Global All-Terrain Vehicle (ATV) Market Report 2022: Rising Spending on Off-Road Activities and Outdoor Sports Activities Drives Growth

Global All-Terrain Vehicle (ATV) Market Report 2022: Rising Spending on Off-Road Activities and Outdoor Sports Activities Drives Growth

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Global all-terrain vehicle (ATV) market

Global all-terrain vehicle (ATV) market

Global all-terrain vehicle (ATV) market

Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) — The All-Terrain Vehicle (ATV) Global Market Report 2022 has been added to from ResearchAndMarkets.com offer.

The global all-terrain vehicle (ATV) market is expected to grow from $3.20 billion in 2021 to $3.41 billion in 2022 at a compound annual growth rate (CAGR) of 6.41%. The all-terrain vehicle (ATV) market is expected to reach $4.21 billion in 2026 with a CAGR of 5.43%.

The main types of ATVs include utility ATVs, sport ATVs, recreational ATVs and others. Utility ATV refers to ATVs with powerful motors used to navigate a variety of terrains. These are used for heavy duty purposes, such as transporting goods or plowing fields or snow. Utility ATVs seat two people comfortably and have better ground clearance. The different travels offered in ATVs include low, mid and high and they are used for sporting, entertainment, agricultural, military and hunting applications.

North America was the largest region in the all-terrain vehicle (ATV) market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period. Regions covered in the All Terrain Vehicles (ATVs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising expenditure on off-road activities and outdoor sports activities is expected to propel the growth of the all-terrain vehicle (ATV) market. The popularity of adventure activities and outdoor sports activities is increasing among the adult population as they seek entertainment as part of their busy professional lifestyle. For example, according to the Bureau of Economic Analysis (BEA), as of November 2020, the outdoor recreation economy accounted for 1.8% of GDP, or $374.3 billion of gross domestic product (GDP) in current dollars. the United States. The added value of outdoor recreation as a share of state GDP ranged from 4.3% in Montana to 1.2% in New York at the state level. The share was 0.8% in the District of Columbia. Hence, increasing expenditure on off-road activities and outdoor sports activities is expected to propel the growth of the all-terrain vehicle (ATV) market.

New product innovations are a key trend gaining popularity in the all-terrain vehicle (ATV) market. Companies are emphasizing new product development to meet growing end-customer demand and increase their market share and global presence. For example, in 2021, Yamaha Motor Corp. announced the launch of the Grizzly EPS XT-R for utility purposes with a liquid-cooled 686 CC SOHC 4-stroke engine and 3-way differential lock. Additionally, in September 2020, Suzuki Motors Corp. launched the KingQuad ATV models for the 2021 lineup. The 2021 KingQuad 750AXi Power Steering SE plus for sport utility features independent suspension, an advanced electric power steering system and high towing capacity to allow more comfortable operation.

Report attribute

Details

Number of pages

175

Forecast period

2022 – 2026

Estimated market value (USD) in 2022

$3.41 billion

Expected market value (USD) by 2026

$4.21 billion

Compound annual growth rate

5.4%

Regions covered

Global

Scope
Covered markets:

1) By type of vehicle: utility ATV; sport mountain bike; recreational; Others
2) By displacement: low; Environment; High
3) By application: Sports; Entertainment; Agriculture; Military; Hunt

Main topics covered:

1. Summary

2. Features of All-Terrain Vehicle (ATV) Market

3. All Terrain Vehicle (ATV) Market Trends and Strategies

4. Impact of COVID-19 on all-terrain vehicles (ATVs)

5. All Terrain Vehicle (ATV) Market Size and Growth

6. All Terrain Vehicle (ATV) Market Segmentation

7. Regional and Country Analysis of All-terrain Vehicle (ATV) Market

8. Asia-Pacific All-Terrain Vehicle (ATV) Market

9. China All-Terrain Vehicle (ATV) Market

10. India All-Terrain Vehicle (ATV) Market

11. Japan All-Terrain Vehicle (ATV) Market

12. Australia All-Terrain Vehicle (ATV) Market

13. Indonesia All Terrain Vehicle (ATV) Market

14. All-Terrain Vehicle (ATV) Market in South Korea

15. All-Terrain Vehicle (ATV) Market in Western Europe

16. UK All Terrain Vehicle (ATV) Market

17. German All-Terrain Vehicle (ATV) Market

18. France all-terrain vehicle (ATV) market

19. All Terrain Vehicle (ATV) Market in Eastern Europe

20. Russian all-terrain vehicle (ATV) market

21. North America All-Terrain Vehicle (ATV) Market

22. U.S. All Terrain Vehicle (ATV) Market

23. South America All-Terrain Vehicle (ATV) Market

24. Brazil All-Terrain Vehicle (ATV) Market

25. Middle East All-Terrain Vehicle (ATV) Market

26. Africa All Terrain Vehicles (ATVs) Market

27. All Terrain Vehicle (ATV) Market Competitive Landscape and Company Profiles

28. Major Mergers and Acquisitions in the All Terrain Vehicles (ATVs) Market

29. All-Terrain Vehicle (ATV) Market Future Prospects and Potential Analysis

30. Annex

Companies cited

  • Bombardier Recreational Products (BRP)

  • Suzuki Motors Corporation

  • Kawasaki Motors Corporation

  • HiSun ​​Motors

  • Yamaha Motor Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/hev8h

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