All-terrain vehicle market to grow by 7.24% Y-O-Y from 2022 to 2023: Growing use of ATVs in recreational, sports, and military applications will drive growth - Technavio

NEW YORK, Dec. 12, 2022 /PRNewswire/ -- 

All-terrain vehicle market insights -

• Vendors: 15+, Including BMS Motorsports Inc., Bombardier Recreational Products Inc., HISUN Motors Corp., Honda Motor Co. Ltd, Kayo USA, Kubota Corp., Massimo Motor Sports LLC, Nebula Automotive Pvt. Ltd., Polaris Inc., SHERP, Suzuki Motor Corp., Taiwan Golden Bee Co. Ltd., Tao Motor Inc., Textron Inc., TOMCAR, Yamaha Motor Co. Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Engine Capacity, Application, and Geography

To understand more about the all-terrain vehicle market, request a sample report

In 2017, the all-terrain vehicle market was valued at USD 3043.45 million. From a regional perspective, North America held the largest market share, valued at USD 1,514.12 million. The all-terrain vehicle market size is estimated to grow by USD 1,660.92 million from 2022 to 2027 at a CAGR of 7.59% according to Technavio.

All-terrain vehicle market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a report sample!

All-terrain vehicle market - Vendor Insights

The global all-terrain vehicle market is fragmented with the presence of several vendors. Some of the existing vendors have managed to achieve economies of scale, owing to their presence in the market for a fairly long period and the increasing demand for their offerings. As existing vendors have already achieved cost advantages, it is difficult for new vendors to compete with them. Also, the moderate product differentiation among the existing vendors is making it difficult for new vendors to gain a larger market share. Hence, the threat of new entrants is low in 2022 and is expected to remain the same during the forecast period. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

• HISUN Motors Corp. - The company offers all terrain vehicles such as side by side, recreational ATVs
• Honda Motor Co. Ltd - The company offers all terrain vehicles such as recreational ATVs
• Massimo Motor Sports LLC - The company offers various products such as farm and ranch-tested utility UTVs, recreational ATVs, and Americana style mini-bikes.

All-terrain vehicle market - Market Dynamics

Major Drivers:

• Growing use of ATVs in recreational, sports, and military applications
• Increasing demand for ATVs for recreational and adventurous sports activities
• Rising demand for ATVs

Key Challenges:

• Environmental concerns due to the increasing use of ATVs
• Legal limitations associated with off-road vehicles
• Lack of global acceptance as street-legal vehicles

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The all-terrain vehicle market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why buy?

• Add credibility to strategies
• Analyze competitor's offerings
• Get a holistic view of the market

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What are the key data covered in this all-terrain vehicle market report?

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the all-terrain vehicle market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America.
• A thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of all-terrain vehicle market vendors.

Related Reports:

• The automotive four-wheel drive vehicle market is estimated to grow at a CAGR of 3.85% between 2022 and 2027. The size of the market is forecast to increase by 2423.33 thousand units. The benefits associated with the electrification of four-wheel drive components are notably driving the automotive four-wheel drive vehicle market growth, although factors such as operational issues and high maintenance costs due to poor fuel efficiency may impede the market growth.
• The utility vehicle market size is expected to increase to 9300 thousand units from 2021 to 2026, at a CAGR of 4.77%. The increase in penetration of the AWD and 4WD vehicles is notably driving the utility vehicle market growth, although factors such as the decrease in production and sale of automobiles may impede the market growth.

Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Engine Capacity
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global all-terrain vehicle market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global all-terrain vehicle market 2017 - 2021 ($ million)

• 4.2 Engine capacity Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Engine capacity Segment 2017 - 2021 ($ million)

• 4.3 Applicaton Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Applicaton Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Engine Capacity

• 6.1 Market segments
• Exhibit 30: Chart on Engine Capacity - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Engine Capacity - Market share 2022-2027 (%)

• 6.2 Comparison by Engine Capacity 
• Exhibit 32: Chart on Comparison by Engine Capacity
• Exhibit 33: Data Table on Comparison by Engine Capacity

• 6.3 400cc-800cc - Market size and forecast 2022-2027 
• Exhibit 34: Chart on 400cc-800cc - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on 400cc-800cc - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on 400cc-800cc - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on 400cc-800cc - Year-over-year growth 2022-2027 (%)

• 6.4 Below 400cc - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Below 400cc - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Below 400cc - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Below 400cc - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Below 400cc - Year-over-year growth 2022-2027 (%)

• 6.5 Above 800cc - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Above 800cc - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Above 800cc - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Above 800cc - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Above 800cc - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Engine Capacity 
• Exhibit 46: Market opportunity by Engine Capacity ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Recreational - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Recreational - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Recreational - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Recreational - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Recreational - Year-over-year growth 2022-2027 (%)

• 7.4 Sports - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Sports - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Sports - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Sports - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Sports - Year-over-year growth 2022-2027 (%)

• 7.5 Agriculture - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Agriculture - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Agriculture - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Agriculture - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Agriculture - Year-over-year growth 2022-2027 (%)

