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The COVID-19 marketplaceplaceplace market has an effect on research anticipates a negative expansion and will decrease the expansion of the marketplaceplaceplaceplace in ATV guidance systems, while 32% of the marketplaceplaceplacelaceplace expansion will come from APAC during the forecast period, according to Technavio Global ATV STEERing System marketplaceplaceplacelace with COVID-19 research.
This multimedia press release. See the full edition here: https://www. businesswire. com/news/home/20200914005901/en/
Technavio announced its latest market report, Global ATV Steering System Market 2020-2024 (Table: Business Wire)
The growing demand for military and defense operations will be one of the main points that will drive the expansion of the ATV guidance systems market in the forecast period. One of the leading suppliers, John Deere manufactures traditional cars, particularly for the U. S. government, as these cars are used for military and defense applications. In addition, John Deere signed a contract with the GSA and manufactured the M-Gator UV mainly for the army. These contracts will inspire brands to introduce cars for other applications. Similarly, in Canada, the military had signed an agreement with Polaris Industries to unload turbodiesel off-road vehicles suitable for use in extreme off-road weather conditions. This growing call for off-road vehicles for military and defense operations will drive the expansion of the global market for off-road vehicle guidance systems. In addition, this industry studies report also presents competitive studies of the market location through the end user (OEM and place of the aftermarket) and geography (APAC, Europe, MEA, North America and South America).
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Competitive panorama
ATV’s global control systems market is highly competitive with primary vendors such as Allied Motion Technologies Inc. , Bombardier Recreational Products Inc. , Honda Motor Co. Ltd. , Maval Industries LLC, Polaris Inc. , Showa Corp. , Soucy Holding Inc. , SuperATV LLC, Suzuki Motor Corp. and Yamaha Motor Co. Ltd. , Competing on the basis of price, quality and market presence.
“In addition to the call for military and defense operations, the increasing use of cars for recreational and adventure sports activities and the increasing adoption of off-road vehicles in the agricultural sector are main points that will drive market expansion during the forecast period,” said a senior Technavio analyst.
The top five suppliers in the ATV systems market
Allied Motion Technologies Inc.
Allied Motion Technologies Inc. operates in a unified segment. The company manufactures a formula for off-road vehicles, adding electrically assisted formulas.
Bombardier Recreational Products Inc.
Bombardier Recreational Products Inc. operates in the nautical and motorsport sectors. The company manufactures guidance systems for its Can-Am off-road vehicles.
Honda Motor Co. Ltd.
Honda Motor Co. Ltd. operates in various segments, adding motorcycles, automobiles, monetary services, energy products and other activities. The company manufactures guidance systems for its off-road vehicles.
Maval Industries LLC
Maval Industries LLC operates in a unified segment. The company manufactures off-road vehicle guidance systems, adding electronic force guidance systems, its subsidiary, Wicked Bilt.
Polaris Inc.
Polaris Inc. operates in segments: off-road vehicles/snowmobiles, motorcycles, adjacent global markets, secondary markets and boats. The company manufactures a formula for off-road vehicles, adding electronic force formulas for its off-road vehicles.
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Materials table:
summary
Market landscape
Market ecosystem
Value chain analysis
Market size
Market definition
Market segment analysis
Market 2019
Market Outlook: Forecast for 2019-2024
Analysis of the forces
Summary of forces
Negotiating buyers
Vendor bargaining power
The risk of new entrants
The risk of surrogates
Threat of rivalry
Market status
Market segmentation through the end user
Market segments
Comparison of end-users
OEM – Market size and forecast for 2019-2024
Aftermarket: market size and forecast for 2019-2024
End-user-consistent market opportunity
Customer overview
Geographical landscape
Geographical segmentation
Geographical comparison
North American market size and forecast 2019-2024
Europe – Market and forecast 2019-2024
APAC – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
South America – Market size and forecast for 2019-2024
Key countries
Market opportunity through geography
Volume factors: demand-driven growth
Market challenges
Market trends
Seller’s landscape
OVERVIEW
Seller’s landscape
Landscape disturbance
Supplier analysis
Covered suppliers
Positioning suppliers in the market
Allied Motion Technologies Inc.
Bombardier Recreational Products Inc.
Honda Motor Co. Ltd.
Maval Industries LLC
Polaris Inc.
Showa Corp.
Soucy Holding Inc.
SuperATV LLC
Suzuki Motor Corp.
Yamaha Motor Co. Ltd.
appendix
The scope of the report
Currency conversion for the US dollar
Research methodology
List of abbreviations
about us
Technavio is a world-leading consulting and generation firm. His studies and studies focus on trends in emerging market locations at the bead-place accessories site and provide actionable data for corporations to identify place-to-market opportunities and expand effective methods for optimizing their positions at the market site. With more than 500 specialized analysts, Technavio’s report library includes more than 17,000 reports and counts, covering 800 technologies, in 50 countries. Its clientele is made up of corporations of all sizes, adding more than one hundred Fortune 500 corporations. This expanding visitor base is based on Technavio’s comprehensive coverage, in-depth studies and marketplaceplaceplaceplaceplacelace wisdom to identify opportunities in existing and prospective marketsplaceplaceplacelaces and evaluate their competitive positions in converting marketplaceplaceplaceplaceplace scenarios.
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contacts
Technavio Research Jesse Maida Media