Overview of the global ATV market
Research analysis on the global ATV market identifies that the lower maintenance cost of e-ATVs will be one of the major factors that will have a positive impact on the growth of the market. Electric ATVs (e-ATVs) are equipped with electric powertrain that reduces environmental pollution and vehicle sound. Since the electric powertrain consists of a battery, controller, and motor/generator device to drive the wheels, it eliminates the need for gas-powered engines and other mechanical components. This results in a significant reduction in maintenance costs. Moreover, the cost of electrically charging vehicles is much lower than the conventional fuel costs. These advantages will drive the adoption of ATVs, fueling market growth. Technavio’s market research analysts predict that in terms of units, this market will grow at a CAGR of nearly 3% by 2021.
The rise in ATV experience zones is one of the latest trends that will gain traction in the ATV market during the next few years. Numerous ATV manufacturers are encouraging the adoption of these vehicles by coming up with specific experience zones in many countries. The ATV manufacturers in North America have already formed an association that organizes off-road sport and racing events to boost the growth of the all-terrain vehicle market. Several states in the US have also granted lands for ATV riding circuits.
Competitive landscape and key vendors
The ATV market consists of a few well-established vendors and is slightly competitive. The entry of new players is observed in the market since the investment required is less. Key players in the all-terrain vehicle market are focusing on enhancing their market shares by increasing their customer base and geographical footprint. Additionally, they are also focusing on enhancing their product portfolio and are joining or acquiring home grown ATV manufacturers in different regions to improve the quality.
The leading vendors in the market are –
- BRP
- Honda Motors
- Polaris Industries
- Yamaha Motor
The other prominent vendors in the market are Arctic Cat and Suzuki Motor.
Segmentation by application and analysis of the ATV market
- Utility ATV
- Sports ATV
During 2016, the utility ATV segment accounted for the major shares of the ATV market. Advantages of these ATVs such as the short travel suspension, increased power rated motor, and better space to carry cargos will contribute to the demand for these utility ATVs in the coming years.
Geographical segmentation and analysis of the ATV market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the ATV market throughout the forecast period. The demand for ATVs in recreational activities, sports, and military and defense, will be the major factor driving the growth of the market in this region. The US and Canada are the major contributors to the all-terrain vehicle market in the Americas.
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 global ATV market?
- What are the key market trends impacting the growth of the global ATV market?
- What are the challenges to market growth?
- Who are the key vendors in the global ATV market?
- What are the market opportunities and threats faced by the vendors in the global ATV market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global ATV market?
Technavio also offers customization on reports based on specific client requirement.
This upcoming research report on the global electric ATV market offers insights into the major trends and forthcoming drivers influencing the growth of the automotive industry. Our reports for the automotive industry also follow a scrupulous 
data collection methodology and present an extensive analysis of fast growing market segments like automotive manufacturing.
By taking into account the changing market size, surging demand for various segments in the automotive manufacturing sector, the market research professionals at Technavio present an all-inclusive picture of the electric ATV market for 2017 to 2021. Furthermore, our research practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
This forthcoming market research report on the electric ATV market also covers vendors like Polaris, Bombardier Recreational Products, Arctic Cat, Yamaha, and Honda. According to our industry experts, the increasing demand of ATV for military and defense operations is expected to impact the global market significantly during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the electric ATV market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the electric ATV market also categorizes the key drivers, prominent trends, along with the imminent restraints that the automotive manufacturing sector currently experiences. This upcoming report on the electric ATV market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the automotive industry. Technavio also presents in-depth market assessments into the sectors such as automotive electronics and automotive components.
Our market research methodology for the global electric ATV market
