All-terrain Vehicle Market by Type & Application (Sport, Entertainment, Agri, Military & Defense), Drive (2wd, 4wd, AWD), Engine (<400, 400-800, >800cc), Fuel Type, Wheel Number, Seating Capacity, Side-By-Side Vehicle and Region - Global Forecast to 2028

Abstract
The all-terrain vehicle market is projected to grow from USD 3.2 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 3.0% from 2023 to 2028. The market has promising growth potential due to rising farm management applications and military mobility operations. Additionally, ease in regulatory norms for registration across different regions fuels the demand for ATVs.

“Sports is the largest application for all-terrain vehicles.”

The sports segment is anticipated to hold the largest share of all-terrain vehicles. Sports ATVs have powerful engines and long-travel suspensions to enhance the handling experience. They are particularly favored by riders participating in ATV championships due to their distinctive high-power engines and torque capabilities.

Sport ATVs typically have engine capacities ranging from 100 to 1000cc and can be customized with various accessories to create a unique style and enhance performance. Their exceptional shifting skills and handling features make them highly suitable for sporting activities. The demand for ATVs in recreational/sports activities in Europe and Asia Oceania has snowballed in recent years.

The countries of these geographies have experienced increased recreational and adventure events to support outdoor activities. Multiple sports events are being organized in different regions' countries to attract residents and tourists to participate.

Further, sports ATVs demand is higher in GCC countries due to tourism growth and increased interest in desert sports. Leading industry players offer extensive customization options to customers, allowing them to make their ATVs faster, more agile, and well-suited for racing tracks. Furthermore, renowned ATV manufacturers (OEMs) like Honda, Yamaha, BRP, and Polaris are incorporating electronic fuel injection systems in their sport ATV models.

Notable sport ATV models available in the market include the Yamaha Raptor 700R SE, YXZIOOOR SE, Polaris Scrambler, Polaris Phoenix, and YFZ450R SE. The growth of the sport ATV market is driven by the rise in recreational activities within the tourism sector and the continuous advancements in the engine systems of sport ATVs.

“>800cc to be the fastest-growing market for All-terrain vehicles.”

Over the forecast period, the>800cc engine is the fastest-growing segment for the all-terrain vehicle market. They deliver high power, tractability, and strength, making these ATVs helpful in carrying heavy loads, towing equipment, and navigating rough terrains. The demand for ATVs with an engine capacity >800 cc is expected to grow substantially in North America as it is a mature market where people are shifting to higher capacity engines for recreational/work activities.

The higher engine capacity ATVs are helpful in racing events and challenging off-road conditions. Industries such as mining, forestry, and search and rescue operations depend on these strong ATVs. Polaris Sportsman XP 1000, Can-Am Renegade 1000, Kawasaki Brute Force 750 4x4i EPS, and Yamaha Grizzly 850 are some of the popular ATV models with engine capacity of more than 800 cc available.

“The electric all-terrain vehicles are estimated to register the highest CAGR.”

Electric propulsion all-terrain vehicles are poised to grow rapidly under the review period. New vehicular emission regulations coupled with upcoming developments in alternate propulsion technologies, lowering battery and related parts pricing, and rapidly increasing charging infrastructure are boosting the adoption of electric ATVs. Battery-powered ATVs are efficient as they have lower installation and operational costs than conventional gasoline ATVs, with negligible emissions and low operating noise compared to other ATVs.

The development in battery technologies, such as battery packs, fast charging, and long-range batteries, would drive the demand for electric ATVs. For instance, newer versions of electric ATVs, such as the EZ Raider HD4 have a very powerful battery that enables riders to travel as far as a gas-powered ATV. Increasing environmental concerns, developments in battery driving ranges, and launches of various electric ATV models would spur the adoption of electric ATVs in the coming years.

“Asia Oceania to speculated to be the fastest growing market for All-terrain vehicles market during the forecast period.”

The Asia Oceania region will grow fastest for the all-terrain vehicle market, in which Australia and China are the largest markets, whereas India is the fastest-growing market. The key reasons for market growth in Asia Oceania are the increasing sports and entertainment activities and rising demand for ATVs for military and defense applications. In addition, the increased disposable incomes of individuals, the growth in the country’s economy, low production costs, availability of cheap labor, and government initiatives for FDIs have led to increased spending on leisure activities.

