1	INTRODUCTION	36
1.1	STUDY OBJECTIVES	36
1.2	MARKET DEFINITION	37
1.2.1	DEFINITION, BY DRIVE TYPE	37
TABLE 1	ALL-TERRAIN VEHICLE MARKET DEFINITION, BY DRIVE TYPE	37
1.2.2	DEFINITION, BY TYPE	38
TABLE 2	ALL-TERRAIN VEHICLE MARKET DEFINITION, BY TYPE	38
1.3	INCLUSIONS AND EXCLUSIONS	38
TABLE 3	INCLUSIONS AND EXCLUSIONS	38
1.4	MARKET SCOPE	39
FIGURE 1	MARKETS COVERED	39
1.4.1	REGIONS CONSIDERED	39
1.4.2	YEARS CONSIDERED	40
1.5	CURRENCY CONSIDERED	40
TABLE 4	CURRENCY EXCHANGE RATES	40
1.6	STAKEHOLDERS	41
1.7	SUMMARY OF CHANGES	41
2	RESEARCH METHODOLOGY	42
2.1	RESEARCH DATA	42
FIGURE 2	ALL-TERRAIN VEHICLE MARKET: RESEARCH DESIGN	42
FIGURE 3	RESEARCH METHODOLOGY MODEL	43
2.1.1	SECONDARY DATA	43
2.1.1.1	List of key secondary sources to estimate base numbers	44
2.1.1.2	Key data from secondary sources	45
2.1.2	PRIMARY DATA	45
FIGURE 4	BREAKDOWN OF PRIMARY INTERVIEWS	46
2.1.2.1	Sampling techniques and data collection methods	46
2.2	MARKET SIZE ESTIMATION	47
FIGURE 5	RESEARCH METHODOLOGY: HYPOTHESIS BUILDING	47
2.2.1	BOTTOM-UP APPROACH: ALL-TERRAIN VEHICLE MARKET	48
FIGURE 6	BOTTOM-UP APPROACH: ALL-TERRAIN VEHICLE MARKET, BY TYPE	48
2.2.2	TOP-DOWN APPROACH: ALL-TERRAIN VEHICLE MARKET	49
FIGURE 7	TOP-DOWN APPROACH: ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY	49
2.3	FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES	50
2.4	FACTORS IMPACTING ALL-TERRAIN VEHICLE MARKET	51
2.5	RECESSION IMPACT ON ALL-TERRAIN VEHICLE MARKET	51
2.6	MARKET BREAKDOWN AND DATA TRIANGULATION	52
FIGURE 8	DATA TRIANGULATION	52
2.7	RECESSION IMPACT	53
2.7.1	INTRODUCTION	53
2.7.2	REGIONAL MACROECONOMIC OVERVIEW	53
2.7.3	ANALYSIS OF KEY ECONOMIC INDICATORS	53
TABLE 5	KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–2022	53
2.7.4	ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION	54
2.7.4.1	Europe	54
TABLE 6	EUROPE: KEY ECONOMIC INDICATORS, 2021–2023	54
2.7.4.2	Asia Oceania	55
TABLE 7	ASIA OCEANIA: KEY ECONOMIC INDICATORS, 2021–2023	55
2.7.4.3	Americas	55
TABLE 8	AMERICAS: KEY ECONOMIC INDICATORS, 2021–2023	55
2.7.5	ECONOMIC OUTLOOK/PROJECTIONS	56
TABLE 9	GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH)	56
2.8	ASSUMPTIONS AND ASSOCIATED RISKS	57
2.8.1	RESEARCH ASSUMPTIONS	57
2.8.2	MARKET ASSUMPTIONS	58
TABLE 10	ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT	58
2.9	RESEARCH LIMITATIONS	59
3	EXECUTIVE SUMMARY	60
3.1	REPORT SUMMARY	60
FIGURE 9	ALL-TERRAIN VEHICLE MARKET OUTLOOK	60
FIGURE 10	ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)	61
4	PREMIUM INSIGHTS	63
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ALL-TERRAIN VEHICLE MARKET	63
FIGURE 11	INCREASING PENETRATION OF UTILITY ATVS IN AGRICULTURE AND MILITARY & DEFENSE AND GROWING POPULARITY OF SPORTS AND RECREATIONAL ACTIVITIES TO DRIVE MARKET	63
4.2	ALL-TERRAIN VEHICLE MARKET, BY TYPE	64
FIGURE 12	UTILITY ATV SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD	64
4.3	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION	64
FIGURE 13	SPORTS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	64
4.4	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE	65
FIGURE 14	AWD SEGMENT TO WITNESS FASTEST CAGR DURING FORECAST PERIOD	65
4.5	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE	65
FIGURE 15	ELECTRIC SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD	65
4.6	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY	66
FIGURE 16	400–800 CC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	66
4.7	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS	66
FIGURE 17	FOUR WHEELS SEGMENT TO LEAD ALL-TERRAIN VEHICLE MARKET DURING FORECAST PERIOD	66
4.8	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY	67
FIGURE 18	ONE-SEATER SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD	67
4.9	SIDE-BY-SIDE MARKET, BY REGION	67
FIGURE 19	NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD	67
4.10	ALL-TERRAIN VEHICLE MARKET, BY REGION	68
FIGURE 20	ASIA OCEANIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD	68
5	MARKET OVERVIEW	69
5.1	INTRODUCTION	69
5.2	MARKET DYNAMICS	70
FIGURE 21	ALL-TERRAIN VEHICLE MARKET: MARKET DYNAMICS	70
5.2.1	DRIVERS	70
5.2.1.1	Increasing off-road recreational activities	70
5.2.1.2	Increasing demand for ATVs in agriculture and military & defense	71
5.2.1.3	Rising purchasing power and spending capacity of individuals	72
FIGURE 22	GDP-BASED PURCHASING POWER PARITY FOR SELECTED COUNTRIES, 2019 VS. 2021 VS. 2023 VS. 2028	72
5.2.2	RESTRAINTS	73
5.2.2.1	High accident rates	73
