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All-terrain Vehicle(ATV) Market to grow at a CAGR of 16.83% by 2025 | Growing use of ATVs in Recreational, Sports & Military Applications to Boost Growth | Technavio

NEW YORK, March 10, 2022 /PRNewswire/ -- The ATV market is concentrated and the vendors are distinguishing their products and service offerings either through product differentiation or through cost differentiation to compete in the market. 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. are some of the major market participants The all-terrain vehicle market is set to grow by 998.95 thousand units from 2020 to 2025, progressing at a CAGR of 16.83% according to Technavio.

Technavio has announced its latest market research report titled All-terrain Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025

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All-terrain Vehicle Market 2021-2025: Scope

 Our all-terrain vehicle market report covers the following areas:

  • All-terrain Vehicle Market size
  • All-terrain Vehicle Market trends
  • All-terrain Vehicle Market industry analysis

All-terrain Vehicle Market 2021-2025: Drivers & Challenges

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.

The environmental factors pose a challenge to the growth of the market.  ATVs are designed to aid in easy transportation on rough terrain and uneven off-road surfaces &  their off-roading capabilities have adverse effects on the environment. According to biologists, the use of ATVs and other off-highway vehicles can damage the characteristics of the soil on which they are driven. This is because riding ATVs can lead to soil erosion and increase the bulk density, strength, and permeability of the soil. Such detrimental effects of off-highway vehicles, including ATVs, have been proven by environmentalists. Moreover, behavioral changes and physiological responses in wild animals due to off-road activities are impacting the entire wildlife population. Scientists further claim that growth in off-road activities increases wildlife mortality rates. 

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All-terrain Vehicle Market 2021-2025: Segmentation Analysis

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

All-terrain Vehicle Market 2021-2025: Revenue Generating Segment & Regional Analysis

  • The all-terrain vehicle market share growth by the sports ATV segment will be significant for revenue generation. The increase in off-road recreational activities is driving the ATV market for sportsThe increase in the number of sports enthusiasts driving ATVs and the development of ATV experience zones will have a positive impact on this market segment. 
  • 81% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for all-terrain vehicles in North America. Market growth in North America will be faster than the growth of the market in other regions. The high popularity of and demand for off-road vehicles such as ATVs in the US and Canada will facilitate the all-terrain vehicle market growth in North America over the forecast period. 

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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

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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 thousand units

Market structure

Concentrated

YoY growth (%)

14.54

Performing market contribution

North America at 81%

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.

Table Of Contents :

***1. Executive Summary                         

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 01:  Parent market

                              *Exhibit 02:  Market Characteristics

               **2.2 Value chain analysis           

                              *Exhibit 03:  Value chain analysis: Leisure products

                              *2.2.1 Inputs

                              *2.2.2 Inbound logistics

                              *2.2.3 Operations

                              *2.2.4 Outbound logistics

                              *2.2.5 Marketing and sales

                              *2.2.6 Service

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 04:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 05:  Market segments

               **3.3 Market size 2020 

               **3.4 Market outlook: Forecast for 2020 - 2025 

                              *3.4.1 Estimating growth rates for emerging and high-growth markets

                              *3.4.2 Estimating growth rates for mature markets

                              *Exhibit 06:  Global - Market size and forecast 2020 - 2025 (thousand units)

                              *Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 08: Five forces analysis 2020 & 2025

               **4.2 Bargaining power of buyers            

                              *Exhibit 09: Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 10: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 11: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 12: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 13: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 14:  Market condition - Five forces 2020

***5. Market Segmentation by Type                    

               **5.1 Market segments

                              *The segments covered in this chapter are:

·         *Sports ATV

·         *Utility ATV

·         *Snowmobiles

                              *Exhibit 15:  Type - Market share 2020-2025 (%)

               **5.2 Comparison by Type          

                              *Exhibit 16:  Comparison by Type

               **5.3 Sports ATV - Market size and forecast 2020-2025  

                              *Exhibit 17:  Sports ATV - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 18:  Sports ATV - Year-over-year growth 2020-2025 (%)

               **5.4 Utility ATV - Market size and forecast 2020-2025   

                              *Exhibit 19:  Utility ATV - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 20:  Utility ATV - Year-over-year growth 2020-2025 (%)

               **5.5 Snowmobiles - Market size and forecast 2020-2025             

                              *Exhibit 21:  Snowmobiles - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 22:  Snowmobiles - Year-over-year growth 2020-2025 (%)

               **5.6 Market opportunity by Type          

                              *Exhibit 23:   Market opportunity by Type

***6. Customer landscape                        

               **6.1 Overview

                              *Exhibit 24:  Customer landscape

***7. Geographic Landscape                    

               **7.1 Geographic segmentation

                              *The regions covered in the report are:

·         *North America

·         *Europe

·         *APAC

·         *MEA

·         *South America

                              *Exhibit 25:  Market share by geography 2020-2025 (%)

               **7.2 Geographic comparison    

                              *Exhibit 26:  Geographic comparison

               **7.3 North America - Market size and forecast 2020-2025          

                              *Exhibit 27:  North America - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 28:  North America - Year-over-year growth 2020-2025 (%)

               **7.4 Europe - Market size and forecast 2020-2025         

                              *Exhibit 29:  Europe - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 30:  Europe - Year-over-year growth 2020-2025 (%)

               **7.5 APAC - Market size and forecast 2020-2025             

                              *Exhibit 31:  APAC - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 32:  APAC - Year-over-year growth 2020-2025 (%)

               **7.6 MEA - Market size and forecast 2020-2025              

                              *Exhibit 33:  MEA - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 34:  MEA - Year-over-year growth 2020-2025 (%)

