Australia All Terrain Vehicle Market to Surpass $ 200 Million by 2024
Increasing recreational
off-roading activities, growing commercialization of ATVs and rising demand for
high displacement engine to drive Australia ATV market through 2024
According
to TechSci Research report, “Australia All Terrain Vehicle Market By Product Type, By
Engine Displacement, By Application, By Region, By Company, Competition,
Forecast & Opportunities, 2024”, Australia
All Terrain Vehicle market is projected to reach $ 209 million by 2024 on
account of growing popularity of off-roading activities. Increasing application
of ATVs in various industries such as agriculture, sports, entertainment and other
applications coupled with rising disposable income, consistently improving performance
and technical enhancements in latest ATV’s are positively influencing the
market. Moreover, expected launch of several new models is anticipated to fuel Australia
all-terrain vehicle market during the forecast period.
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Terrain Vehicle Market"
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Australia
All Terrain Vehicle market can be segmented based on product type, engine
displacement, application and region. On the basis of product type, the market
can be segmented into utility ATV, sports ATV and youth ATV. Utility ATV
segment dominated the market and the trend is likely to continue during
forecast period as well backed by their versatile usage, high load carrying
capacity, easy maintenance and economical pricing as compared to sports and youth
ATVs. On the basis of application, the market can be segmented into entertainment,
sports, agriculture and others. Agriculture segment leads the market and is
poised to grow at an impressive rate during forecast period as well owing to
the increasing applications of ATVs in various agricultural and allied
activities.
Polaris Sales Australia Pty Ltd, Honda
Australia, Yamaha Motor Australia, BRP Australia Pty Ltd, Suzuki Australia Pty
Limited, Kawasaki Motors Pty. Ltd., among others are the leading players
operating in Australia ATV market. Companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share in the market.
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“Australia All Terrain
Vehicle market is anticipated to register growth on account of growing demand
for off-road sports, increasing disposable income and surging utilization of
ATVs for agricultural purposes. Moreover, increasing investments to improve the
performance of ATVs and enhance consumer experience are further positively
influencing the growth of the market.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Australia All Terrain Vehicle Market By Product
Type, By Engine Displacement, By Application, By Region, By Company,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Australia
ATV market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Australia ATV market.
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