TABLE 11	GLOBAL FATAL INCIDENTS OF ATV RIDERS ON PUBLIC ROADS, BY AGE (2018–2021)	73
5.2.2.2	Restriction on ATV usage in wildlife zones	74
5.2.3	OPPORTUNITIES	74
5.2.3.1	Increased use of technology in ATVs	74
5.2.3.2	Positive outlook toward electric ATVs	75
5.2.4	CHALLENGES	75
5.2.4.1	Trade barriers between different regions	75
5.2.4.2	High cost of ATVs	76
TABLE 12	COST OF FAST-MOVING GASOLINE ALL-TERRAIN VEHICLES BY KEY OEMS (2022)	76
5.3	TRENDS/DISRUPTIONS IMPACTING BUYERS	77
5.4	ALL-TERRAIN VEHICLE MARKET ECOSYSTEM	78
FIGURE 23	ALL-TERRAIN VEHICLE MARKET ECOSYSTEM	78
5.4.1	ALL-TERRAIN VEHICLE MANUFACTURERS	78
5.4.2	RAW MATERIAL/COMPONENT SUPPLIERS	78
5.4.3	GOVERNMENT AND REGULATORY AUTHORITIES	79
5.4.4	DEALERS AND DISTRIBUTORS	79
5.4.5	SERVICE AND REPAIR CENTERS	79
5.4.6	END USERS	79
TABLE 13	ALL-TERRAIN VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM	79
5.5	SUPPLY CHAIN ANALYSIS	80
FIGURE 24	ALL-TERRAIN VEHICLE MARKET: SUPPLY CHAIN ANALYSIS	81
5.6	PRICING ANALYSIS	82
5.6.1	ALL-TERRAIN VEHICLE AVERAGE REGIONAL PRICE TREND, 2020 VS. 2022	82
5.6.2	ALL-TERRAIN VEHICLE AVERAGE PRICE TREND, BY TYPE, 2020 VS. 2022	82
5.6.3	TOP OEMS AND THEIR KEY MODELS PRICE RANGE, 2022	82
5.7	CASE STUDY ANALYSIS	83
5.7.1	USE CASE 1: JOHN DEERE AND APPLIED MARKETING SCIENCE CASE STUDY	83
5.7.2	USE CASE 2: POLARIS INC. AND COMTECH CASE STUDY	83
5.7.3	USE CASE 3: KAWASAKI ARC WELDING SOLUTIONS FOR ALL-TERRAIN VEHICLES	84
5.8	TRADE ANALYSIS	85
5.8.1	IMPORT DATA	85
5.8.1.1	US	85
TABLE 14	US: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	85
5.8.1.2	Mexico	85
TABLE 15	MEXICO: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	85
5.8.1.3	China	85
TABLE 16	CHINA: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	85
5.8.1.4	Japan	86
TABLE 17	JAPAN: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	86
5.8.1.5	India	86
TABLE 18	INDIA: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	86
5.8.1.6	Germany	86
TABLE 19	GERMANY: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	86
5.8.1.7	France	87
TABLE 20	FRANCE: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	87
5.8.1.8	Spain	87
TABLE 21	SPAIN: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	87
5.8.2	EXPORT DATA	88
5.8.2.1	US	88
TABLE 22	US: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	88
5.8.2.2	China	88
TABLE 23	CHINA: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	88
5.8.2.3	Japan	89
TABLE 24	JAPAN: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	89
5.8.2.4	India	89
TABLE 25	INDIA: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	89
5.8.2.5	Germany	90
TABLE 26	GERMANY: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	90
5.8.2.6	France	90
TABLE 27	FRANCE: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	90
5.8.2.7	Spain	91
TABLE 28	SPAIN: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)	91
5.9	KEY CONFERENCES AND EVENTS IN 2023–2024	91
5.9.1	ALL-TERRAIN VEHICLE MARKET: UPCOMING CONFERENCES AND EVENTS	91
5.10	PATENT ANALYSIS	92
5.10.1	APPLICATIONS AND PATENTS, 2019–2022	92
5.11	BUYING CRITERIA	95
FIGURE 25	KEY BUYING CRITERIA FOR ELECTRIC AND GASOLINE ATVS	95
TABLE 29	KEY BUYING CRITERIA FOR ELECTRIC AND GASOLINE ATVS	96
5.12	REGULATORY LANDSCAPE	96
5.12.1	US: ALL-TERRAIN VEHICLE REGULATIONS	96
TABLE 30	US: ALL-TERRAIN VEHICLE REGULATIONS	96
5.12.2	CANADA: ALL-TERRAIN VEHICLE REGULATIONS	99
TABLE 31	CANADA: ALL-TERRAIN VEHICLE REGULATIONS	99
5.12.3	AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS	99
TABLE 32	AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS	99
5.12.4	EUROPE: ALL-TERRAIN VEHICLE REGULATIONS	100
TABLE 33	EUROPE: ALL-TERRAIN VEHICLE REGULATIONS	100
5.12.5	LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	101
TABLE 34	LIST OF REGULATORY BODIES	101
5.13	TECHNOLOGY TRENDS	102
5.13.1	HONDA TESTS PROTOTYPE AUTONOMOUS WORK VEHICLE AT SOLAR CONSTRUCTION SITE WITH BLACK & VEATCH	102
5.13.2	ADVANCEMENTS IN BATTERY PACKS AND DEVELOPMENT OF WIRELESS AND AUTOMATED CHARGING FOR ELECTRIC ALL-TERRAIN VEHICLES	103
6	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE	104
6.1	INTRODUCTION	105
6.1.1	INDUSTRY INSIGHTS	105
FIGURE 26	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023 VS. 2028 (USD MILLION)	105
TABLE 35	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2018–2022 (UNITS)	106
TABLE 36	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023–2028 (UNITS)	106
TABLE 37	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2018–2022 (USD MILLION)	106
