An all-terrain vehicle (ATV) is a vehicle fitted with four low-pressure tires and handlebars. These vehicles are known for their maneuverability and off-road capabilities and are applicable in military, surveying, forestry, agriculture, sports, and others. ATVs are handled quite different and require some amount of training before they could be ridden safely. These are usually used in off-road environments but few regions permit the use of these vehicles on public roads as well. These have gained popularity over the past few years as they allow access to remote or areas and provide a convenient way of carrying supplies and equipment and might even replace the pack of animals for transport as used in a traditional way. ATVs are also used in military, marine, and army ground unit.
All Terrain Vehicle Market Conspectus
Global All Terrain Vehicle Market Report demonstrated that All Terrain Vehicle market is poised to present surging growth during the predicted period from 3,208 million USD in 2019 to reach 4,211 million USD by 2026 with a CAGR of 3.96%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the All Terrain Vehicle market development. A distinctive and comprehensive picture of All Terrain Vehicle is embodied in the report.
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Major Participators Landscape
Key market players covered in the report such as Polaris, Kawasaki, Yamaha, Arctic Cat, Honda, BRP, Suzuki, KYMCO, TGB, Cectek, HISUN, CFMOTO, LINHAI, Feishen Group, and ShuoPu. These players’ market share, revenue, company profile, and SWOT analysis are covered in the All Terrain Vehicle report. In the future, production and consumption are estimated to continue developing with a stable growth rate. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Market Dynamics Abstract
First and foremost, the market growth is primely attributed to the growing penetration of recreational activities and sports globally. Secondly, advancements in infotainment system offer superior entertainment and user-friendly experience with GPS tracking, Bluetooth connectivity, and mobile tracking facilities, thereby, enhancing driving experience are also giving impetus to the All Terrain Vehicle market growth. Furthermore, Moreover, rising technical development in quad bikes with upgraded performance and efficiency is another important factor for driving the All Terrain Vehicle market growth. Apart from this, the need for a compact heavy-duty vehicle with high fuel efficiency and multipurpose application boosts the demand for All Terrain Vehicle and stimulate market growth.
Market Challenges Abstract
Contrarily, All Terrain Vehicle market growth is anticipated to be retarded by rising negative environmental impacts on soil and vegetation, an increase in the accident rate related with these vehicles, and laws prohibiting their use in public places.
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All Terrain Vehicle Type Abstract
On the basis of the type, the All Terrain Vehicle can be bifurcated into Less than 300 cc, 300-500 cc, and Larger than 500 cc.
All Terrain Vehicle Application Abstract
The All Terrain Vehicle is commonly used into Agriculture, Sports, Forestry, Mountains, Military, and Others.
Sport ATV segment is anticipated to witness robust growth over the forecast period due to shifting consumer preference for recreational and adventurous sports backed by rising disposable income. Key manufacturers including Polaris and Honda offer a wide variety of sport segment that showcases lightweight vehicle with the required suspension to handle turns, jumps, and bumps. These products are designed for different sports including recreation, hunting, and racing. The large scope of customization to cater increasing consumer demand provides enhanced all-terrain vehicle market growth opportunities.
Key Regions Overview
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
North America dominated the All Terrain Vehicle market with a share of 50.26% and projected to show steady growth during the future years due to shifting trend toward extensive usage in several areas including agricultural lands, forestry, and mountains. Rising adoption of off-road and recreational activities will positively impact the industry expansion. Numerous snowmobile associations and clubs across the region conduct sports events yearly, leading to increased sales of these quad bikes and thereby propelling industry size during the forecast timeframe. Europe is currently leading the Asia Pacific with a share of 25.63% and 15.30% due to the growing popularity of trail riding and off-roading in large parts of Europe. The Asia Pacific is endowed with a bright future, this is thanks to growing demand from military & defense and entertainment sectors. In addition, rising defense expenditure and increasing purchasing power parity are anticipated to positively support product penetration. The proliferating demand from various emerging economies including India and China will significantly contribute to enhanced revenue generation. Furthermore, rising disposable income, purchasing power parity and increase in defense spending is likely to proliferate the ATV demand in the Asia Pacific.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of All Terrain Vehicle Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of All Terrain Vehicle Market by Types
4 Segmentation of All Terrain Vehicle Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of All Terrain Vehicle Market in Major Countries
7 North America All Terrain Vehicle Landscape Analysis
8 Europe All Terrain Vehicle Landscape Analysis
9 Asia Pacific All Terrain Vehicle Landscape Analysis
10 Latin America, Middle East & Africa All Terrain Vehicle Landscape Analysis
11 Major Players Profile
11.1 Polaris
11.1.1 Polaris Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Kawasaki
11.3 Yamaha
11.4 Arctic Cat
11.5 Honda
11.6 BRP
11.7 Suzuki
11.8 KYMCO
11.9 TGB
11.10 Cectek
11.11 HISUN
11.12 CFMOTO
11.13 LINHAI
11.14 Feishen Group
11.15 ShuoPu
…
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