Curious about the future of the all-terrain vehicle market?
According to Globe News Wire:
“The “All-terrain Vehicle Market by Type & Application (Sport, Entertainment, Agriculture, Military & Defense), Drive (2WD, 4WD, AWD), Engine (&lessThan;400, 400-800, >800cc), Fuel (Gasoline, Electric), Wheel Number, Seating Capacity, and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
“The all-terrain vehicle market, by value, is projected to grow to USD 4.4 billion by 2025 from USD 3.9 billion in 2020, at a CAGR of 2.4% during the forecast period.
“The rising demand for ATVs in recreational activities, mainly worldwide championships, will boost the future growth of the all-terrain vehicle market.
“The COVID-19 pandemic has had a low impact on the North America and Asia Oceania all-terrain vehicle market. European countries and the RoW region were significantly impacted by COVID-19 and underwent lockdowns, therefore, powersports and recreational activities were stopped. Also, a majority of the ATV manufacturing companies in Europe reported steep decrease in revenues. However, with the resumption of a few power sports and entertainment activities in the coming months, the market is expected to grow in future.
“More than four wheels ATVs to be the fastest growing segment in All-terrain vehicle, by number of wheels
“More than four wheeled ATVs is projected to be the fastest growing market in the all-terrain vehicle market by 2025. OEMs are planning to be more customer-centric in terms of its manufacturing processes. The growing number of ATV buyers are looking for more than 4-wheel ATVs, especially in military and agricultural applications. Thus, OEMs, component manufacturers, and material providers are jointly working to develop more than 4 wheeled ATVs with better design, performance, and efficiency. Hence, more than four wheeled ATVs is projected to be the fastest growing all-terrain vehicle market.
Utility ATV is the largest segment in All-terrain vehicle market, by type
“Utility ATVs are estimated to hold the largest share of the all-terrain vehicle market, by type. Utility ATVs are multipurpose and can be used in different applications such as military, agriculture, construction, forestry, etc. Thus, these vehicles offer lucrative opportunities for all-terrain vehicle manufacturers. In addition, the increasing demand for ATVs in agriculture and military & defense applications in Asia Pacific and North America would further drive the utility all-terrain vehicle market.
North America is estimated to be the largest market for all-terrain vehicles
“The North American all-terrain vehicle industry is one of the most advanced industries in the world. Market growth in the North American region is driven by the dominating ATV market in the US and Canada. In recent years, the region has seen the highest ATV manufacturing growth. The US and Canada together accounted for around 96.2% of the total all-terrain vehicle production in the region in 2019. The Canadian all-terrain vehicle industry is a major contributor to the country’s economy and provides employment for over half a million people. The country has signed a free trade agreement with its neighbors to strengthen the automotive industry. Technological developments in the US have also impacted the Canadian market and boosted the demand for all-terrain vehicles in the country. Polaris Industries (US), Textron (US), and BRP (Canada) are the leading ATV players in the region. According to analysis, the US will continue to drive the growth of the all-terrain vehicle market. This trend of the all-terrain vehicle market in North America is expected to remain the same in the near future.”
ATV & Side By Side Market 2020 – Polaris, Arctic Cat, Honda, Kubota, Brp, Cfmoto, John Deere, Yamaha Motor, Hsun Motor, Kawasaki, Suzuki, Kymco, Linhai Group
The research report of Global ATV & Side by Side Market offers broad analysis about the industry on the basis of different key segments. The research report on Global ATV & Side by Side Market helps clients to understand the structure of market by identifying its various segments such as product type, end user, competitive landscape and key regions. Thus the study report offers the comprehensive analysis of market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the players. Along with that, report explains the major challenges and risk to face in the forecast period. In addition, report focuses on the competitive landscape and sales analysis of different vendors participating in the Global ATV & Side by Side Market.
This study covers following key players:
- Arctic Cat
- John Deere
- Yamaha Motor
- HSUN Motor
- Linhai Group
Thus the Global ATV & Side by Side research report provides thorough display marketing by including market overview, characteristics, and competition landscape and industry chain. Reports provides the description about the profile of the top manufacturers of the Global ATV & Side by Side Market. Moreover, research report presents a comprehensive analysis about the opportunities, new products, and technological innovations in the market for the players. Additionally, research report on Global ATV & Side by Side Market provides an in depth analysis about market status, market size, revenue share, industry development trends, products advantages and disadvantages of the enterprise, enterprise competition pattern, industrial policy and regional industrial layout characteristics. Study report offers the comprehensive analysis of market size across the globe as regional and country level market size analysis, estimation of market growth during the forecast period. Geographical regional analysis is another largely important part of the analysis study and research of the Global ATV & Side by Side Market. Furthermore, report on Global ATV & Side by Side Market offers an in depth analysis about the market size on the basis of regional and country level analysis worldwide. Further, report helps users to analyse trends in each sub segments of the Global ATV & Side by Side Market.
