Europe All-terrain Vehicle Market Size, Share & Industry Trends Analysis Report By Application (Recreational, Sports, Military & Defense and Agriculture), By Engine Type, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe All-terrain Vehicle Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).
The rising popularity of outdoor sporting activities amongst people, such as off-road events, the growing number of trails parks and adventure parks, and the growing need for ATVs for agricultural and military applications are all the other reasons behind the growing demand for all-terrain vehicles. Furthermore, over the upcoming period, rising disposable income and spending power of individuals in developed and developing nations are expected to increase demand for all-terrain vehicles. A light utility vehicle is another name for an all-terrain vehicle. Type I and type II ATVs are the two types of ATVs. A solo rider with no passengers should utilize the type I category, whereas a rider and a passenger should use the type II category. A specific seating location behind the rider is available on Type II ATVs.
Off-road and the ease of handling in difficult terrain are the most sought-after features of ATVs. In comparison to traditional automobiles, the vehicle's design provides better protection from hostile operating environments. ATVs have grown in popularity in recent years as a result of their simplicity of usage in isolated regions and capacity to transport supplies and equipment. Although these vehicles are commonly utilized in off-road environments, certain regions have recently allowed them to be driven on public highways as well.
Riding off-road in Europe can be challenging at times. Off-road motorcycles are strictly prohibited in places like Germany and Austria, although Eastern and Southern European countries are often more permissive. It depends on where one goes, but as a general rule, one should always check with the locals to see if the trail they intend to ride is available to motorcycles. Southern Europe is known for its stunning mountain scenery and rugged paths. Off-road riding is still legal in Serbia, Croatia, and Montenegro, so one can explore the countryside as much as they like. A vehicle having four wheels and a mass of less than 550 kg is referred to as a "quad" in the United Kingdom (1,210 lb). In the United Kingdom, driving a quad cycle on a public road necessitates a category B (car) or B1 (motor vehicles with four wheels weighing up to 400kg unladen or 550kg if built for carrying goods) license, as well as tax, insurance, and registration.
The Germany market dominated the Europe All-terrain Vehicle Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $250.8 Million by 2027. The UK market is exhibiting a CAGR of 4.8% during (2021 - 2027). Additionally, The France market would display a CAGR of 4.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global All-terrain Vehicle Market Size will Hit $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:
- Military & Defense
By Engine Type
- Below 400cc
- Above 800cc
- Rest of Europe
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.
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