Market Summary
Research Methodology on All-Terrain Vehicle (ATV) Market
The research methodology adopted for this research report on the All-Terrain Vehicle Market is designed to provide an in-depth assessment of the key factors influencing the global all-terrain vehicle market. This research primarily includes primary and secondary research. The secondary research includes analysis of the existing public and confidential data sources, market intelligence reports and white papers published by the manufacturers and research companies.
Primary Research:
Primary research is used to understand the market dynamics and assess the key players’ strategies and strengths. Sources of primary research include, but were not limited to, surveys, interviews, and expert forums.
Surveys:
A survey is conducted among a group of users of All-Terrain Vehicles, including the suppliers and manufacturers of all-terrain vehicles, as well as end-user customers. Through the survey, data is collected on their preferences, selection criteria, and strategies used to purchase and market the all-terrain vehicles. This data is used to ascertain the current trends and insights into the market.
Interpretation & Analysis:
The data collected from primary and secondary sources are compiled, tabulated, and analytical models are designed to perform segment analysis, market segmentation, and industry analysis. The data is then validated through triangulation methodology, in which secondary research is compared to primary research and internal analysis.
Secondary Research:
Secondary research is used to analyze the existing information on the all-terrain vehicle market. It is also used to collect data from credible market intelligence sources, such as industry magazines, white papers, company reports, company websites, and trade journals. Information is gathered from varied sources, such as standardized reports and publications, newspapers, magazines, and industry associations.
Data Collation & Analysis:
The collected data is collated and evaluated based on primary and secondary research data. The data is then used to generate analytical models and market forecasts and is further used to generate the key market trends, industry growth drivers and the challenges and opportunities prevailing in the market.
Market Estimation & Forecasting:
Using the primary and secondary data, the market size of the All-Terrain Vehicle Market is estimated for the years 2023 to 2030. Various analytical methods, such as SWOT analysis, Porter’s five forces analysis, market share analysis, and other such methods are used to generate a figure of the global all-terrain vehicle market. The data is then segmented based on the different types of all-terrain vehicles, applications, and regions.
Moreover, both top-down and bottom-up approaches are used to calculate the market size of the all-terrain vehicle market. Both approaches are then cross-checked and gross market estimates are generated over the forecast period 2023 to 2030.
Data Triangulation:
Data triangulation is used to validate the data collected through various sources. This method helps to eliminate the discrepancies that are present due to data gathering from different sources.
Forecast Model:
A key driver assessment model is also designed to generate an approximate rating for the forecast of the all-terrain vehicle market. The key drivers include macroeconomic and secondary factors. The model has a qualitative and quantitative approach, which is used to generate an industry-wide scenario and correlation of their impact on the all-terrain vehicle market.
Time Frame:
The published research report conducts the study of the said market segment over a period of a few months, beginning from March 2022 to December 2022. During this period, several activities, ranging from primary and secondary research to data triangulation and data analysis, were undertaken.
