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In 2022, the global market for all-terrain vehicles was estimated at $3.5 billion; by 2030, that number is expected to rise to $5 billion, representing a compound annual growth rate (CAGR) of 4.8%.
A vehicle with at least three low-pressure tyres and a set of handlebars is known as an all-terrain vehicle (ATV). Three, four, or even six wheels could be on an ATV. In addition, there are two distinct categories of ATVs: Type I and Type II. Type I ATVs are designed for use by a single driver, without any passengers. Two people, the driver and a passenger, can ride on a Type II ATV. The military, surveying, forestry, agriculture, sports, and many more fields can all benefit from the versatility and off-road capabilities of ATVs. These call for a distinct approach and special training. These are mostly utilised in off-road settings; but, in some countries, it is legal to drive one on the street. These have exploded in favour in recent years as a means to visit outlying locations and transport supplies and tools.
As the popularity of extreme sports, off-roading, and other off-road leisure activities rises, as does the demand for all-terrain vehicles (ATVs) in the military, and as more governments pass laws permitting the use of ATVs on public roads, the global market for these vehicles is expanding. The industry could expand, but restrictions on ATV use in wildlife areas due to damage to the terrain and the expensive expense of maintaining ATVs are holding it back. Growth prospects are also anticipated to arise during the projection period as a result of efforts to make ATVs safer.
In the past, ATVs were promoted and sold because of the excitement they provided to the rider. ATVs, however, were quickly recognised as practical devices for navigating areas inaccessible to trucks, 4x4s, and other vehicles. Over time, ATVs gained popularity due to the wide variety of tasks they could do in the farming industry, including crop and livestock inspections, fertiliser and chemical application, irrigation system and pipeline repairs, supervision of field personnel and transportation of products. These days, all sorts of farms, orchards, nurseries, and woodlands make use of all-terrain vehicles.
A growing consumer preference for off-road recreation and adventure sports is a key factor behind the expansion of the all-terrain vehicle market. Many manufacturers now equip their ATVs with GPS and Bluetooth for enhanced functionality and convenience for drivers. Improvements in steering systems, hydraulic pump connections, joystick controls, and graphical displays in ATVs, as well as the development of electric quad bikes, are further fueling the industry's expansion. The market has been helped by a number of factors, including the developing tourist industry, increasing urbanisation, and increased consumer spending capacity.
Due to the increased demand from clients operating in the agriculture sector for such vehicles, the firm intends to modernise its numerous utility vehicles for farming purposes. John Deere's AutoTrac assisted steering feature debuted on their Gator Utility Vehicles in July 2022. The AutoTrac assisted steering technology was developed to lessen the physical and mental strain placed on the operator. With this system in place, the vehicle can reliably and consistently complete its tasks as it moves around the field. The XUV835M HVAC, XUV835R, XUV835R Signature Edition, XUV865M HVAC, XUV865R, and XUV865R Signature Edition are just some of the vehicles that include this AutoTrack Steering technology. In addition to BRP's Outlander, Outlander Pro, and Commander as well as Suzuki's KingQuad, Polaris' Sportsman Series, Honda's TRX420 FourTrax, etc., other manufacturers provide a broad variety of ATVs suitable for usage on farms around the world.
Buyers and original equipment manufacturers (OEMs) alike place a premium on products that ensure the safety of their passengers and vehicles. Authorities all across the world are working hard to make cars safer for drivers and passengers. Drivers need to pay close attention to the ATV's speed, navigation, and other controls at all times. Serious mishaps can occur if this is ignored. One common sort of accident is when the ATV flips or rolls over, ejecting the driver and passenger or trapping them under the vehicle. Contrary to popular belief, ATVs are not built to accommodate passengers in the back. Doing so greatly increases the danger for everyone in the car, including the driver.
Report Coverage
Global All-terrain Vehicle research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global All-terrain Vehicle report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and All-terrain Vehicle competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key All-terrain Vehicle market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global All-terrain Vehicle market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, All-terrain Vehicle market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Textron Inc., CFMOTO, Kawasaki Heavy Industries Ltd., Deere & Company, BRP Inc., Suzuki Motor Corporation, Hisun Motors Corp., Honda Motor Co., Ltd., Polaris Industries, Inc., Kwang Yang Motor Co., Ltd., Yamaha Motor Co., Ltd., KUBOTA Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global All-terrain Vehicle market based on the below-mentioned segments:
Global All-terrain Vehicle Market, By Type
Utility all-terrain vehicle
Sport all-terrain vehicle
Others
Global All-terrain Vehicle market, By Fuel Type
Gasoline powered
Diesel powered
Electric powered
Solar powered
Global All-terrain Vehicle Market, By End User
Agriculture
Military
Mountaineering
Others
Global All-terrain Vehicle market, Regional Analysis
A vehicle with at least three low-pressure tyres and a set of handlebars is known as an all-terrain vehicle (ATV). Three, four, or even six wheels could be on an ATV. In addition, there are two distinct categories of ATVs: Type I and Type II. Type I ATVs are designed for use by a single driver, without any passengers. Two people, the driver and a passenger, can ride on a Type II ATV. The military, surveying, forestry, agriculture, sports, and many more fields can all benefit from the versatility and off-road capabilities of ATVs. These call for a distinct approach and special training. These are mostly utilised in off-road settings; but, in some countries, it is legal to drive one on the street. These have exploded in favour in recent years as a means to visit outlying locations and transport supplies and tools.
