The global ATV drivetrain system market size will decrease by USD 25.43 million during 2020-2024.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and application (utility ATV and sport ATV). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aisin Seiki Co. Ltd., Bombardier Recreational Products Inc., Dana Inc., Eaton Corp. Plc, Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Polaris Industries Inc., Suzuki Motor Corp., TEAM Industries, and Yamaha Motor Co. Ltd.
Market Competitive Analysis
The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. The key players in the market are focusing on various growth strategies, including the development of autonomous ATVs. Suzuki Motor Corp., TEAM Industries, and Yamaha Motor Co. Ltd. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the negative impact on reliability due to product recalls will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this ATV drivetrain system market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this ATV drivetrain system market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading ATV drivetrain system companies, including:
Aisin Seiki Co. Ltd.
Bombardier Recreational Products Inc.
Eaton Corp. Plc
Honda Motor Co. Ltd.
Kawasaki Heavy Industries Ltd.
Polaris Industries Inc.
Suzuki Motor Corp.
Yamaha Motor Co. Ltd.
ATV Drivetrain System Market: Segmentation by Region
The high demand for off-road vehicles in Australia and Southeast Asian countries is contributing to the sales of ATV drivetrain systems in APAC. The presence of local ATV manufacturers will also influence the ATV drivetrain system market share of the region. Australia, New Zealand, Indonesia, and Thailand are the key markets for ATV drivetrain systems in APAC.
However, factors such as irregular income levels and the presence of price-conscious customers will affect market growth in the region. Almost 21% of the global market’s decremental growth will originate from APAC during the forecast period.
ATV Drivetrain System Market: Segmentation by Application
Utility ATVs serve as an appropriate means of cargo and agricultural transportation and can also be used for ranching and other recreational activities. They usually feature shorter travel suspension, automated transmission, and rear space to carry cargo. Additionally, utility ATVs are lightweight and have a high ground clearance and short-wheelbase, which aid in providing better handling and stability.
Market growth in this segment will be faster than the growth of the market in sport ATV segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the ATV drivetrain system market size.
ATV Drivetrain System Market: Key Drivers and Trends
Developed regions such as North America and Europe are the major markets for ATVs because of the adoption of recreational and utility vehicles for off-roading, military, and transportation purposes. However, with the growing popularity of off-roading vehicles and the entry of new players, there is a growing demand for utility ATVs from the emerging markets in APAC, such as China and India. Additionally, there is also a rising adoption of utility vehicles in the police and defense forces in China and India. The rising demand for ATVs in the emerging markets will significantly influence the demand for ATV drivetrain systems during the forecast period.
Moreover, there is also a growing demand for four-wheel drive ATVs. Because of their high capabilities to operate in high terrains, ATVs with the four-wheel-drive system offer superior performance on rough terrains. Honda and Kawasaki are some of the ATV OEMs that offer all-wheel drive ATVs. Few ATV OEMs also offer viscous couplings that can detect the need for four-wheel-drive systems in real-time. Because of their high-capability, there is a high demand for these ATVs from off-road enthusiasts. In addition to the rising demand for ATVs from emerging markets, the preference for four-wheel drive ATVs will also influence the global ATV drivetrain systems market growth.
The increasing awareness and demand for utility vehicles such as ATVs is encouraging OEMs to seek open facilities where consumers can experience ATV rides in an artificial off-road field.
Prominent ATV manufacturers in emerging markets are focusing on improving their visibility and presence in emerging markets with high growth potential.
Various states in the US have sanctioned lands to develop ATV riding circuits, considering the effects of environmental pollution and civilian disturbance in places allocated for terrain circuits.
With advancements in ATV design and manufacturing technology, one of the key ATV drivetrain system market trends, manufacturers are making improvements in ATV powertrains and drivetrains.
ATV Drivetrain System Market: Key Highlights of the Report for the Forecast Period 2020-2024
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will accelerate the ATV drivetrain system market growth during the next five years
Precise estimation of the global ATV drivetrain system market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the ATV drivetrain system industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of ATV drivetrain system vendors