ATV's Market to Surpass $9 Billion by 2023, Says TechSci Research

 

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Increasing recreational off-roading activities, growing commercialization of ATVs and rising demand for high displacement engine ATVs to drive the global all terrain vehicle market through 2023

According to TechSci Research report, "Global All Terrain Vehicle Market By Product Type, By Engine Displacement, By Application Type, By Region, Competition Forecast & Opportunities, 2013 - 2023", the global all terrain vehicle market is projected to reach $ 9.3 billion by 2023. Growth in the market can be attributed to increasing trend towards off-roading activities and rising per capita income across the globe. Technological advancements, growing popularity of ATVs among youth, surging number of all terrain vehicle sports tournaments, and increasing use of ATVs in defense sector are also expected to boost the sales of all terrain vehicles in the global market during forecast period.

Browse 182 market data Figures and Tables spread through 255 Pages and an in-depth TOC on
"Global All Terrain Vehicle Market"
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In terms of product type, utility all terrain vehicle accounted for the largest share in the global all terrain vehicle market in 2017, backed by their high load carrying capacity, easy maintenance and economical pricing as compared to sports ATVs. Over the coming years, major global all terrain vehicle manufacturers are anticipated to come up with a wide range of advanced and specifically designed all terrain vehicles to meet varying customer requirements. North America dominates the global all terrain vehicle market, owing to increasing number of ATV sports and racing tournaments, and growing off-roading activities in the region.

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"Growing use of ATVs in several applications such as sports, entertainment and agriculture, increasing number of international brands, and reduction in component manufacturing cost is expected to boost the sales of ATVs in the global market over the coming years. Moreover, increasing focus of manufacturers to develop eco-friendly and advanced ATVs is expected to act as a catalyst for the industry growth.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Global All Terrain Vehicle Market By Product Type, By Engine Displacement, By Application Type, By Region, Competition Forecast & Opportunities, 2013 - 2023" has evaluated the future growth potential of all terrain vehicles market, globally, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.

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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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All-Terrain Vehicle (ATV) Market

 

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