ATV Manufacturing in the US - Market Research Report (2014-2029)

Off the road: Higher borrowing costs will make it more difficult for consumers to purchase ATVs

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

ATV manufacturers have faced declines over the current period. While the outbreak of COVID-19 led to an increase in time spent on leisure and sports, consumer sentiment fell and reduced consumers' purchases of big-ticket items. Climbing interest rates to combat inflations continued disincentivizing consumers from making big-ticket purchases as they often financed them through credit. Supply chain woes led to climbing input prices for ATV manufacturers, hindering profit. Industry-wide revenue has been falling at a CAGR of 2.2% over the past five years and is expected to total $4.9 billion in 2023, when revenue will drop by an estimated 1.0% and profit will dip to 3.9%.

This industry manufactures all-terrain vehicles (ATVs) and their associated parts. ATVs are four-wheeled vehicles typically equipped with wide tires that have a deep tread suitable for various conditions and terrains. They can be used for recreation or utility purposes.