Market segment by Type, the product can be split into:
- Side by Side
Market segment by Application, split into:
Market segment by Regions:
- South East Asia
Moreover, research report helps the users to take the industry in long term with the help of these key segments. The Global ATV & Side by Side Market report covers recent developments, strategic market growth analysis, area marketplace expanding, product launches, technological innovations and many more. For that report presents strategic analysis and ideas for new entrants using historic data study. Research report also offers an in depth analysis about the Agreements, collaboration and partnership among different vendors across the globe. Therefore, report is beneficial for all kind of clients.
The content of the study subjects, includes a total of 10 chapters:
- About the ATV & Side by Side Industry
- World Market Competition Landscape (Revenue, sales & growth rate, major players revenue by regions, market by application and types)
- World Market share (Production and revenue market share by players, regions)
- Supply Chain Analysis (Material, material prices, manufacturing equipments, production process, cost structure and end users analysis )
- Company Profiles (Company details with production information, revenue etc)
- Globalisation & Trade (Business locations, supply channels, marketing strategy etc)
- Distributors and Customers (Major Distributors & Customers, and their contact information by Regions)
- Import, Export, Consumption and Consumption Value by Major Countries
- Market Forecast through 2025 (Demand, Price, Revenue Analysis over coming years)
- Key success factors and Market Overview
As per a research report by Global Market Insights, Inc., global power sports market is estimated to surpass $50 billion by 2026.
Rising adoption of off-road recreational activities to foster global power sports market outlook between 2020-2026.With construction of new off-road recreational centers and maintenance and development of existing sites, the global power sports market is projected to witness a lucrative rate of growth over the forthcoming time period. Governments across the world are actively involved in the assigning of new off-road trails along with upgrading the existing ones, thereby supporting the industrial growth.
Citing an instance, the Ministry of Culture, Sport, and Parks of Canada, back in 2016, launched ATV and snowmobile trails in the Moose Mountain Provincial Park. The Saskatchewan government and the National Trains Coalition invested around $250,000 for this project, thus playing an integral role in attracting off-roading fans for sports and recreational activities in the region.
Additionally, industry players are also constantly investing in Research and Development activities in order to distinguish their product portfolio to drive sales.
Furthermore, advancements in technology including independent suspension, EFI, turbochargers, four-wheel drive systems and CDI are focusing on improving the off-road driving experience and cutting driver fatigue, thereby stimulating the product demand.
With respect to vehicle, the continuing mobility trends as well as developments in the automotive industry, like machine learning, vehicle sharing, electrification, and self-driving features, are also changing the power sports industry product portfolio drastically.
Technologies such as autonomous driving and driver-assistance, are projected to support the transformation of traditional power sports products over the projected time period.
Furthermore, the introduction of machine learning and electric cars is further impelling manufacturers of power sports vehicles to innovate their offerings by incorporating eco-friendly and electric features.
On the geographical front, APAC power sports market is anticipated to record high demand for ATVs, motorcycles and side by side vehicles owing to the expansion of subsidies of manufacturer as well as growing consumer awareness. The regional growth is ascribed to low prices of product due to low manufacturing costs and available low tax options.
In addition, regional governments are executing various policies and projects for the development of recreational and off-road infrastructure, thereby supporting the power sports market growth.
All in all, the above-mentioned factors are likely to offer a diverse range of growth opportunities for global power sports market players. The competitive landscape of global power sports market includes companies like Deere & Company, Kubota Corporation, Honda Motor Co., Ltd., Kawasaki Motors Corporation, Suzuki Motor Corporation, Arctic Cat Inc, BRP Inc., Yamaha Motor Co., Ltd., KYMCO and Polaris Industries Inc., among others.
ATV & Side by Side Market Technological Breakthroughs by 2026: Polaris, Arctic Cat, Kawasaki, Honda, Kubota, BRP
The Global ATV & Side by Side Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
By Top Market Players: Polaris, Arctic Cat, Kawasaki, Honda, Kubota, BRP, CFMOTO, John Deere, Yamaha Motor, HSUN Motor, Suzuki, KYMCO, Linhai Group
The report begins with a brief introduction and market overview, in which the ATV & Side by Side industry is first defined before estimating its market scope and size. Next, the report elaborates on the market scope and market size estimation. This is followed by an overview of the market segmentations such as type, application, and region. The drivers, limitations, and opportunities are listed for the ATV & Side by Side industry, followed by industry news and policies.
The report includes an analysis of the growth rate of every segment with the help of charts and tables. In addition, the market across various regions is analyzed in the report, including North America, Europe, Asia-Pacific, and LAMEA. The report manifests the growth trends and future opportunities in every region.
Global ATV & Side by Side market is presented to the readers as a holistic snapshot of the competitive landscape within the given forecast period. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of where areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
The Global ATV & Side by Side Market is gaining pace and businesses have started understanding the benefits of analytics in the present day highly dynamic business environment. The market has witnessed several important developments over the past few years, with mounting volumes of business data and the shift from traditional data analysis platforms to self-service business analytics being some of the most prominent ones.
By Type: ATV, Side by Side
By Application: Work, Entertainment
For the future period, sound forecasts on market value and volume are offered for each type and application. In the same period, the report also provides a detailed analysis of market value and consumption for each region. These insights are helpful in devising strategies for the future and take necessary steps. New project investment feasibility analysis and SWOT analysis are offered along with insights on industry barriers. Research findings and conclusions are mentioned at the end.
