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The all-terrain vehicle transmission system market share is expected to decrease by USD 124.37 million from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of -4.81%.
This all-terrain vehicle transmission system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the all-terrain vehicle transmission system market segmentation by application (utility ATV and sport ATV) and geography (North America, Europe, APAC, MEA, and South America). The all-terrain vehicle transmission system market report also offers information on several market vendors, including Aisin Seiki Co. Ltd., Bombardier Recreational Products Inc., Gibbs Sports Amphibians Inc., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Ontario Drive, and Gear Ltd., Polaris Inc., Suzuki Motor Corp., TEAM Industries, and Yamaha Motor Co. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in ATVs with automatic transmission is notably driving the ATV transmission system market growth, although factors such as adverse effects of ATVs on the environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the all-terrain vehicle transmission system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key All-Terrain Vehicle Transmission System Market Driver
The increase in the number of ATVs offered with an automatic transmission system is a major factor that drives the all-terrain vehicle transmission system market growth. Automatic transmission systems are costlier than manual transmission systems owing to the greater use of electronics. Hence, the greater adoption of automatic transmission systems in ATV will generate more revenues for the market in focus. Prominent vendors such as Polaris Industries, Yamaha Motor, and Honda Motor are offering ATVs with an automatic transmission system (mostly dual-clutch transmission). The demand for automatic ATVs has seen an upward trend over the last few years, which has resulted in high sales. Automatic transmission facilitates the possibility to achieve many speed ratios and obtain wide varieties of torque. This will drive the sports segment of ATVs.
Key All-Terrain Vehicle Transmission System Market Trend
The performance of the powertrain of an off-road vehicle, such as an ATV, is one of the key trends in the all-terrain vehicle transmission system market growth To increase the overall performance, the manufacturers of different ATV powertrain systems are increasingly making use of performance-optimizing techniques. The same can be seen in the global ATV market, wherein the ATV powertrain manufacturers are making use of integrated systems, which encompassed two-three systems in one system. The vendors operating in ATV powertrain systems are working on developing a two-stage transaxle for ATVs. Through this method, the overall performance of the transmission system can be increased by reducing the rotating inertial mass. The manufacturers of ATV powertrain systems are also increasingly focusing on achieving superior acceleration by keeping the weight of the transaxle as low as possible. Such developments would positively impact the market in focus.
Key All-Terrain Vehicle Transmission System Market Challenge
Adverse effects of ATVs on the environment are one of the key challenges for the all-terrain vehicle transmission systems market growth. Many off-road vehicles are not road legal, which means that they can be used in certain areas or on private roads only. The department of public safety in countries that find high popularity of ATVs has imposed certain rules and regulations on the use of ATVs. Such restrictions limit the adoption of ATVs, which is hindering the growth of the market in focus. Various cities in the world have banned the use of off-road vehicles within the city limits. For instance, the use of ATVs, dirt bikes, and other custom 4WD (4×4 off-road vehicles) high-performance off-road vehicles are prohibited in the city of New York, the US. Such restrictions pose a challenge by preventing consumers from buying new ATVs, thus impacting the market focus. Many OEMs that make ATVs, such as Honda and Polaris, have exited the Australian market, where there was increasing market demand. The reason for the exit was the strict regulations implemented, which prevent the sales of existing models. Hence, in countries that adopt such measures, there will be a negative effect on the market.
This all-terrain vehicle transmission system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the all-terrain vehicle transmission system market as a part of the global automotive components and accessories market. The growth in the global auto parts and equipment market will be driven by factors such as an increase in electronic components in automobiles, integration of safety systems, and increasing safety regulations. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the all-terrain vehicle transmission system market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the all-terrain vehicle transmission system market encompasses successful business strategies deployed by the key vendors. The ATV transmission system market is concentrated and the vendors are developing advanced ATV transmission systems to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The all-terrain vehicle transmission system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the all-terrain vehicle transmission system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the auto parts and equipment market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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4% of the market's growth will originate from MEA during the forecast period. UAE, Bahrain, Qatar, and Saudi Arabia are the key markets for all-terrain vehicle transmission systems in MEA. Market growth in MEA will be faster than the growth of the market in other regions.
The growth of the regional tourism industry and the growing popularity of recreational activities such as desert traveling will facilitate the all-terrain vehicle transmission system market growth in MEA over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19-19 and the lockdown situation in many countries in the region have disrupted the supply chain activities of various companies, including ATV manufacturing companies. Owing to the lockdown situation, the temporary closure of ATV manufacturing companies has limited the use of ATVs, thereby hindering market growth in the region during the forecast period. Any shortage in supplies of transmission systems to OEMs which are assembled and sold in MEA will largely affect the sales.
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The all-terrain vehicle transmission system market share growth in the utility ATV segment will be significant during the forecast period. At present, the wide applications and functionalities associated with utility ATVs are the primary reasons for the high market share of this segment. Utility ATVs can be conveniently used in the transportation of cargo, agriculture, ranching, along with recreational activities. This makes utility ATVs more popular than sport ATVs among individual users. Another reason for the wide adoption of utility ATVs is their short-travel suspension, high-power motor, and rear space to carry cargo, which increases their value proposition in varied applications.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ATV transmission system market size and actionable market insights on post COVID-19 impact on each segment.
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All-Terrain Vehicle Transmission System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of -4.81% |
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Market growth 2021-2025 |
$ 124.37 million |
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Market structure |
Concentrated |
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YoY growth (%) |
-6.33 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
MEA at 4% |
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Key consumer countries |
US, Canada, Germany, UK, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aisin Seiki Co. Ltd., Bombardier Recreational Products Inc., Gibbs Sports Amphibians Inc., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Ontario Drive and Gear Ltd., Polaris Inc., Suzuki Motor Corp., TEAM Industries, and Yamaha Motor Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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