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The all-terrain vehicle market, by value, is projected to grow to USD 4.7 billion by 2027 from USD 3.9 billion in 2019, at a CAGR of 2.2%

Increasing off-road recreational activities would drive market growth
The all-terrain vehicle market, by value, is projected to grow to USD 4.7 billion by 2027 from USD 3.9 billion in 2019, at a CAGR of 2.2% during the forecast period. The rising demand for ATVs in recreational activities, mainly worldwide championships, will boost the future growth of the all-terrain vehicle market.
NEW YORK, Jan. 23, 2020 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05786657/?utm_source=PRNMore than four wheels ATVs to be the fastest growing segment in All-terrain vehicle, by number of wheels
More than four wheeled ATVs is projected to be the fastest growing market in the all-terrain vehicle market by 2027.OEMs are planning to be more customer-centric in terms of its manufacturing processes.
The growing number of ATV buyers are looking for more than 4-wheel ATVs, especially in military and agricultural applications.Thus, OEMs, component manufacturers, and material providers are jointly working to develop more than 4 wheeled ATVs with better design, performance, and efficiency.
Hence, more than four wheeled ATVs is projected to be the fastest growing all-terrain vehicle market.
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