An all-terrain vehicle ATV , also known as a quad, quad bike, three-wheeler, four-wheeler or quadricycle as defined by the American National Standards Institute ANSI is a vehicle that travels on low-pressure tires, with a seat that is straddled by the operator, along with handlebars for steering control. As the name implies, it is designed to handle a wider variety of terrain than most other vehicles.
For industry structure analysis, the ATV & Side by Side industry is concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 75.90 % of the revenue market. Regionally, North America is the biggest sales value area in 2017, also the leader in the whole ATV & Side by Side industry.
North America occupied 73.33% of the sales market in 2017. It is followed by Europe, which accounted for around 17.40% of the global sales market. Other regions have a smaller amount of sales. Geographically, United States was the largest consumption country in the world.
The worldwide market for ATV & Side by Side is expected to grow at a CAGR of roughly 2.7% over the next five years, will reach 10900 million US$ in 2024, from 9560 million US$ in 2019, according to a new Planet Market Reports study.
This report focuses on the ATV & Side by Side in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
There are 15 Chapters to deeply display the global ATV & Side by Side market.