All Terrain Vehicles ATV Market Report 2025 (Global Edition)

Global All Terrain Vehicles ATV Market Report 2025 Market Size Split by Fuel Type (Gasoline, Diesel, Electric, Solar), by Application (Sport ATVs, Recreational/Entertainment, Agriculture, Side-by-Side...

All Terrain Vehicles ATV Market Report Description

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News Section

• August 2022

Polaris has announced its 2023 lineup, comprising a dynamic mix of rider-inspired vehicle updates, fresh new looks, and the expansion of RIDE COMMAND+ features. The Model Lineup includes 2023 RANGER XP 1000 NorthStar, RANGER 1000 Premium, RANGER XP 1000 CREW, RZR Pro R, RZR Turbo R, RZR XP 1000, RZR Trail, GENERAL XP 1000 Ultimate, GENERAL XP 1000 Premium, GENERAL 1000 Sport, Sportsman 450, Sportsman 1000, Outlaw 70 EFI Limited Edition, Phoenix 200, Outlaw 110 EFI and others.

• September 2021

Polaris Delivers Its Most Powerful & Advanced Side-By-Sides of All Time With RZR Pro R and RZR Turbo R

• November 2022

Honda Announces Small-Displacement ATVs for 2023
The FourTrax Recon, TRX250X, and TRX90X are three small-displacement ATVs that American Honda has confirmed to return in 2023. These models demonstrate the broad range of capabilities of Honda's light-duty ATVs, which vary from on-the-job usefulness to weekend fun.

• August 2022

Yamaha Launches 2023 Proven Off-Road ATV and Side-by-Side Lineup
Yamaha Motor Corp., USA, reveals its 2023 model year lineup of Proven Off-Road ATV and Side-by-Side (SxS) vehicles. The models include

Recreational SxS Lineup: Wolverine RMAX2 1000, RMAX4 1000, X2, and X4
Pure Sport SxS Lineup: YXZ1000R SS and YXZ1000R
Utility SxS Lineup: Viking and Viking VI
Utility ATV Lineup: Grizzly, Kodiak 700, and Kodiak 450
Sport ATV Lineup: Raptor 700, Raptor 700R and YFZ450R
Youth ATV Lineup: Grizzly 90, Raptor 90, and YFZ50

• August 2021

Yamaha Celebrates 4 million Units Assembled in Newnan, GA
Yamaha has invested more than $380 million into U.S. manufacturing to create a world-class facility in Newnan. The facility covers 280 acres with more than 1.3 million square feet of manufacturing facilities, giving it a massive physical footprint in Newnan.
The Newnan plant complex is where Yamaha manufactures all of its Side-by-Sides, full-size ATVs, WaveRunners, and Golf Cars for global distribution.

Top Companies Market Share in All Terrain Vehicles ATV Industry: (In no particular order of Rank)

• Polaris Inc.
• American Honda Motor Co. Inc.
• Bombardier Recreational Products Inc
• Yamaha Motor Corporation U.S.A.
• Arctic Cat Inc
• Kawasaki Motors Corp.
• CFMOTO UK
• Jiangsu LINHAI Power Machinery Group Co. Ltd
• Textron Inc.
• Suzuki motor corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Which Region Dominates the All-Terrain Vehicle Market?

Market is fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to have the highest market share followed by Europe. Significantly higher disposable income, spending capacity, and availability of off-roading destinations are among the factors driving growth in these regions. Additionally, manufacturers’ focus on producing energy-efficient and electrical ATVs also contributes to the growth of ATVs in this region.

The north America region has shown prominent growth in the all-terrain markets and has substantial market for the all-terrain vehicles. This grow is subjected to positive change in the consumer behavior and preferences which is fueling the increasing demand of all terrain vehicles in the region of north America. The all-terrain market is not just limited to civilian usage but it also has substantially military and agricultural applications. The region has developed nations like US, Canada that contribute major revenue portions in the market of all-terrain vehicles.
The all-terrain vehicle market has witness significant revenue growth this is factored with increasing civilian interesting adventure actives involving increasing demand for the all-terrain vehicles that provides an excellent combination of off road capabilities and long road trip cruising. The military usage of these all terrain vehicles has also substantially contributed to the revenue increase with country like US having largest military and defense budget across regions. The states army is constantly increasing investment in modernizing and introducing all terrains vehicles fleet. 

