All-Terrain Vehicle (ATV) Market Size, Share, Trends | Forecast 2023-2028

The global all-terrain (ATV) vehicle market size reached US$ 4.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.37% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “All-terrain Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global all-terrain vehicle market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is All-terrain Vehicle (ATV)?

An all-terrain vehicle (ATV) is a motorized vehicle that is intended to be used for off-road or on dirt road travels and activities over muddy, rocky and dune topologies. It comprises a large and powerful engine with three or four non-pneumatic tires. Apart from this, it also consists of a sturdy seat to be used by a single operator and handlebars that are essential for steering control. It is an extremely heavy vehicle with a relatively high center of gravity, short wheelbase and short turning radius. These vehicles are widely used for carrying heavy equipment over long distances and narrow access points across numerous industries, including agriculture, and military and defense.

How big is the all-terrain vehicle market?

The global all-terrain (ATV) vehicle market size reached US$ 4.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.37% during 2023-2028.

Request sample copy of this reporthttps://www.imarcgroup.com/all-terrain-vehicle-market/requestsample

Who are the key players operating in the industry?

The report covers the major market players including:

Polaris Industries Inc. ,Honda Motor Co. Ltd. ,Kawasaki Heavy Industries ,Yamaha Motor Corporation ,Suzuki Motor Corporation , KYMCO , Deere Company (John Deere) ,Arctic Cat Inc. ,Bombardier Recreational Products (BRP) , CFMOTO , CECTEK ,HiSun Motors , Linhai and Taiwan Golden Bee.

What are the growth prospects and trends in the all-terrain vehicle industry?

  • The global market is primarily driven by the shifting preference of the masses toward off-roading activities. These vehicles are widely used as a substitute for conventional vehicles as they offer enhanced protection against harsh operating environments and easy maneuverability in difficult and unpredictable terrains.
  • The market is further driven by the growing utilization of these vehicles in the agricultural sector. They are widely used for field plowing, fence mending, weed controlling, animal handling and general transportation purposes. They are also used to minimize the manual labor required in the sector to significantly reduce the operational costs, which is expected to provide a thrust to the market growth.
  • Technological advancements in the automotive infotainment systems have led to the integration of these vehicles with GPS tracking, Bluetooth connectivity and mobile tracking systems, which, in turn, is acting as a growth-inducing factor. This, along with the rising expenditure capacities of consumers and the development of electric quad bikes with improved steering systems, is providing a thrust to the market growth further. The advent of ATVs with rollover protective structures (ROPS) is expected to create a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Utility ATV
  • Sport ATV
  • Recreational ATV
  • Others

Breakup by Application:

  • Sports
  • Entertainment
  • Agriculture
  • Military Defence
  • Others

Breakup by Engine Type:

  • Below 400 cc
  • 400 – 800 cc
  • Above 800 cc

Breakup by No. of Wheels:

  • Three Wheels
  • Four Wheels
  • Four Wheels

Breakup by Drive Type:

  • 2WD
  • 4WD
  • AWD

Breakup by Fuel Type:

  • Electric ATV
  • Gasoline ATV

Breakup by Seating Capacity:

  • One Seat
  • Two or More Seats

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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