• 7.6 Military and defense - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Military and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Military and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Military and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Military and defense - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 Australia - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Australia - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Australia - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Bombardier Recreational Products Inc. 
• Exhibit 120: Bombardier Recreational Products Inc. - Overview
• Exhibit 121: Bombardier Recreational Products Inc. - Business segments
• Exhibit 122: Bombardier Recreational Products Inc. - Key offerings
• Exhibit 123: Bombardier Recreational Products Inc. - Segment focus

• 12.4 HISUN Motors Corp.
• Exhibit 124: HISUN Motors Corp. - Overview
• Exhibit 125: HISUN Motors Corp. - Product / Service
• Exhibit 126: HISUN Motors Corp. - Key offerings

• 12.5 Honda Motor Co. Ltd
• Exhibit 127: Honda Motor Co. Ltd - Overview
• Exhibit 128: Honda Motor Co. Ltd - Business segments
• Exhibit 129: Honda Motor Co. Ltd - Key news
• Exhibit 130: Honda Motor Co. Ltd - Key offerings
• Exhibit 131: Honda Motor Co. Ltd - Segment focus

• 12.6 Kawasaki Heavy Industries Ltd. 
• Exhibit 132: Kawasaki Heavy Industries Ltd. - Overview
• Exhibit 133: Kawasaki Heavy Industries Ltd. - Business segments
• Exhibit 134: Kawasaki Heavy Industries Ltd. - Key news
• Exhibit 135: Kawasaki Heavy Industries Ltd. - Key offerings
• Exhibit 136: Kawasaki Heavy Industries Ltd. - Segment focus

• 12.7 Mahindra and Mahindra Ltd. 
• Exhibit 137: Mahindra and Mahindra Ltd. - Overview
• Exhibit 138: Mahindra and Mahindra Ltd. - Business segments
• Exhibit 139: Mahindra and Mahindra Ltd. - Key news
• Exhibit 140: Mahindra and Mahindra Ltd. - Key offerings
• Exhibit 141: Mahindra and Mahindra Ltd. - Segment focus

• 12.8 Nebula Automotive Pvt. Ltd. 
• Exhibit 142: Nebula Automotive Pvt. Ltd. - Overview
• Exhibit 143: Nebula Automotive Pvt. Ltd. - Product / Service
• Exhibit 144: Nebula Automotive Pvt. Ltd. - Key offerings

• 12.9 Polaris Inc.
• Exhibit 145: Polaris Inc. - Overview
• Exhibit 146: Polaris Inc. - Business segments
• Exhibit 147: Polaris Inc. - Key offerings
• Exhibit 148: Polaris Inc. - Segment focus

• 12.10 SHERP
• Exhibit 149: SHERP - Overview
• Exhibit 150: SHERP - Business segments
• Exhibit 151: SHERP - Key offerings
• Exhibit 152: SHERP - Segment focus

• 12.11 Suzuki Motor Corp.
• Exhibit 153: Suzuki Motor Corp. - Overview
• Exhibit 154: Suzuki Motor Corp. - Business segments
• Exhibit 155: Suzuki Motor Corp. - Key offerings
• Exhibit 156: Suzuki Motor Corp. - Segment focus

• 12.12 Taiwan Golden Bee Co. Ltd. 
• Exhibit 157: Taiwan Golden Bee Co. Ltd. - Overview
• Exhibit 158: Taiwan Golden Bee Co. Ltd. - Product / Service
• Exhibit 159: Taiwan Golden Bee Co. Ltd. - Key offerings

• 12.13 Tao Motor Inc.
• Exhibit 160: Tao Motor Inc. - Overview
• Exhibit 161: Tao Motor Inc. - Business segments
• Exhibit 162: Tao Motor Inc. - Key offerings
• Exhibit 163: Tao Motor Inc. - Segment focus

• 12.14 Textron Inc.
• Exhibit 164: Textron Inc. - Overview
• Exhibit 165: Textron Inc. - Business segments
• Exhibit 166: Textron Inc. - Key news
• Exhibit 167: Textron Inc. - Key offerings
• Exhibit 168: Textron Inc. - Segment focus

• 12.15 TOMCAR
• Exhibit 169: TOMCAR - Overview
• Exhibit 170: TOMCAR - Business segments
• Exhibit 171: TOMCAR - Key offerings
• Exhibit 172: TOMCAR - Segment focus

• 12.16 Yamaha Motor Co. Ltd. 
• Exhibit 173: Yamaha Motor Co. Ltd. - Overview
• Exhibit 174: Yamaha Motor Co. Ltd. - Business segments
• Exhibit 175: Yamaha Motor Co. Ltd. - Key news
• Exhibit 176: Yamaha Motor Co. Ltd. - Key offerings
• Exhibit 177: Yamaha Motor Co. Ltd. - Segment focus

• 12.17 ZHEJIANG CFMOTO POWER Co. Ltd. 
• Exhibit 178: ZHEJIANG CFMOTO POWER Co. Ltd. - Overview
• Exhibit 179: ZHEJIANG CFMOTO POWER Co. Ltd. - Product / Service
• Exhibit 180: ZHEJIANG CFMOTO POWER Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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