Global All-terrain vehicle market is anticipated to grow at a CAGR of 6.23% during the forecast period (2024-2031). Seen an increase as compared to last couple of years. Recently All-Terrain Vehicle manufactures are working for technological advancement and new innovation coming in automobile industry.
Browse the full report description of “All-terrain vehicle Market Size, Share & Trends Analysis Report by Engine type (400cc, 400-800cc, 800c and above), by Power output (50-100kw, 100kw and above), and by End-User (Agriculture, Military, Mountaineering, Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/all-terrain-vehicle-market
Some of the recent developments are
- In September 2023, BAE Systems and Larsen & Toubro team up to bring BvS10 All-Terrain Vehicle to India under the “Make in India” program BAE Systems Inc. and Larsen & Toubro Limited (L&T) are teaming up to introduce an advanced All-Terrain Vehicle (ATV), called BvS10, to the Indian market. The vehicle, named BvS10-Sindhu, is designed for the Indian Armed Forces. It excels in mobility and adaptability, operating in diverse terrains and harsh climates. The BvS10 can be customized for various purposes, such as personnel transport, medical services, and combat. Its display at a defense exhibition in London showcased a Mobile Short Range Air Defense system. The collaboration between BAE Systems and L&T aims to fulfill the specific needs of the Indian Army, providing a versatile and robust solution. The BvS10 is already in service in several countries and has been ordered by the German Army.
- In December 2022, British military to receive 60 All-Terrain Vehicles under international agreement [December 2022] The UK Commando Force is set to receive 60 Future All-Terrain Vehicles (FATV) starting from February 2025 as part of the international Collaborative All-Terrain Vehicle (CATV) program, involving Sweden and Germany. $760 million contracts with BAE Systems will deliver a total of 463 vehicles across the three countries, with Cummins in Darlington providing the engines. These versatile amphibious vehicles, designed for harsh conditions, will be used by the Navy’s Littoral Response Groups for various purposes such as troop transport, logistics, medical evacuation, recovery, and command and control. The FATVs will replace older models and operate until 2058, showcasing optimal mobility across diverse terrains and amphibious capabilities.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Engine Type
o By Power Output
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- includes Suzuki Motorcycle India Pvt Ltd, Can-Am, Arctic Cat, Kymco, Kawasaki, DRR, Linhai, CFMoto, BRP Inc, among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global All-terrain vehicle Market Report Segment
By Engine type
- 400cc
- 400-800cc
- 800cc and above
By Power output
By End-User
- Agriculture
- Military
- Mountaineering
- Others
Global All-Terrain Vehicles Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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