The Asia Pacific All-terrain Vehicle Market would witness market growth of 5.1% CAGR during the forecast period (2021-2027).
All-terrain simply refers to the fact that an ATV may be utilized practically anywhere, from concrete roads to meadows, desert-like places, and difficult terrain. The ATV will handle all the bumps and steep climbs that may be required in various regions, regardless of the road condition. The vehicle itself is designed to be driven almost anyplace, which is the most advantageous feature of ATVs. Because ATVs can be taken almost everywhere, they can be the vehicle of choice for having some fun and adventure. ATVs provide more protection and a distinct driving sensation than motorcycles, making them a particularly desirable vehicle for adventurers. Car enthusiasts, on the other hand, will like the open structure of ATVs and their adaptability in managing tough terrain.
ATVs are also designed to be tough and durable, which explains their capacity to handle the strains of the road, particularly on difficult and mountainous terrain. ATVs are a fantastic work vehicle for some people, especially those who work in farming or other agricultural-related jobs because they are strong, rough, and adaptable. When motorcycles and cars may struggle to handle muddy and rocky terrain while caring to a farm, farming operations will be a breeze with the ATV. All-terrain vehicles are essentially fun and helpful alternative to more common and generic vehicles. They can be used for more than just having fun while driving. ATVs are fantastic to have when conducting outdoor activities because they are built strong and rugged
China and Australia are the two leading all-terrain vehicle countries in the Asia Pacific in terms of volume, with the latter being the region's top seller of ATVs. Utility ATVs are expected to account for the majority of the all-terrain vehicle industry in the region. Apart from being utilized in the military and other productive sectors of the economy in this region, the growing demand for leisure and sporting activities in countries like India and Australia will propel the all-terrain vehicle market even further. As a result, the region provides all-terrain vehicle producers with rich chances and enormous potential. The favorable rise in macroeconomic fundamentals in emerging nations like China and India has influenced purchasing behavior for all-terrain vehicles based on sports/recreational or utility needs, resulting in market expansion in this region.
The China market dominated the Asia Pacific All-terrain Vehicle Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $283.9 Million by 2027. The Japan market is estimated to witness a CAGR of 4.4% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 5.7% during (2021 - 2027).
Based on Application, the market is segmented into Recreational, Sports, Military & Defense and Agriculture. Based on Engine Type, the market is segmented into 400cc-800cc, below 400cc, and above 800cc. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide All-terrain Vehicle Market is Projected to reach USD 3.8 Billion by 2027, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Bombardier Recreational Products, Inc., Zhejiang CFMoto Power Co., Ltd., Polaris, Inc., Deere & Company, Kwang Yang Motor Company Ltd., Suzuki Motor Corporation, Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., and Kawasaki Heavy Industries, Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Recreational
- Sports
- Military & Defense
- Agriculture
By Engine Type
- 400cc-800cc
- Below 400cc
- Above 800cc
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Textron, Inc.
- Bombardier Recreational Products, Inc.
- Zhejiang CFMoto Power Co., Ltd.
- Polaris, Inc.
- Deere & Company
- Kwang Yang Motor Company Ltd.
- Suzuki Motor Corporation
- Honda Motor Co. Ltd.
- Yamaha Motor Co., Ltd.
