Global ATV & Side by Side Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global ATV & Side by Side Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

ATV stands for All Terrain Vehicle. An ATV is an off-road vehicle with handlebar steering and a motorcycle-style seat. ATVs are designed for a variety of uneven terrain and roads. A side-by-side vehicle (SxS ) is an off-road vehicle known for its 4- to 6-wheel design, unique side-by-side bucket seat setup, and steering wheel and pedal drive system.

Market Overview:

The latest research study on the global ATV & Side by Side market finds that the global ATV & Side by Side market reached a value of USD 14008.1 million in 2022. It’s expected that the market will achieve USD 21868.7 million by 2028, exhibiting a CAGR of 7.71% during the forecast period.

Broad downstream market demand growth

When ATVs first appeared in the United States in the 1970s, they were promoted and sold as recreational vehicles. As a special vehicle integrating practical, entertainment, sports, and other functions, all-terrain vehicles can drive on various complex road conditions such as beaches, grasslands, mountain roads, and jungles. Because all-terrain vehicles are suitable for different terrains and road conditions, they are flexible and widely used. At present, they are mainly used in many fields such as outdoor operations, sports, leisure means of transportation, fire patrols, and military defense. In addition, ATVs have many uses in farming, replacing pickups, horses, and even walking. Today, ATVs are found on all types of farms and ranches, orchards and forests, ornamental nurseries, and golf courses. At the same time, ATV & Side by Side can also be used for military activities, etc. Overall, ATV & Side by Side has a wide range of downstream demand, and the increase in downstream market demand is driving the development of the ATV & Side by Side industry.

Outdoor adventure sports are gaining popularity

With the development of the global economy and the upsurge of people's pursuit of improving their lifestyles, leisure activities such as outdoor recreational activities are becoming more and more popular among consumers. For example, in the Chinese market, under the influence of COVID-19 in recent years, people's outbound travel and activities in urban entertainment venues have been restricted, and outdoor activities have become increasingly popular.

ATV & Side by Side has grown in popularity in recent years, as they provide access to the backcountry and rough terrain, and carry equipment easily. Hence, the increasing popularity of outdoor recreational activities such as off-road sports is one of the factors driving the growth of the market.

Region Overview:

In 2022, the share of the ATV & Side by Side market in North America stood at 82.69%.

Company Overview:

Polaris is one of the major players operating in the ATV & Side by Side market, holding a share of 38.87% in 2023.

Polaris designs and manufactures off-road vehicles, including all-terrain and side-by-side vehicles for recreational and utility purposes, snowmobiles and road vehicles, including motorcycles, and related replacement parts, apparel and accessories.

Polaris Issues Stop Ride / Stop Sale For Some Model Year 2022-2023 RZR Pro R Off-Road Vehicles

February 3, 2023
Polaris has determined that on some Model Year 2022-2023 RZR Pro R off-road vehicles, the alternator may have been improperly manufactured by the supplier and an internal rotor segment may crack and separate during operation, posing a fire hazard and risk of serious injury.

Segmentation Overview:

By type, Side by Side segment accounted for the largest share of market in 2022.

ATV

ATV stands for All Terrain Vehicle. An ATV is an off-road vehicle with handlebar steering and a motorcycle-style seat. ATVs are designed for a variety of uneven terrain and roads.

Side by Side

A side-by-side vehicle (SxS ) is an off-road vehicle known for its 4- to 6-wheel design, unique side-by-side bucket seat setup, and steering wheel and pedal drive system.

Application Overview:

The market's largest segment by application is the segment Commercial, with a market share of 58.27% in 2022.

Individuals

Individuals can purchase ATV & Side by Side. Individuals are mainly entertainment players, such as racing drivers, sports enthusiasts, adventure enthusiasts, hunters, manor owners, villa owners, etc.

Commercial

ATV & Side by Side is available for commercial use. For example, ATV & Side by Side is used in resorts, sports fields, etc.

Others

ATV & Side by Side can also be used in military and industrial etc.

Key Companies in the global ATV & Side by Side market covered in Chapter 3:

Honda
Polaris
HSUN Motors
Arctic Cat
KYMCO
Kawasaki
Suzuki
Kubota
CFMOTO
Linhai Group
BRP
John Deere
Yamaha Motor

In Chapter 4 and Chapter 14.2, on the basis of types, the ATV & Side by Side market from 2018 to 2029 is primarily split into:

ATV
Side by Side

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the ATV & Side by Side market from 2018 to 2029 covers:

Individuals
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)