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Global All-terrain Vehicle Market Size, Share & Trends Analysis Report by Engine Type (Below 400cc, 400cc - 800cc, Above 800cc), Application (Agriculture, Sports, Recreation, Military & Defense), Region, and Segment Forecasts, 2023-2030

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    Report

  • 120 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5561847
Description Jump to:
The global all-terrain vehicle market size is expected to reach USD 6.01 billion by 2030, registering a CAGR of 3.8% from 2023 to 2030, according to the report. The development of off-road terrains, trails, and recreational parks is projected to boost the demand for All-terrain Vehicles (ATVs) by 2030. Moreover, governments’ initiatives to enhance tourism and recreational activities have supported the sales of ATVs. For instance, the Travel Management & Off-Highway Vehicle (OHV) Program announced by the U.S. Forest Service aims to increase the awareness and popularity of trails in North America.

Factors such as the growing popularity of off-road racing events and increased advertising have fueled the demand for ATVs across the globe. For instance, in January 2019, the Desert Series Pro ATV tournament involved ATV enthusiasts and many off-road vehicles which contributed to the adoption of ATVs. Additionally, growth in investments from sponsors is anticipated to boost the growth of the market by 2030.

Over the past few years, economic growth in developing economies, such as India and China, has resulted in higher disposable incomes and purchasing power of individuals, creating more spending capacity. This, in turn, supports the travel and tourism industry. As per the data published by the World Travel and Tourism Council (WTTC), the global tourism sector grew by 3.9% in 2018. The development of the tourism sector has led to a significant increase in recreational activities, thereby driving the demand for ATVs.

North America dominated the ATV market in 2022. This can be attributed to the presence of vast and diverse landscapes in North America, including mountain ranges and dense forests. ATV manufacturers focus on developing innovative and safer equipment that can meet the diverse needs of end users who want to explore tough terrains. Additionally, the increasing production and sales of ATVs in North America are expected to contribute to the growth of the market. The presence of various market players, including Polaris Inc., Textron Inc., and BRP, among others, is likely to further contribute to the growth

All-terrain Vehicle Market Report Highlights

  • The market for all-terrain vehicles is anticipated to witness growth owing to the increasing number of adventure and trails parks and the rising popularity of off-road sports activities
  • The 400cc-800cc engine type segment accounted for a significant revenue share of over 48.2% in 2022. The increase in demand for 400-800cc engine ATVs is accredited to the demand for search & rescue operations and utility purposes
  • Asia Pacific is expected to expand at the fastest CAGR of 5.3% during the forecast period


