of All-Terrain Vehicle Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of All-Terrain Vehicle market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of All-Terrain Vehicle
This newly published and insightful report sheds light on Market Insights of All-Terrain Vehicle, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of All-Terrain Vehicle Market.
Fact.MR reveals in its newest report that the global all-terrain vehicle market will witness a fourfold growth to reach a valuation of US$ 3.9 Bn by the end of 2027. The all-terrain vehicle market is currently in its infancy, but the need for mechanization in difficult terrain is boosting its demand. Robust growth has occurred over the past two years, with consistent demand from individuals, hospitality sector, adventure parks, and off-road enthusiasts. Efforts to improve the technology used in all-terrain vehicles such as power steering, electronic fuel injection and four-wheel independent suspension are expected to fuel the demand for all-terrain vehicles during the forecast period. Moreover, the implementation of annual motorsport competitions have given the tourism industry a significant boost, benefiting the all-terrain vehicle market.
Key Takeaways of the All-Terrain Vehicle Market
- North America, with the highest production and sales volume of all-terrain vehicles is expected to garner a market share of fifty percent during the forecast period
- Countries like the U.S. and Canada house a large number of manufacturers of efficient utility terrain vehicles with sophisticated features
- The U.S. Forest Service has launched the Program for Travel Management & Off-Highway Vehicles (OHV) to raise awareness of trail quality which is boosting the global all-terrain vehicle market
- Europe is projected to be the main growth pocket in the global market, driven by the growing use of all-terrain vehicles in the industrial and agricultural sectors
- During the forecast period, the growing risk of accidents caused by the use of flipping or rolling of all-terrain vehicles is expected to limit the demand for all-terrain vehicles
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“The growing popularity of outdoor entertainment activities such as off-road sports, increasing numbers of trails and adventure parks, and high demand for all-terrain vehicles for military and agricultural applications are key factors accrediting recognition to the global all-terrain vehicle market” according to a Fact.MR analyst
Mergers and Acquisitions Characterize a Consolidated Market
The global all-terrain vehicle market is consolidated in nature. In order to gain larger shares, players are actively participating in acquisitions and mergers. In September 2018, Polaris and WSI jointly announced the execution of a merger agreement to broaden its product portfolio. Innovative technologies such as Independent Rear Suspension (IRS) are being implemented by industry players to provide superior stability and function in complex terrain. Adoption of systems to smooth rough terrain rides will further increase the size of the all-terrain vehicle market over the forecast period.
Find More Valuable Insights on the All-terrain vehicle Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for All-terrain vehicle, with historical data on demand (2013-2018) and expected projections for the period 2019-2027. The report discloses compelling insights into the demand for All-terrain vehicle based on drive type (2WD, 4WD and AWD), fuel type (Gasoline (Below 400 cc), Gasoline (400 – 800 cc), Gasoline (More than 800 cc) and Electric), seating capacity (One Seat and Two Seat), application (Sports, Entertainment, Agriculture, Military & Defense, Others (Hunting & Forestry)), age group (Youth and Adult) and number of wheels (Four Wheels and > Four Wheels) across several regions.
Global All-Terrain Vehicle Market: In-Depth Assessment on Key Segments
The global all-terrain vehicle market is segmented on the basis of drive type, fuel type, seating capacity, application, age group, number of wheels and region.
|Drive Type||· 2WD
|Fuel Type||· Gasoline
· Below 400 cc
· 400 – 800 cc
· More than 800 cc
|Seating Capacity||· One Seat
· Two Seat
· Military & Defense
· Others (Hunting & Forestry, etc.)
|Age Group||· Youth
|Number of Wheels||· Four Wheels
· > Four Wheels
|Region||· North America
· Latin America
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Report Benefits & Key Questions Answered
- All-Terrain Vehicle Company & brand share analysis: The report offers in-depth All-Terrain Vehicle brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
- All-Terrain Vehicle Historical volume analysis: The report offers a comparative analysis between historic sales of All-Terrain Vehicle and projected sales performance for 2021-2031
- All-Terrain Vehicle Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
- All-Terrain Vehicle Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
- Post COVID consumer spending on All-Terrain Vehicle: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on All-Terrain Vehicle Market
Fact.MR, in its new report, offers an unbiased Market Analysis of All-Terrain Vehicle, Sales and Demand of All-Terrain Vehicle, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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