TABLE 38	ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023–2028 (USD MILLION)	106
6.2	2WD	107
6.2.1	TECHNICAL CHALLENGES AND GROWING POPULARITY OF 4WD TO IMPACT 2WD MARKET	107
TABLE 39	2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	107
TABLE 40	2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	107
TABLE 41	2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	108
TABLE 42	2WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	108
6.3	4WD	108
6.3.1	TECHNICAL ADVANTAGES LIKE BETTER TRACTION AND ABILITY TO SWITCH TO 2WD TO DRIVE 4WD MARKET	108
TABLE 43	4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	109
TABLE 44	4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	109
TABLE 45	4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	109
TABLE 46	4WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	109
6.4	AWD	110
6.4.1	GROWING TREND OF ELECTRIFICATION IN ATVS TO DRIVE AWD ATV MARKET	110
TABLE 47	AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	110
TABLE 48	AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	111
TABLE 49	AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	111
TABLE 50	AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	111
7	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE	112
7.1	INTRODUCTION	113
7.1.1	INDUSTRY INSIGHTS	113
FIGURE 27	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023 VS. 2028 (USD MILLION)	113
TABLE 51	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2018–2022 (UNITS)	113
TABLE 52	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023–2028 (UNITS)	114
TABLE 53	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2018–2022 (USD MILLION)	114
TABLE 54	ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)	114
7.2	ELECTRIC	114
7.2.1	DEVELOPMENTS IN BATTERY TECHNOLOGY AND LAUNCH OF VARIOUS MODELS FOR DIFFERENT APPLICATIONS TO DRIVE DEMAND	114
TABLE 55	ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	115
TABLE 56	ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	115
TABLE 57	ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	115
TABLE 58	ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	116
7.3	GASOLINE	116
7.3.1	HIGHER POWER, EFFICIENCY, AND WIDER APPLICATION AREA TO BOOST DEMAND	116
TABLE 59	GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	116
TABLE 60	GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	117
TABLE 61	GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	117
TABLE 62	GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	117
8	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION	118
8.1	INTRODUCTION	119
8.1.1	INDUSTRY INSIGHTS	119
FIGURE 28	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)	120
TABLE 63	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2018–2022 (UNITS)	120
TABLE 64	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023–2028 (UNITS)	121
TABLE 65	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	121
TABLE 66	ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	121
8.2	SPORTS	122
8.2.1	POPULARITY OF SPORTS EVENTS AND CHAMPIONSHIPS TO DRIVE DEMAND	122
TABLE 67	SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	122
TABLE 68	SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	123
TABLE 69	SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	123
TABLE 70	SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	123
8.3	ENTERTAINMENT	124
8.3.1	GROWING NUMBER OF LEISURE ENTHUSIASTS TO DRIVE DEMAND	124
TABLE 71	ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	124
TABLE 72	ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	124
TABLE 73	ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	124
TABLE 74	ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	125
8.4	AGRICULTURE	125
8.4.1	GROWING FARM MECHANIZATION TO DRIVE DEMAND	125
TABLE 75	AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	125
TABLE 76	AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	126
TABLE 77	AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	126
TABLE 78	AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	126
8.5	MILITARY & DEFENSE	127
8.5.1	GROWING R&D AND INVESTMENTS TO DEVELOP ATVS THAT CAN OPERATE IN EXTREME CONDITIONS TO DRIVE DEMAND	127
TABLE 79	MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	127
TABLE 80	MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	128
TABLE 81	MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	128
TABLE 82	MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	128
