Albany, NY -- (SBWIRE) -- 11/30/2016 -- ATV (also known as a quad, quad bike, three-wheeler, four-wheeler, or quadricycle) are off-highway recreational vehicles specifically designed for a wider variety of terrains such as a combination of land, water, snow, ice, marsh, swampland, and natural terrain. The off-road segment of recreational activities is one of the fastest growing markets compared with the conventional segments in the motorsports industry. The segment is still in its infant stage demonstrating incredible scope for growth in the off-road world with the rising trend for recreational activities such as sports and racing. Off-roading involves driving or riding a vehicle on unsurfaced terrains requiring vehicles that would accommodate off-road conditions.
The global all-terrain vehicles market to grow at a CAGR of 8.19% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global all-terrain vehicles market for 2016-2020. To calculate the market size, the report provides the performance and market dominance of each of the vendors in terms of experience, product portfolio, geographical presence, financial condition, and R&D.
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The market is divided into the following segments based on geography:
Technavio's report, Global All-Terrain Vehicles Market 2016-2020, 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.
- Bombardier Recreational Products
- Arctic Cat
- Yamaha Motor
- Honda Motor
Other prominent vendors
- Nebula Automotive
- Yamaha Motor
- Increasing demand for military and defense operations.
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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