出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年7月
全地形対応車市場 : タイプ＆用途 (スポーツ、エンターテイメント、農業、軍事、防衛)、ドライブ (2WD、4WD、AWD)、エンジン (<400、400-800、>800cc)、燃料タイプ、ホイール番号、座席定員、並列サイドビークルと地域別 – 2028年までの世界予測
All-terrain Vehicle Market by Type & Application (Sport, Entertainment, Agri, Military & Defense), Drive (2wd, 4wd, AWD), Engine (<400, 400-800, >800cc), Fuel Type, Wheel Number, Seating Capacity, Side-By-Side Vehicle and Region – Global Forecast to 2028
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The all-terrain vehicle market is projected to grow from USD 3.2 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 3.0% from 2023 to 2028. The market has promising growth potential due to rising farm management applications and military mobility operations. Additionally, ease in regulatory norms for registration across different regions fuels the demand for ATVs.
“Sports is the largest application for all-terrain vehicles.”
The sports segment is anticipated to hold the largest share of all-terrain vehicles. Sports ATVs have powerful engines and long-travel suspensions to enhance the handling experience. They are particularly favored by riders participating in ATV championships due to their distinctive high-power engines and torque capabilities. Sport ATVs typically have engine capacities ranging from 100 to 1000cc and can be customized with various accessories to create a unique style and enhance performance. Their exceptional shifting skills and handling features make them highly suitable for sporting activities. The demand for ATVs in recreational/sports activities in Europe and Asia Oceania has snowballed in recent years. The countries of these geographies have experienced increased recreational and adventure events to support outdoor activities. Multiple sports events are being organized in different regions’ countries to attract residents and tourists to participate.
Further, sports ATVs demand is higher in GCC countries due to tourism growth and increased interest in desert sports. Leading industry players offer extensive customization options to customers, allowing them to make their ATVs faster, more agile, and well-suited for racing tracks. Furthermore, renowned ATV manufacturers (OEMs) like Honda, Yamaha, BRP, and Polaris are incorporating electronic fuel injection systems in their sport ATV models. Notable sport ATV models available in the market include the Yamaha Raptor 700R SE, YXZIOOOR SE, Polaris Scrambler, Polaris Phoenix, and YFZ450R SE. The growth of the sport ATV market is driven by the rise in recreational activities within the tourism sector and the continuous advancements in the engine systems of sport ATVs.
“>800cc to be the fastest-growing market for All-terrain vehicles.”
Over the forecast period, the>800cc engine is the fastest-growing segment for the all-terrain vehicle market. They deliver high power, tractability, and strength, making these ATVs helpful in carrying heavy loads, towing equipment, and navigating rough terrains. The demand for ATVs with an engine capacity >800 cc is expected to grow substantially in North America as it is a mature market where people are shifting to higher capacity engines for recreational/work activities. The higher engine capacity ATVs are helpful in racing events and challenging off-road conditions. Industries such as mining, forestry, and search and rescue operations depend on these strong ATVs. Polaris Sportsman XP 1000, Can-Am Renegade 1000, Kawasaki Brute Force 750 4x4i EPS, and Yamaha Grizzly 850 are some of the popular ATV models with engine capacity of more than 800 cc available.
“The electric all-terrain vehicles are estimated to register the highest CAGR.”
Electric propulsion all-terrain vehicles are poised to grow rapidly under the review period. New vehicular emission regulations coupled with upcoming developments in alternate propulsion technologies, lowering battery and related parts pricing, and rapidly increasing charging infrastructure are boosting the adoption of electric ATVs. Battery-powered ATVs are efficient as they have lower installation and operational costs than conventional gasoline ATVs, with negligible emissions and low operating noise compared to other ATVs. The development in battery technologies, such as battery packs, fast charging, and long-range batteries, would drive the demand for electric ATVs. For instance, newer versions of electric ATVs, such as the EZ Raider HD4 have a very powerful battery that enables riders to travel as far as a gas-powered ATV. Increasing environmental concerns, developments in battery driving ranges, and launches of various electric ATV models would spur the adoption of electric ATVs in the coming years.
“Asia Oceania to speculated to be the fastest growing market for All-terrain vehicles market during the forecast period.”
The Asia Oceania region will grow fastest for the all-terrain vehicle market, in which Australia and China are the largest markets, whereas India is the fastest-growing market. The key reasons for market growth in Asia Oceania are the increasing sports and entertainment activities and rising demand for ATVs for military and defense applications. In addition, the increased disposable incomes of individuals, the growth in the country’s economy, low production costs, availability of cheap labor, and government initiatives for FDIs have led to increased spending on leisure activities. This, in turn, has resulted in increased sales of all-terrain vehicles in the region. The region has a higher growth potential than mature markets such as North America and Europe, which encourages the growth of the all-terrain vehicle market. Major regional players such as Honda Motor Co. Ltd (Japan), Kawasaki Heavy Industries Ltd (Japan), Suzuki Motor Corporation (Japan), and some foreign and local players support the regional demand with their cost-effective and performance-driven products.
