1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope of the Study 16
2.3 List of Assumptions 17
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 22
3.5 Forecast Model 22
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 24
4.2.1 Increase in ATV experience zones 24
4.2.2 Increased use of ATVs in adventure tourism 25
4.2.3 Advanced engine design and transmission system 25
4.3 Restraints 26
4.3.1 Restrictions regarding ATV riding 26
4.3.2 Alteration of soil structure and adverse impact on vegetation 26
5 Market Factor Analysis
5.1 Supply Chain Analysis 28
5.1.1 Design and Development 28
5.1.2 Raw Material Supply 28
5.1.3 Engine Component Manufacturing and Assembly 29
5.1.4 End-Use 29
5.2 Porter's 5 Forces Analysis 29
5.2.1 Threat of New Entrants 29
5.2.2 Bargaining power of suppliers 30
5.2.3 Bargaining power of buyers 30
5.2.4 Threat of Substitutes 30
5.2.5 Rivalry 30
6 Global All-terrain Vehicle (ATV) Engines Market, By Type
6.1 Overview 32
6.1.1 0-300CC: 32
6.1.2 300-500CC: 32
6.1.3 500-800CC: 32
6.1.4 800-1000CC: 32
6.1.5 1000cc and above: 32
7 Global All-terrain Vehicle (ATV) Engines Market, By Application
7.1 Overview 36
7.1.1 OEM 36
7.1.2 Aftermarket 36
8 Global All-terrain Vehicle (ATV) Engines Market, By Power
8.1 Overview 39
8.1.1 Up to 80HP 39
8.1.2 Above 80HP 39
9 ATV Engines Market, By Region
9.1 Introduction 42
9.1.1 United States 45
9.1.1.1 United States ATV Engines Market, By Type 45
9.1.1.2 United States ATV Engines Market, By Power 46
9.1.1.3 United States ATV Engines Market, By Application 47
9.1.2 Europe 49
9.1.2.1 Europe ATV Engines Market, By Type 49
9.1.2.2 Europe ATV Engines Market, By Power 50
9.1.2.3 Europe ATV Engines Market, By Application 51
9.1.3 China 53
9.1.3.1 China ATV Engines Market, By Type 53
9.1.3.2 China ATV Engines Market, By Power 54
9.1.3.3 China ATV Engines Market, By Application 55
9.1.4 Japan 57
9.1.4.1 Japan ATV Engines Market, By Type 57
9.1.4.2 Japan ATV Engines Market, By Power 58
9.1.4.3 Japan ATV Engines Market, By Application 59
9.1.5 South Korea 61
9.1.5.1 South Korea ATV Engines Market, By Type 61
9.1.5.2 South Korea ATV Engines Market, By Power 62
9.1.5.3 South Korea ATV Engines Market, By Application 63
9.1.6 India 65
9.1.6.1 India ATV Engines Market, By Type 65
9.1.6.2 India ATV Engines Market, By Power 66
9.1.6.3 India ATV Engines Market, By Application 67
9.1.7 Rest of the World 69
9.1.7.1 Rest of the World ATV Engines Market, By Type 69
9.1.7.2 Rest of the World ATV Engines Market, By Power 70
9.1.7.3 Rest of the World ATV Engines Market, By Application 71
10 Competitive Landscape
10.1 Competitive Benchmarking 75
10.2 Market Share Analysis 75
10.3 Product Launch 76
10.4 Joint Venture 77
10.5 Merger & Acquisition 77
11 Company Profiles
11.1 BRP-Rotax GmbH & Co KG 79
11.1.1 Company Overview 79
11.1.2 Financial Overview 79
11.1.3 Products Offered 80
11.1.4 Key Developments 80
11.1.5 SWOT Analysis 81
11.1.6 Key Strategy 81
11.2 Honda Motor Co., Ltd. 82
11.2.1 Company Overview 82
11.2.2 Financial Overview 82
11.2.3 Products Offered 83
11.2.4 Key Developments 83
11.2.5 SWOT Analysis 84
11.2.6 Key Strategy 84
11.3 Suzuki motor corporation 85
11.3.1 Company Overview 85
11.3.2 Financial Overview 85
11.3.3 Products Offered 86
11.3.4 Key Developments 87
11.3.5 SWOT Analysis 87
11.3.6 Key Strategy 87
11.4 Textron Inc. 88
11.4.1 Company Overview 88
11.4.2 Financial Overview 88
11.4.3 Products Offered 89
11.4.4 Key Developments 89
11.4.5 SWOT Analysis 90
11.4.6 Key Strategy 90
11.5 Polaris Industries, Inc. 91
11.5.1 Company Overview 91
11.5.2 Financial Overview 91
11.5.3 Products Offered 92
11.5.4 Key Developments 92
11.5.5 SWOT Analysis 93
11.5.6 Key Strategy 93
11.6 Kawasaki Heavy Industries, Ltd. 94
