All-Terrain Vehicle - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global All-Terrain Vehicle market is accounted for $3.95 billion in 2019 and is expected to reach $5.29 billion by 2027 growing at a CAGR of 3.7% during the forecast period. Some of the key factors propelling the market growth are growing demand for ATVS in agriculture, rising buying power and expenditure capacity of individuals. However, high accident rates are the restraining factor for the growth of the market.
All-terrain vehicles also known as quad bikes, are vehicles with big and robust tires with short tire pressure, a wide seat that helps the driver to be seated in a easy position and are is fitted with a broad length handlebar permit easy control and maneuverability to the driver. This automobile is designed to be ridden preferably as a single seater or with a pillion rider. The vehicle is designed to handle a large variety of terrains compared to other automobiles, which is not legal to be ridden on the streets of majority of countries, and thus, necessitate special permission for driving on the streets. All-terrain vehicles are generally designed to be ridden by a single operator, though some manufacturers design these vehicles to be ridden by the operator as well as the pillion riding passenger.
By type, sport ATV segment is expected to grow at the significant market share during the forecast period due to prepared with stiffer suspensions, lesser center of gravity, and are lighter weight as compared to utility ATVs. Sports ATVs are offers with superior and more proficient engines, providing them the capability to attain and maintain lofty speeds for extended periods of time. This makes the sports ATVs suitable for sporty recreational and racing applications. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to factors such as developed economy, superior disposable income of the residents, approaching electric vehicle projects, and government rules regarding ATVs. The region has numerous off-road terrain parks and trails such as River Valley Motocross, Rocky Ridge Ranch, and Northwest Off-Highway Vehicle Park.
Some of the key players in All-Terrain Vehicle Market include Baltmotors, Bennche, BRP, Cfmoto, Ecocharger, Hisun, Honda, John Deere, Kawasaki, KTM, Linhai, Polaris, Suzuki, Textron, Velomotors and Yamaha.
• Sport ATV
• Utility ATV
• Youth ATV
Engine Capacities Covered:
• <400 CC
• 400 to 800 CC
• >800 CC
Fuel Types Covered:
• Electric ATV
Number of Wheels Covered:
• Four Wheel
• > Four Wheel
• Six Wheel
• Eight Wheel
Seating Capacities Covered:
• One seat
• Two seats
Drive Types Covered:
• Low CC
• Mid CC
• High CC
Braking Systems Covered:
• Hydraulically Actuated Disc Brake
• Drum Brake
• Military & Defense
• Hunting & Forestry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Supply chain trends mapping the latest technological advancements
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