All-Terrain Vehicle Market: The global market for all-terrain vehicles (ATVs) was valued at .9 billion in 2021 and is expected to reach .9 billion by 2031, growing at a rate of 4.8% annually from 2022 to 2031. ATVs are vehicles with handlebars and at least three low-pressure tires, and they come in different types – Type I for solo riders and Type II for a driver and a passenger.
The market is growing because more people are getting into adventure sports, there’s an increased demand for ATVs in the military, and governments are supporting the use of ATVs on public roads. However, restrictions in wildlife areas due to terrain damage and high maintenance costs are holding back the market.
All-Terrain Vehicle Market
COVID-19 Pandemic Effect on Market Growth
The global automotive industry, including ATVs, took a hit from the COVID-19 pandemic. A shortage of semiconductor chips caused delays in manufacturing, and production facilities had to temporarily close in response to the outbreak.
Read more: Tata Technologies IPO starts Tomorrow!
North America is expected to lead the global ATV market. This is because new ATV models are being released, there are exciting racing championships, and the government allows ATVs on roads with some rules.
The leading competitors in the global all-terrain vehicle market are:
Kwang Yang Motor Co., Ltd.
Polaris Industries, Inc.
Suzuki Motor Corporation
Yamaha Motor Co. Ltd.
Deere & Company
Hisun Motors Corp.
Honda Motor Co. Ltd.
Kawasaki Heavy Industries Ltd.
Rest of Western Europe
Rest of Europe
Japan, South Korea
Rest of Asia-Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
Table of Content
Chapter 1: Global All-terrain Vehicle Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global All-terrain Vehicle market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global All-terrain Vehicle Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global All-terrain Vehicle market Size Forecast (2023-203).
Reasons to Buy This Report
The report covers everything from an overview of the ATV industry to market dynamics, company profiles, competition among players, market size in different regions, application segments, types of ATVs, and strategies used by distributors and traders. It also looks at marketing strategies, factors affecting the market, and forecasts for the market size from 2023 to 2031.