8.6	OTHERS	129
TABLE 83	OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	129
TABLE 84	OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	129
TABLE 85	OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	130
TABLE 86	OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	130
9	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY	131
9.1	INTRODUCTION	132
9.1.1	INDUSTRY INSIGHTS	132
FIGURE 29	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023 VS. 2028 (USD MILL	132
TABLE 87	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS)	133
TABLE 88	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS)	133
TABLE 89	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION)	133
TABLE 90	ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION)	133
9.2	<400 CC	134
9.2.1	RISING DEMAND FOR ATVS WITH <400 CC ENGINE CAPACITY IN SPORTS AND OFF-ROAD ACTIVITIES TO DRIVE MARKET	134
TABLE 91	<400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	134
TABLE 92	<400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	134
TABLE 93	<400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	134
TABLE 94	<400 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	135
9.3	400–800 CC	135
9.3.1	HIGH DELIVERING POWER AND BETTER FUEL EFFICIENCY TO DRIVE SEGMENT	135
TABLE 95	400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	135
TABLE 96	400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	136
TABLE 97	400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	136
TABLE 98	400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	136
9.4	>800 CC	137
9.4.1	ATVS WITH >800 CC ENGINE CAPACITY TO OFFER EXTREME POWER AND TORQUE REQUIREMENTS	137
TABLE 99	>800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	137
TABLE 100	>800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	137
TABLE 101	>800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	138
TABLE 102	>800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	138
10	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY	139
10.1	INTRODUCTION	140
10.1.1	INDUSTRY INSIGHTS	140
FIGURE 30	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023 VS. 2028 (USD MILLION)	140
TABLE 103	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2018–2022 (UNITS)	141
TABLE 104	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023–2028 (UNITS)	141
TABLE 105	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2018–2022 (USD MILLION)	141
TABLE 106	ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023–2028 (USD MILLION)	141
10.2	ONE-SEATER	142
10.2.1	LOWER COST TO DRIVE DEMAND FOR ONE-SEATER ATVS	142
TABLE 107	ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	142
TABLE 108	ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	142
TABLE 109	ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	142
TABLE 110	ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	143
10.3	≥TWO-SEATER	143
10.3.1	REDUCED MAINTENANCE AND INCREASED SAFETY TO DRIVE DEMAND FOR ≥TWO-SEATER ATVS	143
TABLE 111	≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	143
TABLE 112	≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	144
TABLE 113	≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	144
TABLE 114	≥TWO-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	144
11	ALL-TERRAIN VEHICLE MARKET, BY TYPE	145
11.1	INTRODUCTION	146
11.1.1	INDUSTRY INSIGHTS	146
FIGURE 31	ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)	147
TABLE 115	ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	147
TABLE 116	ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	147
TABLE 117	ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	148
TABLE 118	ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	148
11.2	UTILITY	148
11.2.1	INCREASING APPLICATION IN FARMS AND AGRICULTURAL PRACTICES TO DRIVE UTILITY SEGMENT	148
TABLE 119	UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	149
TABLE 120	UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	149
TABLE 121	UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	149
TABLE 122	UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	149
11.3	SPORT	150
11.3.1	ASIA OCEANIA TO BE FASTEST-GROWING MARKET FOR SPORT ATVS	150
TABLE 123	SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	150
TABLE 124	SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	150
TABLE 125	SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	151
TABLE 126	SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	151
12	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS	152
12.1	INTRODUCTION	153
12.1.1	INDUSTRY INSIGHTS	153
FIGURE 32	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023 VS. 2028 (USD MILLION)	153
TABLE 127	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2018–2022 (UNITS)	154
TABLE 128	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023–2028 (UNITS)	154
TABLE 129	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2018–2022 (USD MILLION)	154
TABLE 130	ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023–2028 (USD MILLION)	154
12.2	FOUR WHEELS	155
12.2.1	INCREASED SPORTS AND RECREATIONAL ACTIVITIES TO DRIVE DEMAND	155
TABLE 131	FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	155
TABLE 132	FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	155
TABLE 133	FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	155
TABLE 134	FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	156
12.3	>FOUR WHEELS	156
12.3.1	GROWING DEMAND FOR UTILITY ATVS IN AGRICULTURE, CONSTRUCTION, AND MINING TO DRIVE SEGMENT	156
TABLE 135	>FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	156
TABLE 136	>FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	157
TABLE 137	>FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	157
TABLE 138	>FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	157
13	SIDE-BY-SIDE VEHICLE MARKET, BY REGION	158
13.1	INTRODUCTION	159
13.1.1	INDUSTRY INSIGHTS	159
FIGURE 33	SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)	160
TABLE 139	SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	160
TABLE 140	SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	160
TABLE 141	SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	161
TABLE 142	SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	161
14	ALL-TERRAIN VEHICLE MARKET, BY REGION	162
14.1	INTRODUCTION	163
14.1.1	INDUSTRY INSIGHTS	163
FIGURE 34	ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	164
TABLE 143	ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)	164
TABLE 144	ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)	164
TABLE 145	ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)	165
TABLE 146	ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)	165
14.2	ASIA OCEANIA	166
14.2.1	RECESSION IMPACT	166
FIGURE 35	ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET SNAPSHOT	167
TABLE 147	ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS)	167
TABLE 148	ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS)	168
TABLE 149	ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION)	168
TABLE 150	ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	168
14.2.2	CHINA	169
14.2.2.1	Large-scale domestic manufacturing of ATVs and increased adoption in farming to drive market	169
TABLE 151	CHINA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	169
TABLE 152	CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	170
TABLE 153	CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	170
TABLE 154	CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	170
TABLE 155	CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	170
14.2.3	AUSTRALIA	171
14.2.3.1	Introduction of safety regulations like installation of rollover protection devices to drive market	171
TABLE 156	AUSTRALIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	171
TABLE 157	AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	172
TABLE 158	AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	172
TABLE 159	AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	172
TABLE 160	AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	172
14.2.4	NEW ZEALAND	173
14.2.4.1	Increasing popularity of sports events and championships to drive sport ATV segment	173
TABLE 161	NEW ZEALAND: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	173
TABLE 162	NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	173
TABLE 163	NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	173
TABLE 164	NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	174
TABLE 165	NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	174
14.2.5	JAPAN	174
14.2.5.1	Growing demand for ATVs in sports events and championships to drive market	174
TABLE 166	JAPAN: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	174
TABLE 167	JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	175
TABLE 168	JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	175
TABLE 169	JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	175
TABLE 170	JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	175
