, /PRNewswire/ -- The global all-terrain vehicle (ATV) market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.8% during the forecast period.
Growing use of atvs in recreational, sports, and military applications is driving market growth, with a trend towards increasing number of atv experience zones. However, environmental concerns due to increasing use of atvs poses a challenge. Key market players include BMS Motorsports Inc.
, Bombardier Recreational Products Inc., HISUN Motors Corp., Honda Motor Co.
Ltd., Kawasaki Heavy Industries Ltd., Kayo , Kubota Corp.
, Mahindra and Mahindra Ltd., Massimo Motor Sports LLC, Nebula Automotive Pvt. Ltd.
, Polaris Inc., SHERP, Suzuki Motor Corp., Taiwan Golden Bee Co.
Ltd., Tao Motor Inc., Textron Inc.
, TOMCAR, Yamaha Motor Co. Ltd., and CFMOTO POWER Co.
Ltd.. Get a detailed analysis on regions, market segments, customer landscape, and companies- The ATV market is experiencing growth due to manufacturers' efforts to promote these vehicles through dedicated experience zones.
Polaris Inc. Is leading this trend with Polaris Experience Zones (PEZs) in the US, , and . These zones offer real-life off-roading experiences, increasing ATV visibility and sales.
Land allocation and environmental approvals are crucial for the development of these zones. In the US, states have granted land for ATV riding circuits, contributing to market growth. The UAE's focus on recreational activities .