As the popularity of extreme sports, off-roading, and other off-road leisure activities rises, as does the demand for all-terrain vehicles (ATVs) in the military, and as more governments pass laws permitting the use of ATVs on public roads, the global market for these vehicles is expanding. The industry could expand, but restrictions on ATV use in wildlife areas due to damage to the terrain and the expensive expense of maintaining ATVs are holding it back. Growth prospects are also anticipated to arise during the projection period as a result of efforts to make ATVs safer.
In the past, ATVs were promoted and sold because of the excitement they provided to the rider. ATVs, however, were quickly recognised as practical devices for navigating areas inaccessible to trucks, 4x4s, and other vehicles. Over time, ATVs gained popularity due to the wide variety of tasks they could do in the farming industry, including crop and livestock inspections, fertiliser and chemical application, irrigation system and pipeline repairs, supervision of field personnel and transportation of products. These days, all sorts of farms, orchards, nurseries, and woodlands make use of all-terrain vehicles.
A growing consumer preference for off-road recreation and adventure sports is a key factor behind the expansion of the all-terrain vehicle market. Many manufacturers now equip their ATVs with GPS and Bluetooth for enhanced functionality and convenience for drivers. Improvements in steering systems, hydraulic pump connections, joystick controls, and graphical displays in ATVs, as well as the development of electric quad bikes, are further fueling the industry's expansion. The market has been helped by a number of factors, including the developing tourist industry, increasing urbanisation, and increased consumer spending capacity.
Due to the increased demand from clients operating in the agriculture sector for such vehicles, the firm intends to modernise its numerous utility vehicles for farming purposes. John Deere's AutoTrac assisted steering feature debuted on their Gator Utility Vehicles in July 2022. The AutoTrac assisted steering technology was developed to lessen the physical and mental strain placed on the operator. With this system in place, the vehicle can reliably and consistently complete its tasks as it moves around the field. The XUV835M HVAC, XUV835R, XUV835R Signature Edition, XUV865M HVAC, XUV865R, and XUV865R Signature Edition are just some of the vehicles that include this AutoTrack Steering technology. In addition to BRP's Outlander, Outlander Pro, and Commander as well as Suzuki's KingQuad, Polaris' Sportsman Series, Honda's TRX420 FourTrax, etc., other manufacturers provide a broad variety of ATVs suitable for usage on farms around the world.
Buyers and original equipment manufacturers (OEMs) alike place a premium on products that ensure the safety of their passengers and vehicles. Authorities all across the world are working hard to make cars safer for drivers and passengers. Drivers need to pay close attention to the ATV's speed, navigation, and other controls at all times. Serious mishaps can occur if this is ignored. One common sort of accident is when the ATV flips or rolls over, ejecting the driver and passenger or trapping them under the vehicle. Contrary to popular belief, ATVs are not built to accommodate passengers in the back. Doing so greatly increases the danger for everyone in the car, including the driver.
Report Coverage
Global All-terrain Vehicle research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global All-terrain Vehicle report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and All-terrain Vehicle competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key All-terrain Vehicle market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Textron Inc., CFMOTO, Kawasaki Heavy Industries Ltd., Deere & Company, BRP Inc., Suzuki Motor Corporation, Hisun Motors Corp., Honda Motor Co., Ltd., Polaris Industries, Inc., Kwang Yang Motor Co., Ltd., Yamaha Motor Co., Ltd., KUBOTA Corporation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of All-terrain Vehicle Market from 2021 to 2030.
- Market Forecast for All-terrain Vehicle Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, All-terrain Vehicle competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on All-terrain Vehicle
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global All-terrain Vehicle market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, All-terrain Vehicle market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Textron Inc., CFMOTO, Kawasaki Heavy Industries Ltd., Deere & Company, BRP Inc., Suzuki Motor Corporation, Hisun Motors Corp., Honda Motor Co., Ltd., Polaris Industries, Inc., Kwang Yang Motor Co., Ltd., Yamaha Motor Co., Ltd., KUBOTA Corporation
Primary Target Market
- Market Players of All-terrain Vehicle
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global All-terrain Vehicle market based on the below-mentioned segments:
Global All-terrain Vehicle Market, By Type
Utility all-terrain vehicle
Sport all-terrain vehicle
Others
Global All-terrain Vehicle market, By Fuel Type
Gasoline powered
Diesel powered
Electric powered
Solar powered
Global All-terrain Vehicle Market, By End User
Agriculture
Military
Mountaineering
Others
Global All-terrain Vehicle market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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