Apart from the increasing military contribution toward the growth of the all-terrain vehicle market the civilian usage has also increased sustainably leading major companies across region actively investing in expansion in the north American region. The key players of the all-terrain vehicle market have actively expanding their manufacturing and production lines in north America catering to increasing demand for ATVs. 

The region has shown tremendous growth of all-terrain vehicles market as the consumer are more interest into outdoor activates, off road adventures and increasing popularity of all terrain vehicles based content. Alongside side the military and agricultural usage has also been active contributors to the increase demand and revenue in the north America region. 

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is estimated to witness a higher CAGR in the forecasted period.

The Asia pacific has substantial market for all terrain vehicles market in the region. As the region is experiencing increasing tourism and growing border conflicts among the region is leading to both civilian and military application of the market to generate significant revenue. The rise of conflicts is amongst Asian nations is resulting to increasing market spending for military and defence segment me and countries active generating revenue in the market. the region is hotspot for many manufacturer looking to expand in the region. The developing economics geography located in the region possess potential for market growth and substantial return of investment in the market for all terrain vehicles. In recent times many start-ups have emerged primarily manufacturing all terrain vehicle and this I due to the increase tourism the region as the region has popular tropical vacation location is fuels the growing popularity of all terrains vehicles

 

The current report Scope analyzes All Terrain Vehicles ATV Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

All Terrain Vehicles ATV Market Analysis

The market of fragmented into sports ATVs, recreational/entertainment, agriculture, side-by-side ATVs, utility ATVs, military and defense, and children's ATVs. The recreational/entertainment segment is estimated to show a significant market share in 2021. The rising disposable income and increasing tourism activities are among the few factors creating buzz for recreational/entertainment. ATVs are been made available on several; tourist spots such as hiking, camping, mountain, beach, etc. on a rental basis where people can enjoy the ride.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of All Terrain Vehicles ATV Industry. Request a Free Sample PDF!

The market for all terrain vehicle has rapidly contributing towards increasing revenue sales and investment across regions. The market segmentation is based on the type of all-terrain vehicle (sports utility agriculture and military) this segmentation is important market of the revenue generation as the emerging segment like utility and agriculture and substantially contributing to the increase market share and segment wise revenue and the military all terrain vehicle has witness significant rise due to increase conflicts and militaries across regions investing in morning and interacting new generation technologically advance all terrain vehicles in their fleets. 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

All Terrain Vehicles ATV Wheel Number Segment Analysis

The ATV market is fragmented into 4-wheeled ATVs and 3-wheeled ATVs. The 4-wheeled ATVs account for the highest market share as they improve traction in dangerous driving conditions offering better control and grip on the road. Thus, 4-wheeled ATVs are been largely deployed in agriculture, recreational and sports activities, military purpose, etc. which drive sales of 4-wheeled ATVs in the market.
However, owing to the mounting number of injuries and death cases associated with 3-wheeled ATVs, the sales of 3-wheeled ATVs have been negatively impacted. Nations including the United States have also restricted the sale of three-wheelers ATVs due to the high incidence of injury associated with their use, especially by children.

• 4 wheeled ATV
• 3 wheeled ATV

All Terrain Vehicles ATV Engine Capacity Segment Analysis

• <400cc
• 400-800cc
• >800cc

All Terrain Vehicles ATV drive type Segment Analysis

The segmentation is based on the number of wheel that are powered by the engine. Rear wheel drive is when only the rear wheels are powered by the engines, 4-wheel drive is when front and rear driveshaft’s are lock together and all-wheel drive is all the 4 wheels are powered by the engine equally distributing the power. This segmentation plays a crucial role as the drive type determines the consumer base in the market. 
The all-wheel drive and 4-wheel drive are major contributor of revenue for this segment type. The utility, agriculture and military segmental revenue is based on this as the requirement to perform complicated tasks in difficult terrains.

• Rear wheel drive
• 4-wheel driver
• All wheel drive (AWD)

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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