Press release
Global Demand For All-terrain Vehicle To Surpass USD 5.0 billion by 2027 - Yamaha Corporation, Arctic Cat Inc., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Suzuki Motor Corporation
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An all-terrain vehicle (ATV) is a vehicle designed for off-road use, typically with four wheels, and often with large, low-pressure tires for increased traction. They are widely used for recreation, farming, and other utility purposes.
ATVs are typically used for recreation, but they can also be very useful for farming and other utility purposes. For example, ATVs can be used to haul supplies or equipment over rough terrain, or to access remote areas that would be difficult to reach by other means.
Key Players
Yamaha Corporation
Arctic Cat Inc.
Honda Motor Co. Ltd.
Kawasaki Heavy Industries Ltd.
Suzuki Motor Corporation
Textron Inc
BRP Inc
CFMOTO Inc.
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Key Trends and Drivers
The market is driven by various factors, such as the increasing demand for all-terrain vehicles from the military, law enforcement, and commercial sectors and the growing popularity of all-terrain vehicles for recreational purposes.
The key trend in the All Terrain Vehicle market is the increasing demand for advanced features in All Terrain Vehicles. The manufacturers are offering advanced features such as traction control, electronic stability control, and all-wheel drive to meet the rising demand from consumers.
The all-terrain vehicle market is classified into four segments, namely, by product type, by application, by end-user, and by geography.
Market Segments
By Type
Three-wheeler
Four-wheeler
Six-wheeler
Eight-wheeler
By Application
Personal
Professional
Military & Defense
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