An all-terrain vehicle (ATV) is a vehicle equipped with four low-pressure tires and handle bars. These vehicles are referred for their maneuverability and off-road abilities and are deployed in military, agriculture, surveying and others. ATVs are managed differently and need some amount of training before they could be driven safely. These have attained popularity over the past few years as they enable access to remote or areas and offer an easy way of carrying supplies and equipment and might also replace pack of animals for transport as used in conventional way. With the escalated demand for adventure and sports, as well as recreational activities, the all-terrain vehicle market is booming. Moreover, the market growth is boosted by an individual’s rising disposable income. Furthermore, the rising demand for all-terrain vehicles in the military defense and agriculture sectors is majorly responsible for the market growth. The market demand is being driven by all-terrain vehicles’ high power and torque. The all-terrain vehicle industry will expand as the number of desert events, ATV championships, adventure trails, and parks grow. Additionally, the environmental concerns and changing prices of diesel and gasoline are the factors which are anticipated to propel the demand for electric vehicles globally. The introduction of more powerful electric motors offers a performance benefit to electric all-terrain vehicles to compete with gasoline and diesel variants. The former have a quiet engine and are since considered as suitable for activities such as hunting and wildlife rescue. However, the rising accident rates may hamper the ATV sales, thus is impeding the market.

In addition, robust government backing for the development of off-road vehicle adventure routes is projected to fuel the all-terrain vehicles market growth. The US Forest Service, for instance, launched the Travel Management and Off-Highway Vehicle program to enhance awareness regarding trail availability. Increased investments to improve vehicle performance, such as better output, torque, and maneuverability, will accelerate the market forward. Electric drive trains can manage a wider range of terrains and offer improved stability, owing to the technological developments. In addition to this, manufacturers are constantly adding models with high-end stereos, GPS screens, and comfortable upholstery to smooth out the ride across complicated terrains.

The global All-terrain Vehicle Market is segregated on the basis of Engine as Below 400cc, 400cc-800cc and Above 800cc. Based on Application the global All-terrain Vehicle Market is segmented in Agriculture, Sports, Recreational and Military & Defense.

The global All-terrain Vehicle Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The All-terrain Vehicle Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Arctic Cat Inc., Bombardier Recreational Products (BRP), CECTEK, CFMOTO US, Deere & Company (John Deere) and others are among the major players in the global All-terrain Vehicle Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In January 2018, Honda launched the autonomous 3E-D18 ATV which can be used as a workhorse by construction crews, search and rescue teams, farmers, adventurers, etc., or adventurers who just require a little help lugging their gear into the wilderness. The electric 4x4 is powered by replaceable batteries and equipped with a rack system where all sorts of equipment can be mounted. Honda envisions it can be utilized for spreading fertilizers, fighting forest fires, plowing snow, and even picking crops, with its non-pneumatic “airless” tires mean making it’s virtually flat-proof. Embedded with GPS and a guidance system, it can be gathered and deployed through an app on a smart device.
• In January 2019, Textron Specialized Vehicles Inc., a Textron Inc. (NYSE: TXT) company, declared the introduction of its Hauler 800 ELiTE electric utility vehicle, powered by Samsung SDI lithium technology. Benefiting on the proven technology of E-Z-GO ELiTE vehicles, introduced in 2017, the Hauler 800 ELiTE provides zero-maintenance batteries with improved range and energy efficiency.

The global All-terrain Vehicle Market has been segmented as below:

All-terrain Vehicle Market, By Engine

• Below 400cc
• 400cc-800cc
• Above 800cc

All-terrain Vehicle Market, By Application

• Agriculture
• Sports
• Recreational
• Military & Defense

All-terrain Vehicle Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

All-terrain Vehicle Market, By Company

• Arctic Cat Inc.
• Bombardier Recreational Products (BRP)
• CECTEK
• CFMOTO US
• Deere & Company (John Deere)
• HiSun Motors
• Honda Motor Co. Ltd.
• Kawasaki Heavy Industries
• KYMCO
• Linhai
• Polaris Industries Inc.
• Suzuki Motor Corporation
• Taiwan Golden Bee
• Yamaha Motor Corporation
• Honda
• Velomotors
• Nebula Automotive
• Textron, Inc.
• Zhejiang CFMoto Power Co., Ltd.
• Kwang Yang Motor Company Ltd.
• Velomotors
• Ecocharger
•  Bennche Motors
  

The report covers the below scope:

• Global All-terrain Vehicle Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global All-terrain Vehicle Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global All-terrain Vehicle Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global All-terrain Vehicle Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global All-terrain Vehicle Market share. Major industry players with significant revenue share include Arctic Cat Inc., Bombardier Recreational Products (BRP), CECTEK, CFMOTO US, Deere & Company (John Deere) and others.

Why to Buy this Report:

• Gain detailed insights on the All-terrain Vehicle industry trends
• Find complete analysis on the market status
• Identify the All-terrain Vehicle Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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