All-Terrain Vehicle Market Analysis

All-Terrain Vehicle Segmentation

Application (Mountaineering, Military, Agriculture)

The agriculture segment is estimated to hold 38% share of the all-terrain vehicle market by 2037. The growth of the segment can be attributed to the increasing use of all-terrain vehicles for agricultural purposes. The light footprints of these vehicles that don’t harm the agriculture areas, along with their speed, are the features that make them appropriate for agriculture activities. The ATVs are used in the agriculture sector for various activities such as animal handling, weed control, field plowing, and others. Moreover, ATVs provide easy to perform agricultural activities in desert areas. As a result, all these factors are expected to drive the growth of the agriculture segment in the market. As per the estimates in 2021, more than 35 percent of the total world’s food that includes half its livestock, are produced in dry areas.

Engine (<400, 400-800, >800 CC)

The all-terrain vehicle market from 400-800 CC segment is expected to garner a significant share of around 41% in the year 2037. This growth is attributed to the presence of large storage capacity of the engines, that are used for transporting supplies. Moreover, the manufacturers are focusing on 400-800 CC engines in order to cater the demands of various end users. Similarly, the >800 CC engine segment is also predicted to have a significant growth over the forecast period. These engines are generally adopted for the sports, and events that requires a large engine providing a competitive advantage to the participants. In addition, they are high opted for desert by the tourists for the sight viewing, or desert race events. Therefore, all these factors are anticipated to provide opportunities for the growth of the segment in the market.

Our in-depth analysis of the global market includes the following segments: