All-terrain Vehicle Market by Type & Application (Sport, Entertainment, Agri, Military & Defense), Drive (2WD, 4WD, AWD), Engine (<400, 400-800, >800cc), Fuel, Wheel Number, Seating Capacity, Side-By-Side Vehicle and Region - Global Forecast to 2027
[231 Pages Report] The all-terrain vehicle market is estimated to grow from USD 4.3 billion in 2022 to USD 5.0 billion by 2027 at a CAGR of 2.7% over the forecast period. The demand for ATVs in agriculture and military & defense industries is expected to be the fastest. In contrast, the sports ATVs are expected to lead the market over the forecast period. Considering the increase in demand for ATVs in agriculture and military industries, the 4WD ATVs would lead the global ATV market. The global ATV market is consolidated, where the top 5 players contribute more than 75% to the market share.
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Market Dynamics
DRIVER:Increased demand for recreational activities, agriculture, and military operations.
The Number of recreational events is constantly increasing every year. Sports authorities organize the ATV championships with off-terrain ATVs in challenging national-level conditions. The US holds multiple racing events annually where participants compete for titles and rewards. World Off-Road Championship Series (WORCS) is one of the most significant racing events organized in the country. Additionally, John Deere, agricultural and farm equipment manufacturer, recently launched UTV models for farming applications. This development is owing to the high demand for UTVs by customers working in the agriculture sector for various applications. For instance, in September 2020, John Deere updated its legendary line of Gator™ Utility Vehicles (UVs). Similarly, owing to the increase in military budgets worldwide and successful applications of ATVs in military operations due to their modularity and functionality, demand for such special military ATVs will rise in the future.
RESTRAINTS: High accident rates and subsequent regulations may hamper the ATV demand.
The safety of passengers and vehicles is the prime concern for buyers and OEMs. Regulatory authorities around the world are aiming to improve vehicle safety. Often, drivers must keep an eye on the speed, navigation, and other data related to an ATV. Any distraction or ignorance from the operator may lead to major mishaps. Most of these are caused by ATV flips or rolls over. When this happens, the ATV driver and passenger can get ousted from the vehicle or pinned down by it. In general, ATVs are not designed to carry passengers at the back, but there is a common misconception surrounding the same. Doing so can put passengers and the vehicle operator at high risk of an accident. Due to these reasons, governments have led down strict safety provisions, impacting the overall demand for all-terrain vehicles across different regions.
OPPORTUNITIES: Positive outlook toward electric ATVs will create new opportunities.
The adoption of technologies related to electric ATVs has been increasing among ATV manufacturers. Leading markets for electric ATVs such as China, the US, and Germany are investing heavily in R&D infrastructure for off-road vehicles. Due to emission regulations being upgraded by various countries, most of the investments are likely to go towards developing electric powered vehicles, and the same applies to the ATV market. In 2021, Polaris launched its EV ATV, Ranger XP Kinetic, a model it developed in collaboration with the Zero motorcycles company. It has a 14.9kWH battery and can travel 45 miles on a single full charge. Polaris also partnered with a company, Qmerit, which is a residential EV charging infrastructure provider.
Similarly, Ecocharger is an all-electric ATV manufacturer in the UK. Either lead acid or lithium-ion batteries primarily drive their models. They have a strong presence in the European continent and have plans to expand dealerships across southern and central Europe. This indicates that customers demand more electric ATVs from a climate-conscious mind or compliance with the country's regulations. Nonetheless, electric ATVs will have a growing market demand in the future.
CHALLENGES: Trade barriers across different regions & high cost of ATVs.
The US and China trade barriers have also resulted in a slowdown of the two biggest economies in the world. China continues to deploy a combination of export restraints, including export quotas, export licensing, minimum export prices, export duties, and other restrictions, on the US, on several raw material inputs where it holds the leverage of being among the world's leading producers. As the US, China and EU are the biggest markets for exporting ATVs globally, costs of the vehicles get affected because of high tariffs and differences in currency exchange rates between these regions. Along with this, recent developments in the EV ATV market have pressed OEMs to invest more money in developing such products, which will likely drive the cost of EV vehicles upwards as they want to recuperate their investments. ATV model prices vary depending on feature requirements. Higher the Number of features would further add up the cost to the manufacturer resulting in a higher selling price to the customers, which in the end affects the buying behavior of the consumers.
4WD ATVs are estimated to be the largest market during the forecast period
In 4WD ATV, the engine's power is equally/differentially divided among the wheels on the front and rear axles. As 4WD ATVs provide better control capability and performance in the field, they are mainly preferred for utility activities such as farming which requires efficient pulling power. The key applications of ATVs in agriculture are inspecting crops and livestock, applying fertilizers and chemicals, marking timber, moving dirt, transporting materials, etc. 4WD are also generally used in recreational activities and offer multiple technical advantages over 2WD. For instance, 4WD offers better holdback when driving downhill, less likely to flip while uphill, better traction in slippery riding conditions, etc. Thus, considering the advantages provided by the 4WD, it leads the market and is expected to remain the dominant market in the forecast period.
Two-seat ATVs are estimated to register the highest CAGR
Two-seat ATVs are designed to carry both the rider and passenger. Two-seat ATVs are generally used for recreational riding, transporting cargo, towing, etc. These ATVs differ from sports ATVs which are smaller, lighter, and designed for fast, extreme riding. The market for two-seater ATVs is estimated to grow during the forecast period due to a shift in consumer patterns and likeliness for two-seater ATVs and their associated benefits for recreational and occupational purposes. The companies are simultaneously strategizing their designs and models to accommodate consumer buying patterns and developing the multiple-seater capacity for ATVs. In September 2021, Polaris launched RANGER SP 570, available in two-seat crew configurations with a 44 hp ProStar 570 engine and 1,500 pounds of towing capacity.
