All Terrain Vehicle (ATV) Market and Trend

All Terrain Vehicle (ATV) is a light vehicle designed for off-road travel with four or more low-pressure tires. According to power source, ATVs can be divided into internal combustion engine ATVs and electric ATVs. According to the vehicle structure, ATVs can be divided into four-wheeled ATVs, multi-purpose all-terrain vehicles (UTV). ATVs as a set of practical, recreational, sports and other special vehicles, can be in the beach, grass, mountain roads, tourism places and other complex road surface driving.

The global all terrain vehicle market size was USD 8.0 billion in 2017, growing to USD 9.8 billion in 2022, with a CAGR of 4.1% from 2017 to 2022. The global all terrain vehicle market size is expected to reach USD 12.2 billion in 2027, with a CAGR of 4.5% from 2022 to 2027.

Figure 2017-2027 Global All Terrain Vehicle Market Size (Billion USD) And CAGR
Global ATVs are mainly concentrated in North America, accounting for 66% of the market share, followed by Europe (20.7%), South America (10.5%), Asia & Pacific (2.7%), and MEA (0.1%).