Global Electric All Terrain Vehicle Industry Market 2021-2026

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    Automobiles are primarily used for on-road travel. A newer segment of small vehicle that is popular in North America is the all-terrain vehicle. The first commercial all-terrain vehicle was the ATC90 introduced by the Honda Motor Company in 1970. This vehicle was a simple 3 wheeled vehicle with a small 90 cc ICE. The vehicle was originally intended to be used for recreational purposes.


    The continued development of the three-wheeled vehicles eventually evolved into the four-wheel vehicles we are familiar with today. While still used for recreation, the high performance and agile vehicles are used in many applications including farming, forestry, natural resource exploration, law enforcement and peacekeeping.


    Just as with automobiles, ATVs are powered by ICEs and thus generate GHG emissions, pollution, and noise. ATVs have a vastly different use than on road vehicles, they travel shorter distances usually at a much slower speed than automobiles and spend lots of time idling. These conditions make the vehicles ideal to electrify and potentially hybridize to greatly increase their overall efficiency.


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    The off-road capabilities allow them to be driven in environmentally sensitive areas where the impact of the emissions or a potential gasoline or oil leak may be substantial. The possibility of reducing the environmental impact of the small vehicle without sacrificing the vehicle’s high performance is a reasonable target within the ATVs.


    This gives us the much-required edge on the adherence and development of a Hybrid based ATV or Electric propulsion-based ATVs which can be used for rather lighter purposes on the forefront with a lower levels of aspects of operability in various highly harsh terrains.


    ATVs with an electric motor are inferior to ATVs with internal combustion engines in terms of various performance characteristics. Although the former have a number of advantages over the latter: the absence of emissions, which makes it possible to improve the ecological state of the planet, and an almost silent operation mode, which makes it possible to use them during special operations, as well as for walks in natural protected areas.


    To know about global all terrain vehicle market, read our report



    Decreased fuel consumption, or the elimination of fossil fuel all together can be seen as the biggest overall benefit of HEVs and EVs. This reduction or elimination of combustion also potentially reduces the overall GHG emissions and pollution.


    The market is driven by strategic business plans and new model developments and product launches supported by major players such as Yamaha, the BRP group. These have been investing in the research and development departments to electrify their portfolio.


    John Deere has completed acquisition of Bear flag Robotics in order to accelerate the autonomous technology to be used on farms for $250 million. The company announced a supply agreement with Mobile Track Solutions, as a part of the agreement the company will provide a greater than 27 cubic yard capacity towed scrapers for the distribution through the company’s construction and agriculture dealer networks.


    ATV EVs have the ability to provide emission free urban transportation. If the power plants that generate the electricity are taken into consideration, the overall emissions are still greatly reduced [6]. EVs also greatly reduce the level of noise pollution.


    The Global Electric All-Terrain Vehicles have been of major importance in the current climatic concentrated scenario as it embraces and portrays much averted and aligned competency towards reducing the Greenhouse gas emissions within the global scale.


    In order to create an ATV with an electromechanical transmission, the characteristics of which will not be inferior to those of an ATV with a mechanical transmission, it is necessary to select the optimal power plant and transmission. For the all-terrain vehicle being developed, it is necessary to justify the choice of the following main components that make up the power plant.


    The present electric motors are important in placing the required competency within the Electric ATVs of the global scale production. The Traction Electric Motor is used to propel vehicles by converting the energy stored in storage devices into mechanical energy. Whereas the power connectors are part of regulation maintenance on the electric drive capability.


    The market for all-terrain vehicles globally is estimated to grow at the rate of CAGR XX% to be valued at approximately $XX billion by the year 2026. 




    The Global Market of All Terrain Electric Vehicles can be segmented into following categories for further analysis.


    By Application

    • Residential Application
    • Commercial Application
    • Industrial Application
    • Military Application
    • High-Capacity User Application


    By Voltage Operation Type

    • Low (Below 48 V)
    • Medium ( 48 V – 72 V)
    • High (Above 72 V)


    By Drivetrain Configuration Type 

    • Two Wheel Drive
    • Four Wheel Drive
    • All Wheel Drive


    By Engine Size

    • Less than 400 cc
    • 400 cc to 800 cc
    • Greater than 800 cc


    By Tire Presence count

    • Four Wheeled ATVs
    • Greater than 4 Wheeled ATVs


    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region




    The Global Electric All terrain vehicles has been involved extensively in correlating and coordinating the required amounts of pollution control and thereby bringing up new integration as part of technological improvisations. These are important as it decides the adaptability and vehicular usage characteristics within the global scale and provision much required boost towards inhibition of the climate change being noticed worldwide due to increased pollution outrage.


    The most recent technology has been within the electric battery pack of the ATVs which have been improvised to LiFePO4 with cathode material because of safety and costs, even if the specific values of power and energy of  this  technology  are lower  than some other  technologies.


    The latest Electric ATV has been integrated with an electromechanical transmission, the decision was made to use a two-stage transfer case with a chain drive and a lockable center differential, which allows achieving the reduced resistance to movement of the ATV in a curve and, as a result, reduced energy losses and rejection of the drive for connecting the front gearbox and, to a greater extent, the unification of the front and rear main gears, which leads to a simplified design.


