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The global all-terrain vehicle market is expected to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An all-terrain vehicle (ATV) refers to a motorized single-seated tri or quadricycle bike and buggy that is designed for off-road travel and activities. The vehicle consists of handlebars and low-pressure tires that have deep-threaded structures, which assist in driving over muddy, rocky, wetlands and dune topologies. In comparison to other utility vehicles (UTVs), ATVs offer excellent off-road capabilities and can carry heavy equipment over long distances and narrow access points. They can also be customized for high-performance riding, owing to which they find extensive applications across various industries, including sports, entertainment, agriculture, military and defence.
Increasing consumer preference for off-road recreational activities and adventure sports is one of the key factors driving the growth of the market. With the advancements in automotive infotainment systems, vendors are offering ATVs with GPS tracking and Bluetooth connectivity systems, thereby enhancing the overall driving experience. Furthermore, widespread product adoption by the agriculture industry is also providing a boost to the market growth. ATVs are widely utilized for conducting farm-related activities, such as field ploughing, weed control, animal handling and transportation of materials. Additionally, various technological advancements, including the development of electric quad bikes and the installation of improved steering systems, hydraulic pump connections, joystick controls and graphic displays in ATVs, are also contributing to the market growth. Other factors creating a positive impact on the market include a significant increase in the tourism industry, rapid urbanization and rising expenditure capacities of the consumers.
IMARC Group provides an analysis of the key trends in each sub-segment of the global all-terrain vehicle market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, application, engine type, no. of wheels, drive type, fuel type and seating capacity.
Breakup by Type:
Breakup by Application:
Breakup by Engine Type:
Breakup by No. of Wheels:
Breakup by Drive Type:
Breakup by Fuel Type:
Breakup by Seating Capacity:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 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, etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Application, Engine Type, No. of Wheels, Drive Type, Fuel Type, Seating Capacity, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Yamaha Motor Corporation|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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