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2023 All-Terrain Vehicle (ATV) Market Report: Size, Share, Price, Trends, Growth And Detailed Analysis, Forecast To 2032
All-Terrain Vehicle (ATV) Market
All-Terrain Vehicle (ATV) Market Size, Growth Rate, And Forecast
The global all-terrain vehicle (ATV) market size grew from $3.47 billion in 2022 to $3.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The all-terrain vehicle (ATV) market size is expected to grow to $4.95 billion in 2027 at a CAGR of 7.5%.
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All-Terrain Vehicle (ATV) Market Drivers
The increase in expenditure on off-trailing activities and outdoor sports activities is expected to propel the growth of the all-terrain vehicle (ATV) market. The popularity of adventurous activities and outdoor sports activities is growing among the adult population, as they are looking out for entertainment from their high-paced working lifestyle.
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All-Terrain Vehicle (ATV) Market Segments
1) By Vehicle Type: Utility ATV, Sports ATV, Recreational, Other Vehicles
2) By Displacement: Low, Mid, High
3) By Application: Sports, Entertainment, Agriculture, Military, Hunting
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the All-Terrain Vehicle (ATV) Market.
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All-Terrain Vehicle (ATV) Market Key Players
Major competitors in the All-Terrain Vehicle (ATV) Market include Bombardier Recreational Products (BRP), Suzuki Motors Corporation, Kawasaki Motors Corporation, HiSun Motors, Yamaha Motor Co., Ltd., Polaris Industries Inc., Textron Industries, Honda Motor Co., Deere & Company, (NYSE: DE), Taiwan Golden Bee (TGB) Co., Ltd., Can-Am, and Zhejiang CFMoto Power Co., Ltd
The Business Research Company's "Global All-Terrain Vehicle (ATV) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The All-Terrain Vehicle (ATV) Market Include:
1. Executive Summary
2. All-Terrain Vehicle (ATV) Market Characteristics
3. All-Terrain Vehicle (ATV) Market Trends And Strategies
4. All-Terrain Vehicle (ATV) Market - Macro Economic Scenario
5. All-Terrain Vehicle (ATV) Market Size And Growth
.......
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 Potential Analysis
30. Appendix
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