Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.01 Billion | USD 7.05 Billion | 5.8% | 2024 |
FrequentlyAsked Questions
All terrain vehicles (ATVs) are also known as quad bikes or light utility vehicles (LUVs). As defined by the American National Standard of Institute, they are vehicles that run on low pressures and consist of seats that are straddled by the rider along with handlebars that help the person operating the vehicle control the steering wheel. ATVs are designed in a way that allows the vehicle to be driven on different types of terrain unlike most of the other vehicles that are designed for specific types of landscape.
The global all terrain vehicles market is expected to grow due to increasing demand across agriculture, military, and recreational sectors, rising disposable incomes, and technological advancements such as electric and GPS-integrated models.
According to a study, the global all terrain vehicles market size was worth around USD 4.01 Billion in 2024 and is expected to reach USD 7.05 Billion by 2034.
The global all terrain vehicles market is expected to grow at a CAGR of 5.8% during the forecast period.
North America is expected to dominate the all terrain vehicles market over the forecast period.
Leading players in the global all terrain vehicles market include Polaris Inc., American Honda Motor Co., Inc., Yamaha Motor Co., Ltd., BRP, Kawasaki Heavy Industries, Ltd., Arctic Cat Inc., CFMOTO, Suzuki Motor USA, LLC., KYMCO, HISUN, among others.
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