Electric All-Terrain is also known as quadricycle vehicle, which can be used for any terrain and run on 100% electricity with zero noise emission property. The electric ATV is suitable for rough, soft, hard, or almost any type of terrain and used for various purposes like adventure, sports, leisure activities, and people in mountain areas use it for approaching livestock as it saves time, cost. With amazing torque, the driver feels relaxing after driving it for the whole day.
Additionally, the charging ability of electric ATVs is very simple as it charges from 3 readily available pin charger. Also, it has zero carbon emission property, and that’s why the government and people prefer it for its eco-friendly nature. The government is making the various investment for promoting electric vehicles. Moreover, it has exceptional workhorse power as it tows weight and has to climb and move on any terrain.
The global Electric All-Terrain Vehicle market projected to show a substantial CAGR rate in the forecast period from 2020-2027. Owing to, inclination towards sports activities, increasing disposable income, rising demand for an electric vehicle, environmental concerns, enhanced vehicle experience, and the consumer experience.
Further, with the increasing advancement of technology, hybrid electric vehicles are contributing to the market demand of Electric All-Terrain Vehicle. These ATVs have high torque and workhorse used to climb and move on any terrain.
Moreover, electric ATVs are mainly used by people in visiting beaches, desert safari, doing mountain activities, adventure sports, and others. It provides enormous comfort for the driver, the eco-friendly feature, and cost-effectiveness help in driving the market demand of the electric ATV market. In addition to it, electric ATVs have maintained a dominant position in the market owing to their mature technology, high safety, high recycling efficiency, right combination consistency, and low price are providing competitive advantages in the electric ATVs market.
The electric ATVs have amazing high-power torques that enhance the driving experience and provide a comfortable riding experience. High torque helps the electric ATV to climb on hilly areas without putting pressure; thus, it quickly moves on different trails and can carry a heavy load due to equal weight distribution on all the tiers. Therefore, it used for trading goods from one place to another smoothly.
The demand for electric vehicles has been increasing with rising environmental concerns. Electric vehicles are suitable and cost-effective options for consumers. Due to their charging ability and quick charging properties, which are also contributing to the market demand of the electric ATVs globally.
Based on Product Type, the global electric ATVs market bifurcated into Utility ATV, and Sports ATV. The sports ATV segment has captured the largest market share. It will continue to grow in the forecast period on account of electric ATVs unique designs, which are meant for off-road activities, suitable for all types of trails and very high torque that helps in riding on mountains for recreational activities as well. Therefore, the sports ATV segment is expected to fuel the demand for the global electric ATV market.
Based on the drive type, the global Electric All-Terrain Vehicle market distributed into 2WD, 4WD. The 2WD segment has captured the largest market share of electric ATVs and will be continuing to bolster the market growth in the future as well. The effortless gear changing system of 2WD offers high and low gear changing ability and providing the bike for quick towing, and it starts just by flicking the switch. Therefore, 2WD type of electric ATVs is propelling the demand for the futures market.
Based on Application type, the global Electric All-Terrain Vehicle market classified into Sports, Entertainment, Agriculture, Military & Defense, and Others (Hunting & Forestry). Military & Defense is expected to rise at a substantial rate in the forecast period from 2020-2027. Owing to, haul equipment from one place to another, ample storage space, used for rescue operations, and monitoring forest and wildlife areas. Moreover, military organization contracts with various equipment manufacture for off-road combat, electric vehicle, and utility for military use. Thus, it increases the demand for electric ATVs for the military department.
Based on Seating capacity type, the global Electric All-Terrain Vehicle market bifurcated into One seat ATV and Two-seat ATV. The two-seat ATV segment is prevalent among others and is highly in demand. Electric ATV’s are used explicitly for adventure rides, beaches, recreational activities where people prefer to take a ride with another person as well. Therefore, two-seats ATV is extensively increasing the demand for electric ATVs in the future as well.
Based on the number of wheels, the global Electric All-Terrain Vehicle market segmented into Two-wheel, Three wheels, and Four wheels. The four wheels type ATVs have captured the highest demand for the electric ATVs and will be continuing fuel the market in the forecast period. It provides smooth brake power and regenerative braking, and it is also built strong to conquer the big bumps and tough trail on off-road activity. Thus, four-wheeler ATV delivers full support to the vehicle to function properly and increase the future demand for the electric ATV market.
Based on Battery type, the global Electric All-Terrain Vehicle market classified into Lead-acid type, Lithium battery, and others. The lead-acid type battery will capture the significant market share in the forecast period. Owing to high recycling efficiency, which helps in the least emission of lead from the lead-acid battery while disposing of them and cost-effective nature, and with more than 90% of recycling rate have maintained the high demand for electric ATVs in the market.
Based on geography, the global Electric All-Terrain Vehicle market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North America region expected to grow owing to increasing disposable income, technology advancement, adoption of electric vehicles, upcoming projects, and government concerns will drive the market demand of Electric All-Terrain Vehicle (ATV).
Companies such as Polaris Inc., EcoCharger, Bad Boy Buggies, Barefoot Motors, Daymark Inc., Zhejiang Kuke Sports Technology Co., Ltd., and other prominent players are operating in the global Electric All-Terrain Vehicle (ATV) market.
By Product Type
By Drive Type
By Seating Capacity
By Number of Wheels
By Battery Type