The Latin America, Middle East and Africa All-terrain Vehicle Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
The adaptability of ATVs is one of its most appealing features. Since they function well in a variety of situations, all-terrain vehicles are employed in a variety of areas and industries, including land management, law enforcement, and sporting events. One can ride an ATV for pleasure at any time, but it can also be used to access new hunting grounds, haul tools and materials, or tow trailers or landscaping equipment.
When the path is sloppy and instantaneous adhesive friction is required to properly integrate into a merging terrain, AWDs take center stage. To safely navigate the path or terrain, all four wheels engage and give the necessary traction. Expanding ATV manufacturing and an increasing focus on safety features will drive the demand for AWD ATVs in the near future. Accidents could be caused by a number of situations, including rule infractions, a lack of understanding of precautionary measures, such as wearing protective gear while riding, and underage driving.
The increased demand for off-road vehicles in the military & defense and agriculture sectors might be credited to the market's rise in this region. The market is expected to rise due to the development of standardized test methodologies and safety criteria, as well as changing laws due to emissions from non-road mobile machinery. Tourists visit Middle Eastern countries for their vast deserts and often end up indulging in sports activities in the desert such as riding an ATV. Thus, the increasing traffic of tourists to the Middle East will help increase the demand for ATV for recreational purposes in the region. The armored vehicle manufacturer based in the UAE has traditionally served the UAE and African markets, but it is now focusing on international expansion. For example, The Visegrad Four countries – the Czech Republic, Poland, Slovakia, and Hungary – signed a Strategic Collaboration Agreement in February this year between NIMR Automotive and VOP CZ of the Czech Republic for the marketing, distribution, manufacturing, and after-sales assistance of the entire range of NIMR armored vehicles.
The Brazil market dominated the LAMEA All-terrain Vehicle Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $58.4 Million by 2027. The Argentina market is poised to grow at a CAGR of 7% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 6.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global All-terrain Vehicle Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA All-terrain Vehicle Market, by Application
1.4.2 LAMEA All-terrain Vehicle Market, by Engine Type
1.4.3 LAMEA 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. LAMEA All-terrain Vehicle Market by Application
4.1 LAMEA Recreational Market by Country
4.2 LAMEA Sports Market by Country
4.3 LAMEA Military & Defense Market by Country
4.4 LAMEA Agriculture Market by Country
Chapter 5. LAMEA All-terrain Vehicle Market by Engine Type
5.1 LAMEA 400cc-800cc Market by Country
5.2 LAMEA Below 400cc Market by Country
5.3 LAMEA Above 800cc Market by Country
Chapter 6. LAMEA All-terrain Vehicle Market by Country
6.1 Brazil All-terrain Vehicle Market
6.1.1 Brazil All-terrain Vehicle Market by Application
6.1.2 Brazil All-terrain Vehicle Market by Engine Type
6.2 Argentina All-terrain Vehicle Market
6.2.1 Argentina All-terrain Vehicle Market by Application
6.2.2 Argentina All-terrain Vehicle Market by Engine Type
6.3 UAE All-terrain Vehicle Market
6.3.1 UAE All-terrain Vehicle Market by Application
6.3.2 UAE All-terrain Vehicle Market by Engine Type
6.4 Saudi Arabia All-terrain Vehicle Market
6.4.1 Saudi Arabia All-terrain Vehicle Market by Application
6.4.2 Saudi Arabia All-terrain Vehicle Market by Engine Type
6.5 South Africa All-terrain Vehicle Market
6.5.1 South Africa All-terrain Vehicle Market by Application
6.5.2 South Africa All-terrain Vehicle Market by Engine Type
6.6 Nigeria All-terrain Vehicle Market
6.6.1 Nigeria All-terrain Vehicle Market by Application
6.6.2 Nigeria All-terrain Vehicle Market by Engine Type
6.7 Rest of LAMEA All-terrain Vehicle Market
6.7.1 Rest of LAMEA All-terrain Vehicle Market by Application
6.7.2 Rest of LAMEA 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 LAMEA All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 8 LAMEA All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 9 LAMEA Recreational Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Recreational Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Sports Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Sports Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Military & Defense Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Military & Defense Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Agriculture Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Agriculture Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 18 LAMEA All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 19 LAMEA 400cc-800cc Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA 400cc-800cc Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Below 400cc Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Below 400cc Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Above 800cc Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Above 800cc Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA All-terrain Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA All-terrain Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 27 Brazil All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 28 Brazil All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 29 Brazil All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 30 Brazil All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 31 Brazil All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 32 Brazil All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 33 Argentina All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 34 Argentina All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 35 Argentina All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 36 Argentina All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 37 Argentina All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 38 Argentina All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 39 UAE All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 40 UAE All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 41 UAE All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 42 UAE All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 43 UAE All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 44 UAE All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 45 Saudi Arabia All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 46 Saudi Arabia All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 47 Saudi Arabia All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 48 Saudi Arabia All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 49 Saudi Arabia All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 50 Saudi Arabia All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 51 South Africa All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 52 South Africa All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 53 South Africa All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 54 South Africa All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 55 South Africa All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 56 South Africa All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 57 Nigeria All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 58 Nigeria All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 59 Nigeria All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 60 Nigeria All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 61 Nigeria All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 62 Nigeria All-terrain Vehicle Market by Engine Type, 2021 - 2027, USD Million
TABLE 63 Rest of LAMEA All-terrain Vehicle Market, 2017 - 2020, USD Million
TABLE 64 Rest of LAMEA All-terrain Vehicle Market, 2021 - 2027, USD Million
TABLE 65 Rest of LAMEA All-terrain Vehicle Market by Application, 2017 - 2020, USD Million
TABLE 66 Rest of LAMEA All-terrain Vehicle Market by Application, 2021 - 2027, USD Million
TABLE 67 Rest of LAMEA All-terrain Vehicle Market by Engine Type, 2017 - 2020, USD Million
TABLE 68 Rest of LAMEA 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.