Overview and Scope
The all-terrain vehicle (ATV) is a vehicle that travels on low-pressure tires,
with a seat which is straddled by the operator, along with handlebars for
steering control. It is designed to handle a wider variety of terrain better
than other vehicles.
Sizing and Forecast
The all-terrain vehicle (atv) market size has grown strongly in recent years.
It will grow from $3.56 billion in 2023 to $3.76 billion in 2024 at a compound
annual growth rate (CAGR) of 5.7%. The growth in the historic period can be
attributed to recreational off-roading popularity, agricultural and farming
applications, military and defense usage, expansion of outdoor recreation.
The all-terrain vehicle (atv) market size is expected to see strong growth in
the next few years. It will grow to $4.7 billion in 2028 at a compound annual
growth rate (CAGR) of 5.7%. The growth
in the forecast period can be attributed to increased urban and suburban
recreational use, stringent emission standards, advanced safety features, growing
demand in emerging markets. Major trends in the forecast period include
electric atv models, autonomous atv technologies, lightweight and
high-performance materials, connectivity and iot integration, customization and
personalization options.
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Segmentation & Regional Insights
The all-terrain vehicle (atv) market covered in this report is segmented –
1) By Vehicle Type: Utility ATV, Sports ATV, Recreational, Other Vehicles
2) By Displacement: Low, Mid, High
3) By Application: Sports, Entertainment, Agriculture, Military, Hunting
North America was the largest region in the all-terrain vehicle (ATV) market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the all-terrain vehicle (atv) market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa
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Major Driver Impacting Market Growth
Government support is expected to drive the growth of the all-terrain vehicle
(ATV) market going forward. The governments of different countries are
supporting the automotive sector to produce new solutions to better serve the
industry. For example, in Thus, the government support will increase the demand
for tourism industry thereby increasing the demand for all-terrain vehicle
(ATV) market. For example, in July 2022, The U.S. Department of Energy (DOE)
announced a $96 million funding opportunity to support decarbonizing the
domestic transportation sector. The funding will focus on expanding electric
vehicle (EV) charging accessibility, create cleaner non-road vehicles through
electrification and the use of alternative fuels, and develop electric drive
components and materials to maximize EV efficiency and affordability. Thus, the government support will propel the
growth of the all-terrain vehicle (ATV) market.
Key Industry Players
Major companies operating in the all-terrain vehicle (atv) market report are
Bombardier Recreational Products Inc., Suzuki Motors Corporation, Kawasaki
Motors Corporation, HiSun Motors Corp., Yamaha Motor Co. Ltd., AISIN SEIKI Co.
Ltd., Honda Motor Co. Ltd., Polaris Industries Inc., TEAM Industries Inc.,
Arctic Cat Inc., Deere & Company, KTM AG, Can-Am Off-Road, Textron
Inc., CFMOTO Powersports Inc., Kwang Yang Motor Co. Ltd., Linhai Industrial
Share Co. Ltd., TGB Group, Kandi Technologies Group, Kymco USA Inc., Massimo
Motor Sports, ODES Industries LLC, Suzuki Motorcycle Corporation, Apollo io,
BMS Motorsports, Maxtrade LLC, Hammerhead Off-Road Inc., Chongqing TaoTao
Technology Co. Ltd., Trailmaster Inc., DRR USA Inc.
The all-terrain vehicle (atv) market report table of contents includes:
1. Executive Summary
2. All-Terrain Vehicle (ATV)
Market Characteristics
3. All-Terrain Vehicle (ATV)
Market Trends And Strategies
4. All-Terrain Vehicle (ATV)
Market - Macro Economic Scenario
5. Global All-Terrain
Vehicle (ATV) Market Size and Growth
.
31. Global All-Terrain Vehicle (ATV) Market Competitive Benchmarking
32. Global All-Terrain
Vehicle (ATV) Market Competitive Dashboard
33. Key Mergers And
Acquisitions In The All-Terrain Vehicle (ATV) Market
34. All-Terrain Vehicle
(ATV) Market Future Outlook and Potential Analysis
35. Appendix
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