11.6.1 Company Overview 94
11.6.2 Financial Overview 94
11.6.3 Products Offered 95
11.6.4 Key Developments 96
11.6.5 SWOT Analysis 96
11.6.6 Key Strategy 96
11.7 Massimo Motor Sports, LLC 97
11.7.1 Company Overview 97
11.7.2 Financial Overview 97
11.7.3 Products Offered 97
11.7.4 Key Developments 97
11.7.5 SWOT Analysis 98
11.7.6 Key Strategy 98
11.8 Yamaha Motor Co., Ltd. 99
11.8.1 Company Overview 99
11.8.2 Financial Overview 99
11.8.3 Products Offered 100
11.8.4 Key Developments 101
11.8.5 SWOT Analysis 101
11.8.6 Key Strategy 101
11.9 Taiwan Golden Bee Co. 102
11.9.1 Company Overview 102
11.9.2 Financial Overview 102
11.9.3 Products Offered 102
11.9.4 Key Developments 102
11.9.5 SWOT Analysis 103
11.9.6 Key Strategy 103
11.10 CFMOTO 104
11.10.1 Company Overview 104
11.10.2 Financial Overview 104
11.10.3 Products Offered 104
11.10.4 Key Developments 104
11.10.5 SWOT Analysis 105
11.10.6 Key Strategy 105
12 Marketing Channel, Manufacturing Process, and Distributors
12.1 Marketing Channel of ATV Engines 107
12.2 ATV Engine Manufacturing Process 107
12.2.1 Raw Material 108
12.2.2 High-Pressure Die Casting 108
12.2.3 Low-Pressure Die Casting 108
12.2.4 Machining 108
12.2.5 Engine Assembly 108
12.3 ATV Engines Major Distributors List 109
 
13 List of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 TOTAL CONTRIBUTION OF TRAVEL & TOURISM SECTOR TO WORLD GDP, 2020-2027, (USD BILLIONS) 25
TABLE 4 GLOBAL ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 33
TABLE 5 GLOBAL ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 33
TABLE 6 GLOBAL ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 33
TABLE 7 GLOBAL ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 34
TABLE 8 GLOBAL ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 36
TABLE 9 GLOBAL ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 36
TABLE 10 GLOBAL ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 37
TABLE 11 GLOBAL ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 37
TABLE 12 GLOBAL ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 39
TABLE 13 GLOBAL ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 39
TABLE 14 GLOBAL ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 40
TABLE 15 GLOBAL ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 40
TABLE 16 GLOBAL ATV ENGINES MARKET, BY REGION, 2020-2027 (USD MILLION) 42
TABLE 17 GLOBAL ATV ENGINES MARKET, BY REGION, 2020-2027 (USD MILLION) 43
TABLE 18 GLOBAL ATV ENGINES MARKET, BY REGION, 2020-2027 (UNITS) 43
TABLE 19 GLOBAL ATV ENGINES MARKET, BY REGION, 2020-2027 (UNITS) 44
TABLE 20 UNITED STATES: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 45
TABLE 21 UNITED STATES: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 45
TABLE 22 UNITED STATES: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 46
TABLE 23 UNITED STATES: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 46
TABLE 24 UNITED STATES: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 46
TABLE 25 UNITED STATES: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 47
TABLE 26 UNITED STATES: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 47
TABLE 27 UNITED STATES.: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 47
TABLE 28 UNITED STATES: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 47
TABLE 29 UNITED STATES.ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 48
TABLE 30 UNITED STATES: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48
TABLE 31 UNITED STATES: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48
TABLE 32 EUROPE: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 49
TABLE 33 EUROPE: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 49
TABLE 34 EUROPE: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 50
