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The global all-terrain vehicle (ATV) market is all set to gain significant impetus and account for a sizeable valuation through 2030, owing to the flourishing outlook of the travel and tourism industry.
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All-Terrain Vehicle (ATV) Market Size, Major Strategies, Key Companies, Revenue Share Analysis Till 2030 The global all-terrain vehicle (ATV) market is all set to gain significant impetus and account for a sizeable valuation through 2030, owing to the flourishing outlook of the travel and tourism industry. According to the recent estimations by United Nations World Tourism Organization, the tourism sector recorded a growth of about 4% in 2021 compared to 2021. On the other hand, regions such as Europe and the Americas witnessed a rise of 19% and 17%, respectively, in 2021 than 2020. These trends, coupled with the increasing inclination toward recreational activities driven by the increasing per capita incomes and surging expenditure on leisure sports, may streamline the ATV industry expansion in the foreseeable future. Get sample copy of this research report @ https://www.gminsights.com/request- sample/detail/765 In addition, the rollouts of several government initiatives creating awareness about sports and the increasing percentage of the youth participating in off-road and ATV events and tournaments may foster product adoption over the analysis timeframe. In terms of products, the adult ATV segment is projected to account for noticeable valuation through 2030 due to the consistent improvement in vehicle technology driven by emerging investments and efforts by leading automotive manufacturers. The availability of advanced products with improved functionalities at preferred price points may boost the demand for adult ATVs in the forthcoming years. In addition, robust economic growth and increasing family incomes may foster product adoption, thus strengthening the ATV industry outlook. Based on displacement, ATVs with above 800cc displacement engines may gain significant traction over the analysis period due to their exceptional power and torque capabilities. The increasing popularity of these vehicles among sports enthusiasts riding across extreme terrains may bolster product demand owing to their capability to shift gears at high speeds. Besides, the rising R&D investments toward developing products with added functionalities at affordable prices may bring about lucrative gains to the all- terrain vehicle market. With respect to applications, ATVs may find major applications across the military sector. The segment is anticipated to grow at about 3% CAGR and record an appreciable valuation through 2030. The ruggedness and ability of all-terrain vehicles to run through tough terrains and their flexibility to adjust between 2 to 4 seats make them ideal for defense and military applications. The rapid growth in military expenditure and defense budget allocations to employ advanced and extra mobility to get to the combat zone or to perform reconnaissance patrols may increase product sales in the years to come. © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com
Regionally, the Europe all-terrain vehicle (ATV) market held almost 22% of the market share in 2021 and is likely to emerge as a major regional shareholder through the projection period. The industry expansion is backed by increasing product demand across the military and defense sector and a rapid upsurge in off-roading and recreational sports activities. The optimistic outlook of the economic landscape and significant growth in disposable personal incomes may fuel the regional growth trends. In addition, the ongoing development of defense-oriented vehicles with improved mobility and payload carrying capacity for strategic combat missions is expected to push the industry revenue through 2030. Request for customization @ https://www.gminsights.com/roc/765 Table of Contents (ToC) of the report: Chapter 1 Methodology and Scope 1.1 Scope & definitions 1.2 Methodology and Forecast 1.3 Region wise impact analysis of COVID-19 1.3.1 North America 1.3.2 Europe 1.3.3 Asia Pacific 1.3.4 Latin America 1.3.5 MEA 1.4 Data Sources 1.4.1 Secondary 1.4.2 Primary 1.5 Industry glossary Chapter 2 Executive Summary 2.1 ATV industry 360° synopsis, 2018 – 2030 2.1.1 Business trends 2.1.1.1 Total Addressable Market (TAM), 2022-2030 © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com
2.1.2 Product trends 2.1.3 Displacement trends 2.1.4 Application trends 2.1.5 Regional trends Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/all-terrain-vehicle-atv-market About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email:sales@gminsights.com © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com
