The global ATV coilover shock market is currently valued at more than 151 thousand units and is expected to reach around 274 thousand units by 2021, says Technavio.
Technavio has announced its latest market research report on the global ATV coilover shock market, under its automotive components portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like FOX Factory, Integra Shocks and Springs, QA1, and Walker Evans Racing.
According to Siddharth Jaiswal, a lead analyst for automotive components research at Technavio, “The rise in participation in recreational activities is one of the key forces driving the growth of the global ATV coilover market. The trend is especially prominent in regions such as North America and Europe, which are experiencing a surge in demand for recreational mountain activities such as racing and dirt racing.”
Providing sports enthusiasts with the required training and safety accessories will reduce the safety-related concerns, leading to the growth of the ATV market, and subsequently the ATV coilover market. Vendors in the market are focusing on expanding their customer base by providing terrain vehicle sports packages according to the seasons in an attempt to gain market shares.
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Growing penetration of coilover shocks in mid-segment UTVs and ATVs
Until recently, coilover shocks were incorporated only in high-end models of ATVs that cost USD 20,000 and above. However, the trend is changing as coilover shocks are used in many ATVs and UTVs that belong to the mid-segment (USD15,000 and above) as well owing to the increased emphasis on adequate safety measures. For instance, Raptor 700R, one of the best-selling sports ATV from Yamaha (USD7,899) features coilover shocks.
Aluminum monotube shocks
Aluminum monotube shocks are lightweight shocks that can reduce the weight of the suspension and work well with rough and heavy dirt race tracks as well as bumpy asphalt tracks. For instance, QA1, one of the major players in the global ATV coilover shock market, offers 16″ Series aluminum threaded body monotube shock. With its linear and digressive valve features, it allows for better stability and improves drivability. The rising adoption of aluminum monotube shocks is projected to reflect positively on the growth of the ATV coilover shock market by 2021.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global ATV Coilover Shock Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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