All-Terrain Vehicle Market - Trends Forecast Till 2028

All-Terrain Vehicle Market By Application (Sports, Agriculture, Entertainment, Military & Defense, Hunting & Forestry), Type (Utility ATV, Sport ATV), Drive Type (2WD, 4WD, AWD), Seating Capacity (One Seat, Two Seats), Number Of Wheels (Four Wheels, More Than Four Wheels), Fuel Type (Gasoline, Electric ATV), Engine Type (400 CC, 400-800CC, Above 800 CC) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2021

Base Year Estimate: 2020

Report ID: D-AU-ATVM-84

Format:  

Number of Pages: 311

Domain: Automotive

All-Terrain Vehicle Market – Trends Forecast Till 2028

Global All-Terrain Vehicle Market is anticipated to reach USD 4.8 billion in 2028 growing at a CAGR of 2.6% during the forecasting period 2021-2028

An all-terrain vehicle (ATV), also known as a light utility vehicle (LUV) is designed to handle a wider variety of terrain than most other vehicles. These vehicles are operated like a motorcycle, but the extra wheels give more stability at slower speeds. Although most are equipped with three or four wheels, six-wheel models exist for specialized applications. Utility terrain vehicles (UTVs) have multiple-user analogs with side-by-side seating.

Increment in off-road recreational activities to boost the demand for ATVs, growing demand for ATVs in Agriculture and Military & Defense, Increasing purchasing power, and spending capacity of individuals are some of the factors that have supported long-term expansion for the Global All-Terrain Vehicle market.

All-Terrain Vehicle Market – Trends Forecast Till 2028

The global All-Terrain Vehicle market is segmented into application, type, drive type, fuel type, number of wheels, seating capacity, engine type, and geography.

Application segment is segmented into Sports, Agriculture, Entertainment, Military & Defense, and Hunting & Forestry.

Type segment is segmented into Utility ATV, Sport ATV. 

Drive type segment is segmented into 2WD, 4WD, AWD. 

Seating capacity is segmented into one seat, two seats. The number of wheels segment is segmented into four wheels, more than four wheels.

Fuel type segment is segmented into gasoline, electric ATV. The engine type segment is segmented into 400 CC, 400-800CC, above 800 CC.

Geographically, the global All-Terrain Vehicle market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America, and insights are provided for each region and major countries within the regions

Key players in the global All-Terrain Vehicle market are Polaris, Textron, Honda, Kawasaki, Suzuki, and BRP among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Global All-Terrain Vehicle market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Global All-Terrain Vehicle market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Global All-Terrain Vehicle market.

Primary Respondent breakdown is given below:

Primary Respondent

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global All-Terrain Vehicle market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the Global All-Terrain Vehicle market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 4.8 billion

Growth Rate

CAGR of 2.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Platform, Application, End-User, Point Of Sale, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Polaris, Textron, Honda, Kawasaki, Suzuki, and BRP among others

Available Customization 

In addition to the market data for the Global All-Terrain Vehicle market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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