Global All-Terrain Vehicle Market, By Type (Utility, Sport, Youth), Drive Type (2WD, 4WD, AWD), Application (Sports, Entertainment, Agriculture, Military and Defence, Agriculture, Forestry, Mountains, Hunting, Others), Displacement (High CC, Mid CC, Low CC), Engine Capacity (Less than 400CC, 400-800CC, More than 800CC), Fuel Type (Electric ATV, Gasoline ATV), Seating Capacity (One-Seat ATV, Two-Seat ATV), Number of Wheels (Three-Wheel, Four-Wheel, Six-Wheel, Eight-Wheel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The all-terrain vehicle market is expected to witness market growth at a rate of 4.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on all-terrain vehicle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the popularity of outdoor entertainment activities such as off-road sports activities is escalating the growth of aviation analytics market.
All-terrain vehicles can also be referred to as quad bikes, or quadricycles, are the vehicles with highly strong tires with low tire pressure, a wide seat that aids the driver to be seated in a comfortable position and is fitted with a wide length handlebar permitting easy control and flexibility to the driver.
Major factors that are expected to boost the growth of the all-terrain vehicle market in the forecast period are the rise in the off-road recreational activities which would thrift the demand of all-terrain vehicles. Furthermore, the upsurge in the need for all-terrain vehicles in the agriculture, military and defence is further anticipated to propel the growth of the all-terrain vehicle market. Moreover, the growing of the purchasing power and the expenses capability of the individuals is further estimated to cushion the growth of the all-terrain vehicle market.
On the other hand, the rise in the accident rates and the limitation on all-terrain vehicle utilization in the wildlife zone is further projected to impede the growth of the all-terrain vehicle market in the timeline period. In addition, the rise in the utilization of technology in all-terrain vehicle will further provide potential opportunities for the growth of the all-terrain vehicle market in the coming years. However, the increase in the expenses of the all-terrain vehicles might further challenge the growth of the all-terrain vehicle market in the near future.
This all-terrain vehicle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on all-terrain vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
All-Terrain Vehicle Market Scope and Market Size
The all-terrain vehicle market is segmented on the basis of type, drive type, application, displacement, engine capacity, seating capacity and number of wheels. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the all-terrain vehicle market is segmented into utility, sport, and youth.
- On the basis of drive type, the all-terrain vehicle market is segmented into 2WD, 4WD, and AWD.
- On the basis of application, the all-terrain vehicle market is segmented into sports, entertainment, agriculture, military and defence, agriculture, forestry, mountains, hunting, and others.
- On the basis of displacement, the all-terrain vehicle market is segmented into high CC, mid CC, and low CC.
- On the basis of engine capacity, the all-terrain vehicle market is segmented into less than 400CC, 400-800CC, and more than 800CC.
- On the basis of fuel type, the all-terrain vehicle market is segmented into electric ATV, and gasoline ATV.
- On the basis of seating capacity, the all-terrain vehicle market is segmented into one-seat ATV, and two-seat ATV.
- On the basis of number of wheels, the all-terrain vehicle market is segmented into three-wheel, four-wheel, six-wheel, and eight-wheel.
All-Terrain Vehicle Market Country Level Analysis
The all-terrain vehicle market is analysed and market size, volume information is provided by country, type, drive type, application, displacement, engine capacity, seating capacity and number of wheels as referenced above.
The countries covered in the all-terrain vehicle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the all-terrain vehicle market due to the rise in the adoption of ATVs. Furthermore, the increase in the disposable income of the residents will further boost the growth of the all-terrain vehicle market in the region during the forecast period. Europe is projected to observe significant amount of growth in the all-terrain vehicle market due to the rise in the need for off-road vehicles in agricultural as well as military and defence applications.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and All-Terrain Vehicle Market Share Analysis
The all-terrain vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to all-terrain vehicle market.
The major players covered in the all-terrain vehicle market report are Polaris Industries, Inc., BRP, HISUN, Textron Inc., American Honda Motor Co., Inc., Kawasaki Motors Corp., U.S.A., Yamaha Motor Co., Ltd., suzuki motor corporation, CFMOTO, Jiangsu Linhai Power Machinery Group Co.,Ltd, Bennche,LLC, Velomotors Group of Companies, Eco Charger, Baltmotors, Nebulaauto, CECTEK, Taiwan Golden Bee, KYMCO, Kässbohrer Geländefahrzeug AG, Kawasaki Heavy Industries, Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.