According to a new market report published by Lucintel, the future of the global all-terrain vehicle market looks promising with opportunities in the sports and utility ATV market segment. The global all-terrain vehicle market is expected to reach an estimated $3.3 billion by 2022 and it is forecast to grow at a CAGR of 2.5% from 2017 to 2022. The major drivers of growth for this market are increasing disposable income, rising recreational and off-roading activities, and growth in the emerging markets, particularly China, India.

In this market, sports ATV, utility ATV, and other ATV are some of the major segments by product type. On the basis of its comprehensive research, Lucintel forecasts that the utility ATV segments will show above average growth during the forecast period of 2017 to 2022 due to increasing use of utility all-terrain vehicles in farming and agriculture applications.

Within the global all-terrain vehicle industry, the utility ATV segment is expected to remain the largest market. Versatility and multifunctioning features are expected to drive all-terrain vehicle sales, which would spur growth for this segment over the forecast period.

North America is expected to remain the largest market due to increasing disposable income and increasing recreational and sports activities in this region.

APAC and Europe are expected to witness significant growth over the forecast period because of improving economy, presence of varied terrain with many rivers, lakes and waterways. The emerging markets of China and India are likely to spur growth in the APAC region....
http://www.lucintel.com/all-terrain-vehicle-market-2016.aspx