Australia All Terrain Vehicle
market was valued USD163 million in 2019, and is expected to grow a CAGR of
more than 5% by 2026, on account of growing usage of ATVs in entertainment,
agriculture and sports activities. Increasing prevalence of off-road
recreational activities backed by growing disposable income and surging per
capita spending of individual is driving the growth of the market. All Terrain Vehicles
have large tires with deep suspension and can be driven on off-road or rugged
conditions. Technological advancements with enhanced fuel efficiency and
upgraded performance are expected to aid the ATV market in the coming years.
Australia All Terrain Vehicle market
can be segmented based on product type, engine displacement, application and
regional analysis. On the product type, the market can be segmented into utility
ATV, sports ATV and youth ATV. Utility ATV segment dominated the market, and
the product segment is likely grow at an impressive rate in the forthcoming
years as well due to high load carrying capacity, easy maintenance and
versatility in usage. All Terrain Vehicles find application in entertainment,
sports and agriculture, among others. Agriculture segment dominated the market
in 2020 and is anticipated to continue its leading share in the coming years as
ATVs are being increasingly preferred by Australian farmers as they combine the
advantages of trucks and tractors.
The major players operating in the
All Terrain Vehicle market of Australia include Polaris Sales Australia Pty Ltd,
Honda Australia, Yamaha Motor Australia, Brp Australia Pty Ltd, Suzuki
Australia Pty Limited, E-Ton Australia, Kawasaki Motors Pty. Ltd., etc. Major
companies are developing advanced technologies and launching new products in
order to stay competitive in the market. Other competitive strategies include
mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
Study:
- To analyze and forecast the market size of Australia
All Terrain Vehicle market.
- To classify and forecast Australia All Terrain
Vehicle market based on product type, engine displacement,
application and regional distribution.
- To identify drivers and challenges for Australia
All Terrain Vehicle market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Australia
All Terrain Vehicle market.
- To conduct the pricing analysis for Australia All
Terrain Vehicle market.
- To identify and analyze the profile of leading
players operating in the Australia All Terrain Vehicle market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service offerings, distribution channels and presence of all
major service providers across the globe.
TechSci Research calculated the market size of Australia All Terrain Vehicle Market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
·
All terrain vehicle manufacturers, suppliers,
distributors and other stakeholders
·
Trade associations, organizations, forums and
alliances related to All Terrain Vehicle
·
Government bodies such as regulating authorities
and policy makers
·
Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Australia All Terrain
Vehicle market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, by Product Type:
- Utility ATV
- Sports ATV
- Youth ATV
- Market, by Engine Displacement:
- Market, by Application:
- Entertainment
- Sports
- Agriculture
- Others
- Market, by Region:
- New
South Wales
- Northern
Territory
- Queensland
- South
Australia
- Tasmania
- Victoria
- Western
Australia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Australia All Terrain Vehicle market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according the company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]