TABLE 35 EUROPE: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 50
TABLE 36 EUROPE: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 50
TABLE 37 EUROPE: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 51
TABLE 38 EUROPE: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 51
TABLE 39 EUROPE: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 51
TABLE 40 EUROPE ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 51
TABLE 41 EUROPE.ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 52
TABLE 42 EUROPE: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52
TABLE 43 EUROPE: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52
TABLE 44 CHINA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 53
TABLE 45 CHINA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 53
TABLE 46 CHINA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 54
TABLE 47 CHINA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 54
TABLE 48 CHINA: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 54
TABLE 49 CHINA: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 55
TABLE 50 CHINA: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 55
TABLE 51 CHINA: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 55
TABLE 52 CHINA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 55
TABLE 53 CHINA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 56
TABLE 54 CHINA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 55 CHINA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 56 JAPAN: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 57
TABLE 57 JAPAN: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 57
TABLE 58 JAPAN: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 58
TABLE 59 JAPAN: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 58
TABLE 60 JAPAN: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 58
TABLE 61 JAPAN: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 59
TABLE 62 JAPAN: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 59
TABLE 63 JAPAN: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 59
TABLE 64 JAPAN: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 59
TABLE 65 JAPAN.ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 60
TABLE 66 JAPAN: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 67 JAPAN: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 68 SOUTH KOREA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 61
TABLE 69 SOUTH KOREA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 61
TABLE 70 SOUTH KOREA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 62
TABLE 71 SOUTH KOREA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 62
TABLE 72 SOUTH KOREA: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 62
TABLE 73 SOUTH KOREA: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 63
TABLE 74 SOUTH KOREA: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 63
TABLE 75 SOUTH KOREA: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 63
TABLE 76 SOUTH KOREA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 63
TABLE 77 SOUTH KOREA.ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 64
TABLE 78 SOUTH KOREA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64
TABLE 79 SOUTH KOREA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64
TABLE 80 INDIA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 65
TABLE 81 INDIA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 65
TABLE 82 INDIA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 66
TABLE 83 INDIA: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 66
TABLE 84 INDIA: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 66
TABLE 85 INDIA: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 67
