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All-Terrain Vehicle Market Report and Forecast 2024-2032

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    Report

  • 147 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921340
According to the report, the global all-terrain vehicle market is projected to grow at a CAGR of 1% between 2024 and 2032 reaching a value of approximate USD 4.79 billion by 2032. Aided by the surge in outdoor recreational activities and the multifunctional utility of ATVs in various sectors, the market is expected to grow significantly by 2032.

All-Terrain Vehicles, popularly known as ATVs, are rugged, quad-wheeled vehicles designed for off-road mobility. Primarily intended for single riders, these vehicles are crafted to traverse diverse terrains, ranging from forests and mountains to deserts and snowy landscapes. Their inherent capacity for multitasking makes them ideal for not only recreational pursuits but also for myriad professional tasks, including farming, construction, and even military operations. Moreover, ATVs find relevance in search and rescue operations due to their dexterity and agility.

The surging enthusiasm for outdoor adventures is significantly contributing to the global all-terrain vehicle market growth. With more individuals seeking thrilling experiences amidst nature, ATVs are becoming the go-to vehicles for off-road expeditions. Their compact design combined with powerful engines ensures a balance of speed and stability, catering to both novice and experienced riders.

Parallelly, the professional sector is generating a significant all-terrain vehicle market demand. In the agricultural domain, ATVs prove instrumental for various tasks like ploughing, seeding, and transporting farm produce. Their adaptability to diverse landscapes ensures that farmers can efficiently operate in fields that might be inaccessible for larger machinery. In construction sites, ATVs serve as swift means of transport, carrying equipment and workers across challenging terrains. The military sector, too, has incorporated ATVs for rapid troop mobility, especially in terrains where traditional vehicles falter.

Manufacturers in the ATV market are continually innovating, focusing on enhancing performance, safety, and user experience. The introduction of electric and hybrid ATVs is a testament to the industry's commitment to sustainability and reduced carbon footprints. These environmentally friendly alternatives, though in their nascent stage, are gaining traction, especially in European and North American regions.

Additionally, the rise in ATV sporting events, championships, and adventure tourism has further bolstered the all-terrain vehicle market share. Such events not only promote the spirit of adventure but also accentuate the capabilities of these robust vehicles, thereby influencing potential buyers.

However, the potential of ATVs isn't merely restricted to land. The advent of amphibious ATVs, capable of manoeuvring both on land and water, has expanded the market's horizon. Such innovations are not only catering to the luxury tourism sector but are also proving beneficial in flood rescue operations and aquatic explorations, thereby, shaping the all-terrain vehicle market outlook.

Market Segmentation

The market can be divided based on vehicle type, product type, application, and region.

Market Breakup by Vehicle Type

  • Utility ATV
  • Sports ATV
  • Recreational
  • Others

Market Breakup by Product Type

  • Three-Wheeler
  • Four-Wheeler
  • Six-Wheeler
  • Eight-Wheeler

Market Breakup by Application

  • Agriculture
  • Entertainment
  • Military
  • Sports
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global all-terrain vehicle market. Some of the major players explored in the report are as follows:
  • Yamaha Corporation
  • Honda Motor Co. Ltd.
  • Arctic Cat Inc.
  • Kawasaki Heavy Industries, Ltd.
  • Suzuki Motor Corporation
  • ZHEJIANG CFMOTO POWER CO., LTD
  • Deere & Company (NYSE: DE)
  • HISUN Motors Corporation
  • Polaris Inc.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global All-Terrain Vehicle Market Analysis
8.1 Key Industry Highlights
8.2 Global All-Terrain Vehicle Historical Market (2018-2023)
8.3 Global All-Terrain Vehicle Market Forecast (2024-2032)
8.4 Global All-Terrain Vehicle Market by Vehicle Type
8.4.1 Utility ATV
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sports ATV
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Recreational
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global All-Terrain Vehicle Market by Product Type
8.5.1 Three-Wheeler
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Four-Wheeler
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Six-Wheeler
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Eight-Wheeler
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global All-Terrain Vehicle Market by Application
8.6.1 Agriculture
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Entertainment
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Military
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Sports
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global All-Terrain Vehicle Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America All-Terrain Vehicle Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe All-Terrain Vehicle Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific All-Terrain Vehicle Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America All-Terrain Vehicle Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa All-Terrain Vehicle Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Yamaha Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Honda Motor Co. Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Arctic Cat Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Kawasaki Heavy Industries, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Suzuki Motor Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 ZHEJIANG CFMOTO POWER CO.,LTD
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Deere & Company (NYSE: DE)
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 HISUN Motors Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Polaris Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global All-Terrain Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Global All-Terrain Vehicle Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3. Global All-Terrain Vehicle Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4. Global All-Terrain Vehicle Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global All-Terrain Vehicle Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global All-Terrain Vehicle Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global All-Terrain Vehicle Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global All-Terrain Vehicle Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global All-Terrain Vehicle Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa All-Terrain Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa All-Terrain Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global All-Terrain Vehicle Market Structure

Companies Mentioned

  • Yamaha Corporation
  • Honda Motor Co. Ltd.
  • Arctic Cat Inc.
  • Kawasaki Heavy Industries ltd
  • Suzuki Motor Corporation
  • ZHEJIANG CFMOTO POWER CO. ltd
  • Deere & Company (NYSE: DE)
  • HISUN Motors Corporation
  • Polaris Inc.

Methodology

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Table Information