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Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
All-terrain vehicles (ATVs) are vehicles that have four low-pressure tyres and handle bars. ATVs are well-known for their mobility and off-road skills, and they are used in military, surveying, forestry, agricultural, sports, and other industries. Factors such as the growing popularity of adventure sports and leisure activities, the use of ATVs and UTVs in military activities, and government regulations that allow ATVs and UTVs to be driven on public roads all contribute to the growth of the ATV and UTV industry. Furthermore, the development of safer ATVs and UTVs represents a significant potential growth opportunity for the global ATV and UTV industry. Key players operating in the global ATV and UTV market are BRP Inc, CFmoto, Deere Company, Hisun Motors Corporation, Honda Motor Company, Ltd., Kawasaki Heavy Industries Ltd, Kwang Yang Motor Co., Ltd., Kubota Corporation, Polaris Industries, Inc., Suzuki Motor Corporation, Textron Inc, and Yamaha Motor Co., Ltd.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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