Research Nester assesses the growth and market size of global all-terrain vehicle market which is anticipated to be on account of the growing importance of ATVs in agriculture sector, and growing popularity of outdoor activities.
Research Nester’s recent market research analysis on “All-Terrain Vehicle Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global all-terrain vehicle market in terms of market segmentation by application, engine, fuel type, and by region.
Growing Collaborations for the Development of Off-Roading Vehicles to Promote Global Market Share of All-Terrain Vehicle
The global all-terrain vehicle market is estimated to grow majorly on account of the increasing collaborations, and investment by the key manufacturers for the research and development of off-roading vehicles• Increased Manufacturer Investment and Collaboration in All-Terrain Vehicles- Manufacturers have increased their collaboration and investment in off-road vehicle research and development. Polaris Inc. established a 10-year agreement with Zero Motorcycles for off-road vehicles and snowmobiles in 2020. The collaboration between the firms to produce new off-road vehicles with electric alternatives is raising public awareness about the options available. As a result, market growth is expected to accelerate in the approaching years.
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Moreover, an increasing use of all-terrain vehicles in military applications is further anticipated to boost the growth of the market. The army can be deployed in remote areas thanks to the all-terrain vehicle's mobility. They are designed for various weather and terrain conditions, increasing demand among army personnel. As a result, it is expected to drive the expansion of the all-terrain vehicle market by the end of 2035. The Indian Ministry of Defense recently requested a proposal for the procurement of 250 ATVs under emergency procurement in 2022.
Some of the major growth factors and challenges that are associated with the growth of the global all-terrain vehicle market are:
Growth Drivers:
• Surging Number of People Participating in Professional Sports
• Surge in the Growth of the Tourism Industry

Challenges:
One of the primary factors predicted to impede market growth of the global all-terrain vehicle during the forecast period is the growing worry about passenger safety. The increased speed of off-road vehicles is increasing the number of accidents. Furthermore, these vehicles are not designed to transport passengers because doing so may endanger the person's life. Moreover, high initial and maintenance cost of these vehicles are also expected to contributing to the restrain of the global all-terrain vehicle market.
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By application, the global all-terrain vehicle market is segmented into mountaineering, military, agriculture, and others. The agriculture segment is to garner a highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. These vehicles' small footprints, which do not impact agricultural areas, as well as their speed, making them suitable for agricultural work. ATVs are used in agriculture for a variety of tasks such as livestock management, weed removal, field ploughing, and others. Furthermore, ATVs make it simple to perform agricultural activities in desert areas. As a result, all of these factors are projected to boost the expansion of the agriculture segment in the market. According to projections, more than 35% of the world's food, including half of its cattle, were produced in arid places by 2021.
By region, the North America all-terrain vehicle market is to generate the highest revenue by the end of 2035. The presence of prominent all-terrain vehicle manufacturers in the region has contributed significantly to the market's growth. Furthermore, due to various factors such as upcoming electric vehicle projects and research and development on new and sophisticated technologies, the region has seen an increase in the adoption of all-terrain vehicles. Furthermore, people's increasing disposable income is increasing their investment in entertainment sectors such as off-roading and events. Various parks in the North American region use all-terrain vehicles to attract tourists. As a result, these factors are expected to boost the region's market growth. In 2020, more than 1 million people in the United States possessed ATVs, according to research.
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This report also provides the existing competitive scenario of some of the key players of the global all-terrain vehicle market which includes company profiling of Yamaha Motor Co., Ltd., BRP, Kawasaki Heavy Industries. Ltd., KWANG YANG MOTOR CO., LTD., HISUN, KUBOTA Corporation, ZHEJIANG CFMOTO POWER CO., LTD, Polaris Inc., Textron Inc., and others.
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