TABLE 86 INDIA: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 67
TABLE 87 INDIA: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 67
TABLE 88 INDIA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 67
TABLE 89 INDIA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 68
TABLE 90 INDIA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 68
TABLE 91 INDIA: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 68
TABLE 92 REST OF THE WORLD: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 69
TABLE 93 REST OF THE WORLD: ATV ENGINES MARKET, BY TYPE, 2020-2027 (UNITS) 69
TABLE 94 REST OF THE WORLD: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 70
TABLE 95 REST OF THE WORLD: ATV ENGINES MARKET, BY TYPE, 2020-2027 (USD MILLION) 70
TABLE 96 REST OF THE WORLD: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 70
TABLE 97 REST OF THE WORLD: ATV ENGINES MARKET, BY POWER, 2020-2027 (UNITS) 71
TABLE 98 REST OF THE WORLD: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 71
TABLE 99 REST OF THE WORLD: ATV ENGINES MARKET, BY POWER, 2020-2027 (USD MILLION) 71
TABLE 100 REST OF THE WORLD: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 71
TABLE 101 REST OF THE WORLD.ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (UNITS) 72
TABLE 102 REST OF THE WORLD: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 72
TABLE 103 REST OF THE WORLD: ATV ENGINES MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 72
TABLE 104 PRODUCT LAUNCH BY MAJOR MANUFACTURERS (2020-2027) 76
TABLE 105 JOINT VENTURE BY MAJOR MANUFACTURERS (2020-2027) 77
TABLE 106 MERGER & ACQUISITION BY MAJOR MANUFACTURERS (2020-2027) 77
TABLE 107 BRP-ROTAX GMBH & CO KG: PRODUCTS OFFERED 80
TABLE 108 BRP-ROTAX GMBH & CO KG: KEY DEVELOPMENTS (2020-2027) 80
TABLE 109 HONDA MOTOR CO., LTD.: PRODUCTS OFFERED 83
TABLE 110 HONDA MOTOR CO., LTD.: KEY DEVELOPMENTS (2020-2027) 83
TABLE 111 SUZUKI MOTOR CORPORATION.: PRODUCTS OFFERED 86
TABLE 112 SUZUKI MOTOR CORPORATION: KEY DEVELOPMENTS (2020-2027) 87
TABLE 113 TEXTRON INC.: PRODUCTS OFFERED 89
TABLE 114 TEXTRON INC: KEY DEVELOPMENTS (2020-2027) 89
TABLE 115 POLARIS INDUSTRIES, INC..: PRODUCTS OFFERED 92
TABLE 116 POLARIS INDUSTRIES, INC.: KEY DEVELOPMENTS (2020-2027) 92
TABLE 117 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED 95
TABLE 118 KAWASAKI HEAVY INDUSTRIES, LTD.: KEY DEVELOPMENTS (2020-2027) 96
TABLE 119 MASSIMO MOTOR. INDUSTRIES, INC.: PRODUCTS OFFERED 97
TABLE 120 YAMAHA MOTOR CO., LTD.: PRODUCTS OFFERED 100
TABLE 121 YAMAHA MOTOR CO., LTD: KEY DEVELOPMENTS (2020-2027) 101
TABLE 122 TAIWAN GOLDEN BEE CO.: PRODUCTS OFFERED 102
TABLE 123 TAIWAN GOLDEN BEE CO.: KEY DEVELOPMENTS (2020-2027) 102
TABLE 124 CFMOTO.: PRODUCTS OFFERED 104
TABLE 125 CFMOTO.: KEY DEVELOPMENTS (2020-2027) 104
 
14 List of Figures
FIGURE 1 GLOBAL ATV ENGINES MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 19
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 22
FIGURE 4 DR ANALYSIS OF GLOBAL ATV ENGINES MARKET 24
FIGURE 5 SUPPLY CHAIN: ATV ENGINES MARKET 28
FIGURE 6 PORTER'S 5 FORCES ANALYSIS 29
FIGURE 7 GLOBAL ATV ENGINES MARKET, BY REGION, 2020 (% SHARE) 42
FIGURE 8 BENCHMARKING OF TOP FIVE COMPETITORS 75
FIGURE 9 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (% SHARE) 76
FIGURE 10 BRP (PARENT ORGANIZATION): SALES REVENUE, 2020-2027 (USD MILLION) 79
FIGURE 11 BRP (PARENT ORGANIZATION): SEGMENTAL REVENUE, 2020 (%) 79
FIGURE 12 BRP (PARENT ORGANIZATION): REGIONAL REVENUE, 2020 (%) 80
FIGURE 13 BRP-ROTAX GMBH & CO KG: SWOT ANALYSIS 81
FIGURE 14 HONDA MOTOR CO., LTD.: SALES REVENUE, 2020-2027 (USD MILLION) 82
FIGURE 15 HONDA MOTOR CO., LTD.: SEGMENTAL REVENUE, 2020 (%) 82
FIGURE 16 HONDA MOTOR CO., LTD.: REGIONAL REVENUE, 2020 (%) 83
