Global All-Terrain Vehicle Market size was valued US$ 2.7 Bn. in 2019 and the total revenue is expected to grow about CAGR 3.7% from 2020 to 2027, reaching nearly US$ XX Bn.
Global All-Terrain Vehicle Market: Overview
All-Terrain vehicles contain large and robust tires having low pressure, this vehicle is also known as quad bikes, they are fitted with wide seat which provide convenience to driver to seat comfortably. These vehicles are usually made to drive with single seater or double seater. Majority of countries does not allow these types of vehicle to ride on streets as these needs special type of permission to drive on roads. All-Terrain Vehicle is designed to handle terrains having large variety than another automobile. These vehicles are highly customized having engine from 100 CC to 1000 CC. Customer build it as per need and application. Suzuki Motors firstly introduce its 4-wheeler all-terrain vehicle in Japan 1982. Before this, all-terrain vehicle are 3-wheeler from 1960 to 1980 owing to more stability and comfort of 4-wheeler, the three-wheeler ATV Phased out after 1987.
Global All-Terrain Vehicle Market: Key Development
KYOCERA co. launched its high-performance display in March 2018, its LCD display technology.
Global All-Terrain Vehicle Market1
Global All-Terrain Vehicle Market: Drivers
Ongoing preference towards activities like off road sports across world will fuel the market of Global All-Terrain Vehicle. GNCC Amateur Competition is organized in US is driving the market.
Increasing disposable income among developed as well as developing countries is rising demand for Global All-Terrain Vehicle.
Increasing tourism globally is increasing market for All-Terrain Vehicle to explore more places and adventure tour.
Ongoing experiment is to provide more experience to customer by improving vehicle performance. All-Terrain Vehicle are compact in size as well as they provide great handling capability and low turning radius, can be used in tight spaces.
Global All-Terrain Vehicle Market: Challenges
Increasing fatalities occurring from off road vehicles are bigger restraints for Global All-Terrain Vehicle Market.
Global All-Terrain Vehicle Market: Regional Overview
Global All-Terrain Vehicle Market is segmented into regions like Asia Pacific, North America, Europe, South America, and Middle East Africa. North American region is the largest market for All-Terrain Vehicle, it is expected that it will continue in forecasted years. The US is the largest market and it contains more than 50% of global volume. The Asia Pacific region is the progressively growing market. It is expected that Asia Pacific will show rise in demand in future.
Europe region will show steady growth rate due to increasing demand of OHV from military segment. Market players are trying to make vehicles for defense forces which can carry more payloads. Oshkosh Defense launched ATV in September 2013 which gives high mobility and more lifecycle of use.
Global All-Terrain Vehicle Market: Segmentation
Global All-Terrain Vehicle Market is segmented into Product Type (Sport Utility ATV, Utility ATV, Youth ATV), Displacement Type (Low, Medium, High), Application Type (Sports, Agriculture, Entertainment, Military, Other), and Region (North America, Europe, Asia pacific, Middle East Africa, and Latin America).
The report also helps in understanding All-Terrain Vehicle Market dynamics, structure by analyzing the market segments and projects the All-Terrain Vehicle Market size. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the All-Terrain Vehicle Market make the report investor’s guide.
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Scope of the All-Terrain Vehicle Market
All-Terrain Vehicle Market, By Product Type
• Sport Utility ATV
• Utility ATV
• Youth ATV
All-Terrain Vehicle Market, By Displacement Type
• Low
• Medium
• High
All-Terrain Vehicle Market, By Application Type
• Sports
• Agriculture
• Entertainment
• Military
• Other
All-Terrain Vehicle Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East Africa
Key players operating in All-Terrain Vehicle Market
• Honda Motor Company, Ltd
• Polaris Industries Inc
• Yamaha Motor Company Limited
• Bombardier Recreational Products
• Arctic Cat
• Kawasaki Heavy Industries Ltd.
• Suzuki Motor Corporation
• CFMOTO Powersports Inc.
• KTM AG
• BMW
This Report Is Submitted By : Maximize Market Research Company
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