South Korea All Terrain Vehicle Market Size & Outlook

The all terrain vehicle market in South Korea is expected to reach a projected revenue of US$ 99.3 million by 2030. A compound annual growth rate of 4.6% is expected of South Korea all terrain vehicle market from 2024 to 2030.
Revenue, 2023 (US$M)
$72.3
Forecast, 2030 (US$M)
$99.3
CAGR, 2024 - 2030
4.6%
Report Coverage
South Korea

South Korea all terrain vehicle market highlights

  • The South Korea all terrain vehicle market generated a revenue of USD 72.3 million in 2023 and is expected to reach USD 99.3 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
  • In terms of segment, 400cc to 800cc was the largest revenue generating engine capacity type in 2023.
  • Above 800cc is the most lucrative engine capacity type segment registering the fastest growth during the forecast period.

All terrain vehicle market data book summary

Market revenue in 2023USD 72.3 million
Market revenue in 2030USD 99.3 million
Growth rate4.6% (CAGR from 2023 to 2030)
Largest segment400cc to 800cc
Fastest growing segmentAbove 800cc
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBelow 400cc, 400cc to 800cc, Above 800cc
Key market players worldwidePolaris Industries, American Honda Motor Company, BRP Inc Shs Subord.Voting, Yamaha Motor Co Ltd, Kawasaki Heavy Industries Ltd, Suzuki Motor Corp

Other key industry trends

  • In terms of revenue, South Korea accounted for 1.6% of the global all terrain vehicle market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China all terrain vehicle market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 134.0 million by 2030.

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All Terrain Vehicle Market Scope

All terrain vehicle market segmentation & scope

All Terrain Vehicle Market Companies

Name Profile # Employees HQ Website

South Korea all terrain vehicle market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to all terrain vehicle market will help companies and investors design strategic landscapes.


400cc to 800cc was the largest segment with a revenue share of 38.87% in 2023. Horizon Databook has segmented the South Korea all terrain vehicle market based on below 400cc, 400cc to 800cc, above 800cc covering the revenue growth of each sub-segment from 2018 to 2030.


  • South Korea All Terrain Vehicle Engine Capacity Type Outlook (Revenue, USD Million, 2018-2030)
    • Below 400cc
    • 400cc to 800cc
    • Above 800cc

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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea all terrain vehicle market , including forecasts for subscribers. This country databook contains high-level insights into South Korea all terrain vehicle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea all terrain vehicle market size, by engine capacity type, 2018-2030 (US$M)

South Korea All Terrain Vehicle Market Outlook Share, 2023 & 2030 (US$M)

South Korea all terrain vehicle market size, by engine capacity type, 2018-2030 (US$M)

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