A s i a - Pa c i f i c A l l Te r ra i n Ve h i c l e M a r ke t By P ro d u c t Ty p e, By A p p l i c a t i o n Ty p e, By Co u n t r y, C o m p e t i t i o n Fo re c a s t & O p p o r t u n i t i e s , 2013 – 2023 Published: December 2018
Market Intelligence . Consulting
Ta b l e o f C o n t e n t s S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Analyst View
4.
Asia-Pacific All Terrain Vehicle Market Outlook 4.1.
Market Size & Forecast 4.1.1.
4.2.
By Value & Volume
Market Share & Forecast 4.2.1.
By Product Type (Utility ATV, Sports ATV & Youth ATV)
4.2.2.
By Application Type (Entertainment, Sports, Agriculture & Others)
4.2.3.
By Country
4.3.
Market Attractiveness Index (By Product Type)
4.4.
Market Attractiveness Index (By Application Type)
4.5.
Market Attractiveness Index (By Country)
4.6.
China All Terrain Vehicle Market Outlook 4.6.1.
Market Size & Forecast 4.6.1.1.
4.6.2.
4.6.3.
By Value & Volume
Market Share & Forecast 4.6.2.1.
By Product Type (Utility ATV, Sports ATV & Youth ATV)
4.6.2.2.
By Application Type (Entertainment, Sports, Agriculture & Others)
2
Market Attractiveness Index (By Product Type) Š TechSci Research
Ta b l e o f C o n t e n t s S. No.
Contents 4.7.
Australia All Terrain Vehicle Market Outlook 4.7.1.
Market Size & Forecast 4.7.1.1.
4.7.2.
4.7.3. 4.8.
Market Share & Forecast 4.7.2.1.
By Product Type (Utility ATV, Sports ATV & Youth ATV)
4.7.2.2.
By Application Type (Entertainment, Sports, Agriculture & Others)
Market Attractiveness Index (By Product Type)
Thailand All Terrain Vehicle Market Outlook 4.8.1.
Market Size & Forecast 4.8.1.1.
4.8.2.
4.8.3. 4.9.
By Value & Volume
By Value & Volume
Market Share & Forecast 4.8.2.1.
By Product Type (Utility ATV, Sports ATV & Youth ATV)
4.8.2.2.
By Application Type (Entertainment, Sports, Agriculture & Others)
Market Attractiveness Index (By Product Type)
Japan All Terrain Vehicle Market Outlook 4.9.1.
Market Size & Forecast 4.9.1.1.
4.9.2.
4.9.3.
By Value & Volume
Market Share & Forecast 4.9.2.1.
By Product Type (Utility ATV, Sports ATV & Youth ATV)
4.9.2.2.
By Application Type (Entertainment, Sports, Agriculture & Others)
Market Attractiveness Index (By Product Type)
3 Š TechSci Research
Ta b l e o f C o n t e n t s S. No.
Contents 4.7.
Vietnam All Terrain Vehicle Market Outlook
4.7.1.
Market Size & Forecast 4.7.1.1.
4.7.2.
4.7.3. 5.
By Value & Volume
Market Share & Forecast 4.7.2.1.
By Product Type (Utility ATV, Sports ATV & Youth ATV)
4.7.2.2.
By Application Type (Entertainment, Sports, Agriculture & Others)
Market Attractiveness Index (By Product Type)
Market Dynamics 5.1.
Drivers
5.2.
Challenges
6.
Market Trends & Developments
7.
Pricing and Price Point Analysis
8.
Competitive Landscape
8.1.
Polaris Industries Inc.
8.2.
Honda Motor Co., Ltd.
8.3.
Kwang Yang Motor Co, Ltd
8.4.
Yamaha Motor Co., Ltd.
8.5.
BRP Inc.
8.6.
Arctic Cat Inc.
8.7.
Suzuki Motor Corporation
8.8.
Kawasaki Heavy Industries, Ltd.
8.9.