Breakdown of Primaries
In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Stakeholder: Supply side- 90%, and Others – 10%
• By Designation: C Level Executives – 25%, Directors/ Vice Presidents-35%, and Others -40%
• By Region: North America – 20%, Asia Oceania – 50%, Europe – 20%, and Rest of the World – 10%
The All-terrain vehicles market comprises major manufacturers such as Polaris Inc. (US), Honda Motor Co., Ltd (Japan), BRP (Canada), Yamaha Motor Corporation (Japan), and Textron Inc. (US).
Study Coverage
The study segments the all-terrain vehicle market by application (Sports, Entertainment, Agriculture, Military & Defense, and Others (Hunting, forestry)]; type (sports ATV and utility ATV); drive type (2WD, 4WD, and AWD); engine capacity (<400 CC, 400 to 800 CC, and >800 CC); fuel type (Gasoline, and Electric); seating capacity (One, and ≥ two); number of wheels (four, and more than four), region (Asia Oceania, Europe, North America, RoW), and side-by-side by region.Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall all-terrain vehicle market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increasing off-road recreational activities would drive demand for ATVs, Growing demand for ATVs in agriculture and military & defense, Rising purchasing power and spending capacity of individuals), Restraints (High accident rates may hamper ATV sales, Restriction on ATV usage in wildlife zones may hamper ATV demand), Opportunities (Increased use of technology in ATVs to drive demand, Positive outlook toward electric ATVs), Challenges (Trade barriers between different regions, and High cost of ATVs).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the all-terrain vehicle market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the all-terrain vehicle market across different regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the all-terrain vehicle market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Polaris Inc. (US), BRP (Canada), Honda Motor Co., Ltd (Japan), Textron Inc. (US), and Yamaha Motor Corporation (Japan). In the all-terrain vehicle market.
目次
1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 37
1.2.1 DEFINITION, BY DRIVE TYPE 37
TABLE 1 ALL-TERRAIN VEHICLE MARKET DEFINITION, BY DRIVE TYPE 37
1.2.2 DEFINITION, BY TYPE 38
TABLE 2 ALL-TERRAIN VEHICLE MARKET DEFINITION, BY TYPE 38
1.3 INCLUSIONS AND EXCLUSIONS 38
TABLE 3 INCLUSIONS AND EXCLUSIONS 38
1.4 MARKET SCOPE 39
FIGURE 1 MARKETS COVERED 39
1.4.1 REGIONS CONSIDERED 39
1.4.2 YEARS CONSIDERED 40
1.5 CURRENCY CONSIDERED 40
TABLE 4 CURRENCY EXCHANGE RATES 40
1.6 STAKEHOLDERS 41
1.7 SUMMARY OF CHANGES 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 2 ALL-TERRAIN VEHICLE MARKET: RESEARCH DESIGN 42
FIGURE 3 RESEARCH METHODOLOGY MODEL 43
2.1.1 SECONDARY DATA 43
2.1.1.1 List of key secondary sources to estimate base numbers 44
2.1.1.2 Key data from secondary sources 45
2.1.2 PRIMARY DATA 45
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 46
2.1.2.1 Sampling techniques and data collection methods 46
2.2 MARKET SIZE ESTIMATION 47
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 47
2.2.1 BOTTOM-UP APPROACH: ALL-TERRAIN VEHICLE MARKET 48
FIGURE 6 BOTTOM-UP APPROACH: ALL-TERRAIN VEHICLE MARKET, BY TYPE 48
2.2.2 TOP-DOWN APPROACH: ALL-TERRAIN VEHICLE MARKET 49
FIGURE 7 TOP-DOWN APPROACH: ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY 49
2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 50
2.4 FACTORS IMPACTING ALL-TERRAIN VEHICLE MARKET 51
2.5 RECESSION IMPACT ON ALL-TERRAIN VEHICLE MARKET 51
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 52
FIGURE 8 DATA TRIANGULATION 52
2.7 RECESSION IMPACT 53
2.7.1 INTRODUCTION 53
2.7.2 REGIONAL MACROECONOMIC OVERVIEW 53
2.7.3 ANALYSIS OF KEY ECONOMIC INDICATORS 53
TABLE 5 KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–2022 53
2.7.4 ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION 54
2.7.4.1 Europe 54
TABLE 6 EUROPE: KEY ECONOMIC INDICATORS, 2021–2023 54
2.7.4.2 Asia Oceania 55
TABLE 7 ASIA OCEANIA: KEY ECONOMIC INDICATORS, 2021–2023 55
2.7.4.3 Americas 55
TABLE 8 AMERICAS: KEY ECONOMIC INDICATORS, 2021–2023 55
2.7.5 ECONOMIC OUTLOOK/PROJECTIONS 56
TABLE 9 GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH) 56
2.8 ASSUMPTIONS AND ASSOCIATED RISKS 57
2.8.1 RESEARCH ASSUMPTIONS 57
2.8.2 MARKET ASSUMPTIONS 58
TABLE 10 ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT 58
2.9 RESEARCH LIMITATIONS 59
3 EXECUTIVE SUMMARY 60
3.1 REPORT SUMMARY 60
FIGURE 9 ALL-TERRAIN VEHICLE MARKET OUTLOOK 60
FIGURE 10 ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 61
4 PREMIUM INSIGHTS 63
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ALL-TERRAIN VEHICLE MARKET 63
FIGURE 11 INCREASING PENETRATION OF UTILITY ATVS IN AGRICULTURE AND MILITARY & DEFENSE AND GROWING POPULARITY OF SPORTS AND RECREATIONAL ACTIVITIES TO DRIVE MARKET 63
4.2 ALL-TERRAIN VEHICLE MARKET, BY TYPE 64
FIGURE 12 UTILITY ATV SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 64
4.3 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION 64
FIGURE 13 SPORTS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 64
4.4 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE 65
FIGURE 14 AWD SEGMENT TO WITNESS FASTEST CAGR DURING FORECAST PERIOD 65
4.5 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE 65
