All-Terrain Vehicle (ATV) Engines Market Size, Share and Segmentation by Product Type (Sport ATV, Utility ATV), by Engine Type (Below 400cc, 400-800cc, above 800cc), by Application (Sports and Leisure, Agriculture Industry, Out-door Work, Military Forces, Others), by Regions and Global Market Forecast 2023-2030
Report Id: SNS/AUTO/2115 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
All-Terrain Vehicle (ATV) Engines Market Size was valued at USD 4.33 billion in 2022 and is expected to reach USD 5.44 billion by 2030 and grow at a CAGR of 2.9% over the forecast period 2023-2030.
ATV engines are built with the cylinder and the head canted forward for a low center of gravity, which ultimately results in a smaller engine and a lower seat height. ATV stands for "all-terrain vehicle." All-terrain vehicles, also known as quad bikes, are motorized flotation-tire vehicles that have a minimum of three and a maximum of six low-pressure tires and an engine displacement that ranges from 50 cc to more than 1000 cc. The number of low-pressure tires on an ATV can range anywhere from three to six, depending on the model. ATVs can be broken down into three distinct categories: youth, sport, and utility. These distinctions are based on the size of the vehicles' engines. The engines of all-terrain vehicles have been developed specifically to carry out demanding tasks and duties in harsh environments such as mountains, forests, and agricultural areas. Because there is a significant risk that such engines would overheat, they are installed in ATVs in such a way that the greatest possible amount of air will pass over the cooling fins when the quad is in motion.
-Engines-Market.jpg)
In 2021, Polaris released an electric all-terrain vehicle, the Ranger XP Kinetic. This model was developed in partnership with the Zero bikes firm. Its battery has a capacity of 14.9-kilowatt-hours, and it has a range of 45 miles on a single charge.
MARKET DYNAMICS:
KEY DRIVERS:
-
Tourism is increased as a result of all-terrain vehicle events in wealthy countries.
-
Demand has increased across multiple industries, including agriculture, the military, and recreational pursuits.
-
It is becoming increasingly popular to purchase off-road automobiles.
-
For all-terrain vehicles, disposable income is the primary motivator.
RESTRAINTS:
-
Demand for ATVs is limited by their high price, which has a significant impact on the market.
-
Market players face tight government limitations on ATV riding due to its negative impact on soil structure.
-
Serious ATV injuries result in government mandates that reduce engine sales.
OPPORTUNITIES:
-
It's becoming more common for all-terrain vehicle manufacturers to use electric vehicle technology.
-
The market need is bolstered by the desire for a small, heavy-duty vehicle that is both fuel-efficient and versatile.
CHALLENGES:
-
Trade restrictions across different regions.
-
A hefty price tag is associated with all-terrain vehicles.
IMPACT OF COVID-19:
Due to the emergence of the COVID-19 virus, the all-terrain vehicle industry had negative growth in the first half of 2020. The all-terrain vehicle market was badly impacted by COVID 19, which had a ripple effect throughout the automotive industry. Many automakers were obliged to cut production as a result of the disruption caused by the pandemic. These events led several ATV manufacturers to reduce production in specific locations and focus their efforts on developing effective responses and alternatives. As a result of the worldwide curfew and limitations, numerous production and assembly facilities were forced to close for a time. The ATV market's growth is projected to be further hampered in the future quarters due to lower sales of automobiles. While this may be the case, the global demand for recreational activities is expected to help the market develop.
KEY MARKET PLAYERS:
Polaris Industries Inc. (US), KTM AG (Austria), Honda Motor Company, Ltd. (Japan), Yamaha Motor Company Limited (Japan), Arctic Cat (US), Bombardier Recreational Products (Canada), Kawasaki Suzuki Motor Corporation (Japan), Arctic Cat (US), Bombardier Recreational Products (Canada), Heavy Industries Ltd. (Japan), CFMOTO Powersports Inc. (US), and BMW (Germany) are some of the affluent competitors with significant market share in the All-Terrain Vehicle (ATV) Engines Market.
MARKET ESTIMATION:
Market, By Product Type:
The global market has been divided into sport ATVs, and utility ATVs based on the product type segment. All-terrain vehicles are projected to be dominated by utility ATVs in the future. They can be used in many sectors, including military, agricultural, construction, and forestry. Utility ATVs are versatile vehicles. As a result, manufacturers of all-terrain vehicles stand to gain significantly from the sale of these automobiles.
Market, By Engine Type:
The global market has been divided into below 400cc, 400-800cc, and above 800cc Based on the engine type segment. The most significant market share is held by the 400-800cc category. Vehicles that have engine capacities ranging from 400 to 800 cc are typically utilized for the transportation of goods and equipment due to the huge storage capacities that are built into their designs.
Market, By Application:
The global market has been divided into Sports and Leisure, Agriculture Industry, Out-door Work, Military Forces, and Others based on the application segment. The market for utility all-terrain vehicles is expected to be driven by the rising demand for these vehicles in agricultural and military and defense applications across a variety of countries.