ZHEJIANG CFMOTO POWER CO.,LTD
4 © TechSci Research
Ta b l e o f C o n t e n t s S. No. 9.
Contents Strategic Recommendations
10.
Prominent Dealers and Distributors
11.
About Us & Disclaimer
5 Š TechSci Research
Product Overview
Product Definition All Terrain Vehicle is a four-wheel vehicle designed for off-road use and traversing rough terrain, swamps and marshland. The vehicle, which is single passenger, is used for recreation, in sports such as fishing and hunting and for trail and dune riding, and for utility purposes on farms, ranches, and construction sites.
Product Classification Product
ATV Type
Utility
Application
✓ Sports
✓ Agriculture
All Terrain Vehicle (ATV)
Sports
✓ Entertainment
Youth ✓ Others
6 6 © TechSci Research
Research Methodology
Market Profiling •In-depth secondary research was conducted to determine top players in the Asia-Pacific all terrain vehicle market, along with overall market size and segmental market size.
Data Collection
Research & Intelligence
Data Filter & Analysis
Actionable Insights
Business Solution
Formulating Questionnaire •In order to conduct interviews with industry experts, TechSci Research formulated a detailed questionnaire. Developing List of Respondents •List of industry players, distributors, industry specialists was developed.
❑ Identifying Key Opinion Leaders ❑ Questionnaire Design ❑ In-depth Interviews
❑ Recent Developments
A
and
Primary Research
Data Collection •TechSci Research conducted interviews with industry experts and industry players for data collection and verification. Data Validation
C
❑ Market Participants
•The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about the Asia-Pacific all terrain vehicle market.
❑ Final Conclusion
❑ Key Strengths ❑ Commercial Vehicle Portfolio
•Data obtained as a result of primary and secondary research was validated through rigorous triangulation. Data Analysis
Company Analysis
❑ Market Changing Aspects/Dynam B ics Desk Research ❑ Government Policies
Primary Research ❑ ❑
LinkedIn TechSci Internal database
Secondary Research ❑ ❑ ❑ ❑ ❑ ❑ ❑
Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.
Paid Sources ❑ ❑
Factiva Hoovers
7 © TechSci Research
Research Methodology
Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading Asia-Pacific all terrain vehicle manufacturing companies. We have also put through an exhaustive search of credible paid
databases such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of the Asia-Pacific all terrain vehicle market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry.
Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various all terrain vehicle companies/dealers & distributors operating in Asia-Pacific. KOLs based out of prominent all terrain vehicle companies/dealers & distributors were interviewed to identify the AsiaPacific all terrain vehicle market.
Sample Size: KOLs Mid to Senior Management, Sales Managers, etc., of All Terrain Vehicle Companies/ Dealers & Distributors
No. of Respondents
Industry Experts
10
Total
50
40
8 Š TechSci Research
Research Methodology
Market Size Calculation Technique: Primary Research For the preparation of ‘Asia-Pacific All Terrain Vehicle market’ report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed Senior Managers and Regional Sales Managers of the prominent all terrain vehicle companies/dealers & distributors using Delphi technique for
calculating the Asia-Pacific all terrain vehicle market size. Respondents were also asked about the current and future growth rates, market share by product type, etc. All the information gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the volume data.
Primary Research – Few of the Companies and/or their Dealers Interviewed
S. No.
Names of Companies and/or their Dealers Interviewed Company
1.
Polaris Industries Inc.
2.
Honda Motor Co., Ltd.
3.
Yamaha Motor Co., Ltd.
4.
ARCTIC CAT INC.
5.
BRP Inc.
9 © TechSci Research
Research Methodology
Secondary Research: We have put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in addition to our internal database. Further analyses of credible publications, white papers, company’s annual reports, investor presentations, news articles, etc., were also analyzed to cross validate the end findings derived from primary
research. S. No.
Few of the Secondary Sources
1.
Motorcycle Industry Council (MIC)
2.
