Growing Expenditure on Off-Trailing Actions and Out of doors Sports activities Actions Drives Development

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Global all-terrain vehicle (ATV) market.

Global all-terrain vehicle (ATV) market.

DUBLIN, Nov. 24, 2022 (GLOBE NEWSWIRE) — Added the All-Terrain Vehicle (ATV) Global Market Report 2022 ResearchAndMarkets.com Offer.

The global all-terrain vehicle (ATV) market is forecast to grow from US$3.20 billion in 2021 to US$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 at 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 engines used for navigating a variety of terrains. These are used for heavy work purposes, such as B. for transporting cargo or plowing fields or snow. Utility ATVs comfortably seat two people and have better ground clearance. The various displacements offered in ATVs include low, mid and high and they are used for sport, entertainment, farming, military and hunting applications.

North America was the largest region in the All Terrain Vehicle (ATV) Market in 2021. Asia Pacific is projected to be the fastest growing region during the forecast period. The regions covered by All Terrain Vehicle (ATV) market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising spending on off-trailing activities and outdoor sports activities is expected to drive the growth of all-terrain vehicle (ATV) market. The popularity of adventurous activities and outdoor sports is growing among the adult population as they seek entertainment in their fast-paced work lives. For example, according to the Bureau of Economic Analysis (BEA), the outdoor recreation economy accounted for 1.8% of GDP as of November 2020, which equates to $374.3 billion of the current US dollar gross domestic product (GDP) of the United States. The value added of outdoor recreation as a percentage of state GDP ranged from 4.3% in Montana to 1.2% in New York at the state level. In the Columbia District, the proportion was 0.8%. Therefore, the rising spending on off-trailing activities and outdoor sports activities is expected to drive the growth of all-terrain vehicle (ATV) market.

New product innovation is a key trend gaining popularity in the all-terrain vehicle (ATV) market. Companies attach importance to the development of new products to meet the fast-growing end customer demand and increase market share and global presence. For example, Yamaha Motor Corp. announces the launch of the Grizzly EPS XT-R in 2021 for utility use, featuring a 686cc SOHC liquid-cooled 4-stroke engine and a 3-way differential lock. In addition, Suzuki Motors Corp. In September 2020, the KingQuad ATV models for the 2021 range will be launched. The 2021 KingQuad 750AXi Power Steering SE plus for Sports Utility features independent suspension, an advanced electric power steering system and a high towing capacity for more comfortable operation.

The story goes on

report attribute

details

number of pages

175

forecast period

2022 – 2026

Estimated market value (USD) in 2022

$3.41 billion

Projected market value (USD) by 2026

$4.21 billion

Annual growth rate

5.4%

Regions Covered

Global

scope
Covered Markets:

1) By Vehicle Type: Utility ATV; Sport ATV; Leisure; Other
2) After Shift: Low; Center; High
3) By application: sports; Entertainment; Agriculture; Military; hunt

Main topics covered:

1. Summary

2. All-terrain vehicle (ATV) market characteristics.

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

4. Impact of COVID-19 on All-terrain Vehicles (ATV)

5. All-terrain vehicle (ATV) market size and growth.

6. All Terrain Vehicle (ATV) Market Segmentation.

7. Regional and country analysis of the All Terrain Vehicle (ATV) Market

8. Asia Pacific All Terrain Vehicle (ATV) Market

9. All-terrain vehicle (ATV) market in China

10. India All Terrain Vehicle (ATV) Market.

11. Japan All Terrain Vehicle (ATV) Market.

12. Australian All Terrain Vehicle (ATV) Market.

13. Indonesian Off-Road Vehicle (ATV) Market.

14. All-terrain vehicle (ATV) market in South Korea

15. Western Europe Off-Road Vehicle (ATV) Market.

16. British all-terrain vehicle (ATV) market.

17. Germany market for off-road vehicles (ATV).

18. France All-terrain vehicle (ATV) market.

19. Eastern Europe Off-Road Vehicle (ATV) Market.

20. Russian all-terrain vehicle (ATV) market.

21. North American all-terrain vehicle (ATV) market.

22. All-terrain vehicle (ATV) market in USA

23. South American all-terrain vehicle (ATV) market.

24. All-terrain vehicle (ATV) market in Brazil.

25. All-terrain vehicle (ATV) market in Middle East

26. All-terrain vehicle (ATV) market in Africa

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

28. Major mergers and acquisitions in the all-terrain vehicle (ATV) market.

29. Future Outlook and Potential Analysis for All Terrain Vehicle (ATV) Market.

30. Appendix

companies mentioned

  • Bombardier Leisure Products (BRP)

  • Suzuki Motors Corp

  • Kawasaki Motors Corporation

  • HiSun ​​engines

  • Yamaha Motor Co.Ltd.

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

Appendix

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