Four-Wheeled Drive All-Terrain Vehicles Market to Reach a Valuation of US$ 3.9 Bn by the End of 2027

Fact.MR reveals in its newest report that the global all-terrain vehicle market will witness a fourfold growth to reach a valuation of US$ 3.9 Bn by the end of 2027. The all-terrain vehicle market is currently in its infancy, but the need for mechanization in difficult terrain is boosting its demand. Robust growth has occurred over the past two years, with consistent demand from individuals, hospitality sector, adventure parks, and off-road enthusiasts.

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Efforts to improve the technology used in all-terrain vehicles such as power steering, electronic fuel injection and four-wheel independent suspension are expected to fuel the demand for all-terrain vehicles during the forecast period. Moreover, the implementation of annual motorsport competitions have given the tourism industry a significant boost, benefiting the all-terrain vehicle market.

all terrain market 02

Key Takeaways of the All-Terrain Vehicle Market

  • North America, with the highest production and sales volume of all-terrain vehicles is expected to garner a market share of fifty percent during the forecast period
  • Countries like the U.S. and Canada house a large number of manufacturers of efficient utility terrain vehicles with sophisticated features
  • The U.S. Forest Service has launched the Program for Travel Management & Off-Highway Vehicles (OHV) to raise awareness of trail quality which is boosting the global all-terrain vehicle market
  • Europe is projected to be the main growth pocket in the global market, driven by the growing use of all-terrain vehicles in the industrial and agricultural sectors
  • During the forecast period, the growing risk of accidents caused by the use of flipping or rolling of all-terrain vehicles is expected to limit the demand for all-terrain vehicles

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Global All-Terrain Vehicle Market: In-Depth Assessment on Key Segments

The global all-terrain vehicle market is segmented on the basis of drive type, fuel type, seating capacity, application, age group, number of wheels and region.

Drive Type
  • 2WD
  • 4WD
  • AWD
Fuel Type
  • Gasoline
  • Below 400 cc
  • 400 – 800 cc
  • More than 800 cc
  • Electric

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Mergers and Acquisitions Characterize a Consolidated Market

The global all-terrain vehicle market is consolidated in nature. In order to gain larger shares, players are actively participating in acquisitions and mergers. In September 2018, Polaris and WSI jointly announced the execution of a merger agreement to broaden its product portfolio. Innovative technologies such as Independent Rear Suspension (IRS) are being implemented by industry players to provide superior stability and function in complex terrain. Adoption of systems to smooth rough terrain rides will further increase the size of the all-terrain vehicle market over the forecast period.

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