Global ATV steering system market to grow at a CAGR of 11.02% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is design language of ATVs mimicking mainstream vehicles. The 2016 Can-Am Spyder has a triple cylinder engine and a six-speed semi-automatic transmission, which is similar to mainstream vehicles. Its engine produces more power than the previous model. Its transmission has been upgraded to a six-speed semi-automatic setup. This indicates that manufacturers are focusing on making ATVs that mimic mainstream vehicles.
According to the report, one driver in the market is increasing number of ATV motorsport events and viewers. There are several enthusiasts of ATVs. Hence, investors from various sectors of the automotive industry are attracted toward the domain. ATVs are used in off-road terrains in motorsport. The number of off-road motorsport events has grown due to the increase in the number of viewers. It has also been observed that viewers watching ATV motorsports are unlikely to switch channels between races. The high speed of turns and unsafe conditions of off-road events have increased the opportunities for research related to ATVs.
Further, the report states that one challenge in the market is high cost and extreme design of ATV steering systems cause fluctuations in demand. The cost of ATVs that are offered by the major vendors starts from $6,500. Honda Motor, Suzuki Motor, Yamaha Motor, and Polaris Industries are the major vendors in the global ATV market. The steering systems used in ATVs are electrically assisted by a motor, which transfers the motion through an intelligent electric feed module according to the programming. OEMs use such systems to provide assisted steering control. ATVs that are equipped with PAS cost more when compared with ATVs that are equipped with mechanical systems. However, most OEMs have switched from mechanical steering to PAS for most of their models.
- Polaris Industries
Other Prominent Vendors
- Allied Motion Technologies
- PD International
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Segmentation by Fitment Channel
Part 07: Segmentation by Geography
Part 08: Key Leading Countries
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/t7djrl/global_atv?w=4