- Kawasaki Heavy Industries, Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific All-terrain Vehicle Market, by Application
1.4.2 Asia Pacific All-terrain Vehicle Market, by Engine Type
1.4.3 Asia Pacific All-terrain Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2018, May – 2021, Dec) Leading Players
Chapter 4. Asia Pacific All-terrain Vehicle Market by Application
4.1 Asia Pacific Recreational Market by Country
4.2 Asia Pacific Sports Market by Country
4.3 Asia Pacific Military & Defense Market by Country
4.4 Asia Pacific Agriculture Market by Country
Chapter 5. Asia Pacific All-terrain Vehicle Market by Engine Type
5.1 Asia Pacific 400cc-800cc Market by Country
5.2 Asia Pacific Below 400cc Market by Country
5.3 Asia Pacific Above 800cc Market by Country
Chapter 6. Asia Pacific All-terrain Vehicle Market by Country
6.1 China All-terrain Vehicle Market
6.1.1 China All-terrain Vehicle Market by Application
6.1.2 China All-terrain Vehicle Market by Engine Type
6.2 Japan All-terrain Vehicle Market
6.2.1 Japan All-terrain Vehicle Market by Application
6.2.2 Japan All-terrain Vehicle Market by Engine Type
6.3 India All-terrain Vehicle Market
6.3.1 India All-terrain Vehicle Market by Application
6.3.2 India All-terrain Vehicle Market by Engine Type
6.4 South Korea All-terrain Vehicle Market
6.4.1 South Korea All-terrain Vehicle Market by Application
6.4.2 South Korea All-terrain Vehicle Market by Engine Type
6.5 Singapore All-terrain Vehicle Market
6.5.1 Singapore All-terrain Vehicle Market by Application
6.5.2 Singapore All-terrain Vehicle Market by Engine Type
6.6 Malaysia All-terrain Vehicle Market
6.6.1 Malaysia All-terrain Vehicle Market by Application
6.6.2 Malaysia All-terrain Vehicle Market by Engine Type
6.7 Rest of Asia Pacific All-terrain Vehicle Market
6.7.1 Rest of Asia Pacific All-terrain Vehicle Market by Application
6.7.2 Rest of Asia Pacific All-terrain Vehicle Market by Engine Type
Chapter 7. Company Profiles
7.1 Textron, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.2 Bombardier Recreational Products, Inc.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Geographical Expansions:
7.3 Zhejiang CFMoto Power Co., Ltd.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 Polaris, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.5 Deere & Company
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.6 Kwang Yang Motor Company Ltd.
7.6.1 Company Overview
7.7 Suzuki Motor Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional & Segmental Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Honda Motor Co. Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 SWOT Analysis
7.9 Yamaha Motor Co., Ltd.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Kawasaki Heavy Industries, Ltd.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
TABLE 1 Asia Pacific All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – All-terrain Vehicle Market
TABLE 4 Product Launches And Product Expansions – All-terrain Vehicle Market
TABLE 5 Acquisition and Mergers – All-terrain Vehicle Market
TABLE 6 Geographical Expansions – All-terrain Vehicle Market
TABLE 7 Asia Pacific All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 8 Asia Pacific All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Recreational Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Recreational Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Sports Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Sports Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Military & Defense Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Military & Defense Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Agriculture Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Agriculture Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 18 Asia Pacific All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 19 Asia Pacific 400cc-800cc Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific 400cc-800cc Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Below 400cc Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Below 400cc Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Above 800cc Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Above 800cc Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific All-terrain Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific All-terrain Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 27 China All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 28 China All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 29 China All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 30 China All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 31 China All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 32 China All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 33 Japan All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 34 Japan All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 35 Japan All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 36 Japan All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 37 Japan All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 38 Japan All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 39 India All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 40 India All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 41 India All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 42 India All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 43 India All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 44 India All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 45 South Korea All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 46 South Korea All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 47 South Korea All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 48 South Korea All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 49 South Korea All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 50 South Korea All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 51 Singapore All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 52 Singapore All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 53 Singapore All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 54 Singapore All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 55 Singapore All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 56 Singapore All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 57 Malaysia All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 58 Malaysia All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 59 Malaysia All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 60 Malaysia All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 61 Malaysia All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 62 Malaysia All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 63 Rest of Asia Pacific All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 64 Rest of Asia Pacific All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 65 Rest of Asia Pacific All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 66 Rest of Asia Pacific All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 67 Rest of Asia Pacific All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 68 Rest of Asia Pacific All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 69 Key information – Textron, Inc.
TABLE 70 Key information – Bombardier Recreational Products, Inc.
TABLE 71 Key information – Zhejiang CFMoto Power Co., Ltd.
TABLE 72 Key information – Polaris, Inc.
TABLE 73 Key information – Deere & Company
TABLE 74 Key information – Kwang Yang Motor Company Ltd.
TABLE 75 Key information – Suzuki Motor Corporation
TABLE 76 key Information – Honda Motor Co. Ltd.
TABLE 77 Key Information – Yamaha Motor Co., Ltd.
TABLE 78 Key Information – Kawasaki Heavy Industries, Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2018, May – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: Textron, Inc.
FIG 6 Recent strategies and developments: Polaris, Inc.
FIG 7 SWOT ANALYSIS: HONDA MOTORS CO. LTD.