Market Size & Forecast
Report Attribute/Metric | Details |
Market Size 2021 | USD 4.12 Billion |
Market Size 2022 | USD 4.63 Billion |
Market Size 2030 | USD 8.79 Billion |
Compound Annual Growth Rate (CAGR) | 8.32% (2024-2030) |
Base Year | 2023 |
Market Forecast Period | 2024-2030 |
Historical Data | 2018 & 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | vehicle Type, displacement, Application, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Honda Motor Company, Ltd. (Japan), Polaris Industries Inc. (U.S.), Yamaha Motor Company Limited (Japan), Bombardier Recreational Products (Canada), and Arctic Cat (U.S.). Kawasaki Heavy Industries Ltd. (Japan), Suzuki Motor Corporation (Japan), CFMOTO Powersports Inc. (U.S.), KTM AG (Austria), BMW (Germany) |
Key Market Opportunities | Higher purchasing power and spending capacity of individuals and societies |
Key Market Dynamics | Increasing investments in recreational activities |
Major Players
All-Terrain Vehicle Market Segmentation
All-Terrain Vehicle Type Outlook (USD Billion, 2018-2030)
Sports Utility
Utility
Recreational
Sports
Touring
Others
All-Terrain Vehicle Displacement Outlook (USD Billion, 2018-2030)
Low
Mid
High
All-Terrain Vehicle Application Outlook (USD Billion, 2018-2030)
Sports
Entertainment
Agriculture
Military
Hunting
Others
All-Terrain Vehicle Regional Outlook (USD Billion, 2018-2030)
North America Outlook (USD Billion, 2018-2030)
North America All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
North America All-Terrain Vehicle by Displacement
Low
Mid
High
North America All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
US Outlook (USD Billion, 2018-2030)
US All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
US All-Terrain Vehicle by Displacement
Low
Mid
High
US All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
CANADA Outlook (USD Billion, 2018-2030)
CANADA All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
CANADA All-Terrain Vehicle by Displacement
Low
Mid
High
CANADA All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Europe Outlook (USD Billion, 2018-2030)
Europe All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Europe All-Terrain Vehicle by Displacement
Low
Mid
High
Europe All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Germany Outlook (USD Billion, 2018-2030)
Germany All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Germany All-Terrain Vehicle by Displacement
Low
Mid
High
Germany All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
France Outlook (USD Billion, 2018-2030)
France All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
France All-Terrain Vehicle by Displacement
Low
Mid
High
France All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
UK Outlook (USD Billion, 2018-2030)
UK All-Terrain Vehicle by Vehicle Type
Metal
Polymer
Others
UK All-Terrain Vehicle by Displacement
Minimally Invasive Spine Displacement
Open Spine Displacement
UK All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
ITALY Outlook (USD Billion, 2018-2030)
ITALY All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
ITALY All-Terrain Vehicle by Displacement
Low
Mid
High
ITALY All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
SPAIN Outlook (USD Billion, 2018-2030)
Spain All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Spain All-Terrain Vehicle by Displacement
Low
Mid
High
Spain All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Rest Of Europe Outlook (USD Billion, 2018-2030)
REST OF EUROPE All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
REST OF EUROPE All-Terrain Vehicle by Displacement
Low
Mid
High
REST OF EUROPE All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Asia-Pacific Outlook (USD Billion, 2018-2030)
Asia-Pacific All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Asia-Pacific All-Terrain Vehicle by Displacement
Low
Mid
High
Asia-Pacific All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
China Outlook (USD Billion, 2018-2030)
China All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
China All-Terrain Vehicle by Displacement
Low
Mid
High
China All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Japan Outlook (USD Billion, 2018-2030)
Japan All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Japan All-Terrain Vehicle by Displacement
Low
Mid
High
Japan All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
India Outlook (USD Billion, 2018-2030)
India All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
India All-Terrain Vehicle by Displacement
Low
Mid
High
India All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Australia Outlook (USD Billion, 2018-2030)
Australia All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Australia All-Terrain Vehicle by Displacement
Low
Mid
High
Australia All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)
Rest of Asia-Pacific All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Rest of Asia-Pacific All-Terrain Vehicle by Displacement
Low
Mid
High
Rest of Asia-Pacific All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Rest of the World Outlook (USD Billion, 2018-2030)
Rest of the World All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Rest of the World All-Terrain Vehicle by Displacement
Low
Mid
High
Rest of the World All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Middle East Outlook (USD Billion, 2018-2030)
Middle East All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Middle East All-Terrain Vehicle by Displacement
Low
Mid
High
Middle East All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Africa Outlook (USD Billion, 2018-2030)
Africa All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Africa All-Terrain Vehicle by Displacement
Low
Mid
High
Africa All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
Latin America Outlook (USD Billion, 2018-2030)
Latin America All-Terrain Vehicle by Vehicle Type
Sports Utility
Utility
Recreational
Sports
Touring
Others
Latin America All-Terrain Vehicle by Displacement
Low
Mid
High
Latin America All-Terrain Vehicle by Application
Sports
Entertainment
Agriculture
Military
Hunting
Others
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