The automotive skid plate market size is poised to grow at a CAGR of about 15% during the period 2019-2023, according to the latest market research report by Technavio.
Off-road motorcycles are in demand due to several factors such as the increase in the number of off-road enthusiasts, growing awareness about recreational activities, and increasing disposable income. This has led prominent automakers to increase their product offerings in the off-road motorcycles segment. Therefore, the growing popularity of off-road motorcycles will drive the growth of the global automotive skid plate market, owing to standard fitment (or optional availability) of skid plates in such motorcycles.
As per Technavio, the growing availability of bumper skid plates as OEM fitment in compact SUV and crossovers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Automotive Skid Plate Market: Growing Availability of Bumper Skid Plates as OEM Fitment in Compact SUV and Crossovers
The demand for SUVs and crossovers has also been witnessing an upward trend over the last few years especially in the emerging markets of APAC. Within SUVs, the compact and small-size segment is dominating the sales. Looking at the market potential, automakers are differentiating their products by offering best-in segment features and functionalities. To enhance the overall appearance of vehicles, automakers are also offering various design elements to vehicle exteriors. For instance, Maruti Suzuki offers a faux silver side plate in its compact SUV, Vitara Brezza. The company also offers skid plate in its crossover, S-Cross. Other automakers that are offering SUV in this segment are also providing skid plates. Thus, the increasing use of skid plates in new SUV and crossover models is expected to drive the growth of the market during the forecast period.
“Other factors such as the increasing availability of skid plates at online marketplace will have a significant impact on the growth of the automotive skid plate market value during the forecast period,” says a senior analyst at Technavio.
Automotive Skid Plate Market: Segmentation Analysis
This market research report segments the automotive skid plate market by application (SUV, pickup truck, ATV, adventure motorcycle) and geographical regions (North America, APAC, Europe, South America, and MEA).
The North American region led the market in 2018, followed by APAC, Europe, South America, and MEA respectively. During the forecast period, the North American region is expected to continue dominating as well as register the highest incremental growth due to the high popularity of recreational vehicles in the region.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Major Manufacturing – Quality Parts
Written by John Arens – ATVIllustrated.com
A 125,000 square foot manufacturing plant gives one a lot of options, especially when that plant is stocked by the latest in efficient tools, and staffed by highly skilled technicians. Luckily for us, many of those skilled technicians and engineers at AXIOM SIDE x SIDE are also riding enthusiasts. And when they focus their considerable talent and capabilities on the sport they love, practically anything becomes possible.
A little west of Cincinnati, Ohio, AXIOM SIDE x SIDE is actually a division of Tri-State Fabricators, Inc., a company with more than 35 years of manufacturing experience. Like so many successful companies, humble beginnings taught the founders, Richard Vogt and his three sons Rick, Jeff and Chris, what it takes to successfully grow a business, and as they grew they poured everything they learned and earned back into making their operation even better. Today they are a manufacturing powerhouse, with an impressive list of capabilities and tools such as:
- Multiple lasers for cutting steel up to 1” think
- Multiple press brakes for bending and forming parts
- Punch presses for creating holes or other unique features
- A robotic welding cell and complete welding capability on aluminum, stainless, and other alloys
- CNC machining
- Various automated shears and saws
- Full powdercoat and wet paint lines
Clearly AXIOM has impressive manufacturing capabilities, but the best tools are nothing if quality control is ignored. One of the features that most impressed us about AXIOM is they have dedicated quality control staff that insure your parts are built to spec at every step of the way. Their quality control process begins when the raw material enters the back door and it never ends, even when the UPS guy leaves the box on your step. That means when you open the box and get ready to bolt on your new AXIOM part you won’t need to dig out your own cutting tools to make it fit. They’re even ISO 9001:2015 certified! THANK YOU AXIOM!
SIDE x SIDE LINEUP
Currently Axiom is making parts for Yamaha, Textron, Can-Am, Polaris and Kawasaki Side x Sides. As expected from a plant fully stocked with sheet metal working machines, their focus is on the parts that are cut, formed, welded, and powdercoated from sheet stock aluminum and steel. These include Roofs, Lower Doors, A-Arm likes to say, “HIGH QUALITY PARTS AND ACCESSORIES FOR YOUR SIDE BY SIDE”. We have to agree.
The Axiom parts we’ve seen are very well thought out, from the initial design, through fabrication, and right up to the packaging used to get it to your door. You can bet this is because a good part of the Axiom staff has been hitting the trails in southern Ohio, and all the way down to Hatfield-McCoy, and beyond on their own machines. They know what works and what doesn’t and they’ve got the tools to build very high quality parts that can perform for you also. And they do it all from Southern Ohio, which means quick shipping to practically anywhere. The next time you hit the trails in that area you just might meet a good part of the Axiom staff out playing on the trails too, all under the guise of “product testing”. Good work Axiom!
AXIOM SIDE X SIDE
1146 Ferris Road, Suite 700, Cincinnati OH 45102