All-Terrain Vehicle Market is expected to generate a revenue of USD 1.91 Billion by 2030, Globally, at 4.75% CAGR: Verified Market Research®

News provided by

Jan 30, 2023, 08:00 ET

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global All-Terrain Vehicle Market.

JERSEY CITY, N.J. , Jan. 30, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "All-Terrain Vehicle Market" By Product Type (Sport UTV, Utility ATV), By Engine-Type (Below 400cc, 400-800cc), By Application (Sports and Leisure, Agriculture Industry), and By Geography.

As per the deep research carried out by Verified Market Research®, the global All-Terrain Vehicle Market size was valued at USD 1.26 Billion in 2021 and is projected to reach USD 1.91 Billion by 2030, growing at a CAGR of 4.75% from 2023 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=32995

Browse in-depth TOC on "All-Terrain Vehicle Market"

202 - Pages
126 – Tables
37 – Figures

Global All-Terrain Vehicle Market Overview

Because of the increased demand for adventure and sports, as well as recreational activities, the All-Terrain Vehicle Market is booming. Furthermore, the market expansion is fueled by an individual's increasing disposable income. Furthermore, the growing demand for ATVs in the military defense and agriculture sectors is putting upward pressure on market growth. However, worries about safety as a result of rising accident rates are projected to stifle market expansion.

The market demand is being fueled by all-terrain vehicles' high power and torque. The ATV industry will grow as the number of desert events, ATV championships, adventure trails, and parks grow. Furthermore, strong government backing for the development of off-road vehicle adventure routes is expected to boost market growth. The US Forest Service, for example, launched the Travel Management and Off-Highway Vehicle program to improve awareness about trail availability.

Increased investments to increase vehicle performance, such as better output, torque, and maneuverability, will propel the industry forward. Electric drive trains can handle a wider range of terrains and provide improved stability, thanks to technological developments. In addition, manufacturers are progressively adding models with high-end stereos, GPS screens, and comfortable upholstery to smooth out the ride across difficult terrains.

During the first six months of the COVID-19 pandemic, the ATV market suffered a setback. During the first half of last year, the global lockdown and travel restrictions enforced by government authorities resulted in a sharp drop in motorsports and leisure activities. However, since the previous quarter, the ATV industry has seen a rapid increase in unit shipments, owing to a shift in customer demand for sports activities.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global All-Terrain Vehicle Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global All-Terrain Vehicle Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Polaris Inc., Honda Motor Company, Ltd, Textron Inc., Kawasaki, Suzuki Motor Corporation, Yamaha Motor Company Limited, KTM AG, BRP Inc., CFMoto, Linhai, Arctic Cat, Hisun, TGB, Kymco.

Based on the research, Verified Market Research® has segmented the global All-Terrain Vehicle Market into Product Type, Engine-Type, Application, and Geography.

All-Terrain Vehicle Market, by Product Type

Sport ATV
Utility ATV

All-Terrain Vehicle Market, by Engine-Type

Below 400cc
400-800cc
Above 800cc

All-Terrain Vehicle Market, by Application

Sports and Leisure
Agriculture Industry
Out-door Work
Military Forces
Others

All-Terrain Vehicle Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

Browse Related Reports:

Power Sports Aftermarket Market By Vehicle (Side by Side Vehicles, All-Terrain Vehicles), By Sales Channel (Online, Offline), By Geography, And Forecast

Off Road Motorcycle Tires Market By Type (Hard Terrain Tires, Intermediate Terrain Tires), By Geography, And Forecast

ATV and SxS Market By Type (All-terrain vehicle (ATV), Side by Side (SxS)), By Vehicle-Type (Sports, Utility), By Geography, And Forecast

All Terrain Vehicle Consumption Market By Product (Sports ATV, Utility ATV), By Application (Sports, Entertainment, Agriculture, Military and Defense, Forestry), By Geography, And Forecast

Top Off Highway Electric Vehicle Companies making pavements an optional route

Visualize All-Terrain Vehicle Market using Verified Market Intelligence:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

SOURCE Verified Market Research