Product Code: SR112024A1952
The global all-terrain vehicle (ATV) market size reached US$ 4.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032.
An all-terrain vehicle (ATV) refers to a motorized single-seated tri or quadricycle bike and buggy that is designed for off-road travel and activities. The vehicle consists of handlebars and low-pressure tires that have deep-threaded structures, which assist in driving over muddy, rocky, wetlands and dune topologies. In comparison to other utility vehicles (UTVs), ATVs offer excellent off-road capabilities and can carry heavy equipment over long distances and narrow access points. They can also be customized for high-performance riding, owing to which they find extensive applications across various industries, including sports, entertainment, agriculture, military and defence.
Increasing consumer preference for off-road recreational activities and adventure sports is one of the key factors driving the growth of the market. With the advancements in automotive infotainment systems, vendors are offering ATVs with GPS tracking and Bluetooth connectivity systems, thereby enhancing the overall driving experience. Furthermore, widespread product adoption by the agriculture industry is also providing a boost to the market growth. ATVs are widely utilized for conducting farm-related activities, such as field ploughing, weed control, animal handling and transportation of materials. Additionally, various technological advancements, including the development of electric quad bikes and the installation of improved steering systems, hydraulic pump connections, joystick controls and graphic displays in ATVs, are also contributing to the market growth. Other factors creating a positive impact on the market include a significant increase in the tourism industry, rapid urbanization and rising expenditure capacities of the consumers.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global all-terrain vehicle market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application, engine type, no. of wheels, drive type, fuel type and seating capacity.
Breakup by Type:
Utility ATV
Sport ATV
Recreational ATV
Others
Breakup by Application:
Sports
Entertainment
Agriculture
Military & Defence
Others
Breakup by Engine Type:
Below 400 cc
400 - 800 cc
Above 800 cc
Breakup by No. of Wheels:
Three Wheels
Four Wheels
>Four Wheels
Breakup by Drive Type:
2WD
4WD
AWD
Breakup by Fuel Type:
Electric ATV
Gasoline ATV
Breakup by Seating Capacity:
One Seat
Two or More Seats
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Polaris Industries Inc. ,Honda Motor Co. Ltd. ,Kawasaki Heavy Industries ,Yamaha Motor Corporation ,Suzuki Motor Corporation , KYMCO , Deere & Company (John Deere) ,Arctic Cat Inc. ,Bombardier Recreational Products (BRP) , CFMOTO , CECTEK ,HiSun Motors , Linhai and Taiwan Golden Bee.
Key Questions Answered in This Report:
- How has the global all-terrain vehicle market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global all-terrain vehicle market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the engine type?
- What is the breakup of the market based on the number of wheels?
- What is the breakup of the market based on the drive type?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the seating capacity?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global all-terrain vehicle market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global All-terrain Vehicle Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Utility ATV
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Sport ATV
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Recreational ATV
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Sports
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Entertainment
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Agriculture
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Military & Defence
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Engine Type
- 8.1 Below 400 cc
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 400 - 800 cc
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Above 800 cc
