All-Terrain Vehicle Market Projections 2025 by Top Players BRP, Arctic Cat, American Honda Motor Company, Inc., Kawasaki Motors Corp., U.S.A., CFMOTO Powersports Inc, Suzuki Motor of America, Inc., Yamaha Corporation of America
Global all-terrain vehicle market is rather regulatory driven, subject to several records of injuries having occurred due to dearth of proper know-how with regards to its usage. According to stringent regulations enforced by the United States CPSC (Consumer Product Safety Commission) children below sixteen years are not allowed to drive ATVs and for adults, wearing safety garments like helmets, boots, long pants, and gloves is a mandate.
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In addition, another well-known automaker, Jaguar made it to the headlines a couple of years back for planning to make various design variations in its Range Rover platform to make it feasible for ATVs. The development of highly advanced ATVs comprising various innovative features such as keyless entry, Wi-Fi hotspot, and powered gesture tailgate will thus boost all-terrain vehicle market share over the years ahead.
Furthermore, it is imperative to state that Honda has also developed an autonomous ATV for off-road work such as firefighting, rescue missions, and agricultural purposes, in which the company has implemented varieties of attachments that would help carry out the aforementioned functions. The deployment of such multipurpose ATVs, undeniably, is slated to stimulate all-terrain vehicle market outlook.
With the surging inventions of novel agricultural equipment, farmers have been working toward major land cultivation, focusing on increasing productivity. The availability of innovative farming equipment has indeed reduced the generation gap between tradition and present farming technology. The involvement of technology in the agricultural sector is thus likely to prove beneficial for the smoother transition of agricultural management to next generation farming, setting the base for the expansion of all-terrain vehicle market.
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At present, ATVs are prominently gaining popularity across the defense sector, pertaining to their ease of application for border patrolling and other military activities. These vehicles offer advanced off-road technology and superior mobility at a very affordable price, which is one of the factors driving all-terrain vehicle industry size. In fact, several regional governments have also been establishing joint ventures with leading giants in all-terrain vehicle market.
The increasing upgradation in existing vehicle technology with advanced infotainment systems and installation of advanced safety features, undoubtedly is slated to propel all-terrain vehicle (ATV) industry share. As per estimates, global all-terrain vehicle (ATV) market size will surpass USD 3.3 billion by 2025.
Table of Contents (ToC) of the report:
Chapter 5. All-Terrain Vehicle Market, By Displacement
5.1. Global all-terrain vehicles market share by displacement, 2018 & 2025
5.2. Below 400 cc
5.2.1. Global market estimates and forecasts, 2013 - 2025
5.2.2. Market estimates and forecast, by region, 2013 - 2025
5.3. 400 - 800
5.3.1. Global market estimates and forecasts, 2013 - 2025
5.3.2. Market estimates and forecast, by region, 2013 - 2025
5.4. Above 800 cc
5.4.1. Global market estimates and forecasts, 2013 - 2025
5.4.2. Market estimates and forecast, by region, 2013 - 2025
Chapter 6. All-Terrain Vehicle Market, By Application
6.1. Global all-terrain vehicles market share by application, 2018 & 2025
6.2.1. Global market estimates and forecasts, 2013 - 2025
6.2.2. Market estimates and forecast, by region, 2013 - 2025
6.3.1. Global market estimates and forecasts, 2013 - 2025
6.3.2. Market estimates and forecast, by region, 2013 - 2025
6.4.1. Global market estimates and forecasts, 2013 - 2025
6.4.2. Market estimates and forecast, by region, 2013 - 2025
6.5.1. Global market estimates and forecasts, 2013 - 2025
6.5.2. Market estimates and forecast, by region, 2013 - 2025
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