Lewes, DE -- (SBWIRE) -- 12/14/2017 -- Report forecast the global ATV market to grow at a CAGR of 2.88% during the period 2017-2021.

All-terrain vehicle (ATV), also known as quad bike or quadricycle, is a vehicle that is designed to travel through a variety of terrains. It has four wheels with low pressure tires; it is steered using handlebars. Depending on vehicle size, ATVs are (usually) equipped with up to 2 seats, which are generally made of plastic. The global ATV market is growing due to increased adoption in applications such as defense; agriculture; off-road transport in mountainous, snowy, forested, or desert regions; and recreational or sporting activities.

The report covers the present scenario and the growth prospects of the global ATV market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in the market is lower maintenance cost of e-ATVs. Electric ATVs (e-ATVs) have an electric powertrain that lowers environmental pollution and excessive vehicle sound. Since the electric powertrain already contains battery, controller, and motor/generator device to power the wheels, it eliminates the need for gas powered engine and other mechanical components. Lesser the number of mechanical components, lower the maintenance cost. In addition, the cost of electrically charging vehicles is less than the conventional fuel cost. Therefore, with the use of e-ATVs, the total maintenance cost of ATVs reduces significantly. This will push more customers to adopt these vehicles.

Further, the report states that one challenge in the market is range concerns of e-ATVs. Globally, almost all major automotive market countries are enforcing stringent vehicle emission and consumption norms, driving the electric vehicle market growth during the forecast period. To bring down the noise and emission pollutions, ATV manufacturers have come up with e-ATVs. However, owing to their small battery, the range that the vehicle can cover on a full charge reduces. High torque and power requirements quicken the discharging rate of the battery in e-ATVs, which further affects the vehicle range.

Global ATV Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global ATV market: BRP, Honda Motors, Polaris Industries, and Yamaha Motor.

Other Prominent Vendors in the market are: Arctic Cat and Suzuki Motor.

Market driver
- Lower maintenance cost of e-ATVs
- For a full, detailed list, view our report

Market challenge
- Range concerns of e-ATVs
- For a full, detailed list, view our report

Market trend
- Increasing ATV experience zones
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 60 pages "Global ATV Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation, Geographical segmentation, Key leading countries, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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