FIGURE 17 HONDA MOTOR CO., LTD.: SWOT ANALYSIS 84
FIGURE 18 SUZUKI MOTOR CORPORATION: SALES REVENUE, 2020-2027 (USD MILLION) 85
FIGURE 19 SUZUKI MOTOR CORPORATION: SEGMENTAL REVENUE, 2020 (%) 85
FIGURE 20 SUZUKI MOTOR CORPORATION: REGIONAL REVENUE, 2020 (%) 86
FIGURE 21 SUZUKI MOTOR CORPORATION: SWOT ANALYSIS 87
FIGURE 22 TEXTRON INC.: SALES REVENUE, 2020-2027 (USD MILLION) 88
FIGURE 23 TEXTRON INC.: SEGMENTAL REVENUE, 2020 (%) 88
FIGURE 24 TEXTRON INC.: REGIONAL REVENUE, 2020 (%) 89
FIGURE 25 TEXTRON INC.: SWOT ANALYSIS 90
FIGURE 26 POLARIS INDUSTRIES, INC: TOTAL REVENUE, 2020-2027 (USD MILLION) 91
FIGURE 27 POLARIS INDUSTRIES, INC: SEGMENTAL REVENUE, 2020 (%) 91
FIGURE 28 POLARIS INDUSTRIES, INC: REGIONAL REVENUE, 2020 (%) 92
FIGURE 29 POLARIS INDUSTRIES, INC: SWOT ANALYSIS 93
FIGURE 30 KAWASAKI HEAVY INDUSTRIES, LTD: TOTAL REVENUE, 2020-2027 (USD MILLION) 94
FIGURE 31 KAWASAKI HEAVY INDUSTRIES, LTD.: SEGMENTAL REVENUE, 2020 (%) 95
FIGURE 32 KAWASAKI HEAVY INDUSTRIES, LTD.: REGIONAL REVENUE, 2020 (%) 95
FIGURE 33 KAWASAKI HEAVY INDUSTRIES, LTD.: SWOT ANALYSIS 96
FIGURE 34 MASSIMO MOTOR. INDUSTRIES, INC: SWOT ANALYSIS 98
FIGURE 35 YAMAHA MOTOR CO., LTD: TOTAL REVENUE, 2020-2027 (USD MILLION) 99
FIGURE 36 YAMAHA MOTOR CO., LTD: SEGMENTAL REVENUE, 2020 (%) 100
FIGURE 37 YAMAHA MOTOR CO., LTD.: REGIONAL REVENUE, 2020 (%) 100
FIGURE 38 YAMAHA MOTOR CO., LTD. INDUSTRIES, INC: SWOT ANALYSIS 101
FIGURE 39 TAIWAN GOLDEN BEE CO: SWOT ANALYSIS 103
FIGURE 40 CFMOTO: SWOT ANALYSIS 105
All-Terrain Vehicle (ATV) Engines Market
All-Terrain Vehicle (ATV) Engines Market Size is expected to cross USD $2.14 billion by 2030 at a CAGR of 5.38% during the forecast period 2022-2030
$2.14 Billion
Market Size
5.38%
CAGR
North America
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Polaris Industries Inc.
- Honda Motor Company Ltd.
- Yamaha Motor Company Limited
- Arctic Cat
- Bombardier Recreational Products
- Kawasaki Suzuki Motor Corporation
- Heavy Industries Ltd.
- KTM AG
- CFMOTO Powersports Inc.
- BMW
Drivers
- New product launches and R&D Amongst major key Players
- Rapid economic growth worldwide
- Increasing consumer purchasing power and spending for these leisure and adventure vehicles
All-Terrain Vehicle (ATV) Engines Market Overview:
The global All-Terrain Vehicles (ATV) market is estimated to witness a 5.38% CAGR during the forecast period.
ATV (All-terrain vehicle) engines are designed with the cylinder and the head canted forward for a low center of gravity, resulting in the reduced engine and lower seat height. All-terrain vehicles, also known as quad bikes, are motorized flotation-tire vehicles with a minimum of three and a maximum of six low-pressure tires and engine displacement ranging between 50cc and more than 1000cc.
Depending upon the engine size, all-terrain vehicles are classified as youth, sport, and utility ATVs. All-terrain vehicle engines are specially designed to perform heavy functions and functions in forestry, agricultural fields, and mountains. Since the chances of overheating of such engines are high, they are fitted in the ATVs so that the maximum air flows over the cooling fins while the quad is in motion.
Global All-Terrain Vehicles Market is expected to garner significant gains by 2025, registering an impressive CAGR during the assessment period (2019 to 2025).
COVID-19 Analysis
COVID 19 hit the all-terrain vehicles market severely, affecting the overall automotive industry. The pandemic-driven disruption forced many automakers to reduce the output at their production plants. This, as a result, prompted various ATV manufacturers to cut back production in some areas and work intensively on countermeasures and alternatives to minimize the impact.