               **7.7 South America - Market size and forecast 2020-2025          

                              *Exhibit 35:  South America - Market size and forecast 2020-2025 (thousand units)

                              *Exhibit 36:  South America - Year-over-year growth 2020-2025 (%)

               **7.8 Key leading countries        

                              *Exhibit 37:  Key leading countries

               **7.9 Market opportunity by geography

                              *Exhibit 38:  Market opportunity by geography (thousand units)

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1 Growing use of ATVs in recreational, sports, and military applications

                              *8.1.2 Increasing demand for ATVs for recreational and adventurous sports activities

                              *8.1.3 Rising demand for ATVs

               **8.2 Market challenges              

                              *8.2.1 Environmental concerns due to the use of ATVs

                              *8.2.2 Legal limitations associated with the use of off-road vehicles

                              *8.2.3 Lack of global acceptance as a street-legal vehicle

                              *Exhibit 39:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1 Increasing number of ATV experience zones

                              *8.3.2 Growing penetration of CVT systems in ATVs

                              *8.3.3 Advances in autonomous ATVs

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 40:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 41:  Landscape disruption

                              *Exhibit 42:  Industry risks

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 43:  Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 44:  Market positioning of vendors

               **10.3 Bombardier Recreational Products Inc.   

                              *Exhibit 45:  Bombardier Recreational Products Inc. - Overview

                              *Exhibit 46:  Bombardier Recreational Products Inc. - Business segments

                              *Exhibit 47:  Bombardier Recreational Products Inc. - Key news

                              *Exhibit 48:  Bombardier Recreational Products Inc. - Key offerings

                              *Exhibit 49:  Bombardier Recreational Products Inc. - Segment focus

               **10.4 HISUN Motors Corp.        

                              *Exhibit 50:  HISUN Motors Corp. - Overview

                              *Exhibit 51:  HISUN Motors Corp. - Product and service

                              *Exhibit 52:  HISUN Motors Corp. - Key offerings

               **10.5 Honda Motor Co. Ltd.     

                              *Exhibit 53:  Honda Motor Co. Ltd. - Overview

                              *Exhibit 54:  Honda Motor Co. Ltd. - Business segments

                              * Exhibit55: Honda Motor Co. Ltd. - Key news    

                              *Exhibit 56:  Honda Motor Co. Ltd. - Key offerings

                              *Exhibit 57:  Honda Motor Co. Ltd. - Segment focus

               **10.6 Kawasaki Heavy Industries Ltd.   

                              *Exhibit 58:  Kawasaki Heavy Industries Ltd. - Overview

                              *Exhibit 59:  Kawasaki Heavy Industries Ltd. - Business segments

                              *Exhibit 60: Kawasaki Heavy Industries Ltd. - Key news

                              *Exhibit 61:  Kawasaki Heavy Industries Ltd. - Key offerings

                              *Exhibit 62:  Kawasaki Heavy Industries Ltd. - Segment focus

               **10.7 Nebula Automotive Pvt. Ltd.        

                              *Exhibit 63:  Nebula Automotive Pvt. Ltd. - Overview

                              *Exhibit 64:  Nebula Automotive Pvt. Ltd. - Product and service

                              *Exhibit 65:  Nebula Automotive Pvt. Ltd. - Key offerings

               **10.8 Polaris Inc.          

                              *Exhibit 66:  Polaris Inc. - Overview

                              *Exhibit 67:  Polaris Inc. - Business segments

                              *Exhibit 68: Polaris Inc. - Key news

                              *Exhibit 69:  Polaris Inc. - Key offerings

                              *Exhibit 70:  Polaris Inc. - Segment focus

               **10.9 Suzuki Motor Corp.         

                              *Exhibit 71:  Suzuki Motor Corp. - Overview

                              *Exhibit 72:  Suzuki Motor Corp. - Business segments

                              *Exhibit 73: Suzuki Motor Corp. - Key news

                              *Exhibit 74:  Suzuki Motor Corp. - Key offerings

                              *Exhibit 75:  Suzuki Motor Corp. - Segment focus

               **10.10 Taiwan Golden Bee Co. Ltd.       

                              *Exhibit 76:  Taiwan Golden Bee Co. Ltd. - Overview

                              *Exhibit 77:  Taiwan Golden Bee Co. Ltd. - Product and service

                              *Exhibit 78:  Taiwan Golden Bee Co. Ltd. - Key offerings

               **10.11 Textron Inc.      

                              *Exhibit 79:  Textron Inc. - Overview

                              *Exhibit 80:  Textron Inc. - Business segments

                              *Exhibit 81:  Textron Inc. - Key news

                              *Exhibit 82:  Textron Inc. - Key offerings

                              *Exhibit 83:  Textron Inc. - Segment focus

               **10.12 Yamaha Motor Co. Ltd.

                              *Exhibit 84:  Yamaha Motor Co. Ltd. - Overview

                              *Exhibit 85:  Yamaha Motor Co. Ltd. - Business segments

                              *Exhibit 86: Yamaha Motor Co. Ltd. - Key news

                              *Exhibit 87:  Yamaha Motor Co. Ltd. - Key offerings

                              *Exhibit 88:  Yamaha Motor Co. Ltd. - Segment focus

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 Objective

                              *11.1.3 Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 89:  Currency conversion rates for US$

               **11.3 Research Methodology   

                              *Exhibit 90:  Research Methodology

                              *Exhibit 91:  Validation techniques employed for market sizing

                              *Exhibit 92:  Information sources

               **11.4 List of abbreviations        

                              *Exhibit 93:  List of abbreviations

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