FIGURE 15 ELECTRIC SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 65
4.6 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY 66
FIGURE 16 400–800 CC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 66
4.7 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS 66
FIGURE 17 FOUR WHEELS SEGMENT TO LEAD ALL-TERRAIN VEHICLE MARKET DURING FORECAST PERIOD 66
4.8 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY 67
FIGURE 18 ONE-SEATER SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 67
4.9 SIDE-BY-SIDE MARKET, BY REGION 67
FIGURE 19 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD 67
4.10 ALL-TERRAIN VEHICLE MARKET, BY REGION 68
FIGURE 20 ASIA OCEANIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 68
5 MARKET OVERVIEW 69
5.1 INTRODUCTION 69
5.2 MARKET DYNAMICS 70
FIGURE 21 ALL-TERRAIN VEHICLE MARKET: MARKET DYNAMICS 70
5.2.1 DRIVERS 70
5.2.1.1 Increasing off-road recreational activities 70
5.2.1.2 Increasing demand for ATVs in agriculture and military & defense 71
5.2.1.3 Rising purchasing power and spending capacity of individuals 72
FIGURE 22 GDP-BASED PURCHASING POWER PARITY FOR SELECTED COUNTRIES, 2019 VS. 2021 VS. 2023 VS. 2028 72
5.2.2 RESTRAINTS 73
5.2.2.1 High accident rates 73
TABLE 11 GLOBAL FATAL INCIDENTS OF ATV RIDERS ON PUBLIC ROADS, BY AGE (2018–2021) 73
5.2.2.2 Restriction on ATV usage in wildlife zones 74
5.2.3 OPPORTUNITIES 74
5.2.3.1 Increased use of technology in ATVs 74
5.2.3.2 Positive outlook toward electric ATVs 75
5.2.4 CHALLENGES 75
5.2.4.1 Trade barriers between different regions 75
5.2.4.2 High cost of ATVs 76
TABLE 12 COST OF FAST-MOVING GASOLINE ALL-TERRAIN VEHICLES BY KEY OEMS (2022) 76
5.3 TRENDS/DISRUPTIONS IMPACTING BUYERS 77
5.4 ALL-TERRAIN VEHICLE MARKET ECOSYSTEM 78
FIGURE 23 ALL-TERRAIN VEHICLE MARKET ECOSYSTEM 78
5.4.1 ALL-TERRAIN VEHICLE MANUFACTURERS 78
5.4.2 RAW MATERIAL/COMPONENT SUPPLIERS 78
5.4.3 GOVERNMENT AND REGULATORY AUTHORITIES 79
5.4.4 DEALERS AND DISTRIBUTORS 79
5.4.5 SERVICE AND REPAIR CENTERS 79
5.4.6 END USERS 79
TABLE 13 ALL-TERRAIN VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM 79
5.5 SUPPLY CHAIN ANALYSIS 80
FIGURE 24 ALL-TERRAIN VEHICLE MARKET: SUPPLY CHAIN ANALYSIS 81
5.6 PRICING ANALYSIS 82
5.6.1 ALL-TERRAIN VEHICLE AVERAGE REGIONAL PRICE TREND, 2020 VS. 2022 82
5.6.2 ALL-TERRAIN VEHICLE AVERAGE PRICE TREND, BY TYPE, 2020 VS. 2022 82
5.6.3 TOP OEMS AND THEIR KEY MODELS PRICE RANGE, 2022 82
5.7 CASE STUDY ANALYSIS 83
5.7.1 USE CASE 1: JOHN DEERE AND APPLIED MARKETING SCIENCE CASE STUDY 83
5.7.2 USE CASE 2: POLARIS INC. AND COMTECH CASE STUDY 83
5.7.3 USE CASE 3: KAWASAKI ARC WELDING SOLUTIONS FOR ALL-TERRAIN VEHICLES 84
5.8 TRADE ANALYSIS 85
5.8.1 IMPORT DATA 85
5.8.1.1 US 85
TABLE 14 US: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 85
5.8.1.2 Mexico 85
TABLE 15 MEXICO: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 85
5.8.1.3 China 85
TABLE 16 CHINA: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 85
5.8.1.4 Japan 86
TABLE 17 JAPAN: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 86
5.8.1.5 India 86
TABLE 18 INDIA: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 86
5.8.1.6 Germany 86
TABLE 19 GERMANY: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 86
5.8.1.7 France 87
TABLE 20 FRANCE: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 87
5.8.1.8 Spain 87
TABLE 21 SPAIN: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 87
5.8.2 EXPORT DATA 88
5.8.2.1 US 88
TABLE 22 US: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 88
5.8.2.2 China 88
TABLE 23 CHINA: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 88
5.8.2.3 Japan 89
TABLE 24 JAPAN: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 89
5.8.2.4 India 89
TABLE 25 INDIA: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 89
5.8.2.5 Germany 90
TABLE 26 GERMANY: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 90
5.8.2.6 France 90
TABLE 27 FRANCE: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 90
5.8.2.7 Spain 91
TABLE 28 SPAIN: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %) 91
5.9 KEY CONFERENCES AND EVENTS IN 2023–2024 91
5.9.1 ALL-TERRAIN VEHICLE MARKET: UPCOMING CONFERENCES AND EVENTS 91
5.10 PATENT ANALYSIS 92
5.10.1 APPLICATIONS AND PATENTS, 2019–2022 92
5.11 BUYING CRITERIA 95
FIGURE 25 KEY BUYING CRITERIA FOR ELECTRIC AND GASOLINE ATVS 95
TABLE 29 KEY BUYING CRITERIA FOR ELECTRIC AND GASOLINE ATVS 96
5.12 REGULATORY LANDSCAPE 96
5.12.1 US: ALL-TERRAIN VEHICLE REGULATIONS 96
TABLE 30 US: ALL-TERRAIN VEHICLE REGULATIONS 96
5.12.2 CANADA: ALL-TERRAIN VEHICLE REGULATIONS 99
TABLE 31 CANADA: ALL-TERRAIN VEHICLE REGULATIONS 99
5.12.3 AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS 99
TABLE 32 AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS 99
5.12.4 EUROPE: ALL-TERRAIN VEHICLE REGULATIONS 100
TABLE 33 EUROPE: ALL-TERRAIN VEHICLE REGULATIONS 100
5.12.5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
TABLE 34 LIST OF REGULATORY BODIES 101
5.13 TECHNOLOGY TRENDS 102
5.13.1 HONDA TESTS PROTOTYPE AUTONOMOUS WORK VEHICLE AT SOLAR CONSTRUCTION SITE WITH BLACK & VEATCH 102
5.13.2 ADVANCEMENTS IN BATTERY PACKS AND DEVELOPMENT OF WIRELESS AND AUTOMATED CHARGING FOR ELECTRIC ALL-TERRAIN VEHICLES 103
6 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE 104
6.1 INTRODUCTION 105
6.1.1 INDUSTRY INSIGHTS 105
FIGURE 26 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023 VS. 2028 (USD MILLION) 105
