Asia Pacific All-Terrain Vehicle Market By Product Type (Utility ATV, Sports ATV, Youth ATV, and Others), By Propulsion (ICE Vs. Electric), By Application (Entertainment, Sports, and Others) By Region, Competition Forecast & Opportunities 2018-2028F

Industry : Automotive
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Published Date : NA

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Report Description

The Asia Pacific All-Terrain Vehicle Market is expected to be driven by several factors such as the growing interest in outdoor activities and adventure tourism contributing to the popularity of ATVs among adventure seekers. ATV racing and sports events attract participants and spectators, fostering a market for performance-oriented ATVs. An All-terrain Vehicle (ATV) is any recreational vehicle that is not a motor vehicle on a public highway, excluding snowmobiles. It must have at least two low-pressure tires (10 pounds per square inch or less), a two-wheel wheel diameter of 64 inches or greater, and a dry weight of less than one hundred and fifty pounds when used to travel cross-country on trails or on any of the following, or a combination of the following: land; water; snow; ice; marsh; swamp; or natural terrain. The ATV must not include an electric personal assistance mobility device (PADM).

All-Terrain Vehicles Market Scope

All-terrain vehicles (ATVs) are four-wheel, off-road vehicles that can be used for a variety of purposes. They can be used for sports, like motocross, or for leisure, like hunting or camping. Although there are many different types of ATVs, most of them have the same basic parts and work in the same way.

All-Terrain Vehicles Market Overview

Asia Pacific All-Terrain Vehicles Market is experiencing significant growth due to several key factors drive the market growth, rising tourism as tourist enjoy the off-road driving which is a fun activity to them, and ATVs are often used on farms, ranches, and other agricultural workplaces. Some of the work for which ATV is used such as check fences and irrigation lines, move small injured or ill animals, plow snow, haul fuel, chemicals, salt, feed or other supplies, mow grass and cut brush.

The most common power source for all-terrain vehicles (ATVs) is the gasoline engine. It can be used to power both large and small ATVs. It's like a car's engine, but it's been modified to handle the bumps and vibrations that come with off-road riding. The engine works by pumping fuel into an air chamber, which triggers an explosion. The liquid mixes with oxygen, which causes combustion. Pistons then push down on rods, which turn wheels at different ratios. The ratio depends on how far your machine can travel per revolution of the wheels. The speed increases as the wheels spin faster and decreases as they slow down. Cooling systems help keep the internal temperatures of the engine at a safe level and increase efficiency. Lubrication helps keep the moving parts from damaging each other. It's the result of friction caused by surfaces rubbing against each other. Lubrication is essential for your ATV's transmission system to work properly.

All-Terrain Vehicles Market Drivers

One of the primary benefits of using an all-terrain vehicle (ATV) is its versatility. It can handle a broad range of terrain conditions, from sand to mud, rocks to hard-packed dirt, making it suitable for a variety of off-roading activities, including hunting, agriculture, and touring.

An all-terrain vehicle (ATV) is a more comfortable option than a dirt bike, particularly when riding for extended periods. The seating position is more upright, which can help to reduce fatigue and alleviate back pain. Additionally, ATVs typically feature more padded seats, making the ride more comfortable overall. Another advantage of ATVs is their stability, which is beneficial for those who are new to the sport or who are not confident in their abilities. An ATV has a larger platform, allowing beginners to feel more secure on a variety of terrain. Additionally, many ATVs have larger carrying capacity, making them more suitable for those who need to transport equipment or gear.

In the recent time Utility terrain vehicle is become more famous among the buyers as it has various benefits among the other all-terrain vehicles such as in recent years, utility terrain vehicles (UTVs) have become an essential tool in many industries. UTVs offer a wide range of advantages due to their versatility. UTVs are compact and equipped with high ground clearance and rugged tires, allowing them to be used off-road.

All-Terrain Vehicles Market Challenges

There are many challenges in using all-terrain vehicles, such as inability to start up, loss of power, and insufficient fuel while starting the ATV.

When there is sufficient fuel in the fuel tank and sufficient power in the battery, the ATV will not start, this is usually indicative of an electrical issue, or a spark plug that needs to be cleaned and gapped, which can take approximately five minutes. Loss of power in the ATV is typically caused by a slipping clutch. This can be identified when the pitch of the engine is higher than normal, and traction is lacking. Fortunately, replacing the clutch is a straightforward task, and can be done by any qualified ATV repair center. If the spark plug remains dry after turning the engine, this indicates that fuel is not flowing into the cylinder, either due to a fuel pump issue or a clogged fuel supply line. Over time, old gas can become gummed up, and dirt and debris can form a clog. There is no need to worry about the ATV smoking, as this is simply condensation burning away. If this occurs early in the ride but disappears later, or only occurs when the engine is revving, it is likely due to a valve seal or piston ring issue.

