All-Terrain Vehicle (ATV) Global Market Report 2023

Description

“All-Terrain Vehicle (ATV) Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on all-terrain vehicle (atv) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for all-terrain vehicle (atv)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The all-terrain vehicle (atv) market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Vehicle Type: Utility ATV; Sports ATV; Recreational; Other Vehicles

2) By Displacement: Low; Mid; High

3) By Application: Sports; Entertainment; Agriculture; Military; Hunting

Companies Mentioned: Bombardier Recreational Products (BRP); Suzuki Motors Corporation; Kawasaki Motors Corporation; HiSun Motors; Yamaha Motor Co. Ltd

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the all-terrain vehicle (ATV) market are: Bombardier Recreational Products (BRP), Suzuki Motors Corporation, Kawasaki Motors Corporation, HiSun Motors, Yamaha Motor Co. Ltd., Polaris Industries Inc., Textron Industries, Honda Motor Co, Deere & Company, (NYSE: DE), Taiwan Golden Bee (TGB) Co. Ltd., Can-Am, and Zhejiang Cfmoto Power Co., Ltd.

The global all-terrain vehicle (atv) market grew from $3.47 billion in 2022 to $3.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The all-terrain vehicle (atv) market is expected to grow to $4.95 billion in 2027 at a CAGR of 7.5%.

The all-terrain vehicle (ATV) market consists of sales of sport ATVs, side-by-side ATVs, utility ATVs and youth ATVs.Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The all-terrain vehicle (ATV) is a vehicle that travels on low-pressure tires, with a seat which is straddled by the operator, along with handlebars for steering control. It is designed to handle a wider variety of terrain better than other vehicles.

North America was the largest region in the all-terrain vehicle (ATV) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the all-terrain vehicle (ATV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of ATVs include utility ATVs, sports ATVs, recreational, and others. The utility ATV refers to ATVs with powerful engines used to navigate a variety of terrains. These are being used for heavy-work purposes, such as hauling cargo or ploughing fields or snow. Utility ATVs comfortably fit two people and have better ground clearance. The different displacements offered in ATVs include low, mid, and high and they are used for sports, entertainment, agriculture, military, and hunting applications.

The increasing expenditure on off-trailing activities and outdoor sports activities is expected to propel the growth of the all-terrain vehicle (ATV) market. The popularity of adventurous activities and outdoor sports activities is growing among the adult population, as they are looking out for entertainment from their high-paced working lifestyle. For instance, according to the Bureau of Economic Analysis (BEA), in November 2020, the outdoor recreation economy accounted for 1.8% of GDP, which is $374.3 billion of the current-dollar gross domestic product (GDP) of the United States. Outdoor recreation value-added as a share of state GDP ranged from 4.3% in Montana to 1.2% in New York at the state level. The share was 0.8% in the Columbia district. Therefore, the increasing expenditure on off-trailing activities and outdoor sports activities are expected to propel the growth of the all-terrain vehicle (ATV) market.

New product innovations are a key trend gaining popularity in the all-terrain vehicle (ATV) market. Companies are emphasizing new product development to meet the fast-growing demand from end customers, and increase market share and global presence. For instance, in 2021, Yamaha Motor Corp. announced the launch of Grizzly EPS XT-R for utility purposes with a 686 CC liquid-cooled SOHC 4-stroke engine and 3-way differential locking. Also, in September 2020, Suzuki Motors Corp. launched the KingQuad ATV models for the 2021 lineup. The 2021 KingQuad 750AXi Power Steering SE plus for sports utility is equipped with independent suspension, an advanced electric power steering system, and high towing capacity to enable more comfortable operation.

In November 2021, Planet Resource Recovery Inc., an online retailer in the home improvement industry, specializing in lighting fixtures, ceiling fans, and plumbing fixtures have acquired MAX Amphibious All-Terrain Vehicle's assets, product line, tooling, and intellectual property from Agile Vehicle Technologies Limited for an undisclosed amount. Through the acquisition, Planet Resource Recovery Inc., plans to re-launch the MAX accessory and parts business for the current market of MAX vehicles as the company begins the process of re-introducing MAX ATVs into the all-terrain vehicles market. Agile Vehicle Technologies Limited is a UK-based company involved in the manufacturing and distribution of ATV vehicles, engineering services, and others.

