The U.S. will dominate the North America youth ATV & UTV market with volume share at over 88% till 2024. Favorable climatic and geographical conditions along with the presence of several trails will support the regional dominance. Pennsylvania youth ATV & UTV market share will grow significantly at around 5 %CAGR over the study timeframe due to the increased youth participation and the presence of multiple trails maintained and operated by the PA DCNR.
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Proliferating penetration of sports and recreational activities coupled with the increasing disposable income will drive the North America youth ATV & UTV market over the study timeframe. Increasing off-road trails and parks along with the availability of affordable youth ATVs and UTVs will further augment the industry growth.
Industry players are investing in R&D to introduce innovative features in their portfolio to differentiate from the competition. Introduction of several features including fully independent suspension, CDI, CVT, and EFI systems enhances the off-roading capabilities, thereby strengthening the North America youth ATV & UTV business growth.
The gasoline engine dominated the fuel segment with over 94% revenue share over the projected timeframe owing to the vast network of fuel stations across the region. The availability of multiple models with varied engine alternatives in terms of capacity and power/torque outputs further supports the North America youth ATV & UTV dominance.
The electric segment will exhibit 8% CAGR from 2018 to 2024 due to the lower maintenance costs, cleaner emissions, and no engine noise. The growing network of charging stations, improving fast charging capabilities, and increasing driving range will propel the segment growth.
Youth ATV dominated the industry surpassing 80% share in 2017 owing to the lower stringent age requirements compared to the UTVs. The lower initial cost of these vehicles coupled with easier towing & parking capabilities will further augment the North America youth ATV & UTV market share till 2024.
Some Point from Table of Contents:
Chapter 4. North America Youth ATV & UTV Market, By Product
4.1. North America Youth ATV & UTV industry share by product, 2017 & 2024
18.104.22.168. Market estimates and forecast, 2013-2024
22.214.171.124. Market estimates and forecast, by region, 2013-2024
126.96.36.199. Market estimates and forecast, 2013-2024
188.8.131.52. Market estimates and forecast, by region, 2013-2024
Chapter 5. North America Youth ATV & UTV Market, By Fuel
5.1. North America Youth ATV & UTV industry share by fuel, 2017 & 2024
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013–2024
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013–2024
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