DUBLIN, Dec 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global All-Terrain Vehicle Market 2016-2020" report to their offering.
The report forecasts the global all-terrain vehicles market to grow at a CAGR of 8.19% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global all-terrain vehicles market for 2016-2020. To calculate the market size, the report provides the performance and market dominance of each of the vendors in terms of experience, product portfolio, geographical presence, financial condition, and R&D.
One of latest trends in the market is increase in ATV experience zones. Terrain vehicle manufacturing companies are increasing the number of riders by creating experience zones. In North America, ATV manufacturers such as Arctic Cat, Bombardier Recreational Products, Yamaha Motor, and Honda Motor formed an association to develop terrain vehicles market by organizing sports events. Polaris is developing Polaris experience zones (PEZs) in countries like America, Germany, and India to increase its customer base. Polaris recently opened a new experience zone in Mumbai, India, which took their overall experience zone count to 54 in India. These experience zones are a destination for all enthusiasts looking for adventure and thrill. Once these adventure enthusiasts develop a liking for these vehicles, there is a strong probability that they might become potential customers in future. Based on this assumption, Polaris is planning to develop 200 PEZs in India in the next five years.
According to the report, one of the primary drivers in the market is growing use as a means of transport on uneven roads. The all-terrains vehicles market is experiencing increased demand because of its ability to move quickly in mountainous and rocky terrains. American consumers are using ATVs in forests, agricultural lands, and mountains. Australia, US, Germany, and India are adopting ATVs for farming, which needs less manpower and decreases the overall cost of farming.
- Bombardier Recreational Products
- Arctic Cat
- Yamaha Motor
- Honda Motor
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/gl3gk3/global
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets