DEC 27, 2019: The global All-terrain Vehicle market size is expected to reach USD 4.8 billion by 2025 , registering a CAGR of 3.1% over the forecast period, according to a new report by Radiant Insights, Inc. The development of recreational parks, off-road terrains, and trails is anticipated to boost the market demand for all-terrain vehicles (ATV). Moreover, governments’ efforts to enhance tourism and create a positive impact on local communities have proven to be beneficial for the sales of ATVs. For instance, the U.S. Forest Service launched the Travel Management & Off-Highway Vehicle (OHV) Program, intended to increase the popularity and awareness regarding the availability of trails in the region. Furthermore, in June 2018, the Canadian government invested approximately USD 1.7 million for the development of the motorized trail in the New Brunswick region, for which ATVs would be utilized. The increase in advertisements and the growing popularity of off-road racing eve
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