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

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

An amphibious ATV is a single-person all-terrain vehicle that can double as a personal watercraft.

Market Overview:

The latest research study on the global Amphibious ATV market finds that the global Amphibious ATV market reached a value of USD 135.95 million in 2022. It’s expected that the market will achieve USD 172.3 million by 2028, exhibiting a CAGR of 4.03% during the forecast period.

Increased competition

During the forecast period, competition among suppliers will increase. Suppliers will compete based on price and product quality to provide a competitive advantage in the market. During the forecast period, we expect that as product demand increases, more and more companies will enter the Amphibious ATV market, and competition among suppliers will intensify.

Emerging needs in developing regions

Amphibious ATVs have good maneuverability and off-road capabilities, and are used in military, surveying, forestry, agriculture, sports, recreation and other fields. With the economic development and population growth, the per capita disposable income of developing countries has also increased. The development of tourism, military and other industries will definitely drive the progress of related industries, and the market for amphibious ATV will further expand.

Growth of amphibious ATVs for entertainment

With the development of tourism personalization, tourism products based on a single tourism level can no longer meet people's needs for tourism psychology, so they have turned to professional demand levels such as culture, leisure, and adventure. The amphibious ATV combines transportation and entertainment, which is very suitable for outdoor adventures and provides convenience for family travel. As people's living standards increase and the demand for outdoor travel increases, the amphibious ATV market for entertainment will continue to expand.

Region Overview:

In 2022, the share of the Amphibious ATV market in North America stood at 66.64%.

Company Overview:

Argo is one of the major players operating in the Amphibious ATV market, holding a share of 27.2% in 2021.

Argo

Founded in 1967, ARGO is a manufacturer of extreme terrain vehicles. Whether used for commercial, government / public sector or personal applications, ARGO can fill the gap between recreational areas and heavy off-road equipment.

Sherp

Sherp manufactures unique SHERP ATVs with impressive features. SHERP is a reliable, low maintenance vehicle that can work under extreme operating conditions. Geologists, oil workers, fishermen, hunters, thrill seekers and discoverers are already using these ATVs to work and overcome the wild.

Segmentation Overview:

Among different product types, 6x6 segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Personal segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Amphibious ATV market covered in Chapter 3:

Mudd-Ox
Zhejiang Xibeihu Special Vehicle Co., Ltd
Gibbs Technologies Limited
RM-Terex
Hydratrek
Tinger
Argo
Sherp

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

6x6
8x8

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

Personal
Commercial

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)