This, in turn, has resulted in increased sales of all-terrain vehicles in the region. The region has a higher growth potential than mature markets such as North America and Europe, which encourages the growth of the all-terrain vehicle market. Major regional players such as Honda Motor Co. Ltd (Japan), Kawasaki Heavy Industries Ltd (Japan), Suzuki Motor Corporation (Japan), and some foreign and local players support the regional demand with their cost-effective and performance-driven products.
Breakdown of Primaries

In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
•By Stakeholder: Supply side- 90%, and Others - 10%
•By Designation: C Level Executives - 25%, Directors/ Vice Presidents-35%, and Others -40%
•By Region: North America - 20%, Asia Oceania - 50%, Europe - 20%, and Rest of the World – 10%

The All-terrain vehicles market comprises major manufacturers such as Polaris Inc. (US), Honda Motor Co., Ltd (Japan), BRP (Canada), Yamaha Motor Corporation (Japan), and Textron Inc. (US).

Study Coverage
The study segments the all-terrain vehicle market by application (Sports, Entertainment, Agriculture, Military & Defense, and Others (Hunting, forestry)]; type (sports ATV and utility ATV); drive type (2WD, 4WD, and AWD); engine capacity (800 CC); fuel type (Gasoline, and Electric); seating capacity (One, and ≥ two); number of wheels (four, and more than four), region (Asia Oceania, Europe, North America, RoW), and side-by-side by region.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall all-terrain vehicle market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Analysis of key drivers (Increasing off-road recreational activities would drive demand for ATVs, Growing demand for ATVs in agriculture and military & defense, Rising purchasing power and spending capacity of individuals), Restraints (High accident rates may hamper ATV sales, Restriction on ATV usage in wildlife zones may hamper ATV demand), Opportunities (Increased use of technology in ATVs to drive demand, Positive outlook toward electric ATVs), Challenges (Trade barriers between different regions, and High cost of ATVs).
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the all-terrain vehicle market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the all-terrain vehicle market across different regions.
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the all-terrain vehicle market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Polaris Inc. (US), BRP (Canada), Honda Motor Co., Ltd (Japan), Textron Inc. (US), and Yamaha Motor Corporation (Japan). In the all-terrain vehicle market.

