All-Terrain Vehicle (ATV) Engines Market Overview -
All-terrain vehicles (ATV) are becoming prominent owing to the emergence of eco-tourism and rise of recreational parks. ATV engines allow maximum passage of air through cooling fins of the vehicle during motion. Restrictions on noise levels emitted by engines and high power to displacement ratio for maximum power and fuel-efficiency can shape the market in the coming years. The global All-Terrain Vehicle Engines Market report collated by Market Research Future (MRFR) projects revenue and growth earnings for the industry for the period of (forecast period). The estimations are based on drivers, challenges, opportunities, and trends prevalent in recreational areas and mountain trails worldwide. The COVID-19 outbreaks and its impact are recorded in the report.
The global all-terrain vehicle engines market is projected to register a CAGR of 5.38% during the review period.
All-Terrain Vehicle (ATV) Engines Market Competitive Landscape:
The global all-terrain vehicle (ATV) engines market research report brings a comprehensive study of application, displacement, and vehicle type market segments, regional analysis, and quad bike vertical based company details of key players. As the forecast period. will bring new opportunities for the market owing to the increasing awareness among consumers and growing investments across different sectors, the market is set to grow at a compound annual growth rate of 5.38% and is predicted to reach a substantial valuation by forecast period.
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With SWOT analysis of quad bike sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the increasing demand for product substitutes and dynamic policies and regulations, companies in the quad bike sector can change the way business is done.
BRP-Rotax GmbH Co KG, CFMOTO, Polaris Industries, Inc., Honda Motor Co., Ltd., Textron Inc., Kawasaki Heavy Industries, Ltd., Taiwan Golden Bee Co., Massimo Motor Sports, LLC, Suzuki Motor Corporation, and Yamaha Motor Co., Ltd. are key players of the global ATV engines market.
All-Terrain Vehicle (ATV) Engines Market Segmentation:
The quad bike sector has seen growth across application, displacement, and vehicle type segments owing to the growing application areas and the increasing spending power of consumers. To study the market, analysts have further segmented application, displacement, and vehicle type into sports, agriculture, entertainment, hunting, military, and others on the basis of vehicle type. The market is further segmented into application sub segment which is split into recreational, sports, sports utility, touring, utility, others. Additionally, the all-terrain vehicle (ATV) engines market on the basis of displacement is segmented into low, mid, and high.
The segmental analysis presented in the report provides quad bike field based organizations insights into key growth factors such as shifting trends in the consumer market as well as challenges such as serious injuries resulting from improper use of ATVs the market will face from Forecast Period. The presence of untapped market opportunities and the rise in distribution channels are some of the key factors having an influence on quad bike industry based companies, suggest analysts as per the all-terrain vehicle (ATV) engines market report. But the report also identifies various government mandates and demand and supply gaps as major threats companies in quad bike will face till 2025.
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All-Terrain Vehicle (ATV) Engines Market Regional Overview:
Quad bike market based companies in the all-terrain vehicle (ATV) engines market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Favorable policies across regional markets will be a key growth driver for regional markets. However, the lack of developed infrastructure will turn out to be a threat. For the forecast period 2019 to 2025 each of these regional markets are studied in the report.
Starting from North America, the regional market and quad bike vertical based companies are spread across the United States, Canada, and Mexico. The availability of substitutes will turn out to be a major challenge from 2019 to 2025. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the presence of untapped market opportunities as well as the introduction of new products, suggests the report.
Similarly, the quad bike sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the all-terrain vehicle (ATV) engines market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period.
The Pro Armor brand of all-terrain vehicle components has been acquired by Polaris Industries Inc. Officials said this week that acquiring the company extends Polaris’ lucrative components, apparel, and accessories business and gives it a well-known brand in ATV racing circles. Last year, Pro Armor made $15 million in revenue. Polaris completed the transaction with LSI Products Inc. and Armor Holdings LLC of California. The terms of the agreement were not disclosed. Polaris is best known for its ATVs, snowmobiles, and motorcycles, all of which are manufactured in Medina. However, over the last few years, the company has expanded its parts and accessories division through key acquisitions that have added well-known brands to its portfolio.
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