All-terrain Vehicle Market - Global Industry Analysis

Global All-terrain Vehicle Market: Overview

An all-terrain vehicle is a motorized machine designed for commuting. The all-terrain vehicles are fitted with handlebars and four low-pressure tires. Such vehicles are known for their off-road capabilities and innovative maneuverability that cater to a wide number of applications in sports, agriculture, forestry, military, and other sectors. These vehicles are handled distinctively and need some amount of professional training to drive them safely. It is primarily categorized into two segments, type one category includes the ones that are used for the single rider without any passenger and type two is designed to be used by riders along with passengers.

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Global All-terrain Vehicle Market: Growth Factors

The increasing popularity of outdoor entertainment and leisure activities like adventure parks and off-road sports activities boost the demand for all-terrain vehicles all across the globe. The growing disposable income of the people in developed and developing regions is fueling their purchasing power and thereby is likely to drive the growth of the global all-terrain vehicle market. These vehicles are widely used in off-road environments. But, nowadays several regions are permitting the utilization of these vehicles on public roads as well. Such vehicles have significantly gained popularity in recent years due to their access to remote areas and wide utilization for equipment supplies conveniently. They have several advantages over the traditional transport system used for various types of transportations. These are effectively used in army, marine, and military ground units. These vehicles are more in demand due to their sturdy design that facilitates better protection from harsh environmental conditions. The ongoing technological advancements are likely to improve the user-friendliness of the vehicles, which in turn will stimulate the adoption of these vehicles for entertainment and leisure purposes.

Global All-terrain Vehicle Market: Segmentation

The global all-terrain vehicle market can be segmented into agriculture, engine, and region.

By application, the market can be segmented into military & defense, recreational, sports, and agriculture. The recreational segment accounts for the largest share in the global all-terrain vehicle market due to the growing number of hiking and camping activities all across the globe. Moreover, the growing government initiatives to encourage the adoption of these vehicles further propel the growth of the segment. The government is providing grants for the individuals involved in rough terrain and off-road activities.

By engine, the market can be segmented into below 400 CC, 400 CC to 800 CC, and above 800 CC. The 400 CC – 800 CC segment holds the largest share in the global all-terrain vehicle market due to its growing demand for utility purposes. Also, the vehicles under this ability range possess a huge amount of storage space and are widely utilized for hauling equipment and supplies. However, the above 800cc segment is expected to register a significant growth rate in the forthcoming years due to the increase in trailing activities all across the globe. The off-training activities with high engine displacement capabilities to facilitate advanced abilities like torque will enable participants to have a competitive edge over others.

Global All-terrain Vehicle Market: Regional analysis

North America accounts for the largest share in the global all-terrain vehicle market due to the higher disposable income of the people in the region. Moreover, the government regulations that aim to encourage the utilization of all-terrain vehicles are likely to propel the growth of the regional market in the forthcoming years.

Europe is anticipated to witness significant growth in the forthcoming years due to the growing demand for off-road vehicles for military and agriculture applications. The growing safety requirements and standards along with effective testing methods regarding the emission from non-road mobile machinery vehicles is further likely to escalate the growth of the regional market in the forthcoming years.

Global All-terrain Vehicle Market: Competitive Players

Some of the significant players in the global all-terrain vehicle market are Arctic Cat Inc., Yamaha Motor Corporation, Bombardier Recreational Products (BRP), American Honda Motor Co., Inc., and Polaris Inc.

Global All-terrain Vehicle Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.