All-terrain Vehicle Market By Type (Utility all-terrain vehicle, Sport all-terrain vehicle, Others), By Fuel Type (Gasoline powered, Diesel powered, Electric powered, Solar powered), By Displacement (Less than 400 CC, Between 400 CC and 800 CC, Greater than 800 CC), By End-use (Agriculture, Military, Mountaineering, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
An all-terrain vehicle (ATV) is a vehicle fitted with at least three low-pressure tires and handle bars. An all-terrain vehicle could have three, four or even six wheels. In addition, ATVs are of two types such as Type I ATVs and Type II ATVs. Type I ATVs are intended to be utilized by a single operator and no passenger. Type II ATVs are intended to be utilized by an operator and a passenger. ATVs are known for their manoeuvrability & off-road capabilities and are applicable in military, survey, forestry, agriculture, sports, and others. These are handled quite differently and require training. 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 areas and provide a convenient way to carry supplies and equipment.
Increasing adoption of ATVs for utility applications, including forestry, agriculture, and goods transport is the primary factor driving the growth of the market. In addition, these vehicles offer several benefits such as compact size to work in small & remote spaces, enhanced vehicle capacity, lower market price, and less maintenance, thereby boosting the adoption of ATVs. Furthermore, the demand for ATV is increasing significantly in sports applications, owing to increasing number of sports racing events, further fueling the market growth.
The growth of the global all-terrain vehicle market is propelling, due to increase in trend of adventure sports and recreational activities, rise in demand for ATV in military activities, and government rules to support driving ATVs on road. However, ban on ATV driving in wildlife area due to terrain damage, and high maintenance cost of ATVs are the factors hampering the growth of the market. Furthermore, production of safer ATVs is the factor expected to offer growth opportunities during the forecast period.
The all-terrain vehicle market is segmented on the basis of type, fuel type, displacement, end-use, and region. By type, it is segmented into utility all-terrain vehicle, sport all-terrain vehicle, and others. By fuel type, it is classified into gasoline powered, diesel powered, electric powered, and solar powered. By displacement, it is fragmented into less than 400 cc, 400 - 800 cc, and more than 800 cc. By end-use, it is categorized into agriculture, military, mountaineering, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the all-terrain vehicle market analysis from 2021 to 2031 to identify the prevailing all-terrain vehicle market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the all-terrain vehicle market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global all-terrain vehicle market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Utility all-terrain vehicle
Sport all-terrain vehicle
Others
By Fuel Type
Gasoline powered
Diesel powered
Electric powered
Solar powered
By Displacement
Less than 400 CC
Between 400 CC and 800 CC
Greater than 800 CC
By End-use
Agriculture
Military
Mountaineering
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
BRP Inc.
CFMOTO
Deere & Company
Hisun Motors Corp.
Honda Motor Co., Ltd.
Kawasaki Heavy Industries Ltd.
KUBOTA Corporation
Kwang Yang Motor Co., Ltd.
Polaris Industries, Inc.
Suzuki Motor Corporation
Textron Inc.
Yamaha Motor Co., Ltd.
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