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Asia Pacific all-terrain vehicle market expected to register the highest CAGR during the forecast period
The Asia Pacific market would witness the fastest growth of ATVs over the forecast period, especially in India and China. In terms of volume, the major all-terrain vehicle countries in Asia Oceania are China and Australia, which later became the largest seller of ATVs in the region. Utility ATVs are estimated to hold the largest share of the all-terrain vehicle market in the region. Utility ATVs are multipurpose and have applications in different sectors ranging from military, agriculture, construction, forestry, etc. In addition, the increasing demand for recreational and sports activities in countries such as India and Australia would further drive the all-terrain vehicle market. The region, thus, offers lucrative opportunities and tremendous potential for all-terrain vehicle manufacturers.
All-Terrain Vehicle Ecosystem
|
COMPANY |
ROLE IN ECOSYSTEM |
|
Maxxis |
ATV Part Manufacturer |
|
Walker Evans |
ATV Part Manufacturer |
|
Proarmor |
ATV Part Manufacturer |
|
Greenball |
ATV Part Manufacturer |
|
FOX |
ATV Part Manufacturer |
|
Carlisle |
ATV Part Manufacturer |
|
ITP |
ATV Part Manufacturer |
|
Rotax |
ATV Part Manufacturer |
|
Cheng Shin Tire |
ATV Part Manufacturer |
|
Custom Axis |
ATV Part Manufacturer |
|
Elka |
ATV Part Manufacturer |
|
JRi |
ATV Part Manufacturer |
|
King |
ATV Part Manufacturer |
|
Race Tech |
ATV Part Manufacturer |
|
Works Performance |
ATV Part Manufacturer |
|
Kenda |
ATV Part Manufacturer |
|
Wanda tyres |
ATV Part Manufacturer |
|
Triangle |
ATV Part Manufacturer |
|
Kumho Tyre |
ATV Part Manufacturer |
|
Tianli |
ATV Part Manufacturer |
|
Windforce |
ATV Part Manufacturer |
|
Falken |
ATV Part Manufacturer |
|
Polaris |
OEM |
|
Honda |
OEM |
|
Yamaha |
OEM |
|
Kawasaki |
OEM |
|
Suzuki |
OEM |
|
John Deere |
OEM |
|
BRP |
OEM |
|
Hisun |
OEM |
|
Linhai |
OEM |
|
CFMOTO |
OEM |
|
American Landmaster |
OEM |
|
Baltmotors |
OEM |
Key Market Players
The all-terrain vehicle market is primarily dominated by globally established players such Polaris (USA), Honda (Japan), Can-Am (Canada), Yamaha (Japan), and Textron (USA). These companies are consistently developing new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high growth ATV market across different regions.
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:
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Attribute |
Details |
|
Base year for estimation |
2021 |
|
Forecast period |
2022 - 2027 |
|
Market Growth and Revenue forecast |
USD 5.0 Bn by 2027 at a CAGR of 2.7% |
|
Top Players |
Polaris, Honda, BRP, Yamaha, Textron |
|
Fastest Growing Application |
Agriculture, Military & Defense |
|
Largest Market |
North America |
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Segments covered | |
|
By Type |
Utility, Sports |
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By Engine Capacity |
<400CC, 401-800CC, >800CC |
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By Application |
Sports, Entertainment, Agriculture, Military & Defense, Others |
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By Number of Wheels |
4 wheels, >4 Wheels |
|
By Seating Capacity |
One-Seater, Two-Seater |
|
By Drive Type |
2WD, 4WD, AWD |
|
By Fuel Type |
Electric, Gasoline |
|
Side-by-Side Vehicles Market |
By Region |
|
By Region |
North America – US, Canada, Mexico |
|
Additional Customization to be offered |
|
This research report categorizes the all-terrain vehicle market based on type, application, seating capacity, Number of wheels, drive type, engine type, application, and region.
Recent Developments
- In July 2021, Polaris introduced their first electric drive train line up powered by 110HP, 140lb-ft torque electric motor. It features 3 drive modes for the customer to choose from and has an 80-mile drive range on a single full charge. The vehicle also supports fast charging for its battery pack.
- In October 2021, Polaris acquired new manufacturing facility at Monticello and now has in-house die casting capabilities making it a vertically integrated facility enabling better quality products and production efficiency.
- In March 2021, Honda has introduced Overhead valve (OHV) air-cooled 229cc engine, which is longitudinally mounted, for more efficient power transfer. It also features Honda SportClutch™ that enables the rider to experience manual clutch actuation and no stalling when coming to a stop. Independent double-wishbone front suspension.
- In August 2021, Textron introduced a new model named Alterra EPS 600 with new chassis design and electronic power steering (EPS). The dashboard features a Garmin GPS screen to track location, music and other members of the group without any hassle. Newly introduced design aides in keeping engine heat away from the rider.
- In June 2021, Kawasaki launched BRUTE FORCE® 750 4x4i powered by a fuel-injected 749cc V-twin engine offers high-level performance for outdoor adventures. Traction and performance are improved by with variable control front differential lock, selectable drive modes and Continuously Variable Transmission (CVT). The vehicle comes with 1,250-lb towing capacity and independent suspension.. Double-cradle steel-tube frame provides straight-line tracking and responsive handling.
- In September 2021, Yamaha designed Grizzly 90 for young ATV riders ages 10 and above. It is a sports model with low-maintenance 90cc engine that utilizes wet-sump lubrication and is air-cooled. The vehicle incorporates CVT for better transmission.
Frequently Asked Questions (FAQ):
What is the COVID-19 impact on the all-terrain vehicle market?
All-terrain vehicle production remained significantly disrupted by the COVID-19 pandemic in the initial phase across different regions but with ease in regulatory safety protocols, the North American market has registered a phenomenal recovery in demand. Overall, the market sentiments are positive and it is expected that the demand for all-terrain vehicles will rebound across regions which were hurt the most because of Covid led pandemic and subsequent restrictions on mobility.
Many companies operate in the all-terrain market space across the globe. Do you know who are the key market players, and what strategies have been adopted by them?