Canadian All-Terrain Vehicle Distributors Council (CATV)
3.
All Terrain Vehicle Industry European Association
4.
Federal Chamber of Automotive Industries
5.
Camera Manufacturers of Motor Vehicles of Argentina (CAFAM)
Forecasting Technique: The team has developed forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interview, questions regarding historical sales trend of all terrain vehicles were put forward. Respondents were asked about the current and future growth rates, market share of all terrain vehicles, Asia-Pacific. In order to forecast the Asia-Pacific all terrain vehicle market, following forecast techniques were used:
• Time Series Analysis • Econometric and Judgmental Analysis • Moving Average
10 © TechSci Research
I N D U ST RY B R I E F According to TechSci Research report, “Asia-Pacific All Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023”, all terrain vehicle (ATV) market in Asia-Pacific is projected to reach $ 1.57 billion by 2023, on the back of rising technological developments in ATVs, increasing off-roading vehicle activities and huge demand for ATVs from youth population across the region. Moreover, increasing number of off-roading sports tournaments and growing usage of all terrain vehicles for defense and agricultural purposes are few of the other prominent factors expected to boost the sales of all terrain vehicles in the region in coming years. Utility all terrain vehicle segment accounts for the largest share in Asia-Pacific all terrain vehicle market. The leading position is being backed by the extensive application usage of utility ATVs in various industries, owing to their load carrying capacity, easy maintenance, economic pricing and several other advantages over sports ATVs. On account of all these features, the segment is anticipated to maintain its dominance in the region’s all terrain vehicle market over the next five years. Major all terrain vehicle manufacturers in the region are anticipated to increase their efforts to provide a wide range of products in this segment to meet varied customer requirements. “Growing per capita income, availability of a wide range of products, entry of several international brands and increasing commercialization of ATVs are among the key factors driving the sales of all terrain vehicles in Asia-Pacific. Moreover, increasing number of Chinese all terrain vehicle manufacturers in the region is expected to result in intense competition due to competitive pricing strategy, thereby positively influencing the region’s ATV market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
11 © TechSci Research
S A M P L E D ATA - S N A P S H O T Asia-Pacific All Terrain Vehicle Market Size, By Value (USD Billion), By Volume (Thousand Units), 2013-23F
2013
2014
CAGR 2013-2017
CAGR 2018E-2023F
By Value: xx% By Volume: xx%
By Value: xx% By Volume: xx%
2015
2016
2017
Value (USD Billion)
Japan All Terrain Vehicle Market Share, By Product Type, By Volume, 2013-2023F
2018E
2019F
2020F
2021F
2022F
2023F
Volume (Thousand Units) Vietnam All Terrain Vehicle Market Attractiveness Index, By Product Type, By Volume, 2018E-2023F 60.00% 50.00% 40.00%
Youth ATV
30.00% 20.00%
Utility ATV Sports ATV
10.00% Utility ATV
Sports ATV
Youth ATV
0.00% 0.00 -10.00%
2.00
4.00
6.00
8.00
12 © TechSci Research
RE PORT ORDE RING
Report Name: Asia-Pacific All Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023
Report Price License Type
Price
Electronic Access - Single User License
$3950
Electronic Access - Multi-User License
$4950
Custom Research License
$8950
To View Sample OR Purchase Report 13 © TechSci Research
About Us & Disclaimer About Us: TechSci Research is a APAC market research and consulting company with offices in Canada, India and the UK. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and APAC industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
Related Reports APAC Mobility on Demand Market Forecast & Opportunities, 2022 Australia Commercial Vehicle Market Forecast & Opportunities, 2022 North America Specialty Tire Market Forecast & Opportunities, 2021
Partial List of Clients
Disclaimer:
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
TechSci Research – North America 2950, Boundary Road, Burnaby, British Columbia, Canada Tel: +1- 646- 360-1656 Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Asia-Pacific B – 44, Sector -57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com
14 © TechSci Research