Content
Table of Contents

1INTRODUCTION36
1.1STUDY OBJECTIVES36
1.2MARKET DEFINITION37
1.2.1DEFINITION, BY DRIVE TYPE37
TABLE 1ALL-TERRAIN VEHICLE MARKET DEFINITION, BY DRIVE TYPE37
1.2.2DEFINITION, BY TYPE38
TABLE 2ALL-TERRAIN VEHICLE MARKET DEFINITION, BY TYPE38
1.3INCLUSIONS AND EXCLUSIONS38
TABLE 3INCLUSIONS AND EXCLUSIONS38
1.4MARKET SCOPE39
FIGURE 1MARKETS COVERED39
1.4.1REGIONS CONSIDERED39
1.4.2YEARS CONSIDERED40
1.5CURRENCY CONSIDERED40
TABLE 4CURRENCY EXCHANGE RATES40
1.6STAKEHOLDERS41
1.7SUMMARY OF CHANGES41
2RESEARCH METHODOLOGY42
2.1RESEARCH DATA42
FIGURE 2ALL-TERRAIN VEHICLE MARKET: RESEARCH DESIGN42
FIGURE 3RESEARCH METHODOLOGY MODEL43
2.1.1SECONDARY DATA43
2.1.1.1List of key secondary sources to estimate base numbers44
2.1.1.2Key data from secondary sources45
2.1.2PRIMARY DATA45
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS46
2.1.2.1Sampling techniques and data collection methods46
2.2MARKET SIZE ESTIMATION47
FIGURE 5RESEARCH METHODOLOGY: HYPOTHESIS BUILDING47
2.2.1BOTTOM-UP APPROACH: ALL-TERRAIN VEHICLE MARKET48
FIGURE 6BOTTOM-UP APPROACH: ALL-TERRAIN VEHICLE MARKET, BY TYPE48
2.2.2TOP-DOWN APPROACH: ALL-TERRAIN VEHICLE MARKET49
FIGURE 7TOP-DOWN APPROACH: ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY49
2.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES50
2.4FACTORS IMPACTING ALL-TERRAIN VEHICLE MARKET51
2.5RECESSION IMPACT ON ALL-TERRAIN VEHICLE MARKET51
2.6MARKET BREAKDOWN AND DATA TRIANGULATION52
FIGURE 8DATA TRIANGULATION52
2.7RECESSION IMPACT53
2.7.1INTRODUCTION53
2.7.2REGIONAL MACROECONOMIC OVERVIEW53
2.7.3ANALYSIS OF KEY ECONOMIC INDICATORS53
TABLE 5KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–202253
2.7.4ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION54
2.7.4.1Europe54
TABLE 6EUROPE: KEY ECONOMIC INDICATORS, 2021–202354
2.7.4.2Asia Oceania55
TABLE 7ASIA OCEANIA: KEY ECONOMIC INDICATORS, 2021–202355
2.7.4.3Americas55
TABLE 8AMERICAS: KEY ECONOMIC INDICATORS, 2021–202355
2.7.5ECONOMIC OUTLOOK/PROJECTIONS56
TABLE 9GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH)56
2.8ASSUMPTIONS AND ASSOCIATED RISKS57
2.8.1RESEARCH ASSUMPTIONS57
2.8.2MARKET ASSUMPTIONS58
TABLE 10ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT58
2.9RESEARCH LIMITATIONS59
3EXECUTIVE SUMMARY60
3.1REPORT SUMMARY60
FIGURE 9ALL-TERRAIN VEHICLE MARKET OUTLOOK60
FIGURE 10ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)61
4PREMIUM INSIGHTS63
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ALL-TERRAIN VEHICLE MARKET63
FIGURE 11INCREASING PENETRATION OF UTILITY ATVS IN AGRICULTURE AND MILITARY & DEFENSE AND GROWING POPULARITY OF SPORTS AND RECREATIONAL ACTIVITIES TO DRIVE MARKET63
4.2ALL-TERRAIN VEHICLE MARKET, BY TYPE64
FIGURE 12UTILITY ATV SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD64
4.3ALL-TERRAIN VEHICLE MARKET, BY APPLICATION64
FIGURE 13SPORTS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD64
4.4ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE65
FIGURE 14AWD SEGMENT TO WITNESS FASTEST CAGR DURING FORECAST PERIOD65
4.5ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE65
FIGURE 15ELECTRIC SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD65
4.6ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY66
FIGURE 16400–800 CC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD66
4.7ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS66
FIGURE 17FOUR WHEELS SEGMENT TO LEAD ALL-TERRAIN VEHICLE MARKET DURING FORECAST PERIOD66
4.8ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY67
FIGURE 18ONE-SEATER SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD67
4.9SIDE-BY-SIDE MARKET, BY REGION67
FIGURE 19NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD67
4.10ALL-TERRAIN VEHICLE MARKET, BY REGION68
FIGURE 20ASIA OCEANIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD68
5MARKET OVERVIEW69
5.1INTRODUCTION69
5.2MARKET DYNAMICS70
FIGURE 21ALL-TERRAIN VEHICLE MARKET: MARKET DYNAMICS70
5.2.1DRIVERS70
5.2.1.1Increasing off-road recreational activities70
5.2.1.2Increasing demand for ATVs in agriculture and military & defense71
5.2.1.3Rising purchasing power and spending capacity of individuals72
FIGURE 22GDP-BASED PURCHASING POWER PARITY FOR SELECTED COUNTRIES, 2019 VS. 2021 VS. 2023 VS. 202872
5.2.2RESTRAINTS73
5.2.2.1High accident rates73
TABLE 11GLOBAL FATAL INCIDENTS OF ATV RIDERS ON PUBLIC ROADS, BY AGE (2018–2021)73
5.2.2.2Restriction on ATV usage in wildlife zones74
5.2.3OPPORTUNITIES74
5.2.3.1Increased use of technology in ATVs74
5.2.3.2Positive outlook toward electric ATVs75
5.2.4CHALLENGES75
5.2.4.1Trade barriers between different regions75
5.2.4.2High cost of ATVs76
TABLE 12COST OF FAST-MOVING GASOLINE ALL-TERRAIN VEHICLES BY KEY OEMS (2022)76
5.3TRENDS/DISRUPTIONS IMPACTING BUYERS77
5.4ALL-TERRAIN VEHICLE MARKET ECOSYSTEM78
FIGURE 23ALL-TERRAIN VEHICLE MARKET ECOSYSTEM78
5.4.1ALL-TERRAIN VEHICLE MANUFACTURERS78
5.4.2RAW MATERIAL/COMPONENT SUPPLIERS78
5.4.3GOVERNMENT AND REGULATORY AUTHORITIES79