TABLE 35 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2018–2022 (UNITS) 106
TABLE 36 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023–2028 (UNITS) 106
TABLE 37 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2018–2022 (USD MILLION) 106
TABLE 38 ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023–2028 (USD MILLION) 106
6.2 2WD 107
6.2.1 TECHNICAL CHALLENGES AND GROWING POPULARITY OF 4WD TO IMPACT 2WD MARKET 107
TABLE 39 2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 107
TABLE 40 2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 107
TABLE 41 2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 108
TABLE 42 2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 108
6.3 4WD 108
6.3.1 TECHNICAL ADVANTAGES LIKE BETTER TRACTION AND ABILITY TO SWITCH TO 2WD TO DRIVE 4WD MARKET 108
TABLE 43 4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 109
TABLE 44 4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 109
TABLE 45 4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 109
TABLE 46 4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 109
6.4 AWD 110
6.4.1 GROWING TREND OF ELECTRIFICATION IN ATVS TO DRIVE AWD ATV MARKET 110
TABLE 47 AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 110
TABLE 48 AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 111
TABLE 49 AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 111
TABLE 50 AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 111
7 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE 112
7.1 INTRODUCTION 113
7.1.1 INDUSTRY INSIGHTS 113
FIGURE 27 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023 VS. 2028 (USD MILLION) 113
TABLE 51 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2018–2022 (UNITS) 113
TABLE 52 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023–2028 (UNITS) 114
TABLE 53 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2018–2022 (USD MILLION) 114
TABLE 54 ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION) 114
7.2 ELECTRIC 114
7.2.1 DEVELOPMENTS IN BATTERY TECHNOLOGY AND LAUNCH OF VARIOUS MODELS FOR DIFFERENT APPLICATIONS TO DRIVE DEMAND 114
TABLE 55 ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 115
TABLE 56 ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 115
TABLE 57 ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 115
TABLE 58 ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 116
7.3 GASOLINE 116
7.3.1 HIGHER POWER, EFFICIENCY, AND WIDER APPLICATION AREA TO BOOST DEMAND 116
TABLE 59 GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 116
TABLE 60 GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 117
TABLE 61 GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 62 GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 117
8 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION 118
8.1 INTRODUCTION 119
8.1.1 INDUSTRY INSIGHTS 119
FIGURE 28 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 120
TABLE 63 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2018–2022 (UNITS) 120
TABLE 64 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023–2028 (UNITS) 121
TABLE 65 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 121
TABLE 66 ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 121
8.2 SPORTS 122
8.2.1 POPULARITY OF SPORTS EVENTS AND CHAMPIONSHIPS TO DRIVE DEMAND 122
TABLE 67 SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 122
TABLE 68 SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 123
TABLE 69 SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 123
TABLE 70 SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 123
8.3 ENTERTAINMENT 124
8.3.1 GROWING NUMBER OF LEISURE ENTHUSIASTS TO DRIVE DEMAND 124
TABLE 71 ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 124
TABLE 72 ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 124
TABLE 73 ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 124
TABLE 74 ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 125
8.4 AGRICULTURE 125
8.4.1 GROWING FARM MECHANIZATION TO DRIVE DEMAND 125
TABLE 75 AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 125
TABLE 76 AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 126
TABLE 77 AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 78 AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 126
8.5 MILITARY & DEFENSE 127
8.5.1 GROWING R&D AND INVESTMENTS TO DEVELOP ATVS THAT CAN OPERATE IN EXTREME CONDITIONS TO DRIVE DEMAND 127
TABLE 79 MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 127
TABLE 80 MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 128
TABLE 81 MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 128
TABLE 82 MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 128
8.6 OTHERS 129
TABLE 83 OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 129
TABLE 84 OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 129
TABLE 85 OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 130
TABLE 86 OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 130
9 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY 131
9.1 INTRODUCTION 132
9.1.1 INDUSTRY INSIGHTS 132
FIGURE 29 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023 VS. 2028 (USD MILL 132
TABLE 87 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 133
TABLE 88 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 133
