The global all-terrain vehicle market is currently witnessing a stable growth.
An all-terrain vehicle (ATV) refers to a motorized single-seated tri or quadricycle bike and buggy that is designed for off-road travel and activities. The vehicle consists of handlebars and low-pressure tires that have deep-threaded structures, which assist in driving over muddy, rocky, wetlands and dune topologies. In comparison to other utility vehicles (UTVs), ATVs offer excellent off-road capabilities and can carry heavy equipment over long distances and narrow access points. They can also be customized for high-performance riding, owing to which they find extensive applications across various industries, including sports, entertainment, agriculture, military and defence.
Increasing consumer preference for off-road recreational activities and adventure sports is one of the key factors driving the growth of the market. With the advancements in automotive infotainment systems, vendors are offering ATVs with GPS tracking and Bluetooth connectivity systems, thereby enhancing the overall driving experience. Furthermore, widespread product adoption by the agriculture industry is also providing a boost to the market growth. ATVs are widely utilized for conducting farm-related activities, such as field ploughing, weed control, animal handling and transportation of materials. Additionally, various technological advancements, including the development of electric quad bikes and the installation of improved steering systems, hydraulic pump connections, joystick controls and graphic displays in ATVs, are also contributing to the market growth. Other factors creating a positive impact on the market include a significant increase in the tourism industry, rapid urbanization and rising expenditure capacities of the consumers. Looking forward, the analyst expects the market to register a CAGR of around 3% during 2020-2025.
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
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
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being Arctic Cat Inc., Bombardier Recreational Products (BRP), CECTEK, CFMOTO US, Deere & Company (John Deere), HiSun Motors, Honda Motor Co. Ltd., Kawasaki Heavy Industries, KYMCO, Linhai, Polaris Industries Inc., Suzuki Motor Corporation, Taiwan Golden Bee, Yamaha Motor Corporation, etc.
Key Questions Answered in This Report: How has the global all-terrain Vehicle Market performed so far and how will it perform in the coming years? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the application? What is the breakup of the market based on the engine type? What is the breakup of the market based on the number of wheels? What is the breakup of the market based on the drive type? What is the breakup of the market based on the fuel type? What is the breakup of the market based on the seating capacity? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global all-terrain vehicle market and who are the key players? What is the degree of competition in the industry?
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