However, the market is again gearing up with the lockdown limitations, getting relaxed with time. Innovative industry players have actively started to adopt online lead generation models. This initiative to engage prospective buyers through digital channels proves to be a game-changer to the market growth. The product demand picked up following the uplift of the lockdown in numerous countries.
Competitive Landscape
Players Focus on Product Development & Expansion Plans
The worldwide all-terrain vehicles market appears extremely fragmented, considering the presence of well-established manufacturers and distributors. They seek opportunities to integrate across the extensive value chain while focusing on R&D investments, production facility expansion, and M&A activities to gain impetus. New ATV manufacturers enter the market with aggressive pricing to undercut the established providers and gain footholds in international markets.
List of Key Companies
Top companies operating in the Global All-Terrain Vehicles Market include Polaris Industries Inc. (US), Honda Motor Company, Ltd. (Japan), Yamaha Motor Company Limited (Japan), Arctic Cat (US), Bombardier Recreational Products (Canada), Kawasaki Suzuki Motor Corporation (Japan), Heavy Industries Ltd. (Japan), KTM AG (Austria), CFMOTO Powersports Inc. (US), and BMW (Germany).
Suzuki Motor Corporation (Japan) is well-known for its design, manufacturing, and sales of automobiles, motorcycles, marine, power products in Asia and Europe. It also offers services in the aftermarket by providing Suzuki genuine parts. Suzuki operates through three business segments, including motorcycle, automobile, and marine. The motorcycle business segment offers power sports products such as ATVs and motorcycles.
Market Dynamics
Drivers & Opportunities
The Automotive Ecosystem Drives All-Terrain Vehicles Sales
Major factors driving the global all-terrain vehicle market growth include the rapid economic growth worldwide, leading to increasing consumer purchasing power and spending for these leisure and adventure vehicles. Besides, competitions involving all-terrain vehicles in developed nations positively impact the market growth, leading to greater tourism.
All-terrain vehicles present a more sophisticated option for people with disabilities or physical shortcomings to explore the natural terrain, which otherwise would not have been possible. All these reasons are expected to contribute to the growth of the global all-terrain vehicle market.
Restraints & Challenges
High Cost of ATVs Acts as a Major Headwind
The high cost of ATVs has a high impact on market demand, restricting the market growth. Also, strict government restrictions imposed on ATV riding due to its adverse impact on soil structure and vegetation are major challenges market players are facing currently. Moreover, serious injuries resulting from improper use of ATVs subject them to various government mandates, reducing the sales of ATV engines.
Segment Overview
The ATV market is segmented on the basis of vehicle type, application, displacement, and region. The vehicle type segment is sub-segmented into sports utility, utility, recreational, sports, touring, others. Among these, sports utility is the largest segment and witnesses vast sales due to its popularity among customers. Sports utility vehicles are lighter, smaller, and faster than other ATVs, therefore explicitly used for racing purposes.
The application segment is sub-segmented into sports, entertainment, agriculture, military, hunting, and others. The displacement segment sub-segmented into low, mid, and high.
Regional Analysis
North America Leads the Global ATV Market
North America would remain a dominant market for All-terrain vehicles globally. Factors such as the rising production and sales of all types of ATVs and the presence of major ATV manufacturers in the region drive the market growth. Moreover, the development of different all-terrain vehicles to be used in different scenarios and landscapes and the increase in ATV vehicles use in forestry, agriculture, and varied terrains boost the all-terrain vehicles market size in the region.
Countries like the US and Canada have a vast and diverse landscape ranging from mountain ranges to huge forest spaces. ATV competitions, in turn, push tourism and add to the economy, which ultimately leads to the growth of this market. The biggest attraction in the US in terms of ATV is the annual ATV motorsport competition, involving different formats such as mountain terrain, snow racing, rocky terrain, and plain surface terrain.
Europe Holds Second Highest Share in Global Market
The European region is projected to be the second biggest market for all-terrain vehicles globally. The region is a prominent market for automobiles across the world. Additionally, rising sales of ATVs and the constant rise in the automotive industry help the regional market gain the highest market share.