The all-terrain vehicle market is primarily dominated by globally established players such Polaris (USA), Honda (Japan), Can-Am (Canada), Yamaha (Japan), and Textron (USA). These companies are consistently developing new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high growth ATV market across different regions.
How would the trend of electric ATVs impact the market over the next 5 years?
The adoption of technologies related to electric ATVs has been increasing among manufacturers. Leading markets for electric ATVs such as China, US, and Germany are investing heavily in R&D infrastructure for off-road vehicles. Heavy investments from automakers are expected to cater to the growing demand for electric vehicles in agriculture, military, sports, etc. These investments would help drive the all-terrain vehicle market in the next 4–5 years
What are the key market trends impacting the growth of the all-terrain vehicle market?
The emergence of various technologies such as integrated GPS and traction control, better customization features, high torque and power capability, driver's safety features and electric fuel type are few of the trending developments which will drive the demand for all-terrain vehicles in the forecast period. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 23)
1.1 OBJECTIVES
1.2 ALL-TERRAIN VEHICLE MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
TABLE 1 SEGMENT-WISE INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 MARKET SEGMENTATION: MARKET
FIGURE 2 MARKET: BY REGION
1.4 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 27)
2.1 RESEARCH DATA
FIGURE 3 ALL-TERRAIN VEHICLE MARKET: RESEARCH DESIGN
FIGURE 4 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources to estimate base numbers
2.1.1.2 List of key secondary all-terrain vehicle sources
2.1.1.3 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques & data collection methods
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH: MARKET, BY TYPE
FIGURE 7 BOTTOM-UP APPROACH: MARKET
2.2.2 TOP-DOWN APPROACH: MARKET
FIGURE 8 TOP-DOWN APPROACH: MARKET, BY ENGINE CAPACITY
FIGURE 9 MARKET: RESEARCH DESIGN & METHODOLOGY
2.2.3 FACTOR ANALYSIS FOR ALL-TERRAIN VEHICLE MARKET SIZING: DEMAND AND SUPPLY SIDES
2.3 FACTOR ANALYSIS
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 10 DATA TRIANGULATION
2.4.1 GLOBAL ASSUMPTIONS
2.5 ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 41)
3.1 PRE- VS POST-COVID-19 SCENARIO
FIGURE 11 PRE- VS POST-COVID-19 SCENARIO: ALL-TERRAIN VEHICLE MARKET, 2018–2027 (USD MILLION)
TABLE 2 MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2027 (USD MILLION)
3.2 REPORT SUMMARY
FIGURE 12 MARKET: MARKET OUTLOOK
FIGURE 13 MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 ATTRACTIVE OPPORTUNITIES IN ALL-TERRAIN VEHICLE MARKET
FIGURE 14 INCREASING PENETRATION OF UTILITY ATVS IN AGRICULTURE AND MILITARY & DEFENSE AND GROWING POPULARITY OF SPORTS AND RECREATIONAL ACTIVITIES/CHAMPIONSHIPS TO DRIVE MARKET
4.2 MARKET, BY REGION
FIGURE 15 ASIA OCEANIA ESTIMATED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
4.3 MARKET, BY TYPE
FIGURE 16 UTILITY ATV SEGMENT EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
4.4 MARKET, BY APPLICATION
FIGURE 17 SPORT APPLICATION SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
4.5 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE
FIGURE 18 AWD SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
4.6 MARKET, BY FUEL TYPE
FIGURE 19 ELECTRIC SEGMENT PROJECTED TO REGISTER HIGHER CAGR THAN GASOLINE SEGMENT DURING FORECAST PERIOD
4.7 MARKET, BY ENGINE CAPACITY
FIGURE 20 400 TO 800CC SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
4.8 MARKET, BY NUMBER OF WHEELS
FIGURE 21 FOUR WHEELS ATVS SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
4.9 MARKET, BY SEATING CAPACITY
FIGURE 22 ONE-SEATER SEGMENT PROJECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
4.10 SIDE-BY-SIDE MARKET, BY REGION
FIGURE 23 ASIA OCEANIA PROJECTED TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
5 ALL-TERRAIN VEHICLE MARKET OVERVIEW (Page No. - 52)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing off-road recreational activities would drive demand for ATVs
5.2.1.2 Increasing demand for ATVs in agriculture and military & defense
5.2.1.3 Increasing purchasing power and spending capacity of individuals
5.2.2 RESTRAINTS
5.2.2.1 High accident rates may hamper ATV sales
TABLE 3 REPORTED FATAL INCIDENTS ASSOCIATED WITH OFF-HIGHWAY VEHICLES IN US (2020)
5.2.2.2 Restriction on ATV usage in wildlife zones may hamper ATV demand
5.2.3 OPPORTUNITIES
5.2.3.1 Increased use of technology in ATVs to drive demand
5.2.3.2 Positive outlook toward electric ATVs
5.2.4 CHALLENGES
5.2.4.1 Trade barriers between different regions
5.2.4.2 High cost of ATVs
5.3 COVID-19 IMPACT ON ATV INDUSTRY
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 25 REVENUE SHIFT FOR ALL-TERRAIN VEHICLE MARKET
5.5 MARKET SCENARIO
FIGURE 26 MARKET SCENARIO, 2018–2027 (USD MILLION)
5.5.1 MOST LIKELY/REALISTIC SCENARIO
TABLE 4 MARKET (REALISTIC SCENARIO), BY REGION, 2018–2027 (USD MILLION)
5.5.2 HIGH COVID-19 IMPACT SCENARIO
TABLE 5 MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018–2027 (USD MILLION)
5.5.3 LOW COVID-19 IMPACT SCENARIO
TABLE 6 ALL-TERRAIN VEHICLE MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2018–2027 (USD MILLION)
5.6 PRICING ANALYSIS
TABLE 7 AVERAGE PRICES OF ALL-TERRAIN VEHICLE TYPES, 2020-2022 (USD)
5.7 PATENT ANALYSIS
TABLE 8 PATENT REGISTRATIONS, 2017-2021
5.8 VALUE CHAIN ANALYSIS
FIGURE 27 VALUE CHAIN ANALYSIS: MARKET
5.9 CASE STUDY ANALYSIS
5.10 AVERAGE SELLING PRICE ANALYSIS
5.10.1 TECHNOLOGY ANALYSIS
5.10.1.1 Honda Tests Prototype Autonomous Work Vehicle at Solar Construction Site with Black & Veatch
5.11 MARKET ECOSYSTEM
TABLE 9 ALL TERRAIN VEHICLE MARKET: ECOSYSTEM
5.12 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 PORTER’S 5 FORCES IMPACT ON ALL-TERRAIN VEHICLE MARKET
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS
5.12.1 THREAT OF NEW ENTRANTS
