The global all-terrain vehicle market is determined to develop to USD 4.7 billion by 2027 from USD 3.9 billion in 2021, at a CAGR of 2.2% during the foreseen period. The expanding interest for ATVs in military, agriculture, and sports applications is the central point driving the market.
All-terrain vehicles (ATVs) are three or more than three wheeled motorized vehicles with large tires that are generally used for off street activities. All-terrain vehicles are often employed vineyards, ranches, farms and other places. They include maximum quad bikes, smaller side-via-aspects and amphibious motors. In early 1980s, all-terrain vehicles were first launched in the US for several agricultural uses. Over a decade, all-terrain automobiles have grown increasingly famous for leisure use. The latest trend in the all-terrain motors marketplace is that manufacturing corporations are forming institutions to expand the marketplace by organizing sports events. Over the years, all-terrain motors have turn out to be speedy and heavy for higher stability. According to an estimate, majority of the all-terrain vehicles utilized in Canada and the Central US are for leisure activities. While in New Zealand and Australia, majority of them are used for agricultural activities.
In BENGALURU: Recently students has developed a gearless all-terrain vehicle that constantly collects statistics from one-of-a-kind sensors in its parts because it maneuvers pits, rocky roads and even forests. The information enables college students improve the vehicle with every ride.
An array of contemporary Unmanned Aerial Vehicles (UAVs), fast-assault craft and all- terrain vehicles (ATVs) will soon bolster the dominion power of the BSF deployed to protect the marshy and arid Rann of Kutch area in India along the Indo-Pak border. The country's 'first line of defense' is also planning to station a few all-climate floating vessels close to the disputed waters in the location along with round Sir Creek and Harami Naala areas, a pinnacle BSF commander said.
With its 2 new all-terrain vehicles, Suzuki Motorcycles Asian nation intends to form a powerful foothold during this growing market and pave the approach for future launches in India. At the event, Suzuki bike Asian nation, administrator, Masayoshi Ito aforementioned, "With the goal of increasing our line of products in Asian nation, we've determined to launch 2 of our in style ATV models within the market, thus showcasing our experience across numerous classes."
Drivers and Restraints of All-terrain vehicle:
Increase in recreational activities is expected to immediately translate to an upward push inside the demand for all-terrain motors, because of their functionality in rough terrans. Moreover, the growing use of these vehicles inside the agricultural quarter helps lessen manpower and the overall operation cost. This key element is projected to power call for the all-terrain automobiles market. Moreover, technical enhances in all-terrain vehicles and their improved consumer friendliness also are supporting the demand for this market.
Also, a growth inside the accident price associated with these cars and legal guidelines prohibiting their use in public places are hampering the demand for them.
Recreation holds a sizable share in all-terrain car marketplace with transferring inclination toward hiking and camping. Government companies are organizing multiple applications and imparting grants for people concerned in off-toll road activities. For instance, in 2017, Oregon Parks & Recreation Department delivered ATV Program for supplying facts associated with off-road car using opportunities. This application also offers investment for emergency medical services and safety education promoting the segment growth.
Military will witness good sized boom within the marketplace owing to superior mobility furnished for tactical missions. High maneuverability and versatility alongside with advanced navigational aids to offer instant instructions for car operators will influence the segment increase. Military organizations are collaborating with OEMs for improving their navy fleet.
By Drive Type
AWD is projected to be the fastest developing section of the all-terrain car market. In AWD ATVs, the engine’s strength is split among all of the wheels of an ATV. AWD ATVs are designed for active protection of riders, offering them two times the grip. In a tricky situation where the path is slippery and instant adhesive friction is required to move appropriately into a merging terrain, AWDs come to the fore. All the wheels get engaged and supply the required degree of traction to negotiate the course or terrain properly. Increasing ATV production and the rising recognition on safety functions will pressure the marketplace for AWD ATVs within the near future.
By Seating capacity
By Number of wheels
By Fuel Type
By Engine Type
All-terrain vehicle Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
North America is determined to account for the most substantial share of the overall industry during the outlook period. Factors, for example, appeal for ATV, forthcoming electric vehicle ventures, high disposable income of individuals, scope for new and trend setting technologies, created economy, and government guidelines with respect to ATV designs have set off the interest for all-terrain vehicles in the area. As per industry insights, the US represents the significant portion of the market inferable from popularity in applications, for example, military, agriculture, sports, entertainment, hunting, and forestry, mining, and construction exercises. As the interest for ATVs keeps on expanding, the US is relied upon to remain the biggest market in the region. Europe will witness steady growth thanks to increasing OHV call for from navy segment. Market contributors are developing cars for defense forces to enhance soldier mobility and payload wearing capacity. For example, in 2013, Oshkosh Defense implemented ATV with high mobility and benefits. The Asia Pacific will foresee strong growth inside the all-terrain vehicle (ATV) marketplace share because of proliferating tourism enterprise and rising call for in utility programs such agriculture and farm animals management.
Key Players of Market:
Key players in the global all-terrain vehicle market include:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 All-terrain Vehicle Market, By Type
6.1.1 Utility ATV
6.1.2 Sport ATV
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 All-terrain Vehicle Market, By Application
6.2.4 Military & Defense
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 All-terrain Vehicle Market, By Drive
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 All-terrain Vehicle Market, By Engine
6.4.4 Market Size Estimations & Forecasts (2019-2024)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
6.5 All-terrain Vehicle Market, By Fuel
6.5.3 Market Size Estimations & Forecasts (2019-2024)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.2.4 By Drive
7.2.5 By Engine
7.2.6 By Fuel
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Drive
7.3.5 By Engine
7.3.6 By Fuel
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Drive
7.4.5 By Engine
7.4.6 By Fuel
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Drive
7.5.5 By Engine
7.5.6 By Fuel
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Application
7.6.4 By Drive
7.6.5 By Engine
7.6.6 By Fuel
8. Key Player Analysis
8.1 Yamaha Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Arctic Cat Inc.
8.3 Honda Motor Co. Ltd.
8.4 Kawasaki Heavy Industries Ltd.
8.5 Suzuki Motor Corporation
8.6 CFMOTO, Inc.
8.8 Deere & Company
8.9 KYMCO, Inc.
8.10 Polaris Industries Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures