Global All-Terrain Vehicle (ATV) Market, is expected to register high growth rate during the forecast period
Market Research Future published a cooked research report on Global All-Terrain Vehicle (ATV) Market.
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.
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:
This report includes a study of strategies, of major market players. It includes the product portfolios and developments of leading major players All-Terrain Vehicle (ATV) vehicle Arctic Cat, Bombardier Recreational Products, CECTEK, CFmoto, Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere and KYMCO.
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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.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 100 pages of the report. Avail the in-depth table of content TOC & market synopsis on “Global ALL-TERRAIN VEHICLE (ATV) Market information- Global Forecast to 2023.”
The increase in the government regulation for licencing and certificates will result in the decline for the sales of the vehicles during the forecast period. Many people lack proper certification in accordance with the safety requirements due to which there will be a decline in the buying criteria of the consumer. The stringency in the government standards and criteria can result in the decline of the market.
The Asia Pacific region dominated the Global All-Terrain Vehicle (ATV) Market in 2016, with North America and Europe closely following.
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.
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