14.2.6	INDIA	176
14.2.6.1	Introduction of new models for agriculture applications to drive market	176
TABLE 171	INDIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	176
TABLE 172	INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	176
TABLE 173	INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	176
TABLE 174	INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	177
TABLE 175	INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	177
14.3	EUROPE	177
14.3.1	RECESSION IMPACT	178
FIGURE 36	EUROPE: ALL-TERRAIN VEHICLE MARKET SNAPSHOT	178
TABLE 176	EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS)	178
TABLE 177	EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS)	179
TABLE 178	EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION)	179
TABLE 179	EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	179
14.3.2	GERMANY	180
14.3.2.1	Growing penetration of ATVs in military and defense to drive market	180
TABLE 180	GERMANY: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	180
TABLE 181	GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	180
TABLE 182	GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	181
TABLE 183	GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	181
TABLE 184	GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	181
14.3.3	FRANCE	181
14.3.3.1	Increasing adoption of ATVs in construction and farming activities to drive market	181
TABLE 185	FRANCE: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	182
TABLE 186	FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	182
TABLE 187	FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	182
TABLE 188	FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	182
TABLE 189	FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	183
14.3.4	RUSSIA	183
14.3.4.1	Rising demand for ATVs in defense and agriculture to drive market	183
TABLE 190	RUSSIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	183
TABLE 191	RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	184
TABLE 192	RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	184
TABLE 193	RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	184
TABLE 194	RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	184
14.3.5	UK	185
14.3.5.1	Development of quad bikes for military purposes to drive market	185
TABLE 195	UK: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	185
TABLE 196	UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	185
TABLE 197	UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	185
TABLE 198	UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	186
TABLE 199	UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	186
14.3.6	SPAIN	186
14.3.6.1	Growing demand for agriculture applications to drive market	186
TABLE 200	SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	186
TABLE 201	SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	187
TABLE 202	SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	187
TABLE 203	SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	187
14.3.7	SWEDEN	187
14.3.7.1	Decline in demand due to Russia-Ukraine war	187
TABLE 204	SWEDEN: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS	187
TABLE 205	SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	188
TABLE 206	SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	188
TABLE 207	SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	188
TABLE 208	SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	188
14.3.8	REST OF EUROPE	189
TABLE 209	REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)	189
TABLE 210	REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)	189
TABLE 211	REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)	189
TABLE 212	REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)	190
14.4.1 RECESSION IMPACT 190
FIGURE 37 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET SNAPSHOT 191
TABLE 213 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS) 191
TABLE 214 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS) 192
TABLE 215 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 192
TABLE 216 NORTH AMERICA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 192
14.4.2 US 193
14.4.2.1 High preference for recreational activities and growing usage of ATVs in military applications to drive market 193
TABLE 217 US: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 193
TABLE 218 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 193
