Europe and CIS All Terrain Vehicle Market to Surpass $ 2 Billion by 2023
Technological developments
and increasing recreational off-roading activities to fuel Europe & CIS all
terrain vehicle market through 2023
According to TechSci Research report, “Europe & CIS All Terrain Vehicle Market By Product Type, By Application Type, By
Country, Competition Forecast & Opportunities, 2013 – 2023”, all
terrain vehicle market in Europe & CIS is projected to reach $ 2.14 billion
by 2023. Increasing application of ATVs in sports, agriculture,
etc., in addition to technological developments in all terrain vehicles and growing tourism industry in the region
are among the key factors expected to boost demand for all terrain vehicles in
the coming years. Moreover, growing use of all terrain vehicles for defense
purposes and recreational off-roading activities such as hunting, leisure trips
and trekking are likely to aid the market in the coming years.
Browse 52 market data Figures and Tables spread through 75
Pages and an in-depth TOC on "Europe & CIS All Terrain Vehicle
Market"
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Widespread use of utility ATVs owing to their several
advantages such as load carrying capacity, easy maintenance and economic
pricing when compared with sports ATVs is expected to enable the segment to
account for the largest share in the region’s all terrain vehicle market during
forecast period. Additionally, these ATVs are capable of running on rough and
rigged terrain, which results in huge demand, and thus ATV manufacturers are anticipated
to focus on this segment by offering a wide range of ATVs with advanced
features in the coming years. Italy is the largest market for all terrain
vehicles in the region and huge sales of all terrain vehicles in the country are
backed by growing tourism industry and increasing demand from the young
population.
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“Over the last few years, usage of ATVs across
the defense, agriculture, forestry and entertainment sectors has grown at a healthy
pace across the region, on the back of growing per capita income, availability
of a wide range of products and commercialization of ATVs. Moreover, increasing
number of Chinese all terrain vehicle manufacturers are giving intense price
competition to flagship players. All these developments are expected to have a
positive impact on the all terrain vehicle market in Europe & CIS region
over the course of next five years,”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based Global management consulting firm.
“Europe & CIS All
Terrain Vehicle Market By Product Type, By Application Type, By Country,
Competition Forecast & Opportunities, 2013 – 2023” has analyzed the potential of Europe & CIS all
terrain vehicle market, and provides information and statistics on market
structure and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. The report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the Europe & CIS all
terrain vehicle market.
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