All-terrain Vehicle Market

All-terrain Vehicle Market worth $5.0 billion by 2027

The report "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", size is projected to reach USD USD 5.0 billion by 2027, from an estimated USD 4.3 billion in 2022, at a CAGR of 2.7%, from 2022 to 2027. increasing demand for all-terrain vehicles in agriculture, military & defense, and recreation is driving the growth of the all-terrain vehicle market. Also, the increased purchasing power and spending capacity of individuals and societies for leisure and adventure vehicles would increase the sales of all-terrain vehicles, which would drive the market for all-terrain vehicles.

Browse 266 market data Tables and 53 Figures spread through 231 Pages and in-depth TOC on "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"
View detailed Table of Content here -

“Sports to be the fastest segment, by type

The sports segment is projected to be the fastest in the all-terrain vehicle market by type. ATVs used in sports feature energetic engines and long-travel suspension for a better handling experience. Riders prefer sport ATVs, especially in ATV championships. Their high-power engine and torque make them distinctive. The engine capacity of sport ATVs ranges from 100 to 1000cc. Also, sport ATVs can be modified and equipped with different accessories to design a unique style and power. The shifting skills and handling features make these types of ATVs ideal for sporting activities. The shifting skills and handling features make these types of ATVs exclusive for sporting activities. Almost every major player in the industry provides a wide range of customization options to customers to make their ATVs faster, agile and swift on racing tracks. Yamaha Raptor 700R SE, YXZ1000R SE, and YFZ450R SE are some of the popular sport ATV models available in the market. Sportsman XP 1000S, Scrambler 850, Scrambler XP 1000 S Limited Edition are some of the Polaris sports ATVs. Thus, the increase in recreational activities in the tourism sector is driving the growth of ATV market in sports applications globally.

“>800cc to be the fastest-growing market for All-terrain vehicles, by Engine Type”

The >800cc engine is the fastest growing engine type segment that ultimately defines the ATV power and efficiency. A >800cc engine ATV is used in loading, transporting, and heavy activities. OEMs and manufacturers are investing heavily in the development of improved engines with better horsepower and torque. Various developments with respect to vehicle design have been undertaken by OEMs to install high power engines. Moreover, the demand for >800cc engine variant ATVs is exponentially growing due to its usage in many heavy-duty applications.

The >800cc engine has a high demand in sports, recreation, agriculture, mining, and construction. Asia Oceania is the largest 400 to 800 cc is expected to be the fastest growing ATV market. The growing popularity of Polaris, Can-Amp, Yamaha in the region and product launches in this engine capacity is expected to drive the market. North America is the largest 400 to 800 cc market as majority of ATVs sales are sold in this range of engine capacity.Thus, >800cc engine type is estimated to be the fastest growing market for all-terrain vehicles, by engine type.

Asia Pacific to be the fastest growing market for All-terrain vehicles”

The major all-terrain vehicle countries in Asia Oceania are China, Australia. Australia is the largest seller of ATVs in the region. Utility ATVs are estimated to hold the largest share of the all-terrain vehicle market, by type, in the region. Utility ATVs are multipurpose and can be used in different applications such as military, agriculture, construction, forestry, etc. The region, thus, offers lucrative opportunities for all-terrain vehicle manufacturers. 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.

OEMs such as Honda Motors (Japan) and Kawasaki (Japan) have manufacturing units in the Asia Oceania region. Factors such as increasing GDP, rising per capita income, low production costs, availability of cheap labor, and government initiatives for FDIs have created growth opportunities in the Asia Oceania region. The region has a higher growth potential than matured markets such as North America and Europe, which encourages the growth of the all-terrain vehicle market.

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.

Don’t miss out on business opportunities in All-terrain Vehicle Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

All-terrain Vehicle Market Size,  Share & Growth Report
Report Code
AT 7165
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the All-terrain Vehicle Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2023 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets