All-terrain Vehicle Market is Estimated to Grow by 998.95 th Units between 2020 and 2025 | Bombardier Recreational Products Inc., HISUN Motors Corp., Honda Motor Co. Ltd., and More Among Key Players | Technavio

NEW YORK, Nov. 2, 2021 /PRNewswire/ -- The all-terrain vehicle market is set to grow by 998.95 thousand units, progressing at a CAGR of 16.83% from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The all-terrain vehicle market report also offers information on several market vendors, including Bombardier Recreational Products Inc. (Canada), HISUN Motors Corp. (US), Honda Motor Co. Ltd. , Kawasaki Heavy Industries Ltd. , Nebula Automotive Pvt. Ltd. , Polaris Inc. (US), Suzuki Motor Corp. , Taiwan Golden Bee Co. Ltd. , Textron Inc. (US), and Yamaha Motor Co. Ltd. among others.

Attractive Opportunities in All-terrain Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025

Download FREE Sample Report for Insights on the Drivers, Trends, and Challenges that will Help Companies Evaluate and Develop Growth Strategies

Factors such as the growing use of ATVs in recreational, sports, and military applications 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. The all-terrain vehicle market is concentrated, and the degree of concentration will accelerate during the forecast period.

All-terrain Vehicle Market 2021-2025: Segmentation

  • Type
    • Sports ATV
    • Utility ATV
    • Snowmobiles
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

Download FREE Sample Report to Get Insights on Each Segment and Make Informed Business Decisions.

All-terrain Vehicle Market 2021-2025: Key Driver

The growing use of ATVs in recreational, sports, and military applications will fuel the growth of the all-terrain vehicle market size. The global all-terrain vehicles market is experiencing increased demand because of the ability of ATVs to move quickly in mountainous and rocky terrain. The preference for recreational activities and adventure among consumers globally, especially among tourists, is growing each passing year. These activities include off-roading, mountain racing, and dirt racing, where ATVs have wide applications. The use of ATVs for military purposes has increased, where these vehicles are used extensively for transportation purposes to remote areas. Currently, countries in North America and Europe dominate the global ATV market as sports and off-road activities are highly popular in these regions.

All-terrain Vehicle Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of vendors operating in the market.

The All-Terrain Vehicle Market Report Also Covers the Following Areas:

  • All-terrain Vehicle Market size
  • All-terrain Vehicle Market trends
  • All-terrain Vehicle Market analysis
  • All-terrain Vehicle Market segmentation
  • All-terrain Vehicle Market vendors

The increasing demand for ATVs for recreational and adventurous sports activities will positively impact the market growth. However, the environmental concerns due to the use of ATVs will hamper the market growth.

Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!

All-terrain Vehicle Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist all-terrain vehicle market growth during the next five years
  • Estimation of the all-terrain vehicle market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the all-terrain vehicle market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of all-terrain vehicle market vendors

Related Reports:

Off-road Vehicle Market by Type and Geography - Forecast and Analysis 

Fuel Cell Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025

All-terrain Vehicle Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.83%

Market growth 2021-2025

998.95 th units

Market structure

Concentrated

YoY growth (%)

14.54

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 81%

Key consumer countries

US, Germany, Australia, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download FREE Sample Report Now to Uncover Vendor Analysis and Offerings of All-terrain Vehicle Market.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/all-terrain-vehicle-market-is-estimated-to-grow-by-998-95-th-units-between-2020-and-2025--bombardier-recreational-products-inc-hisun-motors-corp-honda-motor-co-ltd-and-more-among-key-players--technavio-301411783.html

SOURCE Technavio

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.