5.4.4DEALERS AND DISTRIBUTORS79
5.4.5SERVICE AND REPAIR CENTERS79
5.4.6END USERS79
TABLE 13ALL-TERRAIN VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM79
5.5SUPPLY CHAIN ANALYSIS80
FIGURE 24ALL-TERRAIN VEHICLE MARKET: SUPPLY CHAIN ANALYSIS81
5.6PRICING ANALYSIS82
5.6.1ALL-TERRAIN VEHICLE AVERAGE REGIONAL PRICE TREND, 2020 VS. 202282
5.6.2ALL-TERRAIN VEHICLE AVERAGE PRICE TREND, BY TYPE, 2020 VS. 202282
5.6.3TOP OEMS AND THEIR KEY MODELS PRICE RANGE, 202282
5.7CASE STUDY ANALYSIS83
5.7.1USE CASE 1: JOHN DEERE AND APPLIED MARKETING SCIENCE CASE STUDY83
5.7.2USE CASE 2: POLARIS INC. AND COMTECH CASE STUDY83
5.7.3USE CASE 3: KAWASAKI ARC WELDING SOLUTIONS FOR ALL-TERRAIN VEHICLES84
5.8TRADE ANALYSIS85
5.8.1IMPORT DATA85
5.8.1.1US85
TABLE 14US: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)85
5.8.1.2Mexico85
TABLE 15MEXICO: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)85
5.8.1.3China85
TABLE 16CHINA: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)85
5.8.1.4Japan86
TABLE 17JAPAN: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)86
5.8.1.5India86
TABLE 18INDIA: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)86
5.8.1.6Germany86
TABLE 19GERMANY: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)86
5.8.1.7France87
TABLE 20FRANCE: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)87
5.8.1.8Spain87
TABLE 21SPAIN: IMPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)87
5.8.2EXPORT DATA88
5.8.2.1US88
TABLE 22US: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)88
5.8.2.2China88
TABLE 23CHINA: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)88
5.8.2.3Japan89
TABLE 24JAPAN: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)89
5.8.2.4India89
TABLE 25INDIA: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)89
5.8.2.5Germany90
TABLE 26GERMANY: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)90
5.8.2.6France90
TABLE 27FRANCE: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)90
5.8.2.7Spain91
TABLE 28SPAIN: EXPORT SHARE OF SPECIALLY DESIGNED SNOWMOBILES, GOLF CARTS, AND OTHER ATVS, BY COUNTRY (VALUE %)91
5.9KEY CONFERENCES AND EVENTS IN 2023–202491
5.9.1ALL-TERRAIN VEHICLE MARKET: UPCOMING CONFERENCES AND EVENTS91
5.10PATENT ANALYSIS92
5.10.1APPLICATIONS AND PATENTS, 2019–202292
5.11BUYING CRITERIA95
FIGURE 25KEY BUYING CRITERIA FOR ELECTRIC AND GASOLINE ATVS95
TABLE 29KEY BUYING CRITERIA FOR ELECTRIC AND GASOLINE ATVS96
5.12REGULATORY LANDSCAPE96
5.12.1US: ALL-TERRAIN VEHICLE REGULATIONS96
TABLE 30US: ALL-TERRAIN VEHICLE REGULATIONS96
5.12.2CANADA: ALL-TERRAIN VEHICLE REGULATIONS99
TABLE 31CANADA: ALL-TERRAIN VEHICLE REGULATIONS99
5.12.3AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS99
TABLE 32AUSTRALIA: ALL-TERRAIN VEHICLE REGULATIONS99
5.12.4EUROPE: ALL-TERRAIN VEHICLE REGULATIONS100
TABLE 33EUROPE: ALL-TERRAIN VEHICLE REGULATIONS100
5.12.5LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS101
TABLE 34LIST OF REGULATORY BODIES101
5.13TECHNOLOGY TRENDS102
5.13.1HONDA TESTS PROTOTYPE AUTONOMOUS WORK VEHICLE AT SOLAR CONSTRUCTION SITE WITH BLACK & VEATCH102
5.13.2ADVANCEMENTS IN BATTERY PACKS AND DEVELOPMENT OF WIRELESS AND AUTOMATED CHARGING FOR ELECTRIC ALL-TERRAIN VEHICLES103
6ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE104
6.1INTRODUCTION105
6.1.1INDUSTRY INSIGHTS105
FIGURE 26ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023 VS. 2028 (USD MILLION)105
TABLE 35ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2018–2022 (UNITS)106
TABLE 36ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023–2028 (UNITS)106
TABLE 37ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2018–2022 (USD MILLION)106
TABLE 38ALL-TERRAIN VEHICLE MARKET, BY DRIVE TYPE, 2023–2028 (USD MILLION)106
6.22WD107
6.2.1TECHNICAL CHALLENGES AND GROWING POPULARITY OF 4WD TO IMPACT 2WD MARKET107
TABLE 392WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)107
TABLE 402WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)107
TABLE 412WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 422WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)108
6.34WD108
6.3.1TECHNICAL ADVANTAGES LIKE BETTER TRACTION AND ABILITY TO SWITCH TO 2WD TO DRIVE 4WD MARKET108
TABLE 434WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)109
TABLE 444WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)109
TABLE 454WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)109
TABLE 464WD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)109
6.4AWD110
6.4.1GROWING TREND OF ELECTRIFICATION IN ATVS TO DRIVE AWD ATV MARKET110
TABLE 47AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)110
TABLE 48AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)111
TABLE 49AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)111
TABLE 50AWD: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)111
7ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE112
7.1INTRODUCTION113
7.1.1INDUSTRY INSIGHTS113
