All-Terrain Vehicle Market - Trends Forecast Till 2028

Market Overview

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.

Key Findings

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

Competitive Landscape

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

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