ATV and UTV Market By Vehicle Type (ATV, UTV), By Displacement (Less Than 400 CC, 400 CC To 800 CC, More Than 800 CC), By Power Output (Less Than 50kW, 50kW To 100 kW, Above 100 kW), By Fuel Type (Gasoline Powered, Diesel Powered, Electric Powered, Solar Powered), By End Use (Agriculture, Military, Mountaineering, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
The all-terrain vehicle (ATV) and utility terrain vehicle (UTV) market refers to the industry that designs, manufactures, and sells off-road vehicles for recreational and commercial purposes. ATVs are typically designed for individual use and are used for activities such as hunting, trail riding, and racing. UTVs, on the other hand, are designed for commercial use and are used in industries such as agriculture, forestry, mining, and construction. The market includes the production and sale of vehicles, as well as parts, accessories, and related services such as maintenance, repairs, and customization.
The global ATV and UTV market are growing rapidly due to increasing demand from consumers and industries and is highly competitive with key players investing in research and development to introduce new and innovative products and expanding their market presence through acquisitions and partnerships. For instance, in April 2021, Arctic Cat announced the launch of Alterra 600 EPS four-wheeler available to farmers, which equipped with new drivetrain, chassis, and engine for more power, and was designed to be easier for service.
The ATV and UTV market is segmented on the basis of vehicle type, displacement, power output, fuel type, end use, and region. By vehicle type, the market is bifurcated into ATV and UTV. By displacement, it is categorized into less than 400 cc, 400 - 800 cc, and more than 800 cc. By power output, it is classified into less than 50KW, 50kW to 100 KW, and above 100 KW. By fuel type, it is divided into gasoline powered, diesel powered, electric powered, and solar powered. By end use, it is segregated into agriculture, military, mountaineering, and others.
By region, the ATV and UTV market has been studied across North America, Europe, Asia-Pacific and LAMEA. Key players operating in the global ATV and UTV market are BRP Inc, CFmoto, Deere Company, Hisun Motors Corporation, Honda Motor Company, Ltd., Kawasaki Heavy Industries Ltd, Kwang Yang Motor Co., Ltd., Kubota Corporation, Polaris Industries, Inc., Suzuki Motor Corporation, Textron Inc, and Yamaha Motor Co., Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ATV and UTV market analysis from 2021 to 2031 to identify the prevailing ATV and UTV market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ATV and UTV market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ATV and UTV market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Vehicle TypeATV
UTV
By DisplacementLess Than 400 CC
400 CC To 800 CC
More Than 800 CC
By Power OutputLess Than 50kW
50kW To 100 kW
Above 100 kW
By Fuel TypeGasoline Powered
Diesel Powered
Electric Powered
Solar Powered
By End UseAgriculture
Military
Mountaineering
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
BRP
CFMOTO
Deere & Company
HISUN
Honda Motor Co., Ltd.
Kawasaki Heavy Industries
KUBOTA Corporation.
KWANG YANG MOTOR CO., LTD.
POLARIS INDUSTRIES, INC.
SUZUKI MOTOR CORPORATION
Textron Inc.
Yamaha Motor Co Ltd
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