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Global All-Terrain Vehicle Market: By Vehicle Type: Utility ATV, Sports ATV, Recreational, Others; By Product Type: Three-Wheeler, Four-Wheeler, Six-Wheeler, Eight-Wheeler; By Applications; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global All-Terrain Vehicle Market Outlook

The all-terrain vehicle market is expected to rise from USD 4 billion in 2020 to USD 4.7 billion by 2026, at a CAGR of 2.67% over the forecast period of 2022-2027. An all-terrain vehicle (ATV) is a car equipped with four wheels and handlebars with low pressure.

 

Global All-Terrain Vehicle Market

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These cars are famous for their manoeuvrability and off-road capacities. They are required in the army, surveying, forestry, farming, sports, and other applications. ATVs are treated quite differently, requiring some training before they can be cautiously driven. Generally, these are used in off-road settings, but few areas also allow these vehicles to be used on government highways. Over the previous few years, all-terrain vehicles have gained popularity as they enable access to distant regions and provide a convenient way to carry supplies and machinery and could even replace animal packs for transportation. All-terrain vehicles are also used in the ground unit of the army, marine, and others. The growing demand for all-terrain vehicles in the military, agricultural, and sports applications are the main driving factors for the industry.

 

Properties and Applications

A small open motor vehicle with one seat and three or more wheels equipped with big tyres, intended for raw surface use are known as an all-terrain vehicle (ATV). The all-terrain vehicle market can be divided on the basis of segments like vehicle type, product type, and applications.

 

Global All-Terrain Vehicle Market By Type

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The industry can be broadly categorised on the basis of vehicle type into:

  • Utility ATV
  • Sports ATV
  • Recreational
  • Others

The industry can be divided on the basis of product type as:

  • Three-Wheeler
  • Four-Wheeler
  • Six-Wheeler
  • Eight-Wheeler

The industry can be segmented based on applications as:

  • Agriculture
  • Entertainment
  • Military
  • Sports
  • Others

The EMR report looks into the regional markets of the all-terrain vehicle like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global All-Terrain Vehicle Market By Region

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Market Analysis

The main drivers for the all-terrain vehicles market include increasing demand for off-road vehicles and rising disposable incomes. The demand for this industry is boosted by the need for a compact, heavy-duty car with high fuel efficiency and multipurpose implementation. During the forecast period, the two-seat all-terrain vehicle market is projected to be the fastest-growing market for all-terrain vehicles. It is expected that gasoline will be the most significant market segment of all-terrain vehicles. During the forecast period, North America is expected to carry the most significant market share of all-terrain vehicles. The demand for all-terrain vehicles in the region has been caused by factors such as upcoming electric vehicle projects, high disposable individual earnings, the scope for new and advanced techniques, developed economy, and public laws on all-terrain vehicle models. Environmental problems, such as harm to the ground and carbon emissions, and safety regulations, restrict the growth of the global all-terrain vehicle market.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global all-terrain vehicle market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Yamaha Corporation
  • Honda Motor Co. Ltd.
  • Arctic Cat Inc. 
  • Kawasaki Heavy Industries Ltd.
  • CFMOTO, Inc. 
  • Suzuki Motor Corporation
  • Deere & Company, (NYSE: DE)
  • HISUN 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Product Type, Applications, Region
Breakup by Vehicle Type Utility ATV, Sports ATV, Recreational, Others
Breakup by Product Type Three-Wheeler, Four-Wheeler, Six-Wheeler, Eight-Wheeler
Breakup by Applications Agriculture, Entertainment, Military, Sports, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Yamaha Corporation , 7951 (TYO), Honda Motor Co. Ltd., 7267 (TYO), Arctic Cat Inc., Kawasaki Heavy Industries Ltd., 7012 (TYO), CFMOTO, Inc., Suzuki Motor Corporation , 7269 (TYO), Deere & Company, DE (NYSE), HISUN, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data
3    Executive Summary
    3.1    Market Overview
    3.2    Market Analysis
4    Global All-Terrain Vehicle Market Analysis
    4.1    Global All-Terrain Vehicle Historical Market (2017-2021) & Forecast (2022-2027)
    4.2    Global All-Terrain Vehicle Market Breakup by Vehicle Type
        4.2.1    Utility ATV
        4.2.2    Sports ATV
        4.2.3    Recreational
        4.2.4    Others
    4.3    Global All-Terrain Vehicle Market Breakup by Vehicle Type: Historical Market (2017-2021) & Forecast (2022-2027)
        4.3.1    Utility ATV
        4.3.2    Sports ATV
        4.3.3    Recreational
        4.3.4    Others
    4.4    Global All-Terrain Vehicle Market Breakup by Product Type
        4.4.1    Three-Wheeler
        4.4.2    Four-Wheeler
        4.4.3    Six-Wheeler
        4.4.4    Eight-Wheeler
    4.5    Global All-Terrain Vehicle Market Breakup by Product Type: Historical Market (2017-2021) & Forecast (2022-2027)
        4.5.1    Three-Wheeler
        4.5.2    Four-Wheeler
        4.5.3    Six-Wheeler
        4.5.4    Eight-Wheeler
    4.6    Global All-Terrain Vehicle Market Breakup by Applications    
        4.6.1    Agriculture
        4.6.2    Entertainment
        4.6.3    Military
        4.6.4    Sports
        4.6.5    Others
    4.7    Global All-Terrain Vehicle Market Breakup by Applications: Historical Market (2017-2021) & Forecast (2022-2027)
        4.7.1    Agriculture
        4.7.2    Entertainment
        4.7.3    Military
        4.7.4    Sports
        4.7.5    Others
    4.8    Global All-Terrain Vehicle Market Breakup by Region
        4.8.1    North America
            4.8.1.1    United States of America
            4.8.1.2    Canada
        4.8.2    Europe
            4.8.2.1    Germany
            4.8.2.2    United Kingdom
            4.8.2.3    France
            4.8.2.4    Italy
            4.8.2.5    Others
        4.8.3    Asia Pacific
            4.8.3.1    China
            4.8.3.2    Japan
            4.8.3.3    India
            4.8.3.4    ASEAN
            4.8.3.5    Others
        4.8.4    Latin America
            4.8.4.1    Brazil
            4.8.4.2    Argentina
            4.8.4.3    Mexico
            4.8.4.4    Others
        4.8.5    Middle East & Africa
            4.8.5.1    Saudi Arabia
            4.8.5.2    United Arab Emirates
            4.8.5.3    Nigeria
            4.8.5.4    South Africa
            4.8.5.5    Others
    4.9     Global All-Terrain Vehicle Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        4.9.1    North America
            4.9.1.1    United States of America
            4.9.1.2    Canada
        4.9.2    Europe
            4.9.2.1    Germany
            4.9.2.2    United Kingdom
            4.9.2.3    France
            4.9.2.4    Italy
            4.9.2.5    Others
        4.9.3    Asia Pacific
            4.9.3.1    China
            4.9.3.2    Japan
            4.9.3.3    India
            4.9.3.4    ASEAN
            4.9.3.5    Others
        4.9.4    Latin America
            4.9.4.1    Brazil
            4.9.4.2    Argentina
            4.9.4.3    Mexico
            4.9.4.4    Others
        4.9.5    Middle East & Africa
            4.9.5.1    Saudi Arabia
            4.9.5.2    United Arab Emirates
            4.9.5.3    Nigeria
            4.9.5.4    South Africa
            4.9.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Key Players & Company Profile Analysis
    7.1    Yamaha Corporation , 7951 (TYO)
    7.2    Honda Motor Co. Ltd., 7267 (TYO)
    7.3    Arctic Cat Inc. 
    7.4    Kawasaki Heavy Industries Ltd., 7012 (TYO)
    7.5    CFMOTO, Inc. 
    7.6    Suzuki Motor Corporation , 7269 (TYO)
    7.7    Deere & Company, DE (NYSE)
    7.8    HISUN 
    7.9    Others
8    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global all-terrain vehicle market attained a value of nearly USD 4 billion.

The market is projected to grow at a CAGR of 2.67% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 4.7 billion by 2026.

The major drivers of the industry, such as rising disposable incomes, increasing demand for off-road vehicles, and the rising demand for a compact, heavy-duty car with high fuel efficiency and multipurpose implementation, are expected to aid the market growth.

The key market trends guiding the industry growth include the advancements in technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Utility ATV, sports ATV, and recreational, among others are the major vehicle types of all-terrain vehicle in the industry.

Three-wheeler, four-wheeler, six-wheeler, and eight-wheeler are the significant product types of all-terrain vehicle in the market.

Agriculture, entertainment, military, and sports, among others, are the major applications of the product in the industry.

The major players in the industry are Yamaha Corporation, Honda Motor Co. Ltd., Arctic Cat Inc., Kawasaki Heavy Industries Ltd., CFMOTO, Inc., Suzuki Motor Corporation, Deere & Company, and HISUN, among others.

Analyst Review

The global all-terrain vehicle market attained a value of USD 4 billion in 2020, driven by the increasing demand for off-road vehicles. Aided by the growing demand for a compact, heavy-duty car with high fuel efficiency, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 2.67%. The market is projected to reach USD 4.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its vehicle types, the global all-terrain vehicle industry can be segmented into utility ATV, sports ATV, recreational, and others. On the basis of product types, the industry is divided into three-wheeler, four-wheeler, six-wheeler, and eight-wheeler. By applications, the industry is categorised into agriculture, entertainment, military, sports, and others. The major regional markets for all-terrain vehicles are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Yamaha Corporation, Honda Motor Co. Ltd., Arctic Cat Inc., Kawasaki Heavy Industries Ltd., CFMOTO, Inc., Suzuki Motor Corporation, Deere & Company, HISUN, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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