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The global all terrain vehicle (ATV) market was valued around USD 6 billion in 2015. It is expected to grow at a CAGR of 5% during 2016 to 2024 (forecast period). The industry will surpass USD 9 billion by the end of the forecast period. ATVs are popularly known as quads, three-wheelers, four-wheelers, quad bikes, or quadricycles.