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Global ATV Market 2017-2021

Global ATV Market 2017-2021

About ATV

All-terrain vehicle (ATV), also known as quad bike or quadricycle, is a vehicle that is designed to travel through a variety of terrains. It has four wheels with low pressure tires; it is steered using handlebars. Depending on vehicle size, ATVs are (usually) equipped with up to 2 seats, which are generally made of plastic. The global ATV market is growing due to increased adoption in applications such as defense; agriculture; off-road transport in mountainous, snowy, forested, or desert regions; and recreational or sporting activities.

Technavio’s analysts forecast the global ATV market to grow at a CAGR of 2.88% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global ATV market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global ATV Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BRP
  • Honda Motors
  • Polaris Industries
  • Yamaha Motor
Other prominent vendors
  • Arctic Cat
  • Suzuki Motor
Market driver
  • Lower maintenance cost of e-ATVs
  • For a full, detailed list, view our report
Market challenge
  • Range concerns of e-ATVs
  • For a full, detailed list, view our report
Market trend
  • Increasing ATV experience zones
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Press Release

Technavio Announces the Publication of its Research Report – Global ATV Market 2017-2021

Technavio recognizes the following companies as the key players in the global ATV market: BRP, Honda Motors, Polaris Industries, and Yamaha Motor.

Other Prominent Vendors in the market are: Arctic Cat and Suzuki Motor.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing ATV experience zones. ATV manufacturers are promoting the adoption of these vehicles by creating experience zones. In North America, ATV manufacturers such as Arctic Cat, BRP, Yamaha Motor, and Honda Motors formed an association that conducts off-road sport and racing events to boost ATV market.”

According to the report, one driver in the market is lower maintenance cost of e-ATVs. Electric ATVs (e-ATVs) have an electric powertrain that lowers environmental pollution and excessive vehicle sound. Since the electric powertrain already contains battery, controller, and motor/generator device to power the wheels, it eliminates the need for gas powered engine and other mechanical components. Lesser the number of mechanical components, lower the maintenance cost. In addition, the cost of electrically charging vehicles is less than the conventional fuel cost. Therefore, with the use of e-ATVs, the total maintenance cost of ATVs reduces significantly. This will push more customers to adopt these vehicles.

Further, the report states that one challenge in the market is range concerns of e-ATVs. Globally, almost all major automotive market countries are enforcing stringent vehicle emission and consumption norms, driving the electric vehicle market growth during the forecast period. To bring down the noise and emission pollutions, ATV manufacturers have come up with e-ATVs. However, owing to their small battery, the range that the vehicle can cover on a full charge reduces. High torque and power requirements quicken the discharging rate of the battery in e-ATVs, which further affects the vehicle range.

Companies Mentioned

BRP, Honda Motors, Polaris Industries, and Yamaha Motor, Arctic Cat and Suzuki Motor.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Regulatory framework
  • Market landscape
    • Market overview
      • Table Global ATV market
    • Market size and forecast
      • Table Global ATV market 2016-2021 2016-2021 (units in thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Segmentation of global ATV market based on application 2016 (% share)
      • Table Segmentation of global ATV market based on application 2021 (% share)
    • Market size and forecast
      • Table Global utility ATV market 2016-2021 (units in thousands)
      • Table Global sports ATV market 2016-2021 (units in thousands)
  • Geographical segmentation
    • Market overview
      • Table Segmentation of global ATV market based on geography 2016 (% share)
      • Table Segmentation of global ATV market based on geography 2021 (% share)
    • ATV market in Americas
      • Table ATV market in Americas 2016-2021 (units in thousands)
    • ATV market in EMEA
      • Table ATV market in EMEA 2016-2021 (units in thousands)
    • ATV market in APAC
      • Table ATV market in APAC 2016-2021 (units in thousands)
  • Key leading countries
    • Table Global ATV market: Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table US ATV riders age distribution chart 2013
  • Market trends
    • Increasing ATV experience zones
    • Environment-friendly e-ATVs
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • BRP
      • Table BRP: Recent developments
    • Honda Motors
      • Table Honda ATV: Product portfolio
      • Table Honda Motors: Recent developments
    • Polaris Industries
      • Table Polaris Industries: Product portfolio
      • Table Polaris Industries: Recent developments
    • Yamaha Motor
      • Table Yamaha Motor: ATV product portfolio
      • Table Yamaha Motor: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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