The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027). The rising inclination of youth towards the adventure sports & recreational activities is a key factor driving the growth of the global ATV & UTV market. This is due to the fact that ATV & UTV are highly being used in the adventures sports & recreational activities. Additionally, ATV and UTV riding are becoming more popular across the globe. During vacation time people are preferring to spendmore time outside, and in the meantime, more countries and townships across the globe are allowing people to ride off-road vehicles on roads. This boosts the growth of the ATV and UTV market, however an increase in the number of accidents with it may hamper its market growth.
Browse the full report description of "Global ATV & UTV Market Size, Share & Trends Analysis Report by Vehicle Type (ATV, UTV), by Propulsion Type (Gasoline Powered, Diesel Powered, Electric Powered), by End-User (Agriculture, Construction, Military, Recreational, Mountaineering), by Drivetrain Type (Two-Wheel Drive, Three-Wheel Drive, All-Wheel Drive), by Engine Size (Less than 400 CC, 400 to 800 CC, and More than 800 CC) Forecast period (2021-2027)" at https://www.omrglobal.com/industry-reports/atv-and-utv-market
To increase the awareness regarding the safety of ATV & UTV riding in June 2021, the Wisconsin Department of Natural Resources (WDNR) offers funding to teach ATV and UTV Safety to the people. It is offering up to $297,000 in grants for organizations to recruit and train ATV and UTV safety instructors. The aim is to make off-road trails safer and to create new partnerships among ATV and UTV dealers, manufacturers, and the DNR. Therefore, the rising trend of adventure sports & recreational activities are driving global ATV & UTV market.
Market Coverage
o By Vehicle Type
o By Propulsion Type
o By End-User
o By Drivetrain type
o By Engine Size
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global ATV & UTV Market Report Segment
By Vehicle Type
By Propulsion Type
By End-User
By Drivetrain Type
By Engine Size
Global ATV & UTV Market by Region
North America
Europe
Asia-Pacific
Rest of the World
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