Research Methodology on All-Terrain Vehicle (ATV) Market
The research methodology adopted for this research report on the All-Terrain Vehicle Market is designed to provide an in-depth assessment of the key factors influencing the global all-terrain vehicle market. This research primarily includes primary and secondary research. The secondary research includes analysis of the existing public and confidential data sources, market intelligence reports and white papers published by the manufacturers and research companies.
Primary Research:
Primary research is used to understand the market dynamics and assess the key players’ strategies and strengths. Sources of primary research include, but were not limited to, surveys, interviews, and expert forums.
Surveys:
A survey is conducted among a group of users of All-Terrain Vehicles, including the suppliers and manufacturers of all-terrain vehicles, as well as end-user customers. Through the survey, data is collected on their preferences, selection criteria, and strategies used to purchase and market the all-terrain vehicles. This data is used to ascertain the current trends and insights into the market.
Interpretation & Analysis:
The data collected from primary and secondary sources are compiled, tabulated, and analytical models are designed to perform segment analysis, market segmentation, and industry analysis. The data is then validated through triangulation methodology, in which secondary research is compared to primary research and internal analysis.
Secondary Research:
Secondary research is used to analyze the existing information on the all-terrain vehicle market. It is also used to collect data from credible market intelligence sources, such as industry magazines, white papers, company reports, company websites, and trade journals. Information is gathered from varied sources, such as standardized reports and publications, newspapers, magazines, and industry associations.
Data Collation & Analysis:
The collected data is collated and evaluated based on primary and secondary research data. The data is then used to generate analytical models and market forecasts and is further used to generate the key market trends, industry growth drivers and the challenges and opportunities prevailing in the market.
Market Estimation & Forecasting:
Using the primary and secondary data, the market size of the All-Terrain Vehicle Market is estimated for the years 2023 to 2030. Various analytical methods, such as SWOT analysis, Porter’s five forces analysis, market share analysis, and other such methods are used to generate a figure of the global all-terrain vehicle market. The data is then segmented based on the different types of all-terrain vehicles, applications, and regions.
Moreover, both top-down and bottom-up approaches are used to calculate the market size of the all-terrain vehicle market. Both approaches are then cross-checked and gross market estimates are generated over the forecast period 2023 to 2030.
Data Triangulation:
Data triangulation is used to validate the data collected through various sources. This method helps to eliminate the discrepancies that are present due to data gathering from different sources.
Forecast Model:
A key driver assessment model is also designed to generate an approximate rating for the forecast of the all-terrain vehicle market. The key drivers include macroeconomic and secondary factors. The model has a qualitative and quantitative approach, which is used to generate an industry-wide scenario and correlation of their impact on the all-terrain vehicle market.
Time Frame:
The published research report conducts the study of the said market segment over a period of a few months, beginning from March 2022 to December 2022. During this period, several activities, ranging from primary and secondary research to data triangulation and data analysis, were undertaken.