TABLE 89 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 133
TABLE 90 ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION) 133
9.2 <400 CC 134
9.2.1 RISING DEMAND FOR ATVS WITH <400 CC ENGINE CAPACITY IN SPORTS AND OFF-ROAD ACTIVITIES TO DRIVE MARKET 134
TABLE 91 <400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 134
TABLE 92 <400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 134
TABLE 93 <400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 94 <400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 135 9.3 400–800 CC 135 9.3.1 HIGH DELIVERING POWER AND BETTER FUEL EFFICIENCY TO DRIVE SEGMENT 135 TABLE 95 400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 135 TABLE 96 400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 136 TABLE 97 400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 136 TABLE 98 400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 136 9.4 >800 CC 137
9.4.1 ATVS WITH >800 CC ENGINE CAPACITY TO OFFER EXTREME POWER AND TORQUE REQUIREMENTS 137
TABLE 99 >800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 137
TABLE 100 >800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 137
TABLE 101 >800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 138
TABLE 102 >800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 138
10 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY 139
10.1 INTRODUCTION 140
10.1.1 INDUSTRY INSIGHTS 140
FIGURE 30 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023 VS. 2028 (USD MILLION) 140
TABLE 103 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2018–2022 (UNITS) 141
TABLE 104 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023–2028 (UNITS) 141
TABLE 105 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2018–2022 (USD MILLION) 141
TABLE 106 ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023–2028 (USD MILLION) 141
10.2 ONE-SEATER 142
10.2.1 LOWER COST TO DRIVE DEMAND FOR ONE-SEATER ATVS 142
TABLE 107 ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 142
TABLE 108 ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 142
TABLE 109 ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 142
TABLE 110 ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 143
10.3 ≥TWO-SEATER 143
10.3.1 REDUCED MAINTENANCE AND INCREASED SAFETY TO DRIVE DEMAND FOR ≥TWO-SEATER ATVS 143
TABLE 111 ≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 143
TABLE 112 ≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 144
TABLE 113 ≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 114 ≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 144
11 ALL-TERRAIN VEHICLE MARKET, BY TYPE 145
11.1 INTRODUCTION 146
11.1.1 INDUSTRY INSIGHTS 146
FIGURE 31 ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 147
TABLE 115 ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 147
TABLE 116 ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 147
TABLE 117 ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 148
TABLE 118 ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 148
11.2 UTILITY 148
11.2.1 INCREASING APPLICATION IN FARMS AND AGRICULTURAL PRACTICES TO DRIVE UTILITY SEGMENT 148
TABLE 119 UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 149
TABLE 120 UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 149
TABLE 121 UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 149
TABLE 122 UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 149
11.3 SPORT 150
11.3.1 ASIA OCEANIA TO BE FASTEST-GROWING MARKET FOR SPORT ATVS 150
TABLE 123 SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 150
TABLE 124 SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 150
TABLE 125 SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 151
TABLE 126 SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 151
12 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS 152
12.1 INTRODUCTION 153
12.1.1 INDUSTRY INSIGHTS 153
FIGURE 32 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023 VS. 2028 (USD MILLION) 153
TABLE 127 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2018–2022 (UNITS) 154
TABLE 128 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023–2028 (UNITS) 154
TABLE 129 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2018–2022 (USD MILLION) 154
TABLE 130 ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023–2028 (USD MILLION) 154
12.2 FOUR WHEELS 155
12.2.1 INCREASED SPORTS AND RECREATIONAL ACTIVITIES TO DRIVE DEMAND 155
TABLE 131 FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 155
TABLE 132 FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 155
TABLE 133 FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 155
TABLE 134 FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 156
12.3 >FOUR WHEELS 156
12.3.1 GROWING DEMAND FOR UTILITY ATVS IN AGRICULTURE, CONSTRUCTION, AND MINING TO DRIVE SEGMENT 156
TABLE 135 >FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 156
TABLE 136 >FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 157
TABLE 137 >FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 157
TABLE 138 >FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 157
13 SIDE-BY-SIDE VEHICLE MARKET, BY REGION 158
13.1 INTRODUCTION 159
13.1.1 INDUSTRY INSIGHTS 159
FIGURE 33 SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 160
TABLE 139 SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 160
TABLE 140 SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 160
