Europe & CIS All Terrain Vehicle Market to Surpass $ 2 Billion by 2023: TechSci Research

Technological developments and increasing recreational off-roading activities to fuel Europe & CIS all terrain vehicle market through 2023

According to TechSci Research report, “Europe & CIS All Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023”, all terrain vehicle market in Europe & CIS is projected to reach $ 2.14 billion by 2023. Increasing application of ATVs in sports, agriculture, etc., in addition to technological developments in all terrain vehicles and growing tourism industry in the region are among the key factors expected to boost demand for all terrain vehicles in the coming years. Moreover, growing use of all terrain vehicles for defense purposes and recreational off-roading activities such as hunting, leisure trips and trekking are likely to aid the market in the coming years. 

Browse 52 market data Figures and Tables spread through 75 Pages and an in-depth TOC on "Europe & CIS All Terrain Vehicle Market"

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“Over the last few years, usage of ATVs across the defense, agriculture, forestry and entertainment sectors has grown at a healthy pace across the region, on the back of growing per capita income, availability of a wide range of products and commercialization of ATVs. Moreover, increasing number of Chinese all terrain vehicle manufacturers are giving intense price competition to flagship players. All these developments are expected to have a positive impact on the all terrain vehicle market in Europe & CIS region over the course of next five years,”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

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