The countries covered in the all-terrain vehicle (ATV) market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The all-terrain vehicle (ATV) market research report is one of a series of new reports from The Business Research Company that provides all-terrain vehicle (ATV) market statistics, including all-terrain vehicle (ATV) industry global market size, regional shares, competitors with a all-terrain vehicle (ATV) market share, detailed all-terrain vehicle (ATV) market segments, market trends and opportunities, and any further data you may need to thrive in the all-terrain vehicle (ATV) industry. This all-terrain vehicle (ATV) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r4162

1. Executive Summary

2. All-Terrain Vehicle (ATV) Market Characteristics

3. All-Terrain Vehicle (ATV) Market Trends And Strategies

4. All-Terrain Vehicle (ATV) Market - Macro Economic Scenario

4.1 COVID-19 Impact On All-Terrain Vehicle (ATV) Market
4.2 Ukraine-Russia War Impact On All-Terrain Vehicle (ATV) Market
4.3 Impact Of High Inflation On All-Terrain Vehicle (ATV) Market

5. All-Terrain Vehicle (ATV) Market Size And Growth

5.1. Global All-Terrain Vehicle (ATV) Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global All-Terrain Vehicle (ATV) Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. All-Terrain Vehicle (ATV) Market Segmentation

6.1. Global All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Utility ATV
Sports ATV
Recreational
Other Vehicles
6.2. Global All-Terrain Vehicle (ATV) Market, Segmentation By Displacement, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Low
Mid
High
6.3. Global All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Sports
Entertainment
Agriculture
Military
Hunting

7. All-Terrain Vehicle (ATV) Market Regional And Country Analysis

7.1. Global All-Terrain Vehicle (ATV) Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global All-Terrain Vehicle (ATV) Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific All-Terrain Vehicle (ATV) Market

8.1. Asia-Pacific All-Terrain Vehicle (ATV) Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China All-Terrain Vehicle (ATV) Market

9.1. China All-Terrain Vehicle (ATV) Market Overview
9.2. China All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India All-Terrain Vehicle (ATV) Market

10.1. India All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan All-Terrain Vehicle (ATV) Market

11.1. Japan All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia All-Terrain Vehicle (ATV) Market

12.1. Australia All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia All-Terrain Vehicle (ATV) Market

13.1. Indonesia All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea All-Terrain Vehicle (ATV) Market

14.1. South Korea All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe All-Terrain Vehicle (ATV) Market

15.1. Western Europe All-Terrain Vehicle (ATV) Market Overview
15.2. Western Europe All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK All-Terrain Vehicle (ATV) Market

16.1. UK All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany All-Terrain Vehicle (ATV) Market

17.1. Germany All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France All-Terrain Vehicle (ATV) Market

18.1. France All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe All-Terrain Vehicle (ATV) Market

19.1. Eastern Europe All-Terrain Vehicle (ATV) Market Overview
19.2. Eastern Europe All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia All-Terrain Vehicle (ATV) Market

20.1. Russia All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America All-Terrain Vehicle (ATV) Market

21.1. North America All-Terrain Vehicle (ATV) Market Overview
21.2. North America All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA All-Terrain Vehicle (ATV) Market

22.1. USA All-Terrain Vehicle (ATV) Market Overview
22.2. USA All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America All-Terrain Vehicle (ATV) Market

23.1. South America All-Terrain Vehicle (ATV) Market Overview
23.2. South America All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil All-Terrain Vehicle (ATV) Market

24.1. Brazil All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East All-Terrain Vehicle (ATV) Market

25.1. Middle East All-Terrain Vehicle (ATV) Market Overview
25.2. Middle East All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa All-Terrain Vehicle (ATV) Market

26.1. Africa All-Terrain Vehicle (ATV) Market Overview
26.2. Africa All-Terrain Vehicle (ATV) Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa All-Terrain Vehicle (ATV) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. All-Terrain Vehicle (ATV) Market Competitive Landscape And Company Profiles

27.1. All-Terrain Vehicle (ATV) Market Competitive Landscape
27.2. All-Terrain Vehicle (ATV) Market Company Profiles
- 27.2.1. Bombardier Recreational Products (BRP)
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Suzuki Motors Corporation
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Kawasaki Motors Corporation
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. HiSun Motors
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Yamaha Motor Co. Ltd
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The All-Terrain Vehicle (ATV) Market

29. All-Terrain Vehicle (ATV) Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer