Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the All-Terrain Vehicle (ATV) Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the All-Terrain Vehicle (ATV) Market Grow Between 2024 and 2025?
The market size of the all-terrain vehicle (ATV) has seen consistent growth in recent times. Its worth is set to increase from $3.71 billion in 2024 to $3.85 billion in 2025, progressing at a compound annual growth rate (CAGR) of 3.9%.
How Much Will the All-Terrain Vehicle (ATV) Market Be Worth in 2029?
The market size for all-terrain vehicles (ATVs) is predicted to reach $4.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2%.
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Which All-Terrain Vehicle (ATV) Market Drivers Are Linked to Revenue Growth?
The key drivers in the all-terrain vehicle (atv) market are:
• Growth in urban and suburban recreational use of ATVs
• Implementation of stringent emission standards
• Introduction of advanced safety features in ATVs
• Rising demand in emerging markets
Which Segments Are Expected to Grow in the All-Terrain Vehicle (ATV) Market?
The all-terrain vehicle (atv) market covered in this report is segmented –
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
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What Are The Key Trends Impacting Growth In The Global All-Terrain Vehicle (ATV) Market?
The key trends in the all-terrain vehicle (atv) market are:
• Electric ATV models are a significant emerging trend.
• Autonomous ATV technologies are increasingly shaping the future.
• The use of lightweight and high-performance materials is a key upcoming trend.
• Integration of connectivity and IoT is a significant factor influencing the market.
Who Are the Key Competitors in the Global All-Terrain Vehicle (ATV) Market?
Major players in the all-terrain vehicle (atv) market are:
• Bombardier Recreational Products Inc.
• Suzuki Motors Corporation
• Kawasaki Motors Corporation
• HiSun Motors Corp.
• Yamaha Motor Co. Ltd.
• AISIN SEIKI Co. Ltd.
• Honda Motor Co. Ltd.
• Polaris Industries Inc.
• TEAM Industries Inc.
• Arctic Cat Inc.
• Deere & Company
• KTM AG
• Can-Am Off-Road
• Textron Inc.
• CFMOTO Powersports Inc.
• Kwang Yang Motor Co. Ltd.
• Linhai Industrial Share Co. Ltd.
• TGB Group
• Kandi Technologies Group
• Kymco USA Inc.
• Massimo Motor Sports
• ODES Industries LLC
• Suzuki Motorcycle Corporation
• Apollo io
• BMS Motorsports
• Maxtrade LLC
• Hammerhead Off-Road Inc.
• Chongqing TaoTao Technology Co. Ltd.
• Trailmaster Inc.
• DRR USA Inc.
Where Is the All-Terrain Vehicle (ATV) Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the all-terrain vehicle (ATV) market in 2024
