All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Growing Demand for Sports, Adventure Activities, Defense, Agriculture, and Mining Sectors Drive The Growth Of The Market

New York City, 18 January 2019: The Report "All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market [By Type (All-Terrain Vehicle {Sport All-Terrain Vehicle, Sport Utility All-Terrain Vehicle, Utility All-Terrain Vehicle, Other All-Terrain Vehicle}, Utility Vehicle {Sports Utility Vehicle, Load Carrier Utility Vehicle, Multipurpose Utility Vehicle, Other Utility Vehicle}); By Application (Sports, Mining, Entertainment, Agriculture, Defense, Others); By Region]: Market size & Forecast, 2018 – 2026" The global ATV and UTV market generated $9.2 billion in 2017 and is anticipated to grow at a CAGR of 8.3% during the forecast period according to a new study report.

All-terrain vehicles (ATV) are small, open, and single-seated motor vehicles with three or four tires. It has the ability to operate on a wide variety of terrains such as forests, mountains, snow, and other rough terrains. These vehicles have deep-threaded tires that enable the vehicles to be driven on rocky, muddy, and root cover terrains. Utility task vehicles are IC engines or electric motors powered vehicles driven through steering, and used in applications such as farming, mining, and rescue.

Browse Research Report On All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Analysis:https://www.polarismarketresearch.com/industry-analysis/all-terrain-vehicle-atv-and-utility-task-vehicle-utv-market   

 

The demand for ATV and UTV has increased over the years owing to increasing tourism activities. The increasing trend of sports activities and adventure sports has increased the demand for these vehicles. The growing consumer disposable income and improving living standards also fuel the market growth. Other factors supporting the market growth include technological advancements, increasing applications in defense and agriculture sectors, and supportive government initiatives.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global ATV and UTV Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to increasing applications in agriculture, defense, and mining applications. The high disposable incomes, and government initiatives to promote sport activities have resulted in market growth in the region.

Competitive Landscape and Key Vendors

The global ATV and UTV market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Access Press Release of Research Report By Polaris Market Research:
https://www.polarismarketresearch.com/press-releases/global-all-terrain-vehicle-atv-and-utility-task-vehicle-utv-market 

The leading companies profiled in the report include Yamaha Motors, Honda Motors Co Ltd, Deere & Company, Polaris Industries, Kubota Corporation, Caterpillar Inc., Kawasaki Heavy Industries Motorcycle & Engine Company, Bobcat Company, Hisun Motors, and Bombardier Recreational Products.

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. 

For more information: https://www.polarismarketresearch.com/