FIGURE 27ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023 VS. 2028 (USD MILLION)113
TABLE 51ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2018–2022 (UNITS)113
TABLE 52ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023–2028 (UNITS)114
TABLE 53ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2018–2022 (USD MILLION)114
TABLE 54ALL-TERRAIN VEHICLE MARKET, BY FUEL TYPE, 2023–2028 (USD MILLION)114
7.2ELECTRIC114
7.2.1DEVELOPMENTS IN BATTERY TECHNOLOGY AND LAUNCH OF VARIOUS MODELS FOR DIFFERENT APPLICATIONS TO DRIVE DEMAND114
TABLE 55ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)115
TABLE 56ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)115
TABLE 57ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)115
TABLE 58ELECTRIC ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)116
7.3GASOLINE116
7.3.1HIGHER POWER, EFFICIENCY, AND WIDER APPLICATION AREA TO BOOST DEMAND116
TABLE 59GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)116
TABLE 60GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)117
TABLE 61GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)117
TABLE 62GASOLINE ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)117
8ALL-TERRAIN VEHICLE MARKET, BY APPLICATION118
8.1INTRODUCTION119
8.1.1INDUSTRY INSIGHTS119
FIGURE 28ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)120
TABLE 63ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2018–2022 (UNITS)120
TABLE 64ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023–2028 (UNITS)121
TABLE 65ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2018–2022 (USD MILLION)121
TABLE 66ALL-TERRAIN VEHICLE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)121
8.2SPORTS122
8.2.1POPULARITY OF SPORTS EVENTS AND CHAMPIONSHIPS TO DRIVE DEMAND122
TABLE 67SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)122
TABLE 68SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)123
TABLE 69SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)123
TABLE 70SPORTS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)123
8.3ENTERTAINMENT124
8.3.1GROWING NUMBER OF LEISURE ENTHUSIASTS TO DRIVE DEMAND124
TABLE 71ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)124
TABLE 72ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)124
TABLE 73ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)124
TABLE 74ENTERTAINMENT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)125
8.4AGRICULTURE125
8.4.1GROWING FARM MECHANIZATION TO DRIVE DEMAND125
TABLE 75AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)125
TABLE 76AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)126
TABLE 77AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)126
TABLE 78AGRICULTURE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)126
8.5MILITARY & DEFENSE127
8.5.1GROWING R&D AND INVESTMENTS TO DEVELOP ATVS THAT CAN OPERATE IN EXTREME CONDITIONS TO DRIVE DEMAND127
TABLE 79MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)127
TABLE 80MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)128
TABLE 81MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)128
TABLE 82MILITARY & DEFENSE: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)128
8.6OTHERS129
TABLE 83OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)129
TABLE 84OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)129
TABLE 85OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)130
TABLE 86OTHERS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)130
9ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY131
9.1INTRODUCTION132
9.1.1INDUSTRY INSIGHTS132
FIGURE 29ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023 VS. 2028 (USD MILL132
TABLE 87ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS)133
TABLE 88ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS)133
TABLE 89ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION)133
TABLE 90ALL-TERRAIN VEHICLE MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION)133
9.2<400 CC134
9.2.1RISING DEMAND FOR ATVS WITH <400 CC ENGINE CAPACITY IN SPORTS AND OFF-ROAD ACTIVITIES TO DRIVE MARKET134
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
9.3400–800 CC135
9.3.1HIGH DELIVERING POWER AND BETTER FUEL EFFICIENCY TO DRIVE SEGMENT135
TABLE 95400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)135
TABLE 96400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)136
TABLE 97400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)136
TABLE 98400–800 CC: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)136
9.4>800 CC137
9.4.1ATVS WITH >800 CC ENGINE CAPACITY TO OFFER EXTREME POWER AND TORQUE REQUIREMENTS137
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
10ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY139
10.1INTRODUCTION140
10.1.1INDUSTRY INSIGHTS140
FIGURE 30ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023 VS. 2028 (USD MILLION)140
TABLE 103ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2018–2022 (UNITS)141
TABLE 104ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023–2028 (UNITS)141