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by No. of Wheels
- 9.1 Three Wheels
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Four Wheels
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 >Four Wheels
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Drive Type
- 10.1 2WD
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 4WD
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 AWD
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Fuel Type
- 11.1 Electric ATV
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Gasoline ATV
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
12 Market Breakup by Seating Capacity
- 12.1 One Seat
- 12.1.1 Market Trends
- 12.1.2 Market Forecast
- 12.2 Two or More Seats
- 12.2.1 Market Trends
- 12.2.2 Market Forecast
13 Market Breakup by Region
- 13.1 North America
- 13.1.1 United States
- 13.1.1.1 Market Trends
- 13.1.1.2 Market Forecast
- 13.1.2 Canada
- 13.1.2.1 Market Trends
- 13.1.2.2 Market Forecast
- 13.2 Asia Pacific
- 13.2.1 China
- 13.2.1.1 Market Trends
- 13.2.1.2 Market Forecast
- 13.2.2 Japan
- 13.2.2.1 Market Trends
- 13.2.2.2 Market Forecast
- 13.2.3 India
- 13.2.3.1 Market Trends
- 13.2.3.2 Market Forecast
- 13.2.4 South Korea
- 13.2.4.1 Market Trends
- 13.2.4.2 Market Forecast
- 13.2.5 Australia
- 13.2.5.1 Market Trends
- 13.2.5.2 Market Forecast
- 13.2.6 Indonesia
- 13.2.6.1 Market Trends
- 13.2.6.2 Market Forecast
- 13.2.7 Others
- 13.2.7.1 Market Trends
- 13.2.7.2 Market Forecast
- 13.3 Europe
- 13.3.1 Germany
- 13.3.1.1 Market Trends
- 13.3.1.2 Market Forecast
- 13.3.2 France
- 13.3.2.1 Market Trends
- 13.3.2.2 Market Forecast
- 13.3.3 United Kingdom
- 13.3.3.1 Market Trends
- 13.3.3.2 Market Forecast
- 13.3.4 Italy
- 13.3.4.1 Market Trends
- 13.3.4.2 Market Forecast
- 13.3.5 Spain
- 13.3.5.1 Market Trends
- 13.3.5.2 Market Forecast
- 13.3.6 Russia
- 13.3.6.1 Market Trends
- 13.3.6.2 Market Forecast
- 13.3.7 Others
- 13.3.7.1 Market Trends
- 13.3.7.2 Market Forecast
- 13.4 Latin America
- 13.4.1 Brazil
- 13.4.1.1 Market Trends
- 13.4.1.2 Market Forecast
- 13.4.2 Mexico
- 13.4.2.1 Market Trends
- 13.4.2.2 Market Forecast
- 13.4.3 Others
- 13.4.3.1 Market Trends
- 13.4.3.2 Market Forecast
- 13.5 Middle East and Africa
- 13.5.1 Market Trends
- 13.5.2 Market Breakup by Country
- 13.5.3 Market Forecast
14 SWOT Analysis
- 14.1 Overview
- 14.2 Strengths
- 14.3 Weaknesses
- 14.4 Opportunities
- 14.5 Threats
15 Value Chain Analysis
16 Porters Five Forces Analysis
- 16.1 Overview
- 16.2 Bargaining Power of Buyers
- 16.3 Bargaining Power of Suppliers
- 16.4 Degree of Competition
- 16.5 Threat of New Entrants
- 16.6 Threat of Substitutes
17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 Polaris Industries Inc.
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.1.3 Financials
- 17.3.1.4 SWOT Analysis
- 17.3.2 Honda Motor Co. Ltd.
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.2.3 Financials
- 17.3.2.4 SWOT Analysis
- 17.3.3 Kawasaki Heavy Industries
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.3.3 Financials
- 17.3.3.4 SWOT Analysis
- 17.3.4 Yamaha Motor Corporation
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.4.3 Financials
- 17.3.4.4 SWOT Analysis
- 17.3.5 Suzuki Motor Corporation
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.5.3 Financials
- 17.3.5.4 SWOT Analysis
- 17.3.6 KYMCO
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.7 Deere & Company (John Deere)
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.7.3 Financials
- 17.3.7.4 SWOT Analysis
- 17.3.8 Arctic Cat Inc.
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.9 Bombardier Recreational Products (BRP)
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.10 CFMOTO
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.10.3 Financials
- 17.3.11 CECTEK
- 17.3.11.1 Company Overview
- 17.3.11.2 Product Portfolio
- 17.3.12 HiSun Motors
- 17.3.12.1 Company Overview
- 17.3.12.2 Product Portfolio
- 17.3.13 Linhai
- 17.3.13.1 Company Overview
- 17.3.13.2 Product Portfolio
- 17.3.13.3 Financials
- 17.3.14 Taiwan Golden Bee
- 17.3.14.1 Company Overview
- 17.3.14.2 Product Portfolio