TABLE 219 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 193
TABLE 220 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 194
TABLE 221 US: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 194
14.4.3 CANADA 194
14.4.3.1 Growing popularity of off-road racing events and government efforts to legalize ATVs in some provinces to drive market 194
TABLE 222 CANADA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 195
TABLE 223 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 195
TABLE 224 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 195
TABLE 225 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 195
TABLE 226 CANADA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 196
14.4.4 MEXICO 196
14.4.4.1 Presence of well-established OEMs and growing off-roading industry to drive market 196
TABLE 227 MEXICO: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 196
TABLE 228 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 197
TABLE 229 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 197
TABLE 230 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 197
TABLE 231 MEXICO: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 197
14.5 REST OF THE WORLD 198
14.5.1 RECESSION IMPACT 198
FIGURE 38 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, 2023 VS. 2028 (USD MILLION) 198
TABLE 232 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS) 199
TABLE 233 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS) 199
TABLE 234 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 199
TABLE 235 REST OF THE WORLD: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 200
14.5.2 BRAZIL 200
14.5.2.1 Increasing penetration of ATVs in government forest departments and availability of several models to drive market 200
TABLE 236 BRAZIL: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 200
TABLE 237 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 201
TABLE 238 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 201
TABLE 239 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 201
TABLE 240 BRAZIL: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 201
14.5.3 UAE 202
14.5.3.1 Growing tourism sector to drive demand for sport ATVs 202
TABLE 241 UAE: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 202
TABLE 242 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 202
TABLE 243 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 202
TABLE 244 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 203
TABLE 245 UAE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 203
14.5.4 SOUTH AFRICA 203
14.5.4.1 Increasing demand for utility ATVs to access difficult terrains 203
TABLE 246 SOUTH AFRICA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 203
TABLE 247 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 204
TABLE 248 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 204
TABLE 249 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 204
TABLE 250 SOUTH AFRICA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 204
14.5.5 SAUDI ARABIA 205
14.5.5.1 Growing popularity of desert racing and sports events to drive market 205
TABLE 251 SAUDI ARABIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS 205
TABLE 252 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS) 205
TABLE 253 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS) 205
TABLE 254 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION) 206
TABLE 255 SAUDI ARABIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION) 206
15 RECOMMENDATIONS BY MARKETSANDMARKETS 207
15.1 ASIA OCEANIA TO BE ATTRACTIVE MARKET FOR ALL-TERRAIN VEHICLES 207
15.2 >800 CC ATVS AND SIDE-BY-SIDE VEHICLES TO CREATE NEW REVENUE POCKETS IN FUTURE 207
15.3 ELECTRIC ATVS TO OFFER ATTRACTIVE OPPORTUNITIES TO MANUFACTURERS 208
15.4 CONCLUSION 208
16 COMPETITIVE LANDSCAPE 209
16.1 OVERVIEW 209
16.2 MARKET SHARE ANALYSIS, 2022 209
TABLE 256 MARKET SHARE ANALYSIS FOR ALL-TERRAIN VEHICLE MARKET, 2022 209
FIGURE 39 ALL-TERRAIN VEHICLE MARKET SHARE ANALYSIS, 2022 210
16.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 210
16.4 COMPANY EVALUATION MATRIX: ALL-TERRAIN VEHICLE MANUFACTURERS 212
16.4.1 TERMINOLOGY 212
16.4.2 STARS 212
16.4.3 EMERGING LEADERS 212
16.4.4 PERVASIVE PLAYERS 212
16.4.5 PARTICIPANTS 212
TABLE 257 ALL-TERRAIN VEHICLE MARKET: COMPANY FOOTPRINT, 2022 213
TABLE 258 ALL-TERRAIN VEHICLE MARKET: COMPANY PRODUCT FOOTPRINT, 2022 214
TABLE 259 ALL-TERRAIN VEHICLE MARKET: COMPANY REGION FOOTPRINT, 2022 215
