NEW YORK, Jan. 24, 2022 /PRNewswire/ -- The all-terrain vehicle market is set to grow by 998.95 thousand units, progressing at a CAGR of 16.83% between 2020 and 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The convenience of using all-terrain vehicles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
All-terrain Vehicle Market 2021-2025: Segmentation
The all-terrain vehicle market is segmented as below:
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All-terrain Vehicle Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the all-terrain vehicle market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Bombardier Recreational Products Inc., HISUN Motors Corp., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nebula Automotive Pvt. Ltd., Polaris Inc., Suzuki Motor Corp., Taiwan Golden Bee Co. Ltd., Textron Inc., and Yamaha Motor Co. Ltd.
All-terrain Vehicle Market 2021-2025: Driver
The increasing use of ATVs in military applications and recreational sports is one of the key factors driving the global all-terrain vehicle market share growth during the forecast period. The demand for all-terrain vehicles is experiencing a high elevation because the ATVs have the ability to move quickly in rocky terrains and mountains. Additionally, the preference for adventures and recreational activities among the people is especially tourists is increasing each year. Mostly these adventures activities include off-roading, dirt racing, and mountain racing which involves the usage of ATVs. Also, the usage of ATVs for military purposes has increased as these vehicles are helpful extensively for transportation in remote areas.
All-terrain Vehicle Market 2021-2025: Challenge
The adverse effects of ATVs on the environment is one of the major challenges for the market share growth. As per reports of biologists, the use of ATVs and other such off-highway vehicles can damage the quality of soil on which they are driven because, riding ATVs leads to soil erosion and raise the bulk density, and permeability of the soil. Such effects on the soil by the off-roading vehicles are proven by the environmentalists. Furthermore, the off-road activities by humans are also causing behavioral changes and physiological responses in the wildlife population which can also increase the mortality rates in wild animals. Thus, such environmental factors are challenges for market growth.
The report also covers the following areas:
Backed with competitive intelligence and benchmarking, our research reports on the all-terrain vehicle market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
All-terrain Vehicle Market 2021-2025: Key Highlights
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All-terrain Vehicle Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 16.83%
Market growth 2021-2025
998.95 thousand units
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 81%
Key consumer countries
US, Germany, Australia, France, and Canada
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
BMS Motorsports Inc. , Bombardier Recreational Products Inc., CECTEK, HISUN Motors Corp., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Kayo USA, Kubota Corp., KWANG YANG MOTOR Co. Ltd., Massimo Motor Sports LLC, Nebula Automotive Pvt. Ltd., Polaris Inc., SHERP, Suzuki Motor Corp., Taiwan Golden Bee Co. Ltd., Textron Inc., TOMCAR, Yamaha Motor Co. Ltd., and ZHEJIANG CFMOTO POWER Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Table of Contents:
Five Forces Analysis
Market Segmentation by Product
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