TABLE 105ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2018–2022 (USD MILLION)141
TABLE 106ALL-TERRAIN VEHICLE MARKET, BY SEATING CAPACITY, 2023–2028 (USD MILLION)141
10.2ONE-SEATER142
10.2.1LOWER COST TO DRIVE DEMAND FOR ONE-SEATER ATVS142
TABLE 107ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)142
TABLE 108ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)142
TABLE 109ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)142
TABLE 110ONE-SEATER: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)143
10.3≥TWO-SEATER143
10.3.1REDUCED MAINTENANCE AND INCREASED SAFETY TO DRIVE DEMAND FOR ≥TWO-SEATER ATVS143
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
11ALL-TERRAIN VEHICLE MARKET, BY TYPE145
11.1INTRODUCTION146
11.1.1INDUSTRY INSIGHTS146
FIGURE 31ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)147
TABLE 115ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)147
TABLE 116ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)147
TABLE 117ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)148
TABLE 118ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)148
11.2UTILITY148
11.2.1INCREASING APPLICATION IN FARMS AND AGRICULTURAL PRACTICES TO DRIVE UTILITY SEGMENT148
TABLE 119UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)149
TABLE 120UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)149
TABLE 121UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)149
TABLE 122UTILITY: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)149
11.3SPORT150
11.3.1ASIA OCEANIA TO BE FASTEST-GROWING MARKET FOR SPORT ATVS150
TABLE 123SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)150
TABLE 124SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)150
TABLE 125SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)151
TABLE 126SPORT: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)151
12ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS152
12.1INTRODUCTION153
12.1.1INDUSTRY INSIGHTS153
FIGURE 32ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023 VS. 2028 (USD MILLION)153
TABLE 127ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2018–2022 (UNITS)154
TABLE 128ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023–2028 (UNITS)154
TABLE 129ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2018–2022 (USD MILLION)154
TABLE 130ALL-TERRAIN VEHICLE MARKET, BY NUMBER OF WHEELS, 2023–2028 (USD MILLION)154
12.2FOUR WHEELS155
12.2.1INCREASED SPORTS AND RECREATIONAL ACTIVITIES TO DRIVE DEMAND155
TABLE 131FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)155
TABLE 132FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)155
TABLE 133FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)155
TABLE 134FOUR WHEELS: ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)156
12.3>FOUR WHEELS156
12.3.1GROWING DEMAND FOR UTILITY ATVS IN AGRICULTURE, CONSTRUCTION, AND MINING TO DRIVE SEGMENT156
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
13SIDE-BY-SIDE VEHICLE MARKET, BY REGION158
13.1INTRODUCTION159
13.1.1INDUSTRY INSIGHTS159
FIGURE 33SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)160
TABLE 139SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)160
TABLE 140SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)160
TABLE 141SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)161
TABLE 142SIDE-BY-SIDE VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)161
14ALL-TERRAIN VEHICLE MARKET, BY REGION162
14.1INTRODUCTION163
14.1.1INDUSTRY INSIGHTS163
FIGURE 34ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)164
TABLE 143ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (UNITS)164
TABLE 144ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (UNITS)164
TABLE 145ALL-TERRAIN VEHICLE MARKET, BY REGION, 2018–2022 (USD MILLION)165
TABLE 146ALL-TERRAIN VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)165
14.2ASIA OCEANIA166
14.2.1RECESSION IMPACT166
FIGURE 35ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET SNAPSHOT167
TABLE 147ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS)167
TABLE 148ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS)168
TABLE 149ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION)168
TABLE 150ASIA OCEANIA: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)168
14.2.2CHINA169
14.2.2.1Large-scale domestic manufacturing of ATVs and increased adoption in farming to drive market169
TABLE 151CHINA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS169
TABLE 152CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)170
TABLE 153CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)170
TABLE 154CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)170
TABLE 155CHINA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)170
14.2.3AUSTRALIA171
14.2.3.1Introduction of safety regulations like installation of rollover protection devices to drive market171
TABLE 156AUSTRALIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS171
TABLE 157AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)172
