$5.1bn
$XXX.Xm
1,058
31
$XX.Xm
ATV manufacturers have faced notable volatility through the current period. Since these products are highly discretionary, severe economic uncertainty contributed to sharp declines and weak profit. Manufacturers capitalized on lockdown restrictions and stimulus checks to create massive growth opportunities in 2021. Even so, plummeting consumer confidence, volatile inflation and climbing interest rates curtailed growth. Overall, revenue contracted at an expected CAGR of 2.7% to $5.1 billion through the current period, despite a 0.1% increase in 2024, where profit reached 5.6%.
Industry revenue has declined at a CAGR of 2.7 % over the past five years, to reach an estimated $5.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Polaris Inc. | 1,430.6 | 114.2 | 8.0 | |
Deere & Co | 478.0 | 90.1 | 18.9 | |
Honda Motor Co Ltd | 317.9 | 21.2 | 6.7 |
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Industry revenue is measured across several distinct product and services lines, including General use/utility ATVs, Side-by-side ATVs and Sport/high-performance ATV. General use/utility ATVs is the largest segment of the ATV Manufacturing in the US.
Work activities have promoted growth for general use/utility ATVs
This industry manufactures all-terrain vehicles (ATVs) and their associated parts. ATVs are four-wheeled vehicles typically equipped with wide tires that have a deep tread suitable for various conditions and terrains. They can be used for recreation or utility purposes.
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NAICS 33699 - ATV Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
ATV manufacturers dealt with severe economic uncertainty. Climbing interest rates, supply chain disruptions, low consumer confidence and high unemployment contributed to weak...
Learn about an industry's products and services, markets and trends in international trade.
General use ATVs and UTVs make up the largest portion of revenue. Many companies have supplemented revenue with parts and accessories, especially since high interest rates ha...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Access to upstream suppliers is essential. Many manufacturers have facilities in the Great Lakes region to gain access to various inputs and reduce transportation costs.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
ATV manufacturers face stiff internal competition and import penetration. Price, design, quality and brand loyalty contribute to considerable competition among producers.
Learn about the performance of the top companies in the industry.
Leading manufacturers, like Polaris, have created dominant positions in the market. These companies have leveraged economies of scale, strong reputations and connections with...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
ATV manufacturers must adhere to various environmental, manufacturing and safety regulations. Companies must ensure that products meet minimum operational standards to preven...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers have struggled to generate profit growth through the current period. Supply chain disruptions and economic uncertainty have led to limited demand and elevated c...
Including values and annual change:
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Key data sources in the US include:
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The market size of the ATV Manufacturing in the US industry in United States is $5.1bn in 2024.
There are 31 businesses in the ATV Manufacturing in the US industry in United States, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the ATV Manufacturing in the US industry in United States has been declining at a CAGR of 2.7 % between 2019 and 2024.
Over the next five years, the ATV Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the ATV Manufacturing market in United States are Polaris Inc., Deere & Co and Honda Motor Co Ltd
Manufacturing type-1 ATVs and Manufacturing utility ATVs are part of the ATV Manufacturing in the US industry.
The company holding the most market share in United States is Polaris Inc..
The level of competition is moderate and increasing in the ATV Manufacturing in the US industry in United States.