Feb 9, 2021   SOURCE: BusinessWire

Global All Terrain Vehicle (Sport & Utility) Market Report 2020: Market Projected to Surpass $10 Billion by 2027 - ResearchAndMarkets.com

The "All Terrain Vehicle (ATV) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global All Terrain Vehicle (ATV) Market to Reach $10.2 Billion by 2027

Amid the COVID-19 crisis, the global market for All Terrain Vehicle (ATV) estimated at US$7 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.

Sport ATV, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Utility ATV segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 8.5% CAGR

The All Terrain Vehicle (ATV) market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Other Segments Segment to Record 5.6% CAGR

In the global Other Segments segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.1 Billion in the year 2020 will reach a projected size of US$3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • All Terrain Vehicle (ATV) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Arctic Cat, Inc.
  • Bombardier Recreational Products Inc. (Can-Am)
  • BRP Inc
  • Chongqing Shineray Motorcycle Co., Ltd.
  • Hisun Motors
  • Honda Motor Co., Ltd.
  • John Deere
  • Kawasaki Heavy Industries Ltd.
  • Kwang Yang Motor Co., Ltd.
  • Polaris Industries, Inc.
  • Suzuki Motor Corporation
  • Yamaha Motor Co., Ltd.
  • Zhejiang Cfmoto Power Co., Ltd.
  • Zhejiang Kandi Vehicles Co., Ltd.

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • All Terrain Vehicle (ATV) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • All Terrain Vehicle (ATV) Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • All Terrain Vehicle (ATV) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • Sport ATV (Segment) World Market by Region/Country in US$ Million: 2020 to 2027
  • Sport ATV (Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
  • Sport ATV (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • Utility ATV (Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • Utility ATV (Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
  • Utility ATV (Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
  • Other Segments (Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
  • Other Segments (Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
  • Other Segments (Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • All Terrain Vehicle (ATV) Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • All Terrain Vehicle (ATV) Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
  • All Terrain Vehicle (ATV) Market by Segment: A Historic Review in US$ Million for 2012-2019
  • All Terrain Vehicle (ATV) Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/935mzi