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Engine type
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Engine type outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. All-terrain Vehicle Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. All-terrain Vehicle Market Analysis Tools
3.4.1. Industry analysis - Porter’s Five Forces
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
3.4.2.4. Social landscape
Chapter 4. All-terrain Vehicle Market: Engine Type Estimates & Trend Analysis
4.1. All-terrain Vehicle Market: Key Takeaways
4.2. All-terrain Vehicle Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Below 400cc
4.3.1. Below 400cc market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. 400 - 800cc
4.4.1. 400 - 800cc market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Above 800cc
4.5.1. Above 800cc market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. All-terrain Vehicle Market: Application Estimates & Trend Analysis
5.1. All-terrain Vehicle Market: Key Takeaways
5.2. All-terrain Vehicle Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Agriculture
5.3.1. Agriculture market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Sports
5.4.1. Sports market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Recreational
5.5.1. Recreational market estimates and forecasts, 2018 to 2030 (USD Million)
5.6. Military & Defense
5.6.1. Military & defense market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. All-terrain Vehicle Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. All-terrain Vehicle Market by Region: Key Takeaway
6.3. North America
6.3.1. North America Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. U.S. Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Canada Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. Europe Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4.2. UK
6.4.2.1. UK Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4.3. Germany
6.4.3.1. Germany Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4.4. France
6.4.4.1. France Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Asia Pacific Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.2. Japan
6.5.2.1. Japan Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.3. China
6.5.3.1. China Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.4. India
6.5.4.1. India Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.5. Australia
6.5.5.1. Australia Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.6. South Korea
6.5.6.1. South Korea Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Latin America Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.6.2. Brazil
6.6.2.1. Brazil Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.6.3. Mexico
6.6.3.1. Mexico Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. MEA Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7.2. Saudi Arabia
6.7.2.1. Saudi Arabia Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7.3. South Africa
6.7.3.1. South Africa Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7.4. UAE
6.7.4.1. UAE Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. American Honda Motor Co., Inc
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. ArcticInsider.com
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. BRP
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. CFMOTO
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Kawasaki Motors Corp., U.S.A.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. KYMCO
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. LINHAI POWERSPORTS USA CORPORATION
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Polaris Inc.
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. Suzuki Motor of America, Inc.
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. Yamaha Motor Corporation, USA.
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 3 North America all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 4 North America all-terrain vehicle market, by region, 2018 - 2030 (USD Million)
Table 5 U.S. all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 6 U.S. all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 7 Canada all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 8 Canada all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 9 Europe all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 10 Europe all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 11 Europe all-terrain vehicle market, by region, 2018 to 2030 (USD Million)
Table 12 Germany all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 13 Germany all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 14 UK all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 15 UK all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 16 France all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 17 France all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 18 Asia Pacific all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 19 Asia Pacific all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 20 Asia Pacific all-terrain vehicle market, by region, 2018 to 2030 (USD Million)
Table 21 China all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 22 China all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 23 Japan all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 24 Japan all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 25 India all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 26 India all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 27 Australia all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 28 Australia all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 29 South Korea all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 30 South Korea all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 31 Latin America all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 32 Latin America all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 33 Latin America all-terrain vehicle market, by region, 2018 to 2030 (USD Million)
Table 34 Brazil all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 35 Brazil all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 36 Mexico all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 37 Mexico all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 38 Middle East and Africa all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 39 Middle East and Africa all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 40 Middle East and Africa all-terrain vehicle market, by region, 2018 to 2030 (USD Million)
Table 41 South Africa all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 42 South Africa all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 43 Saudi Arabia all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 44 Saudi Arabia all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
Table 45 UAE all-terrain vehicle market, by engine type, 2018 - 2030 (USD Million)
Table 46 UAE all-terrain vehicle market, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 All-terrain vehicle: Market outlook
Fig. 9 All-terrain vehicle: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 All-terrain vehicle market driver impact
Fig. 15 All-terrain vehicle market restraint impact
Fig. 16 All-terrain vehicle market strategic initiatives analysis
Fig. 17 All-terrain vehicle market: Engine type movement analysis
Fig. 18 All-terrain vehicle market: Engine type outlook and key takeaways
Fig. 19 Below 400cc market estimates and forecasts, 2018 - 2030
Fig. 20 400 - 800cc market estimates and forecasts, 2018 - 2030
Fig. 21 Above 800cc market estimates and forecasts, 2018 - 2030
Fig. 22 All-terrain vehicle market: Application movement analysis
Fig. 23 All-terrain vehicle market: Application outlook and key takeaways
Fig. 24 Agriculture market estimates and forecasts, 2018 - 2030
Fig. 25 Sports market estimates and forecasts, 2018 - 2030
Fig. 26 Recreational market estimates and forecasts, 2018 - 2030
Fig. 27 Military & defense market estimates and forecasts, 2018 - 2030
Fig. 28 Global all-terrain vehicle market: Regional movement analysis
Fig. 29 Global all-terrain vehicle market: Regional outlook and key takeaways
Fig. 30 North America market estimates and forecasts, 2018 - 2030
Fig. 31 U.S. market estimates and forecasts, 2018 - 2030
Fig. 32 Canada market estimates and forecasts, 2018 - 2030
Fig. 33 Europe market estimates and forecasts, 2018 - 2030
Fig. 34 UK market estimates and forecasts, 2018 - 2030
Fig. 35 Germany market estimates and forecasts, 2018 - 2030
Fig. 36 France market estimates and forecasts, 2018 - 2030
Fig. 37 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 38 Japan market estimates and forecasts, 2018 - 2030
Fig. 39 China market estimates and forecasts, 2018 - 2030
Fig. 40 India market estimates and forecasts, 2018 - 2030
Fig. 41 Australia market estimates and forecasts, 2018 - 2030
Fig. 42 South Korea market estimates and forecasts, 2018 - 2030
Fig. 43 Latin America market estimates and forecasts, 2018 - 2030
Fig. 44 Brazil market estimates and forecasts, 2018 - 2030
Fig. 45 Mexico market estimates and forecasts, 2018 - 2030
Fig. 46 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 47 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 48 South Africa market estimates and forecasts, 2018 - 2030
Fig. 49 UAE market estimates and forecasts, 2018 - 2030

Companies Profiled

  • American Honda Motor Co., Inc
  • ArcticInsider.com
  • BRP
  • CFMOTO
  • Kawasaki Motors Corp., U.S.A.
  • KYMCO
  • LINHAI POWERSPORTS USA CORPORATION
  • Polaris Inc.
  • Suzuki Motor of America, Inc.
  • Yamaha Motor Corporation, USA.

Methodology

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Table Information

Report AttributeDetails
No. of Pages120
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 4.54 Billion
Forecasted Market Value ( USD ) by 2030 $ 6.01 Billion
Compound Annual Growth Rate3.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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