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Global All-Terrain Vehicle Market is Expected to Grow at a CAGR of 2.67% in the Forecast Period of 2022-2027.

All-Terrain Vehicle Market

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 (2018-2028); 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 4.22 billion in 2022 to USD 4.33 billion by 2028, at a CAGR of 2.67% over the forecast period of 2023-2028. 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.

 

Market Segmentation

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.
  • ZHEJIANG CFMOTO POWER CO.,LTD
  • Suzuki Motor Corporation
  • Deere & Company, (NYSE: DE)
  • HISUN Motors Corporation
  • Polaris Inc.
  • 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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, 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, Honda Motor Co. Ltd., Arctic Cat Inc., Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation, ZHEJIANG CFMOTO POWER CO.,LTD, Deere & Company (NYSE: DE), HISUN Motors Corporation, Polaris Inc., 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global All-Terrain Vehicle Market Analysis
    8.1    Key Industry Highlights
    8.2    Global All-Terrain Vehicle Historical Market (2018-2022) 
    8.3    Global All-Terrain Vehicle Market Forecast (2023-2028)
    8.4    Global All-Terrain Vehicle Market by Vehicle Type
        8.4.1    Utility ATV
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Sports ATV
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Recreational
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global All-Terrain Vehicle Market by Product Type
        8.5.1    Three-Wheeler
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Four-Wheeler
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Six-Wheeler
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Eight-Wheeler
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
    8.6    Global All-Terrain Vehicle Market by Application
        8.6.1    Agriculture
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Entertainment
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Military
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Sports
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    Global All-Terrain Vehicle Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America All-Terrain Vehicle Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe All-Terrain Vehicle Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific All-Terrain Vehicle Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.2    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  All-Terrain Vehicle Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa All-Terrain Vehicle Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Yamaha Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Honda Motor Co. Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Arctic Cat Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Kawasaki Heavy Industries, Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Suzuki Motor Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    ZHEJIANG CFMOTO POWER CO.,LTD
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Deere & Company (NYSE: DE)
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    HISUN Motors Corporation
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Polaris Inc.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global All-Terrain Vehicle Market: Key Industry Highlights, 2018 and 2028
2.    Global All-Terrain Vehicle Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
3.    Global All-Terrain Vehicle Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
4.    Global All-Terrain Vehicle Historical Market: Breakup by Product Type (USD Billion), 2018-2022
5.    Global All-Terrain Vehicle Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
6.    Global All-Terrain Vehicle Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global All-Terrain Vehicle Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global All-Terrain Vehicle Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global All-Terrain Vehicle Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global All-Terrain Vehicle Market Structure

Key Questions Answered in the Report

What was the global all-terrain vehicle market size in 2022?

In 2022, the global all-terrain vehicle market attained a value of nearly USD 4.22 billion.

What is the growth rate of the global all-terrain vehicle market?

The market is projected to grow at a CAGR of 2.67% between 2023 and 2028.

What is the forecast outlook of the global all-terrain vehicle market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 4.33 billion by 2028.

What are the major market drivers?

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

What are the key trends in the market?

The key trends guiding the market growth include the advancements in technology and increasing availability of all-terrain vehicles.

What are the major regions of all-terrain vehicle, according to the market report?

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

What are the major vehicle types of all-terrain vehicle in the market?

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

What are the significant product types of all-terrain vehicle in the market?

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

What are the major applications of the product in the market?

Agriculture, entertainment, military, and sports, among others, are the major applications of the product in the global all-terrain vehicle market.

Who are the key market players, according to the report?

The major players in the market are Yamaha Corporation, Honda Motor Co. Ltd., Arctic Cat Inc., Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation, ZHEJIANG CFMOTO POWER CO.,LTD, Deere & Company, HISUN Motors Corporation, and Polaris Inc., among others.

Analyst Review

The global all-terrain vehicle market attained a value of USD 4.22 billion in 2022, 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 2023-2028, growing at a CAGR of 2.67%. The market is projected to reach USD 4.33 billion by 2028.

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., Suzuki Motor Corporation, ZHEJIANG CFMOTO POWER CO.,LTD, Deere & Company (NYSE: DE), HISUN Motors Corporation, and Polaris Inc., among 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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