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.
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.
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.
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.
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.
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, 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.
By Product Type:
By Engine Type:
Sports and Leisure
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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) :
Ans:- The All-Terrain Vehicle (ATV) Engines Market grow at a CAGR of 2.9% over the next few years.
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.
Ans:- Trade restrictions across different regions and a hefty price tag are the most significant obstacles facing the All-Terrain Vehicle (ATV) Engines 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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 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
9.3 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
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 KTM AG (Austria),
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
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