TABLE 158AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)172
TABLE 159AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)172
TABLE 160AUSTRALIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)172
14.2.4NEW ZEALAND173
14.2.4.1Increasing popularity of sports events and championships to drive sport ATV segment173
TABLE 161NEW ZEALAND: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS173
TABLE 162NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)173
TABLE 163NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)173
TABLE 164NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)174
TABLE 165NEW ZEALAND: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)174
14.2.5JAPAN174
14.2.5.1Growing demand for ATVs in sports events and championships to drive market174
TABLE 166JAPAN: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS174
TABLE 167JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)175
TABLE 168JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)175
TABLE 169JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)175
TABLE 170JAPAN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)175
14.2.6INDIA176
14.2.6.1Introduction of new models for agriculture applications to drive market176
TABLE 171INDIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS176
TABLE 172INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)176
TABLE 173INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)176
TABLE 174INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)177
TABLE 175INDIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)177
14.3EUROPE177
14.3.1RECESSION IMPACT178
FIGURE 36EUROPE: ALL-TERRAIN VEHICLE MARKET SNAPSHOT178
TABLE 176EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (UNITS)178
TABLE 177EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (UNITS)179
TABLE 178EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2018–2022 (USD MILLION)179
TABLE 179EUROPE: ALL-TERRAIN VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)179
14.3.2GERMANY180
14.3.2.1Growing penetration of ATVs in military and defense to drive market180
TABLE 180GERMANY: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS180
TABLE 181GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)180
TABLE 182GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)181
TABLE 183GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)181
TABLE 184GERMANY: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)181
14.3.3FRANCE181
14.3.3.1Increasing adoption of ATVs in construction and farming activities to drive market181
TABLE 185FRANCE: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS182
TABLE 186FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)182
TABLE 187FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)182
TABLE 188FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)182
TABLE 189FRANCE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)183
14.3.4RUSSIA183
14.3.4.1Rising demand for ATVs in defense and agriculture to drive market183
TABLE 190RUSSIA: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS183
TABLE 191RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)184
TABLE 192RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)184
TABLE 193RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)184
TABLE 194RUSSIA: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)184
14.3.5UK185
14.3.5.1Development of quad bikes for military purposes to drive market185
TABLE 195UK: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS185
TABLE 196UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)185
TABLE 197UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)185
TABLE 198UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)186
TABLE 199UK: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)186
14.3.6SPAIN186
14.3.6.1Growing demand for agriculture applications to drive market186
TABLE 200SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)186
TABLE 201SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)187
TABLE 202SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)187
TABLE 203SPAIN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)187
14.3.7SWEDEN187
14.3.7.1Decline in demand due to Russia-Ukraine war187
TABLE 204SWEDEN: LIST OF MAJOR ATV MANUFACTURERS AND THEIR KEY INDICATIVE MODELS187
TABLE 205SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)188
TABLE 206SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)188
TABLE 207SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)188
TABLE 208SWEDEN: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)188
14.3.8REST OF EUROPE189
TABLE 209REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (UNITS)189
TABLE 210REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (UNITS)189
TABLE 211REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2018–2022 (USD MILLION)189
TABLE 212REST OF EUROPE: ALL-TERRAIN VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)190