Stratview Research has published a new report titled “All Terrain Vehicles Market” which is segmented by Vehicle Type (Utility, Recreational, Sports, and Youth), by Application Type (Sports, Entertainment, Agriculture, Military, Hunting, and Others), by Displacement Type (Low CC, Mid CC, and High CC), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, the market is estimated to grow at a CAGR of 4.8% to US$ 6.0 Billion by 2027 during the forecast period of 2022-2027.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

By Vehicle Type

The market is classified as utility, recreational, sports, and youth. Utility is estimated to remain the most preferred vehicle type in the market over the next five years. All of the major players have a large product offering targeting the utility segment. The sports vehicle type is expected to witness the highest growth throughout the forecast period. This is majorly due to the increased applications of ATVs in sports and recreational activities.

By Application Type

The market is segmented as sports, entertainment, agriculture, military, hunting, and others. More than 50% of the ATV sales come from sports and entertainment applications. These applications are expected to remain the largest types in the next five years as well, owing to an increase in the demand for ATVs for sports applications such as racing in hilly, desert, and ice regions. In addition, the increasing number of adventure enthusiasts around the world also influences the growth of this segment.

Which Region is expected to remain the largest market?

North America is expected to remain the largest market for all-terrain vehicles during the forecast period, owing to the high demand for powersport vehicles including ATVs in the military, agricultural, sports, entertainment, hunting, forestry, mining, and construction activities. The Year 2020 proved to be invigorating for the ATV manufacturers, particularly for North America. The demand for ATVs soared extremely high, reaching new heights. Asia-Pacific is a relatively small market but is likely to exhibit excellent growth opportunities in the years to come. Markets, such as Australia, China, and India, generate a sizeable demand for ATVs as well as other powersport vehicles.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the All Terrain Vehicles Market:

• Arctic Cat Inc.
• BRP Inc.
• Polaris Inc.
• Yamaha Motor Co., Ltd.
• Honda Motor Co., Ltd.
• Kawasaki Motors Co., Ltd.
• Suzuki Motor Corporation

Key questions answered by the report

• What is the projected CAGR for revenue from the All Terrain Vehicles Market during the forecast period?
• What would be the market be valued at by 2027?
• What is a major driving factor for growth of the market?
• Which region accounted for largest revenue share in the All Terrain Vehicles Market?
• Which are the major market players?

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