LONDON--(BUSINESS WIRE)--Sep 13, 2018--According to the latest market research report released by Technavio, the global ATV market is expected to accelerate at a CAGR of nearly 3% during the forecast period. The lower maintenance cost of e-ATVs is one of the key factors triggering the growth of the market.

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According to the latest market research report released by Technavio, the global ATV market is expected to accelerate at a CAGR of nearly 3% until 2021. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global ATV market into the following applications:

Utility ATVs Sports ATVs

In 2016, the utility ATVs segment accounted for nearly 57% of the global market and is projected to decrease by 2021.

Global ATV market: Top emerging trend

Environment-friendly e-ATVs is an emerging trend in the ATV space. Countries around the world are coming up with stringent emission norms to curb the levels of GHG emissions from vehicles, thereby controlling environmental pollution and global warming. The development and adoption of electric vehicles are the major solutions to reduce GHG levels in the atmosphere to an acceptable level. Such movement toward EVs, have pushed the ATV manufacturers to come up with e-ATVs as an alternative to the environmental issues. These ATVs use electric powertrain, which helps to reduce environmental pollution and excessive vehicle noise. ATV manufacturers are also coming up with hybrid ATVs, which can run on combined electric power and engine.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global ATV Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (utility ATVs and sports ATVs)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (BRP, Honda Motors, Polaris Industries, and Yamaha Motor)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180913006071/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE RECREATIONAL VEHICLES GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/13/2018 05:05 PM/DISC: 09/13/2018 05:05 PM

http://www.businesswire.com/news/home/20180913006071/en