TABLE 141 SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 161
TABLE 142 SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 161
14 ALL-TERRAIN VEHICLE MARKET, BY REGION 162
14.1 INTRODUCTION 163
14.1.1 INDUSTRY INSIGHTS 163
FIGURE 34 ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 164
TABLE 143 ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS) 164
TABLE 144 ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS) 164
TABLE 145 ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION) 165
TABLE 146 ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION) 165
14.2 ASIA OCEANIA 166
14.2.1 RECESSION IMPACT 166
FIGURE 35 ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET SNAPSHOT 167
TABLE 147 ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS) 167
TABLE 148 ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS) 168
TABLE 149 ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 168
TABLE 150 ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 168
14.2.2 CHINA 169
14.2.2.1 Large-scale domestic manufacturing of ATVs and increased adoption in farming to drive market 169
TABLE 151 CHINA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 169
TABLE 152 CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 170
TABLE 153 CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 170
TABLE 154 CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 170
TABLE 155 CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 170
14.2.3 AUSTRALIA 171
14.2.3.1 Introduction of safety regulations like installation of rollover protection devices to drive market 171
TABLE 156 AUSTRALIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 171
TABLE 157 AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 172
TABLE 158 AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 172
TABLE 159 AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 172
TABLE 160 AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 172
14.2.4 NEW ZEALAND 173
14.2.4.1 Increasing popularity of sports events and championships to drive sport ATV segment 173
TABLE 161 NEW ZEALAND: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 173
TABLE 162 NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 173
TABLE 163 NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 173
TABLE 164 NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 174
TABLE 165 NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 174
14.2.5 JAPAN 174
14.2.5.1 Growing demand for ATVs in sports events and championships to drive market 174
TABLE 166 JAPAN: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 174
TABLE 167 JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 175
TABLE 168 JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 175
TABLE 169 JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 175
TABLE 170 JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 175
14.2.6 INDIA 176
14.2.6.1 Introduction of new models for agriculture applications to drive market 176
TABLE 171 INDIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 176
TABLE 172 INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 176
TABLE 173 INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 176
TABLE 174 INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 177
TABLE 175 INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 177
14.3 EUROPE 177
14.3.1 RECESSION IMPACT 178
FIGURE 36 EUROPE: ALL-TERRAIN VEHICLE MARKET SNAPSHOT 178
TABLE 176 EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS) 178
TABLE 177 EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS) 179
TABLE 178 EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 179
TABLE 179 EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 179
14.3.2 GERMANY 180
14.3.2.1 Growing penetration of ATVs in military and defense to drive market 180
TABLE 180 GERMANY: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 180
TABLE 181 GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 180
TABLE 182 GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 181
TABLE 183 GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 181
TABLE 184 GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 181
14.3.3 FRANCE 181
14.3.3.1 Increasing adoption of ATVs in construction and farming activities to drive market 181
TABLE 185 FRANCE: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 182
TABLE 186 FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 182
TABLE 187 FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 182
TABLE 188 FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 182
TABLE 189 FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 183
14.3.4 RUSSIA 183
14.3.4.1 Rising demand for ATVs in defense and agriculture to drive market 183
TABLE 190 RUSSIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 183
TABLE 191 RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 184
TABLE 192 RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 184
TABLE 193 RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 184
TABLE 194 RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 184
14.3.5 UK 185
14.3.5.1 Development of quad bikes for military purposes to drive market 185
TABLE 195 UK: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 185
TABLE 196 UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 185
TABLE 197 UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 185
