All-terrain Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

All-terrain Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Automotive Manufacturing

Report Description

All-terrain vehicles (ATVs) are vehicles with treads or wheels with low pressure tires. They are saddle straddled by riders and have handle bars for steering controls. ATVs are designed to travel off-road. These vehicles are also known as quads, quad bikes, three-wheelers, four-wheelers or quadricycles. All-terrain vehicles possess the strength or endurance to cover miles of terrain full of dirt, sand, mud, gravel, and rocks. All-terrain vehicles were first introduced in the 1970s. These vehicles are specifically designed for outdoor and off-road terrain. Apart from excellent off-road capabilities, all-terrain vehicles can carry heavy equipment for miles on locations having narrow access points, where it would not be possible to ride larger vehicles.

All-terrain vehicles offer many advantages over normal utility vehicles (UTVs) like excellent off-road capabilities, ability of carrying heavy equipment for miles on locations having narrow access points, where it would not be possible to ride larger vehicles. These vehicles can also be modified for high-performance riding. These advantages provided by the all-terrain vehicles are expected to boost the all-terrain vehicles market during the forecast period.

Efforts undertaken to improve the technology used in ATVs such as the addition of power steering, four-wheel independent suspension, electronic fuel injection, and complex four-wheel drive systems are expected to fuel the all-terrain vehicles market during the forecast period. The development of electric ATVs are expected to help reduce emissions and noise along with their  low cost are expected to further boost the all-terrain vehicles market during the forecast period.

The increasing risk of accidents caused due to the use of the ATVs flipping or rolling are expected to restrict the all-terrain vehicles market during the forecast period.

Based on type, the all-terrain vehicles market is segmented into: utility ATVs, sports ATVs, and four wheel drive sport ATVs. Utility ATVs are the most used type of ATVs. These ATVs are larger and heavier than sports ATVs and are designed for heavy work operations. They usually have lower gearing with more torque carrying capacity. Sports ATVs are usually equipped with stiffer suspensions, lower center of gravity, and are lighter weight as compared to utility ATVs. Sports ATVs are provided with higher and more efficient engines, providing them the ability to reach and maintain high speeds for extended periods of time. This makes the sports ATVs suitable for sporty recreational and racing applications. Four-wheel drive sport ATVs have been developed to provide the combined features of both sports as well as utility ATVs. These vehicles are provided with four-wheel drive and plush suspensions to allow them to operate on rougher terrains.

In terms of type of engine used in ATVs, the market is classified into two-stroke engine and four-stroke engine. In the four stroke engine, there are four different strokes of the piston in the cylinder: intake, compression, combustion, and exhaust. While, in the two stroke engine the exhaust and intake are combined into one stroke and compression and combustion are combined into another. Two-stroke engines are simpler, lighter, and generate twice the power and are primarily used in applications where the power-to-weight ratio is a crucial factor. However, two-stroke engines produce more pollution as compared to four-stroke engines, since the exhaust and intake occurs at the same time. This has led to efforts for phasing out two-stroke engines in the last few years. Four-stroke engines are heavier, more complex, produce much less noise, and are more fuel efficient.

Based on the number of wheels, the all-terrain vehicles market is segregated into two-wheeled, three-wheeled, and four-wheeled ATVs. In terms of source of power for operation, the market is segmented into gas-charged ATVs and electric ATVs. Electric ATVs help reduce emissions as compared to gas charged ATVs, and thus find promising applications in agriculture.

Based on the type of braking system, the all-terrain vehicles market is classified into hydraulically actuated disc brake, drum brake, combination of disc and drum brake, and others. Hydraulically actuated disc brake can involve either single hydraulic actuation or double hydraulic actuation. Disc brakes are more commonly used as compared to drum brakes owing to their advantages such as higher braking torque, less wear and tear, and easy maintenance and handling. In terms of end-use application, the all-terrain vehicles market is divided into sports & recreation, outdoor riding & trekking, and ranching & agriculture.

Based on the geography, the all-terrain vehicles market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The all-terrain vehicles market in North America is expected to dominate the global market due to the booming automotive industry, increase in outdoor trailing, and sport recreational activities in the region.

Key players operating in the all-terrain vehicles market are Yamaha Motor Co. Ltd., Honda Motor Co. Ltd., Kawasaki Motors Corp., Suzuki Motor Corporation, Polaris Industries Inc., Arctic Cat Inc. and Bombardier Recreational Products (BRP).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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