All-Terrain Vehicle (ATV) Engines Market Overview:
All-terrain vehicle (ATV) market will grow at an impressive in both advanced and fast-developing economies. On a global level, the market is projected to post a compound annual growth rate of 5.38% during the review period (2018-2025). Popularity of ATV as an outdoor recreation activity has grown significantly in recent years.
There rising demand from the tourism sector can be viewed as major driver for the global ATV engines market. Development of high-performance engines is also creating opportunities for market players. A wide range of ATVs have come up recent years, consequently prompting OEMs to focus on developing engine technology further. The global ATV engines market stood at a valuation of USD 1,755.6 Mn, with up to 80 HP engines making the major of the contribution in terms of market revenue.
Global All-Terrain Vehicle (ATV) Engines market has seen high growth; expected to rise at a CAGR of ~5.38%.
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Key Players All-Terrain Vehicle (ATV) Engines Market are-
Honda Motor Co., Ltd., BRP-Rotax GmbH & Co KG, CFMOTO, Taiwan Golden Bee Co., Massimo Motor Sports, LLC, Kawasaki Heavy Industries, Ltd., Textron Inc., Suzuki motor corporation, Yamaha Motor Co., Ltd. and Polaris Industries, Inc.
All-Terrain Vehicle (ATV) Engines Market Segmentation:
The global all-terrain vehicle (ATV) engines market has been segmented based on type, application, and power.
By type, the global all-terrain vehicle engines market has been segmented into 0-300cc, 300-500cc, 500-800cc, 800-1000cc, and 1000cc and above. Currently, the 0-300cc segment accounts for the largest share of the market and is likely to retain its position throughout the forecast period. 0-300cc ATV engines provide the advantages of easy operability, automatic transmission and are best suited for entry-level riders. They offer moderate fuel average and are lightweight and compact in size which leads to a higher sale. The 500-800cc segment is likely to be the fastest growing segment at a CAGR of 5.53% over the forecast period. 500-800cc ATV engines are specially designed to perform heavy tasks and are being increasingly adopted by military and Special Forces.
By application, the global all-terrain vehicle engines market has been segmented into OEM and aftermarket. The OEM segment is the largest as well as the fastest growing segment which is expected to register a CAGR of 5.35% over the forecast period. Growing demand for replacement of ATV engines to upgrade to latest advanced versions will create opportunities for the growth of the OEMs.
By power, the global all-terrain vehicle engine market has been segmented into Up to 80HP and above 80HP. The up to 80HP segment is the largest as well as the fastest growing segment. Up to 80HP engines can be used for a variety of applications such as hauling, carrying, transporting, and farming which boosts the growth of the segment. The segment is expected to capture a CAGR of 5.43% over the forecast period.
Market Research Analysis:
In terms of region, the All-Terrain Vehicle (ATV) Engines Market is divided into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to hold the highest market share in terms of both, value and volume, owing to the increased sales in the aftermarket of fasteners in Asia-Pacific. The rapid increase in the sales of automobiles in the market of Asia-Pacific will increase the size of the global All-Terrain Vehicle (ATV) Engines market.
Increase in infrastructure development, increased sales of different automobiles, and trend of using high-performance fasteners in automobiles will boost the sales of the product in Asia-Pacific and open opportunities in the region. Europe is expected to lead in terms of CAGR during the forecast period. Presence of top manufacturers of automobiles and their parts in Europe will minimize the costs and enhance sales due to increased demand for quality and innovative design within All-Terrain Vehicle (ATV) Engines and growing sales.
increased sales of components will increase merger and acquisition initiatives in the market for All-Terrain Vehicle (ATV) Engines. However, alternatives such as welding will majorly restrain the growth of the All-Terrain Vehicle (ATV) Engines. Growing unorganized sector will hamper the growth of the manufacturers in the global All-Terrain Vehicle (ATV) Engines marke
Regional Outlook
On the basis of region, the market has been segmented into United States, Europe, China, Japan, South Kore, India and Rest of the World. Ap present, the U.S. domintes the global ATV engines market and trend is like to continue over 2025. Factors such as construction of several ATV experience zones, increased use of ATVs in adventure tourism and advanced engine design and transmission system are supporting the growth of the market in the U.S. In 2017, the U.S. accounted for 45.73% market share, followed by Europe and Rest of the World with 19.6% and 16.01% market shares, respectively.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continue….
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