TABLE 198 UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 186
TABLE 199 UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 186
14.3.6 SPAIN 186
14.3.6.1 Growing demand for agriculture applications to drive market 186
TABLE 200 SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 186
TABLE 201 SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 187
TABLE 202 SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 187
TABLE 203 SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 187
14.3.7 SWEDEN 187
14.3.7.1 Decline in demand due to Russia-Ukraine war 187
TABLE 204 SWEDEN: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 187
TABLE 205 SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 188
TABLE 206 SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 188
TABLE 207 SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 188
TABLE 208 SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 188
14.3.8 REST OF EUROPE 189
TABLE 209 REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 189
TABLE 210 REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 189
TABLE 211 REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 189
TABLE 212 REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 190
14.4 NORTH AMERICA 190
14.4.1 RECESSION IMPACT 190
FIGURE 37 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET SNAPSHOT 191
TABLE 213 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS) 191
TABLE 214 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS) 192
TABLE 215 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 192
TABLE 216 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 192
14.4.2 US 193
14.4.2.1 High preference for recreational activities and growing usage of ATVs in military applications to drive market 193
TABLE 217 US: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 193
TABLE 218 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 193
TABLE 219 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 193
TABLE 220 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 194
TABLE 221 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 194
14.4.3 CANADA 194
14.4.3.1 Growing popularity of off-road racing events and government efforts to legalize ATVs in some provinces to drive market 194
TABLE 222 CANADA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 195
TABLE 223 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 195
TABLE 224 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 195
TABLE 225 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 195
TABLE 226 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 196
14.4.4 MEXICO 196
14.4.4.1 Presence of well-established OEMs and growing off-roading industry to drive market 196
TABLE 227 MEXICO: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 196
TABLE 228 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 197
TABLE 229 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 197
TABLE 230 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 197
TABLE 231 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 197
14.5 REST OF THE WORLD 198
14.5.1 RECESSION IMPACT 198
FIGURE 38 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, 2023 VS. 2028 (USD MILLION) 198
TABLE 232 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS) 199
TABLE 233 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS) 199
TABLE 234 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 199
TABLE 235 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 200
14.5.2 BRAZIL 200
14.5.2.1 Increasing penetration of ATVs in government forest departments and availability of several models to drive market 200
TABLE 236 BRAZIL: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 200
TABLE 237 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 201
TABLE 238 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 201
TABLE 239 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 201
TABLE 240 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 201
14.5.3 UAE 202
14.5.3.1 Growing tourism sector to drive demand for sport ATVs 202
TABLE 241 UAE: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 202
TABLE 242 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 202
TABLE 243 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 202
TABLE 244 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 203
TABLE 245 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 203
14.5.4 SOUTH AFRICA 203
14.5.4.1 Increasing demand for utility ATVs to access difficult terrains 203
TABLE 246 SOUTH AFRICA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 203
TABLE 247 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 204
TABLE 248 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 204
TABLE 249 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 204
TABLE 250 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 204
14.5.5 SAUDI ARABIA 205
14.5.5.1 Growing popularity of desert racing and sports events to drive market 205
TABLE 251 SAUDI ARABIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 205
TABLE 252 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 205
TABLE 253 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 205
TABLE 254 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 206
TABLE 255 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 206