APAC All-Terrain Vehicles Market to Demonstrate Promising Growth
Asia Pacific is an emerging market for all-terrain vehicles. Increasing production and sales of ATVs and the high technological advancement influence the market growth. Furthermore, the well-established automobile industry creates substantial opportunities for the all-terrain vehicles industry in the region.
Recent Developments
Jan. 26, 2021 ---- Department of Conservation and Natural Resources (DCNR) US announced new grant funding to support all-terrain vehicle (ATV) and snowmobile facilities and trails. Investment in ATV and Snowmobile Trails worth $339,060 is used to help acquire trails and improve riding opportunities for ATVs and snowmobile riding enthusiasts associated with these trails and projects draw many visitors and have a positive economic impact on nearby communities.
Jan. 15, 2021 ---- Toyota Tacoma announced that it has redesigned into an all-terrain expedition vehicle with carbon fiber monocoque. Truckhouse diligently assured that the BCT’s exterior design flows perfectly with the Tacoma’s lines. Truckhouse’s BCT is re-imagined into a mid-sized expedition vehicle composed of a carbon fiber reinforced house and featuring off-road specs.
Jan. 10, 2021 ---- EMotorad (EM India), a leading EV manufacturer, announced that it is all set to launch its new e-bike – T-Rex in India soon. The e-MTB has been designed especially for the Indian terrain.
Nov.07, 2020 ---- Kia unveiled military-grade all-terrain vehicles for 2.5- and 5-ton military uses. It’s an open-top all-terrain vehicle based on the Mohave sport utility chassis. Kia also revealed that it would apply electric powertrain, autonomous driving, and hydrogen fuel-cell technologies to its military vehicle development.
Report Overview
The all-terrain vehicle market analysis features unique and relevant factors expected to significantly impact the market growth during the forecast period. The detailed all-terrain vehicle market forecast would help industry players to better understand the market. The MRFR forecast report elaborates on the historical and current all-terrain vehicle market trends boosting the growth of the market.
Besides, the COVID-19 impact on the all-terrain vehicle market is also included in the report. Region-wise assessment of all-terrain vehicle market statistics unlocks a plethora of untapped opportunities in regional and domestic market spaces. Additionally, detailed company profiling enables users to evaluate company shares analysis, scope of existing and emerging product lines in new markets, pricing strategies, innovation possibilities, and much more.
Segmentation Table
Vehicle Type
- Sports Utility
- Utility
- Recreational
- Sports
- Touring
- Others
Displacement
- Low
- Mid
- High
Application
- Sports
- Entertainment
- Agriculture
- Military
- Hunting
- Others
Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030 : Significant Value |
| CAGR | 5.38% CAGR (2022 to 2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019Â &Â 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Power |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Polaris Industries Inc. (US), Honda Motor Company, Ltd. (Japan), Yamaha Motor Company Limited (Japan), Arctic Cat (US), Bombardier Recreational Products (Canada), Kawasaki Suzuki Motor Corporation (Japan), Heavy Industries Ltd. (Japan), KTM AG (Austria), CFMOTO Powersports Inc. (US), and BMW (Germany). |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers | Rapid economic growth worldwide, leading to increasing consumer purchasing power and spending for these leisure and adventure vehicles |
Frequently Asked Questions (FAQ) :
The all-terrain vehicle (ATV) engines market can thrive 5.38% CAGR by 2025.
The all-terrain vehicle (ATV) engines market can achieve substantial valuation by 2025.
Textron Inc., Yamaha Motor Co., Ltd, and Suzuki motor corporation are some reputed companies that are operating in the all-terrain vehicle (ATV) engines market.
The report details trends, drivers, challenges, and opportunities of the all-terrain vehicle (ATV) engines market.
The availability of better MRO services can prompt the all-terrain vehicle (ATV) engines market in North America.
Global All-terrain Vehicle (ATV) Market: Competitive Landscape
Polaris Industries, Inc., Honda Motor Co., Ltd., BRP-Rotax GmbH & Co KG, Yamaha Motor Co., Ltd., and Textron Inc. are the major players operating in the global all-terrain vehicle (ATV) engine market in 2017. A number of engine manufacturers are increasingly venturing into all-terrain vehicle owing to increasing usage of ATVs in adventure tourism coupled with rising count of ATV experience zones across the globe. These companies continue to retain their strong global presence through expansion, merger & acquisition, partnership & collaboration, and extensive product portfolio.
