Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.30 Billion | USD 31.59 Billion | 6.84% | 2024 |
FrequentlyAsked Questions
All-terrain vehicles (ATVs) are four-wheeled off-road vehicles designed for a single rider. In contrast, side-by-side (SxS) vehicles feature bucket or bench seating for multiple passengers and typically include a cargo bed for utility applications.
The ATV and SxS market is expected to be driven by increasing demand for recreational activities, rising adoption in agricultural and utility applications, technological advancements in vehicle performance and safety features, growing interest in electric powertrains, and expansion of trail networks and riding areas.
According to our study, the global ATV and SxS market was worth around USD 16.30 billion in 2024 and is predicted to grow to around USD 31.59 billion by 2034.
The CAGR value of the ATV and SxS market is expected to be around 6.84% during 2025-2034.
The global ATV and SxS market will register the highest growth in North America during the forecast period.
Key players in the ATV and SxS market include Polaris Industries Inc., BRP Inc. (Can-Am), Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Arctic Cat Inc. (Textron), Suzuki Motor Corporation, CFMOTO, Kubota Corporation, John Deere, Kymco, Hisun Motors, Textron Off Road, Intimidator Group, Bobcat Company, ARGO, SHERP, HISUN Motors, Mahindra & Mahindra Ltd., and Tracker Off Road.
The report comprehensively analyzes the ATV and SxS market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, the evolving landscape of vehicle capabilities, consumer preferences, and regulatory requirements shaping the ATV and SxS ecosystem.
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