Global ATV Coilover Shock Market 2017-2021

Overview of the ATV coilover shock market

Market research analysts at Technavio predict that the ATV coilover shock market will grow steadily over the next four years and in terms of units, will post a CAGR of almost 16% by 2021. This market research analysis identifies the growing preference for ATVs and UTVs for defense and military applications as the key growth factor for the global ATV coilover shock market. The ATVs are specially designed for seamless and agile mobility across different terrains such as rocky, forest areas, and coastal regions. Owing to the ease of transportation, the vehicles are largely used in defense and military applications. In addition, ATVs can also be carried in aircrafts, where factors such as the convenience also play a prominent role. With the border security forces in many countries using ATVs for robust military operations, ATVs equipped with advanced and customized features such as the technology to detect mines and the ability to monitor routes using real-time data will soon be introduced, which will again fuel the growth of the ATV coilover shock market during the forecast period.

The usage of smartphones in altering the suspensions of ATV vehicles will be one of the major trends that will gain traction in this market during the next four years. One of the manufacturers JRI Shocks has already introduced JRIDE OR12 shocks that allows the adjustment of shock absorbers according to different terrain conditions with the help of a smartphone app, steering wheel controls, and dashboard displays.

Competitive landscape and key vendors

The ATV coilover shock market is moderately competitive with the presence of few well-established vendors. To enhance the market presence, vendors are relying on innovation by increasing their investments in R&D. Factors such as the advances in technology and government regulations, will intensify the level of competition among the ATV suspension market players. Moreover, several original equipment manufacturers (OEM) will also focus on indulging in long-term collaborations with the vendors for innovation and to efficiently manage costs.

The leading vendors in the market are –

• FOX Factory
• Integra Shocks and Springs
• QA1
• Walker Evans Racing

The other prominent vendors in the market are AFCO Performance Group, Aldan American, FLAMING RIVER INDUSTRIES, KONI, KING SHOCK TECHNOLOGY, BILSTEIN, Icon Vehicle Dynamics, and Pro Comp USA Suspension Systems.

Segmentation by application and analysis of the ATV coilover shock market

• All-terrain vehicle (ATVs)
• Utility terrain vehicles (UTVs)

The ATVs segment contributed to the majority shares and dominated the ATV suspension market during 2016. An increase in the number of off-road recreational activities coupled with the surge in the number of sports enthusiasts preferring ATV riding will fuel the growth of this market segment. Various organizations such as the Texhoma Quad Racing Association (TQRA) and the Ontario Federation of ATV Clubs are conducting competitions on a regular basis. This will increase the customers’ interest toward sporting events such as dirt racing and sand racing, consequently contributing to the market’s growth.

Market segmentation by geography and analysis of the ATV coilover shock market

• Americas
• APAC
• EMEA

Owing to the high demand for all-terrain vehicles in countries such as the US and Canada, the Americas dominated the market for ATV coilover during 2016. The comfortability in riding UTV that increases their demand for farming, hunting, and defense applications and the increase in the number of off-road recreational activities that propels the demand for ATVs, will be factors augmenting the market’s growth prospects in this region. According to this market research study, this region will continue to dominate the ATV suspension market in the next few years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the ATV coilover shock market?
• What are the key market trends impacting the growth of the ATV coilover shock market?
• What are the challenges to market growth?
• Who are the key vendors in the ATV coilover shock market?
• What are the market opportunities and threats faced by the vendors in the ATV coilover shock market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the ATV coilover shock market?

Technavio also offers customization on reports based on specific client requirement.

Shock absorbers are an integral part of an automobile, much like tires, frames, nuts and bolts, seats and upholstery and are exposed to a lot of wear and tear due to bumps on the road. Since shock absorbers have a shorter replacement cycle, its demand is expected to increase over the next few years. Many shock absorber types are prevalent in the market, but coil over shock is preferred over others as it provides easier installation, replacement, and adjustment including ride height. To help clients explore the opportunities, market landscape, and technological advancements, Technavio is working on its upcoming report of global ATV coil over shock market for the forecast period of 2017 to 2021.

To develop a comprehensive report on ATV coil over shock market, Technavio uses extensive primary and secondary research, covering multiple factors such as the demand across geographical regions, market size, key vendors, and market growth rate. Despite the emergence of newer technologies such as magnetic and air shock absorbers, coil over shock is still in demand due to cost and ease of installation factor. This report also studies the future for coil over shock compared to other technologies.

The upcoming report on the global ATV coil over shock market also considers the growth of similar markets such as global automotive air suspension market and global automotive brake booster market, which are expected to grow at a CAGR of about 5% and 9%, respectively, for the forecast period of 2017 to 2021. Over the years more and more people are looking to tweak their vehicle as per their requirements, while most of the parts can easily be tweaked, shock absorbers are not that simple. Only coil over shock system gives the rider the freedom to tweak the shock to be softer or harder as per their requirement. This need for a custom vehicle is driving the demand for coil over shock from auto manufacturers, as this reflects as a safe bet for them.

The market report for ATV coil over shock also identifies emerging trends, market landscape, competitive environment, industry insights, and key challenges the industry is currently facing. The report also considers the growth of powertrain and wheels and tires market.