MARKET SEGMENTATION:
By Product Type:
-
Sport ATV
-
Utility ATV
By Engine Type:
-
Below 400cc
-
400-800cc
-
Above 800cc
By Application:
-
Sports and Leisure
-
Agriculture Industry
-
Out-door Work
-
Military Forces
-
Others
-Engines-Market(1).jpg)
REGIONAL ANALYSIS:
The market for all-terrain vehicles is expected to continue to be dominated by North America globally. Countries such as the United States and Canada are home to huge and varied landscapes that include both mountainous and forested areas of a truly epic scale. It is anticipated that the European region would become the second-largest market for all-terrain vehicles on a global scale. A significant portion of the world's autos is sold in this part of the global market. The all-terrain vehicle market is only starting to take off in the Asia-Pacific region. The expansion of the market is influenced by factors such as the rising production and sales of all-terrain vehicles (ATVs), as well as the rapid advancement of technology. New models of all-terrain vehicles that are adaptable to a variety of environments and terrains are currently being developed.
REGIONAL COVERAGE:
-
North America
-
The USA
-
Canada
-
Mexico
-
-
Europe
-
Germany
-
The UK
-
France
-
Italy
-
Spain
-
The Netherlands
-
Rest of Europe
-
-
Asia-Pacific
-
Japan
-
south Korea
-
China
-
India
-
Australia
-
Rest of Asia-Pacific
-
-
The Middle East & Africa
-
Israel
-
UAE
-
South Africa
-
Rest of Middle East & Africa
-
-
Latin America
-
Brazil
-
Argentina
-
Rest of Latin America
-
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.33 Billion |
| Market Size by 2030 | US$ 5.44 Billion |
| CAGR | CAGR of 2.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Sport ATV, Utility ATV) • by Engine Type (Below 400cc, 400-800cc, above 800cc) • by Application (Sports and Leisure, Agriculture Industry, Out-door Work, Military Forces, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Polaris Industries Inc. (US), KTM AG (Austria), Honda Motor Company, Ltd. (Japan), Yamaha Motor Company Limited (Japan), Arctic Cat (US), Bombardier Recreational Products (Canada), Kawasaki Suzuki Motor Corporation (Japan), Arctic Cat (US), Bombardier Recreational Products (Canada), Heavy Industries Ltd. (Japan), CFMOTO Powersports Inc. (US), and BMW (Germany) |
| Key Drivers | •Tourism is increased as a result of all-terrain vehicle events in wealthy countries. •Demand has increased across multiple industries, including agriculture, the military, and recreational pursuits. |
| RESTRAINTS | •Demand for ATVs is limited by their high price, which has a significant impact on the market. •Market players face tight government limitations on ATV riding due to its negative impact on soil structure. |
Frequently Asked Questions (FAQ) :
What is the CAGR that the market will have over the next few years?
Ans:- The All-Terrain Vehicle (ATV) Engines Market grow at a CAGR of 2.9% over the next few years.
Who are the most prominent players in the market?
Ans:- Polaris Industries Inc. (US), KTM AG (Austria), Honda Motor Company, Ltd. (Japan), Yamaha Motor Company Limited (Japan), Heavy Industries Ltd. (Japan), CFMOTO Powersports Inc. (US), and BMW (Germany) are the most prominent players in the market.
What are the most significant obstacles facing the All-Terrain Vehicle (ATV) Engines market?
Ans:- Trade restrictions across different regions and a hefty price tag are the most significant obstacles facing the All-Terrain Vehicle (ATV) Engines market.
Who are the main stakeholders in the market?
Ans:- Raw material vendors, Distributors, Regulatory authorities, including government agencies and NGOs, Commercial research & development (R&D) institutions, Trade/Industrial associations, and End-use industries are the stakeholder of this report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global All-Terrain Vehicle (ATV) Engines Market Segmentation, By Product Type
8.1 Sports ATV
8.2 Utility ATV
9. Global All-Terrain Vehicle (ATV) Engines Market Segmentation, By Engine Type
9.1 Below 400cc
9.2 400-800cc
9.3 Above 800cc
10. Global All-Terrain Vehicle (ATV) Engines Market Segmentation, By Application
10.1 Sports and Leisure
10.2 Agriculture Industry
10.3 Out-door Work
10.4 Military Forces
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 KTM AG (Austria),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Polaris Industries Inc. (US)
12.3 Honda Motor Company, Ltd. (Japan)
12.4 Yamaha Motor Company Limited (Japan)
12.5 Arctic Cat (US)
12.6 Bombardier Recreational Products (Canada)
12.7 Kawasaki Suzuki Motor Corporation (Japan)
12.8 Arctic Cat (US)
12.9 Bombardier Recreational Products (Canada)
12.10 Heavy Industries Ltd. (Japan)
12.11 CFMOTO Powersports Inc. (US)
12.12 BMW (Germany)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
