Global ATVs+2 & 3 Wheeler Market Growth 2023-2029

Global ATVs+2 & 3 Wheeler Market Growth 2023-2029

Product Code:454552

Published Date: Feb 08,2023

Pages: 129

Region: Global

Category: Automobile & Transportation

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An all-terrain vehicle (ATV), also known as a quad, quad bike, three-wheeler, four-wheeler or quadricycle as defined by the American National Standards Institute (ANSI) is a vehicle that travels on low-pressure tires, with a seat that is straddled by the operator, along with handlebars for steering control. As the name implies, it is designed to handle a wider variety of terrain than most other vehicles. Although it is a street-legal vehicle in some countries, it is not street-legal within most states and provinces of Australia, the United States or Canada.

LPI (LP Information)' newest research report, the “ATVs+2 & 3 Wheeler Industry Forecast” looks at past sales and reviews total world ATVs+2 & 3 Wheeler sales in 2022, providing a comprehensive analysis by region and market sector of projected ATVs+2 & 3 Wheeler sales for 2023 through 2029. With ATVs+2 & 3 Wheeler sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ATVs+2 & 3 Wheeler industry.

This Insight Report provides a comprehensive analysis of the global ATVs+2 & 3 Wheeler landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on ATVs+2 & 3 Wheeler portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global ATVs+2 & 3 Wheeler market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ATVs+2 & 3 Wheeler and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global ATVs+2 & 3 Wheeler.

The global ATVs+2 & 3 Wheeler market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

India, the most important two and three wheeler market, has overtaken China to emerge as the world's biggest market for two-wheelers continued its growth trend in 2016. The massive government spending in rural programmes and large road-construction projects is leading to a pick-up in volumes in smaller towns and villages.

The market in China has been on a decline over the past few years, perhaps due to the fast-paced growth in car sales there as well as the curbs on petrol two-wheelers in top cities. China instead recorded decreasing volumes in 2016, down by 12% compared to the previous year and ending the period with nearly 16.8 million units production. The China domestic two and three wheeler industry will continue to face rising labor costs, lower market demand, more stringent price competition between enterprises. Overall, the domestic part of the city's ban on two wheeler policy will limit the consumption of the domestic motorcycle industry, but the devaluation of the renminbi and the export tax rebate rate of the motorcycle exports have played a positive impact, the motorcycle industry is entering a slow adjustment period. We forecast that China two and three wheeler market will keep a -3.87% CAGR decrease in 2016-2023F.

This report presents a comprehensive overview, market shares, and growth opportunities of ATVs+2 & 3 Wheeler market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Less than 200 ml
    201-400 ml
    401-700 ml
    More than 700 ml

Segmentation by application
    Sports and Leisure
    Agriculture
    Out-Door Work
    Military Forces
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Honda
    Hero MotoCorp Ltd
    Bajaj Auto Ltd
    TVS Motor Company Ltd
    Yamaha
    Suzuki
    Jiangmen Grand River Group Co., Ltd.
    Loncin Holding Ltd.
    Lifan Industry (Group) Co., Ltd.
    Luoyang Northern Enterprises Group Co., Ltd.
    Guangzhou Dayang Motorcycle Co., Ltd.
    Zongshen Industrial Group Co., Ltd.
    Jianshe Industries (Group) Co., Ltd.
    Chongqing Yinxiang Motorcycle (Group) Co., Ltd.
    Wuyang-Honda Motors (Guangzhou) Co., Ltd.
    China Jialing Industrial Co., Ltd.
    Sundiro Honda Motorcycle Co., Ltd.
    Qianjiang Group Co., Ltd.
    Piaggio
    Kwang Yang (Kymco)
    Kawasaki
    Polaris
    Arctic Cat
    Can-Am

Key Questions Addressed in this Report
What is the 10-year outlook for the global ATVs+2 & 3 Wheeler market?
What factors are driving ATVs+2 & 3 Wheeler market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do ATVs+2 & 3 Wheeler market opportunities vary by end market size?
How does ATVs+2 & 3 Wheeler break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?