According to the published report, all-terrain vehicle market size is expected to reach 5 billion by 2027, while exhibiting a CAGR of 7%/ over 2021-2027. It has also been fragmented into different segments on the basis of product, displacement, applications, regions, and competitive landscapes.
The emergence of several renowned automakers in all-terrain vehicle market is likely to have a major imprint on the future of ATVs. For instance, German-based world-class automaker, Mercedes-Benz revealed its E-class ATV in 2018. In the newly revealed ATV, the company included several advanced features such as sports beefier bumpers, plastic underbody protection, and typical body cladding focusing on consumer requirements.
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In addition, another well-known automaker, Jaguar made it to the headlines a couple of years back for planning to make various design variations in its Range Rover platform to make it feasible for ATVs. The development of highly advanced ATVs comprising various innovative features such as keyless entry, Wi-Fi hotspot, and powered gesture tailgate will thus boost all-terrain vehicle market share over the years ahead.
Furthermore, it is imperative to state that Honda has also developed an autonomous ATV for off-road work such as firefighting, rescue missions, and agricultural purposes, in which the company has implemented varieties of attachments that would help carry out the aforementioned functions. The deployment of such multipurpose ATVs, undeniably, is slated to stimulate all-terrain vehicle market outlook.
With the surging inventions of novel agricultural equipment, farmers have been working toward major land cultivation, focusing on increasing productivity. The availability of innovative farming equipment has indeed reduced the generation gap between tradition and present farming technology. The involvement of technology in the agricultural sector is thus likely to prove beneficial for the smoother transition of agricultural management to next generation farming, setting the base for the expansion of all-terrain vehicle market.
At present, ATVs are prominently gaining popularity across the defense sector, pertaining to their ease of application for border patrolling and other military activities. These vehicles offer advanced off-road technology and superior mobility at a very affordable price, which is one of the factors driving all-terrain vehicle industry size. In fact, several regional governments have also been establishing joint ventures with leading giants in ATV market.
Considering the vast expanse of all-terrain vehicle market, companies have been constantly focusing on new product developments in order to expand their product portfolios. In fact, performance and versatility are the major design factors that researchers have been concentrating on, of late.
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Partial Chapter of the Table of Content
Chapter 5 All-Terrain Vehicle Market, By Product
5.1 Key trends, by product
5.2.1 Market estimates and forecast, 2016 – 2027
5.3.1 Market estimates and forecast, 2016 – 2027
Chapter 6 All-Terrain Vehicle Market, By Displacement
6.1 Key trends, by displacement
6.2 Below 400cc
6.2.1 Market estimates and forecast, 2016 – 2027
6.3 400cc – 800cc
6.3.1 Market estimates and forecast, 2016 – 2027
6.4 Above 800cc
6.4.1 Market estimates and forecast, 2016 – 2027
Chapter 7 All-Terrain Vehicle Market, By Application
7.1 Key trends, by application
7.2.1 Market estimates and forecast, 2016 – 2027
7.3.1 Market estimates and forecast, 2016 – 2027
7.4.1 Market estimates and forecast, 2016 – 2027
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