All-terrain Vehicle Segmentation
Application (Mountaineering, Military, Agriculture)
The agriculture segment is estimated to hold 38% share of the all-terrain vehicle market by 2037. The growing demand for electric utility ATVs is fueling the segment's growth as these vehicles enable sustainable and low-noise farm operations. Various organizations are working on developing advanced vehicles for the agriculture sector. For instance, in April 2023, Polaris released the RANGER XP Kinetic, specifically for agricultural usage, as it features zero-emission production with immediate torque delivery and big towing abilities, which attracts environmentally mindful farmers. The emission regulations and a rising interest in ec0-friendly farming practices are driving the agriculture sector toward adopting electric ATVs.
Engine (<400, 400-800, >800 CC)
The all-terrain vehicle market from the 400-800 CC segment is expected to garner a significant share of around 41.0% in the year 2037, as customers seek powerful multipurpose models that include outstanding performance with fuel economy benefits. Such ATVs are increasingly adopted by recreational riders and utility users due to the vehicles’ ability to tackle demanding terrains at a lower cost than larger engines in the market. Consumers are increasingly choosing advanced automobiles for agricultural operations, which is further fostering the segment’s growth.
Our in-depth analysis of the all-terrain vehicle (ATV) market includes the following segments:
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