All-Terrain Vehicles Market Size, Share, Forecast, Industry, and Growth Analysis
The All-Terrain Vehicles Market was expected to grow from USD 4.3 billion in 2021 to USD 5.7 billion by 2027 at a healthy CAGR of 4.8% during the forecast period of 2022-2027.
Market Drivers
The prime factors that are driving the market are –
Rising popularity of adventure sports and outdoor recreation, the growing tourism industry.
The growing use of ATVs for various other purposes like farming, construction, military operations, surveying and patrolling, law enforcement, forestry, and others.
Various technological advancements in ATV engines and the introduction of new advanced ATV models.