Press Release

Utility ATVs to Dominate Asia-Pacific All Terrain Vehicle Market until 2023

Growing ATV application in agricultural and industrial sectors and increasing off-roading sports activities to drive Asia-Pacific all terrain vehicle market through 2023

According to TechSci Research report, Asia-Pacific All Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023”, all terrain vehicle (ATV) market in Asia-Pacific is projected to reach $ 1.57 billion by 2023, on the back of rising technological developments in ATVs, increasing off-roading vehicle activities and huge demand for ATVs from youth population across the region. Moreover, increasing number of off-roading sports tournaments and growing usage of all terrain vehicles for defense and agricultural purposes are few of the other prominent factors expected to boost the sales of all terrain vehicles in the region in coming years.   

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Utility all terrain vehicle segment accounts for the largest share in Asia-Pacific all terrain vehicle market. The leading position is being backed by the extensive application usage of utility ATVs in various industries, owing to their load carrying capacity, easy maintenance, economic pricing and several other advantages over sports ATVs. On account of all these features, the segment is anticipated to maintain its dominance in the region’s all terrain vehicle market over the next five years. Major all terrain vehicle manufacturers in the region are anticipated to increase their efforts to provide a wide range of products in this segment to meet varied customer requirements.

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“Growing per capita income, availability of a wide range of products, entry of several international brands and increasing commercialization of ATVs are among the key factors driving the sales of all terrain vehicles in Asia-Pacific. Moreover, increasing number of Chinese all terrain vehicle manufacturers in the region is expected to result in intense competition due to competitive pricing strategy, thereby positively influencing the region’s ATV market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia-Pacific All Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023 has analyzed the potential of Asia-Pacific all terrain vehicle market, and provides information and statistics on market structure and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the Asia-Pacific all terrain vehicle market.


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TechSci Research is a leading APAC market research firm publishing premium market research reports. Serving 700 APAC clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking APAC and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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Asia-Pacific All Terrain Vehicle Market By Product Type (Utility ATV, Sports ATV & Youth ATV), By Application Type (Entertainment, Sports, Agriculture & Others), By Country (China, Australia & Others), Competition Forecast & Opportunities,

Automotive | Dec, 2018

Growing ATV application in agricultural and industrial sectors and increasing off-roading sports activities to drive Asia-Pacific all terrain vehicle market through 2023

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