An all-terrain vehicle (ATV) are a vehicle fitted with four low-pressure tires and handle bars. These vehicles are known for their maneuverability and off-road capabilities and are applicable in military, surveying, forestry, agriculture, sports, and others. ATVs are handled quite differently and requires some amount of training before they could be ridden safely. These are usually used in off-road environments but few regions permit the use of these vehicle on public roads as well. These have gained popularity over the past few years as they allow access to remote or areas and provide a convenient way of carrying supplies and equipment and might even replace pack of animals for transport as used in traditional way. ATVs are also used in military, marine, and armys ground unit.
Increase in demand for off-road vehicles and rise in disposable income is the major drivers for the all-terrain vehicles. The need for a compact heavy-duty vehicle with high fuel efficiency and multipurpose application boosts the demand for this market. Environmental issues, such as terrain damage and carbon emission, and safety regulations restrain the global ATV market.
The global all-terrain vehicle market is segmented on the basis of type, application, and geography. On the basis of type, it is classified into three-wheeler, four-wheeler, six-wheeler, and eight-wheeler. On the basis of application, it is categorized into personal, professional, and military & defense. Geographically, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the ATV market are Yamaha Corporation, Arctic Cat Inc., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Suzuki Motor Corporation, CFMOTO, Inc., HISUN, Deere & Company, KYMCO, Inc., and Polaris Industries Inc.
- The study provides an in-depth analysis of the global ATV market.
- The report outlines current and future trends to assess overall market attractiveness.
- Porters Five Forces model illustrates the potency of the buyers & suppliers participating in the market.
- Quantitative analysis of the current trends and estimations from 2017-2023 is provided to showcase the financial potential of the market.
- The report provides information related to key drivers, restraints, and opportunities.
All-terrain Vehicle Market Key Segments:
- Military & Defense
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Yamaha Corporation
- Arctic Cat Inc.
- Honda Motor Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- Suzuki Motor Corporation
- CFMOTO, Inc.
- Deere & Company
- KYMCO, Inc.
- Polaris Industries Inc.