5.12.2 THREAT OF SUBSTITUTES
5.12.3 BARGAINING POWER OF SUPPLIERS
5.12.4 BARGAINING POWER OF BUYERS
5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 TRADE ANALYSIS: SPECIALLY DESIGNED FOR TRAVELLING ON SNOW, GOLF CARS, AND SIMILAR VEHICLES
5.14 REGULATORY LANDSCAPE
TABLE 11 US: ALL-TERRAIN VEHICLE REGULATIONS
TABLE 12 CANADA: ALL-TERRAIN VEHICLE REGULATIONS
TABLE 13 AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS
6 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE (Page No. - 77)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
6.1.2 INDUSTRY INSIGHTS
6.1.3 ASSUMPTIONS
FIGURE 29 MARKET, BY DRIVE TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 14 MARKET, BY DRIVE TYPE, 2018–2021 (UNITS)
TABLE 15 MARKET, BY DRIVE TYPE, 2022–2027 (UNITS)
TABLE 16 MARKET, BY DRIVE TYPE, 2018–2021 (USD MILLION)
TABLE 17 MARKET, BY DRIVE TYPE, 2022–2027 (USD MILLION)
6.2 2WD
6.2.1 TECHNICAL CHALLENGES AND GROWING POPULARITY OF 4WD EXPECTED TO IMPACT 2WD MARKET
TABLE 18 2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 19 2WD: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 20 2WD: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 21 2WD: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 4WD
6.3.1 TECHNICAL ADVANTAGES SUCH AS BETTER TRACTION AND ABILITY TO SWITCH TO 2WD EXPECTED TO DRIVE 4WD MARKET
TABLE 22 4WD: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 23 4WD: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 24 4WD: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 4WD: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 AWD
6.4.1 GROWING TREND OF ELECTRIFICATION IN ATVS EXPECTED TO DRIVE AWD MARKET
TABLE 26 AWD: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 27 AWD: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 28 AWD: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 29 AWD: MARKET, BY REGION, 2022–2027 (USD MILLION)
7 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE (Page No. - 86)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS: BY FUEL TYPE & REGION
FIGURE 30 MARKET, BY FUEL TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 30 MARKET, BY FUEL TYPE, 2018–2021 (UNITS)
TABLE 31 MARKET, BY FUEL TYPE, 2022–2027 (UNITS)
TABLE 32 MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
TABLE 33 MARKET, BY FUEL TYPE, 2022–2027 (USD MILLION)
7.2 ELECTRIC ATV
7.2.1 DEVELOPMENTS IN BATTERIES AND LAUNCHES OF VARIOUS ELECTRIC MODELS EXPECTED TO DRIVE MARKET
TABLE 34 ELECTRIC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 35 ELECTRIC: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 36 ELECTRIC: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 37 ELECTRIC: MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 GASOLINE ATV
7.3.1 HIGHER EFFICIENCY AND WIDE APPLICATION AREA DRIVE GASOLINE ATV MARKET
TABLE 38 GASOLINE: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 39 GASOLINE: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 40 GASOLINE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 41 GASOLINE: MARKET, BY REGION, 2022–2027 (USD MILLION)
8 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY (Page No. - 93)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 INDUSTRY INSIGHTS
8.1.3 ASSUMPTIONS
FIGURE 31 MARKET, BY ENGINE CAPACITY, 2022 VS. 2027 (USD MILLION)
TABLE 42 MARKET, BY ENGINE CAPACITY, 2018–2021 (UNITS)
TABLE 43 MARKET, BY ENGINE CAPACITY, 2022–2027 (UNITS)
TABLE 44 MARKET, BY ENGINE CAPACITY, 2018–2021 (USD MILLION)
TABLE 45 MARKET, BY ENGINE CAPACITY, 2022–2027 (USD MILLION)
8.2 <400CC
8.2.1 ATVS HAVING <400CC ENGINE CAPACITY ARE USED IN SPORTS AND OFF-ROAD ACTIVITIES
TABLE 46 <400CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 47 <400CC: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 48 <400CC: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 49 <400CC: MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 400--800CC
8.3.1 HIGH DELIVERING POWER AND BETTER FUEL EFFICIENCY DRIVE THIS SEGMENT
TABLE 50 400-800CC: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 51 400-800CC: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 52 400-800CC: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 53 400-800CC: MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 > 800CC
8.4.1 ATVS WITH ENGINE CAPACITY >800CC OFFERS EXTREME POWER AND TORQUE REQUIREMENTS
TABLE 54 > 800CC: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 55 > 800CC: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 56 > 800CC: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 57 > 800CC: MARKET, BY REGION, 2022–2027 (USD MILLION)
9 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION (Page No. - 101)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 32 MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
TABLE 58 MARKET, BY APPLICATION, 2018–2021 (UNITS)
TABLE 59 MARKET, BY APPLICATION, 2022–2027 (UNITS)
TABLE 60 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 61 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9.2 SPORTS
9.2.1 POPULARITY OF SPORTS EVENTS AND CHAMPIONSHIPS TO DRIVE DEMAND
TABLE 62 SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 63 SPORTS: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 64 SPORTS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 65 SPORTS: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.3 ENTERTAINMENT
9.3.1 GROWING NUMBER OF LEISURE ENTHUSIASTS TO DRIVE DEMAND
TABLE 66 ENTERTAINMENT: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 67 ENTERTAINMENT: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 68 ENTERTAINMENT: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 69 ENTERTAINMENT: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4 AGRICULTURE
9.4.1 INCREASING FARM MECHANIZATION TO DRIVE DEMAND
TABLE 70 AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 71 AGRICULTURE: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 72 AGRICULTURE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 73 AGRICULTURE: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.5 MILITARY & DEFENSE
