Global All Terrain Vehicle (ATV) Market Size Analysis, 2018-2028
| REPORT ID: BKR606 | Domain: Automotive | Published Date: May 2018 |
The all-terrain vehicle market is evolving rapidly with advent of new vehicles across various application sectors ranging from sports utilities to demand for combat purpose in military services. Global All Vehicle Terrain Market revenue was valued at US$ 5.8 billion in 2016 and will register moderate CAGR of 3.5% between 2017 and 2027. Increase in demand for ATV will create 1.5x higher market opportunity for industry players. The saturated ATV market industry scenario has changed in last five years owing to technological disruption. Companies in order to enhance their sales revenue, are eyeing to capitalize the developing regions. However, the path to maintain steady growth in developed economies while expanding market footprint in developing regions depends largely on the strategic decisions taken by the company.
Exhibit 1:
ATV Market Drivers and Challenges
The ATV market size is driven by various factors including increased consumer spending. This is further supported by driving factors such as high R&D spending to offer customized products based on end-user needs. In the recent few years, ATV market demand has widely fluctuated owing to deepening economic crisis and changing disposable income. Moreover, geopolitical tensions and economic regulations has also led leading player to limit the market expansion between 2014 and 2016. Companies are thereby looking Far East to maximize their potential revenue. New product launch and mergers & acquisitions are key ATV market trends shaping the industry. These trends are expected to push market towards further consolidation and thereby will lower down the hyper competition. Recently, in 2015, Polaris acquired Hammerhead off-road vehicles business to strengthen its market presence. This is in series of acquisition in line with merger of Kolpin Outdoor that took place in 2014. Increasing pressure to deliver stable profit margins could further led to possible mergers and acquisitions during the forecast period.
ATV Market Size and Forecast: Regional Analysis
Globally, North America and Western Europe dominated the ATV market size in 2016. However, favorable macro and social factors is creating lucrative opportunity in Asia Pacific region. Europe ATV market share accounted for 45% of global value in 2016. While Western Europe will lose significant market share by 241 basis points, Eastern Europe is expected to gain 1% market share by 2027. Eastern Europe witnessed downward growth trend post 2014 – primarily due to economic sanction on Russia.
Asia Pacific is expected to be primarily driven by rising demand for ATV from military and entertainment sectors. Compared to developed regions where penetration rate of ATV is as high as 65%, Asia Pacific has penetration level below 35%. Industry players need to capitalize this large addressable market in order to overcome staggering growth. Rising disposable income, purchasing power parity and increase in defense spending is likely to proliferate the ATV demand in Asia Pacific. China and India will be key market for ATV market players. There has been likely shift in Asia Pacific market dynamics. China, which not only dominated Asia Pacific region in market size but also growth rate, – will lose its position to India in terms of growth rate. China ATV market size was 1.3X higher than India in 2016. China growth rate is expected to decline from 10.7% (2013-17) to 7.8% (2017-27), whereas India will witness steep incline from 6.4% o 9.6%. Various companies are taking interest in setting up their ATV manufacturing and marketing capabilities in India. Recently, in 2017, Scorpion decided to venture into India ATV market scenario. The vehicles will be manufactured by IronScorpion HMV – a joint venture between Preferred Chassis Fabrication Inc. and Sarbloh Motors. In 2015, Suzuki launched ATV for sport utility in India. Also, Polaris is about to extend and strengthen its marketing presence India. The company is expected to open three new distribution centers in addition to its 9 dealership.
ATV Market Size and Forecast: Competition Landscape
The global ATV market scenario is highly consolidated in nature with leading players accounting for over 85% of the total market. Some key ATV market players are Honda Motor Company, John Deere, Polaris Industries, Shuopu, Suzuki Corporation, CFmoto, Can-AM, HiSun Motors, Taiwan Golden Bee, Linhai, Yamaha Corporation, and KYMCO. The competition has heightened in last few years –as a result – the companies are emphasizing on product line expansion. For instance, Honda is expected to launch its much awaited side-by-side utility vehicle in 2017.In 2015, Arctic Cat introduced XR ATV that falls in higher cc category (>500cc). Polaris Defense announced to launch high performance MRZR turbo diesel for special operations. The vehicle has its market in U.S. and twenty allied countries. Apart from product level strategy, companies are building strategy on pricing level to sustain the competitive environment. In 2015, Suzuki launched affordable ATV in India with price starting nearly US$ 9 thousand. The move is to capture a greater chunk of mid-class population, -in turn generating high ROI on volume terms.
The companies need to be agile and adopt inorganic strategy to sustain and generate higher profit margins for longer terms.
