Increasing Expenditure on Off-Trailing Activities and Outdoor Sports Activities Drives Growth

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Global All-Terrain Vehicle (ATV) Market

Global All-Terrain Vehicle (ATV) Market

Global All-Terrain Vehicle (ATV) Market

DUBLIN, Nov. 24, 2022 (GLOBE NEWSWIRE) — The “All-Terrain Vehicle (ATV) Global Market Report 2022” report has been added. of ResearchAndMarkets.com offer

The global all-terrain vehicle (ATV) market is expected to grow from $3.20 billion in 2021 to $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%.

Major types of ATVs include utility ATVs, sports ATVs, recreational and others. Utility ATV refers to ATVs with powerful engines used for navigating various terrains. They are being used for heavy duty purposes, such as hauling cargo or plowing fields or snow. Utility ATVs fit two people comfortably and have better ground clearance. The different displacements offered on ATVs include low, medium and high and are used for sports, recreation, agriculture, military and hunting applications.

North America was the largest region in the all-terrain vehicle (ATV) market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period. Regions covered in the All-Terrain Vehicle (ATV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Increasing spending on off-trailing activities and outdoor sports activities is expected to drive the growth of the all-terrain vehicle (ATV) market. Adventure activities and outdoor sports activities are growing in popularity among the adult population, as they seek recreation from their high-speed working lifestyles. For example, according to the Bureau of Economic Analysis (BEA), in November 2020, the outdoor recreation economy accounted for 1.8% of GDP, which is $374.3 billion of US current-dollar gross domestic product (GDP). Outdoor recreation value added as a share of state GDP ranges from 4.3% in Montana to 1.2% in New York at the state level. The share was 0.8% in the District of Columbia. Therefore, increasing spending on off-trailing activities and outdoor sports activities is expected to drive the growth of the all-terrain vehicle (ATV) market.

New product innovation is a key trend gaining popularity in the all-terrain vehicle (ATV) market. Companies are emphasizing new product development to meet rapidly growing demand from end customers and to increase market share and global presence. For example, in 2021, Yamaha Motor Corp. Grizzly has announced the introduction of the utility purpose EPS XT-R with a 686 CC liquid-cooled SOHC 4-stroke engine and 3-way differential locking. Also, in September 2020, Suzuki Motors Corp. Introduced KingQuad ATV models for 2021 lineup. The 2021 KingQuad 750AXi Power Steering SE Plus for Sports Utility is equipped with independent suspension, an advanced electric power steering system and higher towing capacity to enable more comfortable operation.

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Report Features

details

Number of pages

175

Forecast period

2022 – 2026

Estimated Market Value in 2022 (USD)

$3.41 billion

Projected Market Value by 2026 (USD)

$4.21 billion

Compound annual growth rate

5.4%

Area covered

Global

scope
Markets covered:

1) By Vehicle Type: Utility ATV; Sports ATV; entertaining; other
2) by displacement: less; the middle; high
3) By Application: Sports; entertainment; agriculture; Military; victim

Key Topics Covered:

1. Executive summary

2. Characteristics of the All-Terrain Vehicle (ATV) Market

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. All-Terrain Vehicle (ATV) Market Regional and Country Analysis

8. Asia-Pacific All-Terrain Vehicle (ATV) Market

9. China All-Terrain Vehicle (ATV) Market

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10. India All-Terrain Vehicle (ATV) Market

11. Japan All-Terrain Vehicle (ATV) Market

12. Australia All-Terrain Vehicle (ATV) Market

13. Indonesia All-Terrain Vehicle (ATV) Market

14. South Korea All-Terrain Vehicle (ATV) Market

15. Western Europe All-Terrain Vehicle (ATV) Market

16. UK All-Terrain Vehicle (ATV) Market

17. Germany All-Terrain Vehicle (ATV) Market

18. France All-Terrain Vehicle (ATV) Market

19. Eastern Europe All-Terrain Vehicle (ATV) Market

20. Russia All-Terrain Vehicle (ATV) Market

21. North America All-Terrain Vehicle (ATV) Market

22. USA All-Terrain Vehicle (ATV) Market

23. South America All-Terrain Vehicle (ATV) Market

24. Brazil All-Terrain Vehicle (ATV) Market

25. Middle East All-Terrain Vehicle (ATV) Market

26. Africa All-Terrain Vehicle (ATV) Market

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

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

29. All-Terrain Vehicle (ATV) Market Future Outlook and Prospect Analysis

30. Appendix

Mention the company

  • Bombardier Recreational Products (BRP)

  • Suzuki Motor Corporation

  • Kawasaki Motor Corporation

  • Hysan Motors

  • Yamaha Motor Co. Ltd.

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

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