9.5.1 INCREASING RESEARCH AND INVESTMENTS IN DEVELOPMENT OF ATVS FOR EXTREME CONDITIONS TO DRIVE DEMAND
TABLE 74 MILITARY & DEFENSE: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 75 MILITARY & DEFENSE: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 76 MILITARY & DEFENSE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 77 MILITARY & DEFENSE: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.6 OTHER (HUNTING & FORESTRY)
9.6.1 INCREASING PENETRATION IN GOVERNMENT FOREST DEPARTMENTS & AVAILABILITY OF SEVERAL MODELS TO DRIVE DEMAND
TABLE 78 OTHER (HUNTING & FORESTRY): ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 79 OTHER (HUNTING & FORESTRY): MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 80 OTHER (HUNTING & FORESTRY): MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 81 OTHER (HUNTING & FORESTRY): MARKET, BY REGION, 2022–2027 (USD MILLION)
10 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY (Page No. - 114)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 BY SEATING CAPACITY, BY REGION: INDUSTRY INSIGHTS
10.1.3 ASSUMPTIONS
FIGURE 33 MARKET, BY SEATING CAPACITY, 2022 VS. 2027 (USD MILLION)
TABLE 82 MARKET, BY SEATING CAPACITY, 2018–2021 (UNITS)
TABLE 83 MARKET, BY SEATING CAPACITY, 2022–2027 (UNITS)
TABLE 84 MARKET, BY SEATING CAPACITY, 2018–2021 (USD MILLION)
TABLE 85 MARKET, BY SEATING CAPACITY, 2022–2027 (USD MILLION)
10.2 ONE-SEATER
10.2.1 LOWER COST OF ONE-SEAT ATVS DRIVE THIS SEGMENT
TABLE 86 ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 87 ONE-SEATER: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 88 ONE-SEATER: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 89 ONE-SEATER: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 TWO-SEATER
10.3.1 INCREASED DEMAND FOR RECREATIONAL RIDING AND TRANSPORTING CARGO DRIVE THIS SEGMENT
TABLE 90 TWO-SEATER: ALL-TERRAIN MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 91 TWO-SEATER: ALL-TERRAIN MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 92 TWO-SEATER: ALL-TERRAIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 93 TWO-SEATER: ALL-TERRAIN MARKET, BY REGION, 2022–2027 (USD MILLION)
11 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS (Page No. - 121)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 34 MARKET, BY NUMBER OF WHEELS, 2022 VS. 2027 (USD MILLION)
TABLE 94 MARKET, BY NUMBER OF WHEELS, 2018–2021 (UNITS)
TABLE 95 MARKET, BY NUMBER OF WHEELS, 2022–2027 (UNITS)
TABLE 96 MARKET, BY NUMBER OF WHEELS, 2018–2021 (USD MILLION)
TABLE 97 MARKET, BY NUMBER OF WHEELS, 2022–2027 (USD MILLION)
11.2 FOUR WHEELS
11.2.1 INCREASED SPORTS AND RECREATIONAL ACTIVITIES EXPECTED TO DRIVE THIS SEGMENT
TABLE 98 FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 99 FOUR WHEELS: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 100 FOUR WHEELS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 101 FOUR WHEELS: MARKET, BY REGION, 2022–2027 (USD MILLION)
11.3 >FOUR WHEELS
11.3.1 GROWING DEMAND FOR UTILITY ATV IN AGRICULTURE, CONSTRUCTION, MINING IS EXPECTED TO DRIVE >FOUR-WHEEL ATV MARKET
TABLE 102 >FOUR WHEELS: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 103 >FOUR WHEELS: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 104 >FOUR WHEELS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 105 >FOUR WHEELS: MARKET, BY REGION, 2022–2027 (USD MILLION)
12 ALL-TERRAIN VEHICLE MARKET, BY TYPE (Page No. - 128)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS: BY TYPE & REGION
FIGURE 35 MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 106 MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 107 MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 108 MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 109 MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.2 UTILITY ATV
12.2.1 INCREASING APPLICATION OF ATVS IN FARMS AND AGRICULTURAL PRACTICES EXPECTED TO DRIVE THIS SEGMENT
TABLE 110 UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 111 UTILITY: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 112 UTILITY: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 113 UTILITY: MARKET, BY REGION, 2022–2027 (USD MILLION)
12.3 SPORTS ATV
12.3.1 ASIA OCEANIA EXPECTED TO BE FASTEST-GROWING MARKET FOR SPORTS ATVS 133
TABLE 114 SPORTS: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 115 SPORTS: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 116 SPORTS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 117 SPORTS: MARKET, BY REGION, 2022–2027 (USD MILLION)
13 ALL-TERRAIN VEHICLE MARKET, BY REGION (Page No. - 135)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
13.1.2 ASSUMPTIONS/LIMITATIONS
13.1.3 INDUSTRY INSIGHTS
FIGURE 36 MARKET, BY REGION, 2022 VS. 2025 (USD MILLION)
TABLE 118 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 119 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 120 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 121 MARKET, BY REGION, 2022–2027 (USD MILLION)
13.2 ASIA OCEANIA
FIGURE 37 ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET (BY VALUE) SNAPSHOT
TABLE 122 ASIA OCEANIA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 123 ASIA OCEANIA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 124 ASIA OCEANIA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 125 ASIA OCEANIA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
13.2.1 CHINA
13.2.1.1 Domestic manufacturing of ATV is expected to the market
TABLE 126 CHINA: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 127 CHINA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 128 CHINA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 129 CHINA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.2.2 AUSTRALIA
13.2.2.1 ATV safety regulations to drive Australian market with modest growth
TABLE 130 AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 131 AUSTRALIA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 132 AUSTRALIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 133 AUSTRALIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.2.3 NEW ZEALAND