Most Terrain Vehicles (ATVs) are designed for single-person operation. Although the seats are typically large, this is to provide the driver with sufficient space to maneuver when cornering or maneuvering the terrain. This type of ATV is not intended to be used for the transportation of multiple people. The weight of an additional person can alter the ATV's center of gravity, which is the most stable point of the machine. The more centered the ATV is, the less likely it is to tip over. Due to this the ATV can’t be used for the day-to-day life in basic purpose, which is a drawback for the sales of the vehicle, also the all-terrain vehicle is not allowed to be driven on the normal roads. All these factors act as a challenge for the adoption ofall-terrain vehicles in many countries of Asia Pacific region, due to which the growth of Asia-Pacific all-terrain vehicle market is hampered.

Asia Pacific All-Terrain Vehicles Market Recent Developments

· In the near future, electric all-terrain vehicles (ATVs) and UTVs are expected to become more popular in the coming years. Despite some initial skepticism, these vehicles offer a range of advantages for riders, including cost-effectiveness and environmental sustainability. Thanks to the latest advancements in technology, electric powersports vehicles (E-ATVs) are now able to go further than ever before due to the rechargeability of their lithium-ion batteries. While infrastructure improvements are still to be implemented in many Asian-Pacific countries, such as charging stations at riding locations, it is likely that more of these innovative "E-ATVs" will be available soon in the coming years.

All-Terrain Vehicles Market Opportunities

The demand for all-terrain vehicles has increased in the United States market and majority of the vehicles are shipped from China, as these vehicles are manufactured by the Chinese companies and shipped by cargo to the United States. In the past two years, Power Products Marketing has observed an increase in the number of Far East-manufactured all-terrain vehicles (ATVs) over 125cc entering the United States market. This phenomenon has been observed for almost five years, however, due to the increasing number of Original Equipment Manufacturers (OEMs) importing these vehicles from China and the increasing number of distributors in the United States, it has become increasingly difficult to monitor the sales of these Far East-made ATVs. It is not uncommon for some original equipment manufacturers to have multiple distributors marketing their products under various labels. Due to rising demand for all-terrain vehicles in overseas countries and in the Asia Pacific countries the original vehicle manufacturers of all-terrain vehicles in China has increased their production capacity to meet the demand. This is further expected to boost the Asia Pacific all-terrain vehicle market in the coming years.

Technical Advancements

The all-terrain vehicle manufacturers have started focusing on the safety of the riders for which manufacturers have started using responsive braking and suspension in ATV to prevent the mishaps on any riders’ excursions, the makers of ATV have started introducing intelligent anti-lock brakes and throttle control which can protect the rider while driving.

Satellite Navigation (SNA) is a fundamental enhancement to any quad/sled that is extremely useful for navigating. While purchasing an quad/sled terrain vehicle buyer should check for the in-built GPS system in the vehicle, along with the essential gear and supplies that riders will require for their ATV. If a rider is ever lost during a ride and has no cell phone coverage, the most up-to-date satellite navigation technology can assist them in navigating through difficult terrain and off-grid areas where there may not be a signal, such as mountains, forests, or back roads. Additionally, SatNav allows the rider to remain focused, with their eyes ahead of them as they ride, without distractions from their cell phone.

Market Segmentation

The Asia Pacific All-Terrain Vehicle Market is segmented based on product type, propulsion, application, country, and competitional landscape. Based on product type the market is further fragmented into Utility ATV, Sport ATV, Youth ATV. Based on propulsion the market is further divided into ICE and Electric. Based on application the market is divided into entertainment, sports, and others. On the basis of country, the market is further divided into China, India, Japan, Australia, Indonesia, New Zealand, South Korea, Vietnam, Thailand, Malaysia.

Company Profiles

Polaris Industries, Arctic Cat Inc, Honda Powersport, Kawasaki Heavy Industries, Suzuki Motor Corporation, Bombardier Recreational Products Inc, Yamaha Motor Corporation, CFMotor, HISUN Motors Corporation, Kwang Yang Motor Co, Ltd, are among the major market players in the Asia Pacific All-Terrain Vehicle Market.

