Honda is currently experiencing the greatest ATV shortage worldwide, and other producers will soon follow. Although the US and China have started to address the issue, it will still take some time for these steps to reach the consumer level. Despite the fact that riding ATVs is a common hobby, the shortage has made this year’s model particularly difficult for many manufacturers. We’ll go through some of the main problems contributing to the ATV shortage in this article.
Demand outweighs supply
ATV demand is more than ATV supply. Prices are increasing as a result of a lack of inventory and a supply that is more than the demand. The market has a long runway ahead of it, so in the coming years, it should continue to expand and have record sales.
Despite the shortage, some producers are wary due to the possibility of pandemics and probable financial loss from stock outs. Several important factors for the market and the manufacturers are listed below:
Compared to UTVs, which can range in price from $4,000 to $16,000 for a new one, ATVs are more expensive. UTVs feature more freight carrying capacity and passenger seats.
Additionally, there are growing safety concerns, and in certain parks, all-terrain vehicle traffic is prohibited outside of approved zones. Additionally, these vehicles may put youngsters in danger and harm delicate ecosystems.
New technologies have led to shortages
The ATV market is expanding quickly, and analysts anticipate continued strong growth through 2025. For instance, a pandemic could have a major effect on the sector.
The impacts of lockdowns are still having a major impact on the ATV business. Although it is currently too early to predict how the pandemic would impact sales, some analysts believe it may lead to a shortage of inventories.
As the market for ATVs grows, several manufacturers have begun creating new models for specific niches. For instance, the leading ATV producer in the United States, Polaris, recently unveiled dedicated hunting editions. Additionally, EMS departments, search and rescue missions, and law enforcement agencies all employ ATVs.
ATVs are consequently turning into crucial equipment for law enforcement.
Impact of COVID-19 pandemic on ATVs
The discussion surrounding ATVs and public roadways in Vermont has become more challenging in light of the most recent COVID-19 pandemic. While some worried residents are concerned about noise and safety, the ATV community wants access to additional land throughout the summer. Both parties have struggled to reach an agreement during this statewide discussion. The following advice will help you get through this trying time.
The ATV business is being driven by rising economic capacity and rising consumer purchasing power worldwide. The sector has expanded as a result of an increase in off-roading competitions and public interest in leisure activities. Governments are advising people to use ATVs carefully because they are now widely accessible.
The latest models are equipped with a host of safety features to reduce the risk of an accident.
ATVs are used extensively by farmers and ranchers to complete necessary tasks. To prevent accidents, they must be handled cautiously, and young drivers must take extra care. A recent press release from the National Farm Medicine Center revealed an upsurge in ATV injuries among children and young people.
The COVID-19 pandemic was linked to this trend in the press release, which also noted an increase in the incidence of ATV injuries among kids. It also provides guidance on safety for young drivers.
ATV accidents have the potential to be fatal. Recently, a 5-year-old youngster was riding with his elder brother in an accident in Alabama. When the younger child went looking for him, he discovered his unconscious little brother in a pond.
Although the older boy recovered from his injuries, the young boy died. Although the child was unconscious, his death was preventable, but the accident could have led to a more serious outcome.
With increasing recreational spending and the growing preference for off-road vehicles, the demand for off-road vehicles is expected to rise. Electric ATVs and e-bikes are expected to drive demand for these vehicles in the coming years. Further, a number of new models are expected to enter the market. For example, Polaris recently introduced a new lineup of electric side-by-sides for all skill levels in August 2020. The new lineup includes the Sportsman 450 H.O. and 570 models for riders of all abilities. In addition, the RZR XP Turbo S are expected to be available in the market by 2020. The Stag and Beast are expected to feature 150 miles of range.
The Pownal selectboard will hold a special session Monday, Nov. 30, via Zoom. The session will be in Spanish, but you can follow the live stream. ATV riders should police each other and the community. In the meantime, ATV riders should continue to ride safely on the roads. And the Pownal selectboard is expected to implement its own ordinance for the ATV. It is unclear how the local government will implement the new law.
https://youtube.com/watch?v=YFD2wVJy8YA