13.2.3.1 Increasing popularity of sports events and championships to drive sport ATV segment in New Zealand
TABLE 134 NEW ZEALAND: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 135 NEW ZEALAND: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 136 NEW ZEALAND: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 137 NEW ZEALAND: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.2.4 JAPAN
13.2.4.1 Popularity of ATVs in sports events is expected to drive ATV market in Japan
TABLE 138 JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 139 JAPAN: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 140 JAPAN: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 141 JAPAN: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.2.5 INDIA
13.2.5.1 Launches of ATV models for agricultural purposes is expected to drive market
TABLE 142 INDIA: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 143 INDIA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 144 INDIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 145 INDIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3 EUROPE
FIGURE 38 EUROPE: MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
TABLE 146 EUROPE: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 147 EUROPE: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 148 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 149 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
13.3.1 GERMANY
13.3.1.1 Increasing penetration of ATVs in military and defense is expected to drive market
TABLE 150 GERMANY: ALL-TERRAIN VEHICLE ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 151 GERMANY: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 152 GERMANY: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 153 GERMANY: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3.2 FRANCE
13.3.2.1 Increasing adoption of ATVs in construction and farming activities to drive market
TABLE 154 FRANCE: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 155 FRANCE: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 156 FRANCE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 157 FRANCE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3.3 RUSSIA
13.3.3.1 Presence of domestic players in Russia to drive market
TABLE 158 RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 159 RUSSIA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 160 RUSSIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 161 RUSSIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3.4 UK
13.3.4.1 Development of quad bike for military purposes to drive market in the UK
TABLE 162 UK: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 163 UK: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 164 UK: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 165 UK: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3.5 SPAIN
13.3.5.1 Utility ATV is the largest growing segment in Spain
TABLE 166 SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 167 SPAIN: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 168 SPAIN: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 169 SPAIN: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3.6 SWEDEN
13.3.6.1 Growing sales of utility ATVs expected to drive market in Sweden
TABLE 170 SWEDEN: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 171 SWEDEN: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 172 SWEDEN: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 173 SWEDEN: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.3.7 REST OF EUROPE
TABLE 174 REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 175 REST OF EUROPE: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 176 REST OF EUROPE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 177 REST OF EUROPE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.4 NORTH AMERICA
FIGURE 39 NORTH AMERICA: MARKET, SNAPSHOT
TABLE 178 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 179 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 180 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 181 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
13.4.1 US
13.4.1.1 High preference towards recreational activities and growing usage of ATVs in military application drive the US market
TABLE 182 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 183 US: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 184 US: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 185 US: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.4.2 CANADA
13.4.2.1 Growing popularity of off-road racing events and government efforts to legalize ATVs in some provinces drive market growth
TABLE 186 CANADA: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 187 CANADA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 188 CANADA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 189 CANADA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.4.3 MEXICO
13.4.3.1 Several cost-effective methods offered made the country a strategic hub for global off-road vehicle manufacturers
TABLE 190 MEXICO: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 191 MEXICO: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 192 MEXICO: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 193 MEXICO: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.5 REST OF THE WORLD (ROW)
FIGURE 40 ROW: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
TABLE 194 ROW: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 195 ROW: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 196 ROW: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 197 ROW: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
13.5.1 BRAZIL
13.5.1.1 Increasing penetration of ATVs in government forest departments, availability of several models to drive market
TABLE 198 BRAZIL: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 199 BRAZIL: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 200 BRAZIL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 201 BRAZIL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.5.2 UAE
13.5.2.1 Tourism is driving the demand for sports ATVs in the region
TABLE 202 UAE: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 203 UAE: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 204 UAE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 205 UAE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.5.3 SOUTH AFRICA
13.5.3.1 Utility ATV is the largest segment in South Africa driven by access to difficult terrains
TABLE 206 SOUTH AFRICA: MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 207 SOUTH AFRICA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 208 SOUTH AFRICA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 209 SOUTH AFRICA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13.5.4 SAUDI ARABIA
13.5.4.1 Sports ATV is the largest segment in Saudi Arabia
TABLE 210 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 211 SAUDI ARABIA: MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 212 SAUDI ARABIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 213 SAUDI ARABIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
14 SIDE-BY-SIDE MARKET, BY REGION (Page No. - 173)
14.1 INTRODUCTION
14.1.1 RESEARCH METHODOLOGY
14.1.2 ASSUMPTIONS
14.1.3 INDUSTRY INSIGHTS: BY REGION
FIGURE 41 SIDE-BY-SIDE MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
TABLE 214 SIDE-BY-SIDE MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 215 SIDE-BY-SIDE MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 216 SIDE-BY-SIDE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 217 SIDE-BY-SIDE MARKET, BY REGION, 2022–2027 (USD MILLION)
15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 177)
15.1 ASIA OCEANIA ESTIMATED TO BE ATTRACTIVE MARKET FOR ALL-TERRAIN VEHICLE
15.2 >800CC ATVS AND SIDE-BY-SIDE ARE EXPECTED TO CREATE NEW REVENUE POCKETS IN FUTURE
15.3 ELECTRIC ATVS EXPECTED TO OFFER ATTRACTIVE OPPORTUNITIES TO MANUFACTURERS
15.4 CONCLUSION
16 COMPETITIVE LANDSCAPE (Page No. - 179)
16.1 OVERVIEW
TABLE 218 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS KEY GROWTH STRATEGY, 2019–2021
16.2 ALL-TERRAIN VEHICLE MARKET SHARE ANALYSIS, 2020
TABLE 219 MARKET: MARKET SHARE ANALYSIS, 2020
FIGURE 42 MARKET SHARE, 2020
16.3 REVENUE ANALYSIS OF TOP 5 ALL-TERRAIN VEHICLE PLAYERS
FIGURE 43 REVENUE ANALYSIS OF TOP ALL-TERRAIN VEHICLE PLAYERS
TABLE 220 ALL-TERRAIN VEHICLE AND SIDE-BY-SIDE MARKET: COMPANY PRODUCT FOOTPRINT, 2021
TABLE 221 ALL-TERRAIN VEHICLE AND SIDE-BY-SIDE MARKET: COMPANY APPLICATION FOOTPRINT, 2021
TABLE 222 ALL TERRAIN VEHICLE MARKET: COMPANY REGION FOOTPRINT, 2020
FIGURE 44 ALL-TERRAIN VEHICLE MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021
16.4 COMPETITIVE EVALUATION QUADRANT: ALL-TERRAIN VEHICLE MANUFACTURERS
16.4.1 STAR
16.4.2 EMERGING LEADERS
16.4.3 PERVASIVE
16.4.4 PARTICIPANTS
16.5 COMPETITIVE EVALUATION QUADRANT: SIDE BY SIDE MANUFACTURERS
FIGURE 45 SIDE-BY-SIDE MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021
16.5.1 STAR
16.5.2 EMERGING LEADERS
16.5.3 PERVASIVE
16.5.4 PARTICIPANTS
16.6 COMPETITIVE SCENARIO
16.6.1 NEW PRODUCT LAUNCHES
TABLE 223 PRODUCT LAUNCHES, 2021
16.6.2 DEALS
TABLE 224 DEALS, 2021
16.6.3 EXPANSIONS, 2021
TABLE 225 EXPANSIONS, 2021
17 COMPANY PROFILES (Page No. - 191)
(Business overview, Products offered, Recent Developments, MNM view)*
17.1 KEY PLAYERS
17.1.1 POLARIS
TABLE 226 POLARIS: BUSINESS OVERVIEW
FIGURE 46 POLARIS: COMPANY SNAPSHOT
TABLE 227 POLARIS: PRODUCTS OFFERED
TABLE 228 POLARIS: NEW PRODUCT DEVELOPMENTS
TABLE 229 POLARIS: DEALS
TABLE 230 POLARIS: OTHER DEVELOPMENTS
17.1.2 HONDA
TABLE 231 HONDA: BUSINESS OVERVIEW
FIGURE 47 HONDA: COMPANY SNAPSHOT
TABLE 232 HONDA: PRODUCTS OFFERED
TABLE 233 HONDA: NEW PRODUCT DEVELOPMENTS
TABLE 234 HONDA: DEALS
17.1.3 TEXTRON
TABLE 235 TEXTRON: BUSINESS OVERVIEW
FIGURE 48 TEXTRON: COMPANY SNAPSHOT
TABLE 236 TEXTRON: PRODUCTS OFFERED
TABLE 237 TEXTRON: NEW PRODUCT DEVELOPMENTS
17.1.4 KAWASAKI
TABLE 238 KAWASAKI: BUSINESS OVERVIEW
FIGURE 49 KAWASAKI: COMPANY SNAPSHOT
TABLE 239 KAWASAKI: PRODUCTS OFFERED
TABLE 240 KAWASAKI: NEW PRODUCT DEVELOPMENTS
TABLE 241 KAWASAKI: OTHER DEVELOPMENT
17.1.5 YAMAHA
TABLE 242 YAMAHA: BUSINESS OVERVIEW
FIGURE 50 YAMAHA: COMPANY SNAPSHOT
TABLE 243 YAMAHA: PRODUCTS OFFERED
TABLE 244 YAMAHA: NEW PRODUCT DEVELOPMENT
17.1.6 SUZUKI
TABLE 245 SUZUKI: BUSINESS OVERVIEW
FIGURE 51 SUZUKI: COMPANY SNAPSHOT
TABLE 246 SUZUKI: PRODUCTS OFFERED
TABLE 247 SUZUKI: NEW PRODUCT DEVELOPMENT
17.1.7 JOHN DEERE
TABLE 248 JOHN DEERE: BUSINESS OVERVIEW
FIGURE 52 JOHN DEERE: COMPANY SNAPSHOT
TABLE 249 JOHN DEERE: PRODUCTS OFFERED
TABLE 250 JOHN DEERE: NEW PRODUCT DEVELOPMENT
17.1.8 BRP
TABLE 251 BRP: BUSINESS OVERVIEW
FIGURE 53 BRP: COMPANY SNAPSHOT
TABLE 252 BRP: PRODUCTS OFFERED
TABLE 253 BRP: NEW PRODUCT DEVELOPMENTS
17.2 ALL-TERRAIN VEHICLE MARKET – ADDITIONAL PLAYERS
17.2.1 HISUN MOTORS
TABLE 254 HISUN MOTORS: BUSINESS OVERVIEW
17.2.2 BENNCHE MOTORS
TABLE 255 BENNCHE MOTORS: BUSINESS OVERVIEW
17.2.3 AMERICAN LANDMASTER
TABLE 256 AMERICAN LANDMASTER: BUSINESS OVERVIEW
17.2.4 VELOMOTORS
TABLE 257 VELOMOTORS: BUSINESS OVERVIEW
17.2.5 ECOCHARGER
TABLE 258 ECOCHARGER: BUSINESS OVERVIEW
17.2.6 BALTMOTORS
TABLE 259 BALTMOTORS: BUSINESS OVERVIEW
17.2.7 CECTEK
TABLE 260 CECTEK: BUSINESS OVERVIEW
17.2.8 NEBULA AUTOMOTIVE
TABLE 261 NEBULA AUTOMOTIVE: BUSINESS OVERVIEW
17.2.9 TAIWAN GOLDEN BEE
TABLE 262 TAIWAN GOLDEN BEE: BUSINESS OVERVIEW
17.2.10 KYMCO
TABLE 263 KYMCO: BUSINESS OVERVIEW
17.2.11 CFMOTO
TABLE 264 CFMOTO: BUSINESS OVERVIEW
17.2.12 LINHAI
TABLE 265 LINHAI: BUSINESS OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
18 APPENDIX (Page No. - 222)
18.1 CURRENCY & PRICING
TABLE 266 CURRENCY EXCHANGE RATES (WRT PER USD)
18.2 INSIGHTS OF INDUSTRY EXPERTS
18.3 DISCUSSION GUIDE
18.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.5 AVAILABLE CUSTOMIZATIONS
18.5.1 SIDE-BY-SIDE VEHICLE MARKET, BY APPLICATION
18.5.1.1 Sports
18.5.1.2 Entertainment
18.5.1.3 Agriculture
