All-terrain Vehicle Market Expected to Deliver Dynamic Progression: 2019-2027

ROCKVILLE, Md. - Jan. 15, 2020 - PRLog -- All-terrain vehicles are automobiles that are certified according to the standards of the American National Standards Institute (ANSI), which are capable of mobility on low pressure tires, a specialized seat for straddling by the user, and steering controls through handlebars.

The global all-terrain vehicle (ATV) market analysis report also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. It also analyzes the entry barriers and overall intensity of the competition in the global all-terrain vehicle (ATV) market. Some of the key players mentioned in the research report are

• Kawasaki Motors Corp.
• Suzuki Motor Corporation
• Nebula Automotive Pvt. Ltd.
• Honda Motor Company, Ltd.
• Many Others

The global all-terrain vehicles (ATV) market is projected to grow at a sluggish CAGR of 2 per cent till the end of the forecast period in 2027. This growth will account for USD 3.9 billion in this period.

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Four Wheel Drive Options to Gain Traction Owing to Higher Safety

The rapid increase in outdoor sports activity is expected to result in a higher demand for all-terrain vehicles owing to terrain navigation capabilities. Advances in terms of user friendliness and technology is also increasing the scope of the industry, which stimulates market growth, with the increase in global tourism. According to estimates by analysts all-terrain vehicles with 4 wheel drives will become the segment with the fastest growth in terms of all-terrain vehicles and will gain control of ~ 40 per cent of overall market share by the end of the forecast period.

To provide an in-detailed analysis of the potential opportunities, the research report takes into consideration of the several growth factors across different regional segments. The important geographical segments of the global all-terrain vehicles market are as follows:

• North America (Canada, US)
• Latin America (Argentina, Mexico)
• Europe (NORDIC, UK)
• Japan and MEA
• APEJ (China, India)

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Manufacturers are increasingly pushing for advancements in tech such as electronic fuel injection and power steering, while also pushing for partnerships with regional players in the Asia Pacific, many of which are located in India for cheaper production of parts, while maintaining quality standards to boost profitability.