Global All-terrain Vehicle Market Report 2025 size is projected to touch USD 4.8 billion by the end of the forecast year 2025, as per a new report published by Million Insights. It is estimated that the market would exhibit a CAGR of 3.1% from 2019 to 2025. The increasing number of off-road terrain, trails and development of parks for recreational purpose are attributing to the growth of the market. Further, government initiatives aimed at enhancing tourism by developing various adventurous terrains is predicted to bode well for the growth of the market.
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Market Synopsis of All-terrain Vehicle Market:
Increasing attraction towards off-road racing and advertisements are positively affecting the market growth. For example, in January 2019, the Desert Series Pro ATV organized a championship and it attracted ATV enthusiasts and off-road vehicles. Additionally, increasing financial support for such events is spurring their growth.
Increasing purchasing power in emerging countries such as India and China has resulted in a rise in the use of ATVs for various applications including recreational and agriculture. For example, per capita income in India was upped by 8% in 2017 as compared to last year while China witnessed a growth of 9% in per capita income in the same year. Increasing purchasing power has also resulted in a rise in tourism sectors. The global World Travel and Tourism Council (WTTC) reported that the growth of the travel & tourism industry was 3.9% in 2018. Increasing tourism industry is also driving the growth of recreational activities, thereby proliferating the all-terrain vehicle(ATV) market growth.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-all-terrain-vehicle-atv-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 All-terrain Vehicle: Market Variables, Trends & Scope
Chapter 4 All-terrain Vehicle: Product Estimates & Trend Analysis
Chapter 5 All-terrain Vehicle: Application Estimates & Trend Analysis
Chapter 6 All-terrain Vehicle: End-use Estimates & Trend Analysis
Chapter 7 All-terrain Vehicle: Industrial End-use Estimates & Trend Analysis
Chapter 8 All-terrain Vehicle: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 All-terrain Vehicle: Manufacturers Company Profiles
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