18.5.1.4 Military & defense
18.5.1.5 Others (Hunting & forestry)
18.5.2 SIDE BY SIDE VEHICLE MARKET, BY FUEL TYPE
18.5.2.1 Gasoline
18.5.2.2 Diesel
18.5.2.3 Electric
18.5.3 SIDE BY SIDE VEHICLE MARKET, BY REGION
18.5.3.1 Asia Oceania
18.5.3.2 Europe
18.5.3.3 North America
18.5.3.4 Rest of the World
18.6 RELATED REPORTS
18.7 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the all-terrain vehicle market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
The all-terrain vehicle market is directly dependent on vehicle production. all-terrain vehicle sales/registrations volume was derived through secondary sources such as automotive industry organizations; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, paid repository, and automotive associations such as Motorcycle Industry Council, Abraciclo, Agricultural Engineers Association (AEA), Canadian Off-Highway Vehicle Distributors Council, etc. Historical sales/registrations data was collected and analyzed, and the industry trend was considered to arrive at the forecast, which was further validated by primary research.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, and product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews were conducted to gather insights such as all-terrain vehicle sales/registrations and forecast, all-terrain vehicle market forecast, future technology trends, and upcoming technologies in the all-terrain vehicle industry. Data triangulation of all these points was carried out with the information gathered from secondary research as well as model mapping. Stakeholders from the demand as well as supply sides were interviewed to understand their views on the points mentioned above.
Primary interviews were conducted with market experts from both the demand (all-terrain vehicle solution and service providers) and supply sides across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Approximately 90% and 10% of primary interviews were conducted from the supply side and others, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report.
After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value of the all-terrain vehicle market and other dependent submarkets, as mentioned below:
- Key players in the all-terrain vehicle market for automotive were identified through secondary research, and their global market shares were determined through primary and secondary research.
- The research methodology included a study of annual and quarterly financial reports and regulatory filings of major market players (public) as well as interviews with industry experts for detailed market insights.
- All industry-level penetration rates, percentage shares, splits, and breakdowns for the all-terrain vehicle market for automotive were determined using secondary sources and verified through primary sources.
- All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
- The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges were taken into consideration while calculating and forecasting the market size.
Bottom-Up Approach: All-Terrain Vehicle Market, by Type and Region
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Top-Down Approach: By Seating Capacity, Number of Wheels, Drive Type, Engine Capacity, Application, Fuel Type
Data Triangulation
- After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, segment, analyze, and forecast (2022–2027) the all-terrain vehicle market size, in terms of volume (units) and value (USD million) based on:
- Type (utility ATV and sport ATV)
- Application (sport, entertainment, agriculture, military & defense, and others)
- Seating Capacity (one seat and two seats)
- Number of Wheels (four wheel and >four wheels)
- Drive Type (2WD, 4WD, and AWD)
- Engine Capacity (<400cc, 400–800cc, and >800cc)
- Fuel Type (Gasoline and Electric)
- Region (North America, Europe, Asia Pacific, and the Rest of the World (RoW))
- Side-by-Side (North America, Europe, Asia Pacific)
- To analyze the impact of COVID-19 on the all-terrain vehicle market (pre-COVID-19 vs. post-COVID-19)
- To analyze the most likely, low-impact, and high-impact scenarios of COVID-19 on the market
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the all-terrain vehicle market
- To study the following with respect to the market
- Value Chain Analysis
- Ecosystem
- Porter’s Five Forces Analysis
- Technology Analysis
- Trade Analysis
- Case Study Analysis
- Patent Analysis
- Regulatory Landscape
- To estimate the following with respect to the market
- Average Selling Price Analysis
- Market Share Analysis
- Ranking Analysis of Top 5 Players
- COVID-19 Market Scenario Analysis
- To analyze the market ranking of key players operating in the all-terrain vehicle market
- To analyze the competitive landscape and prepare a competitive leadership mapping/ranking quadrant for the global players operating in the all-terrain vehicle market
- To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the all-terrain vehicle market
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with a company’s specific needs.
Side By Side Vehicle Market, By Application
- Sports
- Entertainment
- Agriculture
- Military & Defense
- Others (Hunting & Forestry)
Side By Side Vehicle Market, By Fuel Type
- Gasoline
- Diesel
- Electric
Side By Side Vehicle Market, By Region
- Asia Pacific
- Europe
- North America
- ROW
Note: The countries would be covered: Asia Pacific (China, Australia, New Zealand, India, and Japan), Europe (Germany, France, UK, Spain, Sweden, Russia, and Rest of Europe), North America (US, Canada, and Mexico), and the Rest of World (South Africa, UAE, Saudi Arabia, and Brazil)
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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Growth opportunities and latent adjacency in All-terrain Vehicle Market
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Interested in All-terrain vehicle to understand the electrification trend in ATV and by when it will have a considerable impact on conventional fuel engines