The global all-terrain vehicle market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each all-terrain vehicle market player in a comprehensive way. Further, the all-terrain vehicle market trends report emphasizes the adoption pattern of the all-terrain vehicle across various industries.
The all-terrain vehicle market report highlights the following players:
- Nebula Automotive Pvt. Ltd.
- Suzuki Motor Corporation
- Kawasaki Motors Corp.
- Yamaha Motor Company Limited
The all-terrain vehicle market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail. The global all-terrain vehicles market is projected to grow at a sluggish CAGR of 2 per cent till the end of the forecast period in 2027. This growth will account for USD 3.9 billion in this period. This growth will be attributed to the increased use of all-terrain vehicles for both professional and recreational applications.
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According to estimates by analysts all-terrain vehicles with 4 wheel drives will become the segment with the fastest growth in terms of all-terrain vehicles and will gain control of ~ 40 per cent of overall market share by the end of the forecast period. 4-wheel drive all-terrain vehicles are gaining traction especially for military and agriculture applications, even as manufacturers push efforts to better productivity, design and durability.