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The all-terrain vehicle (ATV) market size is forecast to increase by USD 2.12 billion at a CAGR of 8.8% between 2023 and 2028. The market is witnessing significant growth due to the expanding use of these vehicles in farming and farm-related activities, forestry, and field plowing. Four-wheel drive ATVs, with their superior ground clearance and handlebar control, are increasingly preferred for these applications. However, concerns regarding gasoline ATVs' greenhouse emissions and rising fatalities due to accidents are potential challenges. To mitigate these issues, manufacturers are focusing on developing more eco-friendly ATVs and enhancing safety features. ATVs are extensively used for fence mending, hauling equipment, and off-road recreational activities. The market is expected to continue its growth trajectory, driven by these applications and the increasing number of ATV experience zones.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Engine Capacity
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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