    The Chassis design within the Electric ATV has also been taken care of at all times within various vehicle integrations. It has been looked upon to have a better material integration into the chassis to provide better metallic material characteristics.


    There have been recent developments for having a composite material being used as a chassis requirement within the electric ATVs wherein the Chrome Moly Steel Combination is the best suitable technology which can be adopted to increase and have a higher strength capability.


    • In August 2021, John Deere launched the Gator XUV835M Honor edition Utility vehicle as a tribute to the military veterans.
    • In July 2021, Polaris unveiled a new Ranger SP 570 which is the next level electric ATV to be launched in the year 2022 for sale.
    • In May 2021, Green Scout announced the development of an electric 6-wheel ATV with a speed of up to 70 km/h with each wheel having a power of 3kW.
    • April 2021, Polaris launched a new all-electric personal carts named GEM for low-speed applications and available for personal customisation.
    • In February 2021, Polaris launched the Sportsman 450 H.O. as well as Sportsman 570 with more efficient and durable designs.
    • In October 2020, CFMOTO launched the 2021 ATV lineup which consists of the CFORCE ATV, UFORCE utility and ZFORCE.
    • In September 2020, Polaris incorporation signed a partnership agreement with Zero motorcycles to develop electric off-road vehicles for 10 years.
    • In September 2020, Polaris incorporation introduced the new MRZR Alpha which is the light tactical electric vehicle to be used by governments and defense organisations.
    • In February 2020, Powerland Agro Tractor vehicles launched its first all-electric ATV. The specifications of the vehicle includes a 10 kWh battery pack with a range of 80-100 km.




    The COVID-19 pandemic has caused sectors around the world to experience disruptions in the supply chain operations due to travel restrictions, lockdowns as well as due to halt in the manufacturing activities. Many automotive manufacturing and development companies are dependent on raw materials and intermediate products, whose supply disruptions have caused significant impact on the manufacturing and delivery of finished products. China and Taiwan are the key electronic parts manufacturers in the world, whose manufacturing units have been under regulation and lockdown disrupting the supply chain of the entire world.


    Due to the travel restrictions and stringent norms put in place in accordance to the pandemic protocol, the import and export of resources across the globe has disrupted causing huge economic losses. Some of the small business units and manufacturers are estimated to have gone out of business or acquired by the lead players of the market. However, with the relaxation in the pandemic protocols manufacturing units have started operations in less than 100% capacity which has contributed to the recovery of the market.


    The market is set to recover due to the expanding demand for zero-emission vehicles globally with massive research and development investments which have been aiming for improved efficiency and performance. The incentives and subsidies awarded for the purchase of EV across the globe as well as the rising fuel costs for conventional vehicles is expected to enhance the demand for Evs and with further extension, the demand for electric ATVs.



    The recent interventions within the All-Terrain Vehicles has been of major importance in order to have better mobilised carbon neutral compatibility and lower GHG Emissions being produced as there has been an established extensive usage of ATVs in all categories of operational environments.


    John Deere recently announced their results for the third quarter of the year FY-2021 with a net income of $1.667 billion which was a 52% increase from the same quarter of the year 2020 which reported $811 million. The sales of the company worldwide increased by 29% with net sales and revenue amounting $11.52 billion for this quarter. The company also announced the end to the Deere-Hitachi joint venture which was focusing on the manufacturing and marketing commitments.


    The Recent Polaris Sportsman 570 has been of major concentration considering its usage within the military aspects and better arms suspension to handle the various edge and cutting ultimate requirements in the terrains of harsh environment. This has been recently placed under possible development of an EV based drivetrain system in the global production scale as the Polaris Ranger EV.


    The Ranger EV has a high capacitated 500 lbs bed alongside possible towing capability of greater than 1500 lbs. The increased ground clearance and the high specification tires are the major installation requirements within the Ranger EV. It operates on a 48 Volt Medium Voltage AC Motor that produces a 30 HP Power. The major lacking factor is the speed which is essential within the military usage requirements. The company released the financial report for the second quarter of the year 2021 with sales worth $2,117 million which was a whopping 40% year on year increase as compared to the second quarter of 2020 which reported $1,511 worth of sales.


    Yamaha recently released their financial results for the second quarter of the year 2021, the net sales was 920,053 million yen which was an increase by 34.2% as compared to the sales recorded in 2020 for the same quarter as 685,499 million yen. The company in April 2021, also announced the development of an electric motor aimed to be used in hyper-EV models which provides 35-200 kW to be incorporated in automobiles and other mobility applications.


    The company HiSun motors corporation has signed an agreement with Northpoint Commercial Finance to become the company’s main lender. Northpoint is set to advance set-up its approval process with the advanced technology to support HiSun’s growing network of dealers and customers.


    The Lithium Prestige has been an extensive and efficient EV based ATV in the recent product developments wherein the vehicle can run at a speed of 31 Miles per hour with a charging efficiency of 69 Miles on a single charge. It has highly durable shock suspension requirements and power steering capability making it ideal for operation within the Medium Harsh Environment as part of Military and Environmental Studies requirements.




    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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