All-terrain Vehicle Market Expected to Deliver Dynamic Progression until 2027

Posted by Arslan on January 15th, 2020

All-terrain vehicles are automobiles that are certified according to the standards of the American National Standards Institute (ANSI), which are capable of mobility on low pressure tires, a specialized seat for straddling by the user, and steering controls through handlebars. These vehicles are popular owing to easier access to remote and rural areas, applications in combat areas, and potential for replacing conventional pack animals.

The global all-terrain vehicle (ATV) market analysis report also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global all-terrain vehicle (ATV) market. Some of the key players mentioned in the research report are

  • Kawasaki Motors Corp.
  • Suzuki Motor Corporation
  • Nebula Automotive Pvt. Ltd.
  • Honda Motor Company, Ltd.
  • Many Others

The global all-terrain vehicles (ATV) market is projected to grow at a sluggish CAGR of 2 per cent till the end of the forecast period in 2027. This growth will account for USD 3.9 billion in this period. This growth will be attributed to the increased use of all-terrain vehicles for both professional and recreational applications.

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Four Wheel Drive Options to Gain Traction Owing to Higher Safety

The rapid increase in outdoor sports activity is expected to result in a higher demand for all-terrain vehicles owing to terrain navigation capabilities. Advances in terms of user friendliness and technology is also increasing the scope of the industry, which stimulates market growth, with the increase in global tourism. According to estimates by analysts all-terrain vehicles with 4 wheel drives will become the segment with the fastest growth in terms of all-terrain vehicles and will gain control of ~ 40 per cent of overall market share by the end of the forecast period. 4-wheel drive all-terrain vehicles are gaining traction especially for military and agriculture applications, even as manufacturers push efforts to better productivity, design and durability.

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