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Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Product Type Propulsion Application Country
Country Scope	China, India, Japan, Australia, Indonesia, New Zealand, South Korea, Vietnam, Thailand, Malaysia
Key Companies Profiled	Polaris Industries, Arctic Cat Inc, Honda Powersport, Kawasaki Heavy Industries, Suzuki Motor Corporation, Bombardier Recreational Products Inc, Yamaha Motor Corporation, CFMotor, HISUN Motors Corporation, Kwang Yang Motor Co, Ltd
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the Asia Pacific All-Terrain Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

All-Terrain Vehicle Market, By Product Type:

Utility ATV
Sports ATV
Youth ATV
Others

All-Terrain Vehicle Market, By Propulsion:

ICE
Electric

All-Terrain Vehicle Market, By Application:

Entertainment
Sports
Others

All-Terrain Vehicles Market, By Country:

China
India
Japan
Australia
Indonesia
New Zealand
South Korea
Vietnam
Thailand
Malaysia
Rest of Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia Pacific All-Terrain Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Country

3.4. Key Segments

4. Impact of COVID-19 on Asia Pacific All-Terrain Vehicles Market

4.1. Impact Assessment Model

4.1.1. Key Segments Impacted

4.1.2. Key Regions Impacted

5. Voice of Customer Analysis

5.1. Brand Awareness

5.2. Factors Influencing Purchase Decision

5.3. Brand Satisfaction Level

6. Asia Pacific All-Terrain Vehicles Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Product Type Market Share Analysis (Utility ATV, Sports ATV, Youth ATV, and Others)

6.2.2. By Propulsion Market Share Analysis (ICE Vs. Electric)

6.2.3. By Application Market Share Analysis (Entertainment, Sports, and Others)

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Australia Market Share Analysis

6.2.4.6. New Zealand Market Share Analysis

6.2.4.7. South Korea Market Share Analysis

6.2.4.8. Vietnam Market Share Analysis

6.2.4.9. Thailand Market Share Analysis

6.2.4.10. Malaysia Market Share Analysis

6.2.5. By Company Market Share Analysis

6.3. Asia Pacific All-Terrain Vehicles Market Mapping & Opportunity Assessment

6.3.1. By Product Type Market Mapping & Opportunity Assessment

6.3.2. By Propulsion Market Mapping & Opportunity Assessment

6.3.3. By Application Market Mapping & Opportunity Assessment

6.3.4. By Country Market Mapping & Opportunity Assessment

7. China All-Terrain Vehicles Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Product Type Market Share Analysis

7.2.2. By Propulsion Market Share Analysis

7.2.3. By Application Market Share Analysis

8. India All-Terrain Vehicles Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Product Type Market Share Analysis

8.2.2. By Propulsion Market Share Analysis

8.2.3. By Application Market Share Analysis

9. Japan All-Terrain Vehicles Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Product Type Market Share Analysis

9.2.2. By Propulsion Market Share Analysis

9.2.3. By Application Market Share Analysis

10. Australia All-Terrain Vehicles Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Product Type Market Share Analysis

10.2.2. By Propulsion Market Share Analysis

10.2.3. By Application Market Share Analysis

11. Indonesia All-Terrain Vehicles Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Product Type Market Share Analysis