15 RECOMMENDATIONS BY MARKETSANDMARKETS 207
15.1 ASIA OCEANIA TO BE ATTRACTIVE MARKET FOR ALL-TERRAIN VEHICLES 207
15.2 >800 CC ATVS AND SIDE-BY-SIDE VEHICLES TO CREATE NEW REVENUE POCKETS IN FUTURE 207
15.3 ELECTRIC ATVS TO OFFER ATTRACTIVE OPPORTUNITIES TO MANUFACTURERS 208
15.4 CONCLUSION 208
16 COMPETITIVE LANDSCAPE 209
16.1 OVERVIEW 209
16.2 MARKET SHARE ANALYSIS, 2022 209
TABLE 256 MARKET SHARE ANALYSIS FOR ALL-TERRAIN VEHICLE MARKET, 2022 209
FIGURE 39 ALL-TERRAIN VEHICLE MARKET SHARE ANALYSIS, 2022 210
16.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 210
16.4 COMPANY EVALUATION MATRIX: ALL-TERRAIN VEHICLE MANUFACTURERS 212
16.4.1 TERMINOLOGY 212
16.4.2 STARS 212
16.4.3 EMERGING LEADERS 212
16.4.4 PERVASIVE PLAYERS 212
16.4.5 PARTICIPANTS 212
TABLE 257 ALL-TERRAIN VEHICLE MARKET: COMPANY FOOTPRINT, 2022 213
TABLE 258 ALL-TERRAIN VEHICLE MARKET: COMPANY PRODUCT FOOTPRINT, 2022 214
TABLE 259 ALL-TERRAIN VEHICLE MARKET: COMPANY REGION FOOTPRINT, 2022 215
FIGURE 40 ALL-TERRAIN VEHICLE MANUFACTURERS: COMPANY EVALUATION MATRIX, 2022 216
16.5 COMPETITIVE EVALUATION QUADRANT: SIDE-BY-SIDE VEHICLE MANUFACTURERS 217
16.5.1 STARS 217
16.5.2 EMERGING LEADERS 217
16.5.3 PERVASIVE PLAYERS 217
16.5.4 PARTICIPANTS 217
FIGURE 41 SIDE-BY-SIDE (SXS) VEHICLE MANUFACTURERS: COMPANY EVALUATION MATRIX, 2022 218
16.6 COMPETITIVE SCENARIO 219
16.6.1 PRODUCT LAUNCHES 219
TABLE 260 PRODUCT LAUNCHES, 2021–2023 219
16.6.2 DEALS 228
TABLE 261 DEALS, 2021–2023 228
16.6.3 OTHERS 229
TABLE 262 OTHERS, 2021–2023 229
16.7 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN, 2018–2022 230
TABLE 263 KEY GROWTH STRATEGIES, 2018–2022 230
16.8 COMPETITIVE BENCHMARKING 231
16.8.1 ALL-TERRAIN VEHICLE KEY PLAYERS AND THEIR PRODUCT RANGE 231
TABLE 264 ALL-TERRAIN VEHICLE MARKET: KEY PLAYERS 231
17 COMPANY PROFILES 233
17.1 KEY PLAYERS 233
(Business overview, Products offered, Recent Developments, MNM view)*
17.1.1 POLARIS INC. 233
TABLE 265 POLARIS INC.: BUSINESS OVERVIEW 233
FIGURE 42 POLARIS INC.: COMPANY SNAPSHOT 234
TABLE 266 POLARIS INC.: PRODUCT LAUNCHES 236
TABLE 267 POLARIS INC.: DEALS 238
TABLE 268 POLARIS INC.: OTHERS 239
17.1.2 TEXTRON INC. 241
TABLE 269 TEXTRON INC.: BUSINESS OVERVIEW 241
FIGURE 43 TEXTRON INC.: COMPANY SNAPSHOT 242
TABLE 270 TEXTRON INC.: PRODUCT LAUNCHES 243
TABLE 271 TEXTRON INC.: DEALS 244
17.1.3 HONDA MOTOR CO., LTD. 246
TABLE 272 HONDA MOTOR CO., LTD.: BUSINESS OVERVIEW 246
FIGURE 44 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT 247
TABLE 273 HONDA MOTOR CO., LTD.: PRODUCT LAUNCHES 249
TABLE 274 HONDA MOTOR CO., LTD.: DEALS 250
17.1.4 KAWASAKI HEAVY INDUSTRIES LTD. 252
TABLE 275 KAWASAKI HEAVY INDUSTRIES LTD.: BUSINESS OVERVIEW 252
FIGURE 45 KAWASAKI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT 253
TABLE 276 KAWASAKI HEAVY INDUSTRIES LTD.: PRODUCT LAUNCHES 254
TABLE 277 KAWASAKI HEAVY INDUSTRIES LTD.: OTHERS 255
17.1.5 YAMAHA MOTOR CORPORATION 257
TABLE 278 YAMAHA MOTOR CORPORATION: BUSINESS OVERVIEW 257
FIGURE 46 YAMAHA MOTOR CORPORATION: COMPANY SNAPSHOT 258
TABLE 279 YAMAHA MOTOR CORPORATION: PRODUCT LAUNCHES 259
TABLE 280 YAMAHA MOTOR CORPORATION: OTHERS 261
17.1.6 SUZUKI MOTOR CORPORATION 263
TABLE 281 SUZUKI MOTOR CORPORATION: BUSINESS OVERVIEW 263
FIGURE 47 SUZUKI MOTOR CORPORATION: COMPANY SNAPSHOT 264
TABLE 282 SUZUKI MOTOR CORPORATION: PRODUCT LAUNCHES 265
TABLE 283 SUZUKI MOTOR CORPORATION: DEALS 265
17.1.7 JOHN DEERE 266
TABLE 284 JOHN DEERE: BUSINESS OVERVIEW 266
FIGURE 48 JOHN DEERE: COMPANY SNAPSHOT 267
TABLE 285 JOHN DEERE: PRODUCT LAUNCHES 268
17.1.8 BRP 270
TABLE 286 BRP: BUSINESS OVERVIEW 270
FIGURE 49 BRP: COMPANY SNAPSHOT 271
TABLE 287 BRP: PRODUCT LAUNCHES 272
TABLE 288 BRP: DEALS 273
TABLE 289 BRP: OTHERS 273
17.1.9 CFMOTO 274
TABLE 290 CFMOTO: BUSINESS OVERVIEW 274
FIGURE 50 CFMOTO: COMPANY SNAPSHOT 275
TABLE 291 CFMOTO: PRODUCT LAUNCHES 276
17.1.10 HISUN MOTORS CORPORATION 277
TABLE 292 HISUN MOTORS CORPORATION: BUSINESS OVERVIEW 277
TABLE 293 HISUN MOTORS CORPORATION: DEALS 278
TABLE 294 HISUN MOTORS CORPORATION: OTHERS 278
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS 279
17.2.1 BENNCHE, LLC 279
TABLE 295 BENNCHE, LLC: COMPANY OVERVIEW 279
17.2.2 VELOMOTORS 280
TABLE 296 VELOMOTORS: COMPANY OVERVIEW 280
17.2.3 ECO CHARGER 280
TABLE 297 ECO CHARGER: COMPANY OVERVIEW 280
17.2.4 BALTMOTORS 281
TABLE 298 BALTMOTORS: COMPANY OVERVIEW 281
17.2.5 CECTEK 281
TABLE 299 CECTEK: COMPANY OVERVIEW 281
17.2.6 NEBULA AUTOMOTIVE PRIVATE LIMITED 282
TABLE 300 NEBULA AUTOMOTIVE PRIVATE LIMITED: COMPANY OVERVIEW 282
17.2.7 TAIWAN GOLDEN BEE (TGB) 283
TABLE 301 TAIWAN GOLDEN BEE (TGB): COMPANY OVERVIEW 283
17.2.8 KYMCO 284
TABLE 302 KYMCO: COMPANY OVERVIEW 284
17.2.9 LINHAI 285
TABLE 303 LINHAI: COMPANY OVERVIEW 285
17.2.10 AMERICAN LANDMASTER 285
TABLE 304 AMERICAN LANDMASTER: BUSINESS OVERVIEW 285
18 APPENDIX 286
18.1 INSIGHTS FROM INDUSTRY EXPERTS 286
18.2 DISCUSSION GUIDE 287
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 290
18.4 CUSTOMIZATION OPTIONS 292
18.4.1 SIDE-BY-SIDE VEHICLE MARKET, BY APPLICATION 292
18.4.1.1 Sports 292
18.4.1.2 Entertainment 292
18.4.1.3 Agriculture 292
18.4.1.4 Military & Defense 292
18.4.1.5 Others (Hunting & Forestry) 292
18.4.2 SIDE-BY-SIDE VEHICLE MARKET, BY FUEL TYPE 292
18.4.2.1 Gasoline 292
18.4.2.2 Diesel 292
18.4.2.3 Electric 292
18.5 RELATED REPORTS 293
18.6 AUTHOR DETAILS 294