Polaris Industries Inc. is engaged in designing, engineering, manufacturing, and marketing of power sports vehicles across the globe. The company operates through off-road vehicles (ORVS)/snowmobiles, motorcycles, global adjacent markets, and aftermarket business segments. In addition, the company produces and supplies various replacement parts, accessories, and recreational apparel through approximately 1,400 independent international dealers throughout 28 subsidiaries. The company is focussing to innovate and make acquisitions to spread its network in the aftermarket segment. Polaris Industries Inc. markets its products under the brand names - RANGER, Polaris ACE, GENERAL, RZR, Sportsman, RZR XP, RANGER XP, Turbo DYNAMIX, Timbersled, Slingshot, GEM, Goupil, Indian Motorcycles, Aixam, DAGOR, Sportsman MV, Taylor-Dunn, MRZR, Kolpin, Pro Armor, Klim, 509, and Trail Tech. The company is among the leading market players that have adopted novel product developments, supply agreements and expansions strategies to expand its business.
Honda Motor Co., Ltd. is among the leading designer, manufacturer and marketer of motorcycles, automobiles, power products, spare parts, and other products across the globe. The company operates through four business segments namely motorcycle business, automobile business, financial services business, and power product and other businesses. In addition, the company is emphasizing towards innovative product development in order to strengthen its product portfolio. For instance, it has launched a premium model FourTrax Rincon single-cylinder engine, with independent rear suspension and a three-speed automatic transmission that provides luxurious user experience. Additionally, the company is vigorously investing to enhance its R&D infrastructure to converge the escalating demand for intelligent solutions.
BRP-Rotax GmbH & Co KG is primarily known for its design, production, and sales of innovative powertrains for powersport products. The company is a subsidiary of BRP, that is among the global leader in the design, manufacturing, distribution, and marketing of motorized recreational vehicles. The company provides high-tech premium engines for various products such as Can-Am all-terrain and side-by-side vehicles, Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am Spyder, Can-Am Ryker, motorcycles, karts and light and ultralight aircraft. The company operates in more than 100 countries with its distribution network of 4,200 dealers in Asia, North America, and Europe. The company has strong focus on market penetration with existing technologies through innovation and improvement of manufacturing facilities. In addition, the company is concentrating on executing a more flexible supply chain to improve customer experience and reduce working capital. The company has also been strengthening its external network through joint ventures, partnership, and collaboration.
Yamaha Motor Co., Ltd. is a leading company that develops, produces, and sells motorcycles, marine products, power products, industrial machinery and robots, and other products altogether with its subsidiaries in Japan, North America, Europe, other Asian countries, and internationally. The company functions through 140 consolidated subsidiaries in approximately 30 countries and produces majority of its revenue from Asia. In addition, the company’s powertrain technology is implemented in various fields such as marine engines, recreational vehicles, other power products, and the Fibre-reinforced plastic (FRP) processing sector is also used for pool manufacturing and personal vehicle exteriors. Moreover, the company is active towards introducing innovative products to make its product line stronger. Furthermore, the company emphases on marketing its products digitally and providing service facilities to its customers.
Textron Inc. is among the leading designers and developers of aircraft, helicopters, golf cars, off-road utility vehicles, spare parts, and other products worldwide. The company operates through five business segments namely Bell, Textron Aviation, Industrial, Textron Systems and Finance. The company designs and markets engines through its subsidiary, Lycoming Engines that produces a line of horizontally opposed, air-cooled, four, six and eight-cylinder engines. The company continually invests in next-generation products and services designed to nourish its product line. In addition, it has strong vision towards innovating the existing technologies through geographical expansion, and continuously improving processes. The company employed nearly 35,000 employees as of 2017 with a presence in over 25 countries. Textron is focusing to expand its international operations, growing sales and distribution capabilities for long-term growth prospects in Central and Eastern Europe as well as in India, China, the Middle East and Central and South America.