11.2.2. By Propulsion Market Share Analysis

11.2.3. By Application Market Share Analysis

12. New Zealand All-Terrain Vehicles Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value & Volume

12.2. Market Share & Forecast

12.2.1. By Product Type Market Share Analysis

12.2.2. By Propulsion Market Share Analysis

12.2.3. By Application Market Share Analysis

13. South Korea All-Terrain Vehicles Market Outlook

13.1. Market Size & Forecast

13.1.1. By Value & Volume

13.2. Market Share & Forecast

13.2.1. By Product Type Market Share Analysis

13.2.2. By Propulsion Market Share Analysis

13.2.3. By Application Market Share Analysis

14. Vietnam All-Terrain Vehicles Market Outlook

14.1. Market Size & Forecast

14.1.1. By Value

14.2. Market Share & Forecast

14.2.1. By Product Type Market Share Analysis

14.2.2. By Propulsion Market Share Analysis

14.2.3. By Application Market Share Analysis

15. Thailand All-Terrain Vehicles Market Outlook

15.1. Market Size & Forecast

15.1.1. By Value

15.2. Market Share & Forecast

15.2.1. By Product Type Market Share Analysis

15.2.2. By Propulsion Market Share Analysis

15.2.3. By Application Market Share Analysis

16. Malaysia All-Terrain Vehicles Market Outlook

16.1. Market Size & Forecast

16.1.1. By Value

16.2. Market Share & Forecast

16.2.1. By Product Type Market Share Analysis

16.2.2. By Propulsion Market Share Analysis

16.2.3. By Application Market Share Analysis

17. Market Dynamics

17.1. Drivers

17.1.1. Growing impact of digital outdoor advertising

17.1.2. Rising Technological Advancement

17.1.3. Wider visibility of high-traffic locations

17.2. Challenges

17.2.1. High competition

17.2.2. Growing popularity of social media advertising

18. Impact of COVID-19 on Asia Pacific All-Terrain Vehicles Market

18.1. Impact Assessment Model

18.1.1. Key Segments Impacted

18.1.2. Key Countries Impacted

19. Market Trends & Developments

19.1. Increasing in programmatic advertising

19.2. Rise in strategic partnership and mergers

19.3. Development of Infrastructure

19.4. Increasing popularity of billboard advertising

20. Porter’s Five Forces Model

20.1. Competitive Rivalry

20.2. Bargaining Power of Buyers

20.3. Bargaining Power of Suppliers

20.4. Threat of New Entrants

20.5. Threat of Substitutes

21. SWOT Analysis

21.1. Strength

21.2. Weakness

21.3. Opportunities

21.4. Threat

22. Policy & Regulatory Landscape

23. Competitive Landscape

23.1. Company Profiles

23.1.1. Polaris Industries

23.1.1.1. Company Details

23.1.1.2. Services

23.1.1.3. Key Market Focus

23.1.1.4. Recent Development

23.1.1.5. Key Management Personnel

23.1.2. Arctic Cat Inc

23.1.2.1. Company Details

23.1.2.2. Services

23.1.2.3. Key Market Focus

23.1.2.4. Recent Development

23.1.2.5. Key Management Personnel

23.1.3. Honda Powersport

23.1.3.1. Company Details

23.1.3.2. Services

23.1.3.3. Key Market Focus

23.1.3.4. Recent Development

23.1.3.5. Key Management Personnel

23.1.4. Kawasaki Heavy Industries

23.1.4.1. Company Details

23.1.4.2. Services

23.1.4.3. Key Market Focus

23.1.4.4. Recent Development

23.1.4.5. Key Management Personnel

23.1.5. Suzuki Motor Corporation

23.1.5.1. Company Details

23.1.5.2. Services

23.1.5.3. Key Market Focus

23.1.5.4. Recent Development

23.1.5.5. Key Management Personnel

23.1.6. Bombardier Recreational Products Inc

23.1.6.1. Company Details

23.1.6.2. Services

23.1.6.3. Key Market Focus

23.1.6.4. Recent Development

23.1.6.5. Key Management Personnel

23.1.7. Yamaha Motor Corporation

23.1.7.1. Company Details

23.1.7.2. Services

23.1.7.3. Key Market Focus

23.1.7.4. Recent Development

23.1.7.5. Key Management Personnel

23.1.8. CFMotor

23.1.8.1. Company Details

23.1.8.2. Services

23.1.8.3. Key Market Focus

23.1.8.4. Recent Development

23.1.8.5. Key Management Personnel

23.1.9. HISUN Motors Corporation

23.1.9.1. Company Details

23.1.9.2. Services

23.1.9.3. Key Market Focus

23.1.9.4. Recent Development

23.1.9.5. Key Management Personnel

23.1.10. Kwang Yang Motor Co, Ltd

23.1.10.1. Company Details

23.1.10.2. Services

23.1.10.3. Key Market Focus

23.1.10.4. Recent Development

23.1.10.5. Key Management Personnel

24. Strategic Recommendations/Action Plan

24.1. Key Focus Areas

24.2. Target Service Type

24.3. Target End User

25. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Which are the key players in the Asia Pacific All-Terrain Vehicles Market?

Polaris Industries, Arctic Cat Inc, Honda Powersport, Kawasaki Heavy Industries, Suzuki Motor Corporation, Bombardier Recreational Products Inc, Yamaha Motor Corporation, CFMotor, HISUN Motors Corporation, Kwang Yang Motor Co, Ltd, are some of the major players operating in the industry.

What are the key drivers fuelling the growth of the All-Terrain Vehicles Market in Asia Pacific?

All-terrain vehicles have various use as they can be used for off-road riding and in the farms. The Utility ATVs are more popular among buyers as they have multiple uses, such as used in the agriculture sector for the use of crops inspection, application of fertilizers and chemical, supervision of field crews, repairing irrigation systems and pipelines, etc. Due to all these multiple uses ATV demand is increasing in many countries.

What are the challenges facing the Asia Pacific All-Terrain Vehicles Market?

The All-Terrain Vehicles have lack of common safety features which are found in cars, and the fuel efficiency of the ATVs is less compared to the dirt bikes which can be challenging for the long distance. The weight of the ATV is generally heavier which make it more difficult to manoeuvre and transport.

Which countries in Asia Pacific have the largest All-Terrain Vehicle Market?

Several countries in Asia Pacific have prominent All-Terrain Vehicles Markets. The China is one of the largest markets, driven by its vibrant advertising industry and extensive urban areas. The ATV are used by tourists for the rides, also ATV are used in farming in China.

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Press Release

Asia Pacific All-Terrain Vehicle Market to be Dominated by Utility ATV During the Forecast Period

Oct, 2023

The Asia-Pacific All-Terrain Vehicle Market is being driven by factors such as growing use of these vehicles in farming and rising fun ride activities among the tourists in various Asia Pacific count