All Terrain Vehicle Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global All Terrain Vehicle Market Value
- Overall Market Forecast
- All Terrain Vehicle Growth Outlook, By Segments
- All Terrain Vehicle Growth Scenario, by Region
- The All Terrain Vehicle Industry Ecosystem
- Parent Market Overview
- Industry Value Chain Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The All Terrain Vehicle Industry Dynamics (Growth Engine for All Terrain Vehicle Industry)
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Key Industry Developments
- The All Terrain Vehicle Market Pricing Analysis
- All Terrain Vehicle Tier Down Cost Analysis
- All Terrain Vehicle Pricing Forecast
- All Terrain Vehicle Pricing Analysis By Region
- All Terrain Vehicle Pricing Trends
- Global All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl All Terrain Vehicle Industry Predictive Analysis
- All Terrain Vehicle Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global All Terrain Vehicle Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global All Terrain Vehicle Market Size and Forecast, By Segments
- By End-use Application
- Entertainment
- Sports Utilities
- Military Sector (Army, Navy, Air Force)
- Forest Sector
- Others
- By Product Type
- Sport Utility
- Sports
- Turf
- Youth ATV
- Utility ATV
- Others
- By Engine Displacement
- Low
- Medium
- High
- By End-use Application
- North America All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- Market Share Analysis, (%)
- North America All Terrain Vehicle Market Size and Forecast, (2017-2027)
- North America All Terrain Vehicle Market Share (%)
- North America All Terrain Vehicle Industry Growth Forecast (%)
- S. All Terrain Vehicle Market Size and Forecast
- S. All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- S. All Terrain Vehicle Industry Share (%)
- S. All Terrain Vehicle Industry Growth Forecast (%)
- Canada All Terrain Vehicle Market Size and Forecast
- Canada All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Canada All Terrain Vehicle Industry Share (%)
- Canada All Terrain Vehicle Industry Growth Forecast (%)
- Latin America All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Market Share Analysis, (%)
- Latin America All Terrain Vehicle Market Size and Forecast, (2017-2027)
- Latin America All Terrain Vehicle Industry Share (%)
- Latin America All Terrain Vehicle Market Growth Forecast (%)
- Brazil All Terrain Vehicle Market Size and Forecast
- Brazil All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Brazil All Terrain Vehicle Industry Share (%)
- Brazil All Terrain Vehicle Industry Growth Forecast (%)
- Argentina All Terrain Vehicle Market Size and Forecast
- Argentina All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Argentina All Terrain Vehicle Industry Share (%)
- Argentina All Terrain Vehicle Industry Growth Forecast (%)
- Mexico All Terrain Vehicle Market Size and Forecast
- Mexico All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Mexico All Terrain Vehicle Industry Share (%)
- Mexico All Terrain Vehicle Industry Growth Forecast (%)
- Rest of Latin America (South America)
- RLA All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Rest of Latin America All Terrain Vehicle Industry Share (%)
- Rest of Latin America All Terrain Vehicle Industry Growth Forecast (%)
- Western Europe All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Market Share Analysis, (%)
- Western Europe All Terrain Vehicle Market Size and Forecast, (2017-2027)
- Western Europe All Terrain Vehicle Market Share (%)
- Western Europe All Terrain Vehicle Market Growth Forecast (%)
- Germany All Terrain Vehicle Market Size and Forecast
- Germany All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Germany All Terrain Vehicle Industry Share (%)
- Germany All Terrain Vehicle Industry Growth Forecast (%)
- UK All Terrain Vehicle Market Size and Forecast
- UK All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- UK All Terrain Vehicle Industry Share (%)
- UK All Terrain Vehicle Industry Growth Forecast (%)
- France All Terrain Vehicle Market Size and Forecast
- France All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- France All Terrain Vehicle Industry Share (%)
- France All Terrain Vehicle Industry Growth Forecast (%)
- Spain All Terrain Vehicle Market Size and Forecast
- Spain All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Spain All Terrain Vehicle Industry Share (%)
- Spain All Terrain Vehicle Industry Growth Forecast (%)
- Italy All Terrain Vehicle Market Size and Forecast
- Italy All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Italy All Terrain Vehicle Industry Share (%)
- Italy All Terrain Vehicle Industry Growth Forecast (%)
- NORDIC All Terrain Vehicle Market Size and Forecast
- NORDIC All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- NORDIC All Terrain Vehicle Industry Share (%)
- NORDIC All Terrain Vehicle Industry Growth Forecast (%)
- Switzerland All Terrain Vehicle Market Size and Forecast
- Switzerland All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Switzerland All Terrain Vehicle Industry Share (%)
- Switzerland All Terrain Vehicle Industry Growth Forecast (%)
- Rest of Western Europe All Terrain Vehicle Market Size and Forecast
- Rest of Western Europe All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Rest of Western Europe All Terrain Vehicle Industry Share (%)
- Rest of Western Europe All Terrain Vehicle Industry Growth Forecast (%)
