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CHICAGO, Jan. 18, 2021 /PRNewswire/ -- According to the new market research report "All-Terrain Vehicle Market by Type & Application (Sport, Entertainment, Agriculture, Military & Defense), Drive (2WD, 4WD, AWD), Engine (<400, 400-800, >800cc), Fuel (Gasoline, Electric), Wheel Number, Seating Capacity, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the All-Terrain Vehicle Market, by value, is projected to grow to USD 4.4 billion by 2025 from USD 3.9 billion in 2020, at a CAGR of 2.4% during the forecast period. The increasing demand for all-terrain vehicles in agriculture, military & defense, and recreation is driving the growth of the All-Terrain Vehicle Market. Also, the increased purchasing power and spending capacity of individuals and societies for leisure and adventure vehicles would increase the sales of all-terrain vehicles, which would drive the market for all-terrain vehicles.
Browse in-depth TOC on "All-Terrain Vehicle Market"
223 – Tables
51 – Figures
203 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 255821381
"Sports to be the largest segment, by Application"
The sports segment is projected to lead the All-Terrain Vehicle Market by application. ATVs used in sports feature energetic engines and long-travel suspension for a better handling experience. Riders prefer sport ATVs, especially in ATV championships. Their high-power engine and torque make them distinctive. The engine capacity of sport ATVs ranges from 100 to 1000cc. Also, sport ATVs can be modified and equipped with different accessories to design a unique style and power. The shifting skills and handling features make these types of ATVs ideal for sporting activities. The increase in recreational activities in the tourism sector is driving the growth of ATV market in sports applications globally.
">800cc to be the fastest-growing market for All-terrain vehicles, by Engine Type"
The >800cc engine is the fastest growing engine type segment that ultimately defines the ATV power and efficiency. A >800cc engine ATV is used in loading, transporting, and heavy activities. OEMs and manufacturers are investing heavily in the development of improved engines with better horsepower and torque. Various developments with respect to vehicle design have been undertaken by OEMs to install high power engines. Moreover, the demand for >800cc engine variant ATVs is exponentially growing due to its usage in many heavy-duty applications.
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The >800cc engine has a high demand in sports, recreation, agriculture, mining, and construction. Thus, >800cc engine type is estimated to be the fastest growing market for all-terrain vehicles, by engine type.
Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 255821381
"Europe to be the fastest growing market for All-terrain vehicles, followed by Asia Pacific"
The European region is expected to emerge as the fastest growing market for all-terrain vehicle from 2020 to 2025. The adoption of ATV regulations in Europe would lead to increasing demand for all-terrain vehicles in the region. For instance, the change in homologation system, the EU type-approval frameworks for quadricycles (L-category), and agricultural & forestry vehicles (T-category) came into force. These regulations replaced the directive-based homologation system. As a result, the homologation of both utility and recreational All-Terrain Vehicles (ATVs) is regulated by Regulation (EU) 167/2013 (T) and Regulation (EU) 168/2013 (L). This regulatory change has directly affected the ATV market in Europe in the last 4 to 5 years. The European market is expected to grow as ATV manufacturers have already started complying with the EU requirements for ATV.
Therefore, Europe is estimated to be the fastest-growing market for ATVs, particularly for utility ATVs. The sale of utility ATVs is projected to increase during the forecast period.
The All-Terrain Vehicle Market is dominated by global players and comprises several regional players as well. The key players in the All-Terrain Vehicle Market are Polaris Industries (US), Textron (US), Honda (Japan), Kawasaki (Japan), Suzuki (Japan), Yamaha (Japan), and BRP (Canada).
Browse Related Reports:
Recreational Boats Market by Boat Type (Outboard boats, Inboard boats/stern type, Sail boats/Yachts, Personal Watercraft, Inflatable), Power source, Activity Type (Watersports + Cruising, Fishing), Distribution Channel, and Region - Global Forecast to 2027
E-Bike Market by Class (Class-I, II & III), Battery (Li-Ion, Li-Ion Polymer, Lead Acid, Other), Motor (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed (<25 & 25-45 kmph) and Region - Global Forecast to 2027
More on illi News
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/all-terrain-vehicle-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/all-terrain-vehicle.asp
SOURCE MarketsandMarkets
Browse in-depth TOC on "All-Terrain Vehicle Market"
223 – Tables
51 – Figures
203 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 255821381
"Sports to be the largest segment, by Application"
The sports segment is projected to lead the All-Terrain Vehicle Market by application. ATVs used in sports feature energetic engines and long-travel suspension for a better handling experience. Riders prefer sport ATVs, especially in ATV championships. Their high-power engine and torque make them distinctive. The engine capacity of sport ATVs ranges from 100 to 1000cc. Also, sport ATVs can be modified and equipped with different accessories to design a unique style and power. The shifting skills and handling features make these types of ATVs ideal for sporting activities. The increase in recreational activities in the tourism sector is driving the growth of ATV market in sports applications globally.
">800cc to be the fastest-growing market for All-terrain vehicles, by Engine Type"
The >800cc engine is the fastest growing engine type segment that ultimately defines the ATV power and efficiency. A >800cc engine ATV is used in loading, transporting, and heavy activities. OEMs and manufacturers are investing heavily in the development of improved engines with better horsepower and torque. Various developments with respect to vehicle design have been undertaken by OEMs to install high power engines. Moreover, the demand for >800cc engine variant ATVs is exponentially growing due to its usage in many heavy-duty applications.
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The >800cc engine has a high demand in sports, recreation, agriculture, mining, and construction. Thus, >800cc engine type is estimated to be the fastest growing market for all-terrain vehicles, by engine type.
Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 255821381
"Europe to be the fastest growing market for All-terrain vehicles, followed by Asia Pacific"
The European region is expected to emerge as the fastest growing market for all-terrain vehicle from 2020 to 2025. The adoption of ATV regulations in Europe would lead to increasing demand for all-terrain vehicles in the region. For instance, the change in homologation system, the EU type-approval frameworks for quadricycles (L-category), and agricultural & forestry vehicles (T-category) came into force. These regulations replaced the directive-based homologation system. As a result, the homologation of both utility and recreational All-Terrain Vehicles (ATVs) is regulated by Regulation (EU) 167/2013 (T) and Regulation (EU) 168/2013 (L). This regulatory change has directly affected the ATV market in Europe in the last 4 to 5 years. The European market is expected to grow as ATV manufacturers have already started complying with the EU requirements for ATV.
Therefore, Europe is estimated to be the fastest-growing market for ATVs, particularly for utility ATVs. The sale of utility ATVs is projected to increase during the forecast period.
The All-Terrain Vehicle Market is dominated by global players and comprises several regional players as well. The key players in the All-Terrain Vehicle Market are Polaris Industries (US), Textron (US), Honda (Japan), Kawasaki (Japan), Suzuki (Japan), Yamaha (Japan), and BRP (Canada).
Browse Related Reports:
Recreational Boats Market by Boat Type (Outboard boats, Inboard boats/stern type, Sail boats/Yachts, Personal Watercraft, Inflatable), Power source, Activity Type (Watersports + Cruising, Fishing), Distribution Channel, and Region - Global Forecast to 2027
E-Bike Market by Class (Class-I, II & III), Battery (Li-Ion, Li-Ion Polymer, Lead Acid, Other), Motor (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed (<25 & 25-45 kmph) and Region - Global Forecast to 2027
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/all-terrain-vehicle-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/all-terrain-vehicle.asp
SOURCE MarketsandMarkets
Filed Under: Business
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