FIGURE 40 ALL-TERRAIN VEHICLE MANUFACTURERS: COMPANY EVALUATION MATRIX, 2022 216
16.5 COMPETITIVE EVALUATION QUADRANT: SIDE-BY-SIDE VEHICLE MANUFACTURERS 217
16.5.1 STARS 217
16.5.2 EMERGING LEADERS 217
16.5.3 PERVASIVE PLAYERS 217
16.5.4 PARTICIPANTS 217
FIGURE 41 SIDE-BY-SIDE (SXS) VEHICLE MANUFACTURERS: COMPANY EVALUATION MATRIX, 2022 218
16.6 COMPETITIVE SCENARIO 219
16.6.1 PRODUCT LAUNCHES 219
TABLE 260 PRODUCT LAUNCHES, 2021–2023 219
16.6.2 DEALS 228
TABLE 261 DEALS, 2021–2023 228
16.6.3 OTHERS 229
TABLE 262 OTHERS, 2021–2023 229
16.7 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN, 2018–2022 230
TABLE 263 KEY GROWTH STRATEGIES, 2018–2022 230
16.8 COMPETITIVE BENCHMARKING 231
16.8.1 ALL-TERRAIN VEHICLE KEY PLAYERS AND THEIR PRODUCT RANGE 231
TABLE 264 ALL-TERRAIN VEHICLE MARKET: KEY PLAYERS 231
17 COMPANY PROFILES 233
17.1 KEY PLAYERS 233
(Business overview, Products offered, Recent Developments, MNM view)*
17.1.1 POLARIS INC. 233
TABLE 265 POLARIS INC.: BUSINESS OVERVIEW 233
FIGURE 42 POLARIS INC.: COMPANY SNAPSHOT 234
TABLE 266 POLARIS INC.: PRODUCT LAUNCHES 236
TABLE 267 POLARIS INC.: DEALS 238
TABLE 268 POLARIS INC.: OTHERS 239
17.1.2 TEXTRON INC. 241
TABLE 269 TEXTRON INC.: BUSINESS OVERVIEW 241
FIGURE 43 TEXTRON INC.: COMPANY SNAPSHOT 242
TABLE 270 TEXTRON INC.: PRODUCT LAUNCHES 243
TABLE 271 TEXTRON INC.: DEALS 244
17.1.3 HONDA MOTOR CO., LTD. 246
TABLE 272 HONDA MOTOR CO., LTD.: BUSINESS OVERVIEW 246
FIGURE 44 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT 247
TABLE 273 HONDA MOTOR CO., LTD.: PRODUCT LAUNCHES 249
TABLE 274 HONDA MOTOR CO., LTD.: DEALS 250
17.1.4 KAWASAKI HEAVY INDUSTRIES LTD. 252
TABLE 275 KAWASAKI HEAVY INDUSTRIES LTD.: BUSINESS OVERVIEW 252
FIGURE 45 KAWASAKI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT 253
TABLE 276 KAWASAKI HEAVY INDUSTRIES LTD.: PRODUCT LAUNCHES 254
TABLE 277 KAWASAKI HEAVY INDUSTRIES LTD.: OTHERS 255
17.1.5 YAMAHA MOTOR CORPORATION 257
TABLE 278 YAMAHA MOTOR CORPORATION: BUSINESS OVERVIEW 257
FIGURE 46 YAMAHA MOTOR CORPORATION: COMPANY SNAPSHOT 258
TABLE 279 YAMAHA MOTOR CORPORATION: PRODUCT LAUNCHES 259
TABLE 280 YAMAHA MOTOR CORPORATION: OTHERS 261
17.1.6 SUZUKI MOTOR CORPORATION 263
TABLE 281 SUZUKI MOTOR CORPORATION: BUSINESS OVERVIEW 263
FIGURE 47 SUZUKI MOTOR CORPORATION: COMPANY SNAPSHOT 264
TABLE 282 SUZUKI MOTOR CORPORATION: PRODUCT LAUNCHES 265
TABLE 283 SUZUKI MOTOR CORPORATION: DEALS 265
17.1.7 JOHN DEERE 266
TABLE 284 JOHN DEERE: BUSINESS OVERVIEW 266
FIGURE 48 JOHN DEERE: COMPANY SNAPSHOT 267
TABLE 285 JOHN DEERE: PRODUCT LAUNCHES 268
17.1.8 BRP 270
TABLE 286 BRP: BUSINESS OVERVIEW 270
FIGURE 49 BRP: COMPANY SNAPSHOT 271
TABLE 287 BRP: PRODUCT LAUNCHES 272
TABLE 288 BRP: DEALS 273
TABLE 289 BRP: OTHERS 273
17.1.9 CFMOTO 274
TABLE 290 CFMOTO: BUSINESS OVERVIEW 274
FIGURE 50 CFMOTO: COMPANY SNAPSHOT 275
TABLE 291 CFMOTO: PRODUCT LAUNCHES 276
17.1.10 HISUN MOTORS CORPORATION 277
TABLE 292 HISUN MOTORS CORPORATION: BUSINESS OVERVIEW 277
TABLE 293 HISUN MOTORS CORPORATION: DEALS 278
TABLE 294 HISUN MOTORS CORPORATION: OTHERS 278
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS 279
17.2.1 BENNCHE, LLC 279
TABLE 295 BENNCHE, LLC: COMPANY OVERVIEW 279
17.2.2 VELOMOTORS 280
TABLE 296 VELOMOTORS: COMPANY OVERVIEW 280
17.2.3 ECO CHARGER 280
TABLE 297 ECO CHARGER: COMPANY OVERVIEW 280
17.2.4 BALTMOTORS 281
TABLE 298 BALTMOTORS: COMPANY OVERVIEW 281
17.2.5 CECTEK 281
TABLE 299 CECTEK: COMPANY OVERVIEW 281
17.2.6 NEBULA AUTOMOTIVE PRIVATE LIMITED 282
TABLE 300 NEBULA AUTOMOTIVE PRIVATE LIMITED: COMPANY OVERVIEW 282
17.2.7 TAIWAN GOLDEN BEE (TGB) 283
TABLE 301 TAIWAN GOLDEN BEE (TGB): COMPANY OVERVIEW 283
17.2.8 KYMCO 284
TABLE 302 KYMCO: COMPANY OVERVIEW 284
17.2.9 LINHAI 285
TABLE 303 LINHAI: COMPANY OVERVIEW 285
17.2.10 AMERICAN LANDMASTER 285
TABLE 304 AMERICAN LANDMASTER: BUSINESS OVERVIEW 285
18 APPENDIX 286
18.1 INSIGHTS FROM INDUSTRY EXPERTS 286
18.2 DISCUSSION GUIDE 287
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 290
18.4 CUSTOMIZATION OPTIONS 292
18.4.1 SIDE-BY-SIDE VEHICLE MARKET, BY APPLICATION 292
18.4.1.1 Sports 292
18.4.1.2 Entertainment 292
18.4.1.3 Agriculture 292
18.4.1.4 Military & Defense 292
18.4.1.5 Others (Hunting & Forestry) 292
18.4.2 SIDE-BY-SIDE VEHICLE MARKET, BY FUEL TYPE 292
18.4.2.1 Gasoline 292
18.4.2.2 Diesel 292
18.4.2.3 Electric 292
18.5 RELATED REPORTS 293
18.6 AUTHOR DETAILS 294


 
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			