All-Terrain Vehicle Market Size

All-Terrain Vehicle Market size was valued at USD 6.04 billion in 2024 and is set to exceed USD 12.27 billion by 2037, registering over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of all-terrain vehicle is evaluated at USD 6.31 billion.

The industry growth can be attributed to the surging popularity for outdoor entertainment activities such as off-roading. Furthermore, these vehicles are opted by the people for use on unusual road that might contain slippery road condition.

An all-terrain vehicle (ATV) refers to a motorized off-highway vehicle with four low-pressure or non-pneumatic tyres, a seat meant to be straddled by the operator, and handlebars for steering control. ATVs are classified into two types based on the manufacturer. The manufacturer intends for Type I ATVs to be used by a single operator with no passengers. The manufacturer designed Type II ATVs for usage by an operator and a passenger, with a specific seating place behind the operator. Likewise, motorcyclists must consider the varied ATV sizes.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of all-terrain vehicle is evaluated at USD 6.31 billion.

The all-terrain vehicle market size was valued at USD 6.04 billion in 2024 and is set to exceed USD 12.27 billion by 2037, registering over 5.6% CAGR during the forecast period i.e., between 2025-2037. Growing government rules to drive ATVs on road, and increasing number of people participating in professional sports will drive the market growth.

North America industry is likely to hold largest revenue share of 34% by 2037, due to presence of key manufacturers in the region.

The major players in the market are Suzuki Motor Corporation, Yamaha Motor Co., Ltd., BRP, Kawasaki Heavy Industries. Ltd., KWANG YANG MOTOR CO., LTD., HISUN, KUBOTA Corporation, ZHEJIANG CFMOTO POWER CO., LTD, Polaris Inc., Textron Inc.

All-Terrain Vehicle Market Size