- Central and Eastern Europe (CEE) All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Market Share Analysis, (%)
- CEE All Terrain Vehicle Market Size and Forecast, (2017-2027)
- CEE All Terrain Vehicle Market Share (%)
- CEE All Terrain Vehicle Market Growth Forecast (%)
- Russia All Terrain Vehicle Market Size and Forecast
- Russia All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Russia All Terrain Vehicle Market Industry (%)
- Russia All Terrain Vehicle Industry Growth Forecast (%)
- Poland All Terrain Vehicle Market Size and Forecast
- Poland All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Poland All Terrain Vehicle Industry Share (%)
- Poland All Terrain Vehicle Industry Growth Forecast (%)
- Ukraine All Terrain Vehicle Market Size and Forecast
- Ukraine All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Ukraine All Terrain Vehicle Industry Share (%)
- Ukraine All Terrain Vehicle Industry Growth Forecast (%)
- Rest of CEE All Terrain Vehicle Market Size and Forecast
- Rest of CEE All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Rest of CEE All Terrain Vehicle Industry Share (%)
- Rest of CEE All Terrain Vehicle Industry Growth Forecast (%)
- Asia Pacific All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Market Share Analysis, (%)
- Asia Pacific All Terrain Vehicle Market Size and Forecast, (2017-2027)
- Asia Pacific All Terrain Vehicle Market Share (%)
- Asia Pacific All Terrain Vehicle Market Growth Forecast (%)
- Japan All Terrain Vehicle Market Size and Forecast
- Japan All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Japan All Terrain Vehicle Industry Share (%)
- Japan All Terrain Vehicle Industry Growth Forecast (%)
- China All Terrain Vehicle Market Size and Forecast
- China All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- China All Terrain Vehicle Market Share (%)
- China All Terrain Vehicle Industry Growth Forecast (%)
- India All Terrain Vehicle Market Size and Forecast
- India All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- India All Terrain Vehicle Industry Share (%)
- India All Terrain Vehicle Industry Growth Forecast (%)
- South Korea All Terrain Vehicle Market Size and Forecast
- South Korea All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- South Korea All Terrain Vehicle Industry Share (%)
- South Korea All Terrain Vehicle Industry Growth Forecast (%)
- Australia All Terrain Vehicle Market Size and Forecast
- Australia All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Australia All Terrain Vehicle Industry Share (%)
- Australia All Terrain Vehicle Industry Growth Forecast (%)
- ASEAN All Terrain Vehicle Market Size and Forecast
- ASEAN All Terrain Vehicle Industry Analysis Size and Forecast, (2017-2027)
- ASEAN All Terrain Vehicle Industry Share (%)
- ASEAN All Terrain Vehicle Industry Growth Forecast (%)
- Rest of Asia Pacific All Terrain Vehicle Market Size and Forecast
- Rest of Asia Pacific All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Rest of Asia Pacific All Terrain Vehicle Industry Share (%)
- Rest of Asia Pacific All Terrain Vehicle Industry Growth Forecast (%)
- Middle East All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Market Share Analysis, (%)
- Middle East All Terrain Vehicle Market Size and Forecast, (2017-2027)
- Middle East All Terrain Vehicle Market Share (%)
- Middle East All Terrain Vehicle Market Growth Forecast (%)
- GCC All Terrain Vehicle Market Size and Forecast
- GCC All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- GCC All Terrain Vehicle Industry Share (%)
- GCC All Terrain Vehicle Industry Growth Forecast (%)
- Israel All Terrain Vehicle Market Size and Forecast
- Israel All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Israel All Terrain Vehicle Industry Share (%)
- Israel All Terrain Vehicle Industry Growth Forecast (%)
- Rest of Middle East All Terrain Vehicle Market Size and Forecast
- Rest of Middle East All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Rest of Middle East All Terrain Vehicle Industry Share (%)
- Rest of Middle East All Terrain Vehicle Industry Growth Forecast (%)
- Africa All Terrain Vehicle Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa All Terrain Vehicle Market Size and Forecast, (2017-2027)
- Africa All Terrain Vehicle Market Share (%)
- Africa All Terrain Vehicle Market Growth Forecast (%)
- South Africa All Terrain Vehicle Market Size and Forecast
- South Africa All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- South Africa All Terrain Vehicle Market Share (%)
- South Africa All Terrain Vehicle Industry Growth Forecast (%)
- Algeria All Terrain Vehicle Market Size and Forecast
- Algeria All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Algeria All Terrain Vehicle Market Share (%)
- Algeria All Terrain Vehicle Industry Growth Forecast (%)
- Nigeria All Terrain Vehicle Market Size and Forecast
- Nigeria All Terrain Vehicle Industry Analysis and Forecast, (2017-2027)
- Nigeria All Terrain Vehicle Market Share (%)
- Nigeria All Terrain Vehicle Industry Growth Forecast (%)
- All Terrain Vehicle Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- Honda Motor Company
- John Deere
- Polaris Industries
- Shuopu
- Suzuki Corporation
- CFmoto
- Can-AM
- HiSun Motors
- Taiwan Golden Bee
- Linhai
- Yamaha Corporation
- KYMCO
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed All-Terrain Vehicle (ATV) industry TOC and sample research pages, download sample.
What Will You Discover in the Report?
- An in-depth analysis of the All Terrain Vehicle market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the All Terrain Vehicle market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the All Terrain Vehicle market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the All-Terrain Vehicle (ATV) industry during the forecast period
- Who are the All Terrain Vehicle industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- All Terrain Vehicle Industry Suppliers
- All Terrain Vehicle Industry Manufacturers
- Consultants and Analysts
- Researchers
Analyst access with Bekryl Market Analysts
Purchasing of All Terrain Vehicle market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
ATV Market Report Structure
ATV Industry Dynamics
This section enables ATV industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to ATV market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current ATV industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- ATV Industry Trends
- ATV Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Pricing Analysis
- ATV Industry Experts Market Opinion
Industry Analysis, By ATV Segments
Industry stakeholders receive detailed analysis of the ATV industry trends. Anticipate key market trends across market segments with Bekryl Market Analysts analysis model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
Competition Landscape
Keep abreast of key strategies of industry leaders and regional ATV industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
ATV Market Analysis, By Region
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The ATV market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
North America ATV Market Size
- S. ATV Industry Analysis
- Canada ATV Industry Analysis
Latin America ATV Market Size
- Brazil ATV Industry Analysis
- Mexico ATV Industry Analysis
- Argentina ATV Industry Analysis
- Rest of Latin America ATV Industry Analysis
Western Europe ATV Market Size
- Germany ATV Market Size
- UK ATV Industry Analysis
- France ATV Industry Analysis
- Switzerland ATV Industry Analysis
- Spain ATV Industry Analysis
- Italy ATV Industry Analysis
- NORDIC ATV Industry Analysis
- Rest of Western Europe ATV Industry Analysis
Central and Eastern Europe ATV Industry Analysis
- Russia ATV Industry Analysis
- Poland ATV Industry Analysis
- Ukraine ATV Industry Analysis
- Rest of Eastern Europe ATV Industry Analysis
Asia Pacific ATV Market Size
- China ATV Industry Analysis
- India ATV Industry Analysis
- Japan ATV Industry Analysis
- Australia ATV Industry Analysis
- South Korea ATV Industry Analysis
- ASEAN ATV Industry Analysis
- Rest of Asia Pacific Acid Proof Industry Analysis
Middle East ATV Market Size
- GCC ATV Industry Analysis
- Israel ATV Industry Analysis
- Rest of Middle East ATV Industry Analysis
Africa ATV Industry Size
- South Africa ATV Industry Analysis
- Algeria ATV Industry Analysis
- Nigeria ATV Industry Analysis
- Rest of Africa ATV Industry Analysis
All Terrain Vehicle Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
All Terrain Vehicle Market Growth Forecasting Methodology
In order to prepare historical data and analyze All Terrain Vehicle market forecast, Bekryl prepare data pertaining to potential end user customers and total demand. Through this, we get to know actual demand for All Terrain Vehicle market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast All Terrain Vehicle industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic factors, automotive market spending ratio and models/product variation factors.
The forecast methodology requires extensive data analysis across countries. Among many factors, manufacturing and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product sales, spending ratio, and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes All Terrain Vehicle industry growth is nearly 3.5X to 5.5X higher than the relative GDP. However, this is only one such factor taken out of many factors. Over 15 factors have been analyzed and scaled over pointer 10 to decide its growth course.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Manufacturing Operations Vs ROI Efficiency
- Production-Deployment Coefficient
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
- Correlation with Parent Market
All Terrain Vehicle Market Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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