Global Utility Vehicle Market 2022-2026

Global Utility Vehicle Market 2022-2026

Technavio has been monitoring the utility vehicle market and it is poised to grow by 9300 thousand units during 2022-2026, decelerating at a CAGR of 4.77% during the forecast period. Our report on the utility vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in penetration of the AWD and 4WD vehicles, rising demand for utility vehicles, and government rules to support driving utility vehicles such as UTVs on the road.

The utility vehicle market analysis includes the type segment and geographic landscape.

Technavio's utility vehicle market is segmented as below:

By Type

  • SUV
  • MUV
  • UTV
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the development of electric-powered utility vehicles as one of the prime reasons driving the utility vehicle market growth during the next few years. Also, new launches and expansion of dealer networks for effective product reach will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on utility vehicle market covers the following areas:
  • Utility vehicle market sizing
  • Utility vehicle market forecast
  • Utility vehicle market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading utility vehicle market vendors that include AB Volvo, Bayerische Motoren Werke AG, Bombardier Recreational Products Inc., Deere and Co., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Hyundai Motor Group, Kawasaki Heavy Industries Ltd., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault sas, SAIC Motor Corp. Ltd., Suzuki Motor Corp., Tata Sons Pvt. Ltd., Toyota Motor Corp., Volkswagen AG, and Yamaha Motor Co. Ltd. Also, the utility vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Global - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market- Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2021-2026 (%)
      • Table Data Table on Type - Market share 2021-2026 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • SUV - Market size and forecast 2021-2026
      • Table Chart on SUV - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on SUV - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on SUV - Year-over-year growth 2021-2026 (%)
      • Table Data Table on SUV - Year-over-year growth 2021-2026 (%)
    • MUV - Market size and forecast 2021-2026
      • Table Chart on MUV - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on MUV - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on MUV - Year-over-year growth 2021-2026 (%)
      • Table Data Table on MUV - Year-over-year growth 2021-2026 (%)
    • UTV - Market size and forecast 2021-2026
      • Table Chart on UTV - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on UTV - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on UTV - Year-over-year growth 2021-2026 (%)
      • Table Data Table on UTV - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type (thousand units)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on APAC - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Europe - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on North America - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on South America - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on China - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on US - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Germany - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Japan - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • India - Market size and forecast 2021-2026
      • Table Chart on India - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on India - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on India - Year-over-year growth 2021-2026 (%)
      • Table Data Table on India - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increase in penetration of AWD and 4WD vehicles
      • Rising demand for utility vehicles
    • Market challenges
      • Decrease in production and sale of automotive
      • Less awareness among consumers
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Development of electric-powered utility vehicles
      • New launches
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key news
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • Bayerische Motoren Werke AG
      • Table Bayerische Motoren Werke AG - Overview
      • Table Bayerische Motoren Werke AG - Business segments
      • Table Bayerische Motoren Werke AG - Key news
      • Table Bayerische Motoren Werke AG - Key offerings
      • Table Bayerische Motoren Werke AG - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • General Motors Co.
      • Table General Motors Co. - Overview
      • Table General Motors Co. - Business segments
      • Table General Motors Co. - Key news
      • Table General Motors Co. - Key offerings
      • Table General Motors Co. - Segment focus
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Business segments
      • Table Hyundai Motor Co. - Key news
      • Table Hyundai Motor Co. - Key offerings
      • Table Hyundai Motor Co. - Segment focus
    • Mercedes Benz Group AG
      • Table Mercedes Benz Group AG - Overview
      • Table Mercedes Benz Group AG - Product / Service
      • Table Mercedes Benz Group AG - Key offerings
    • Renault sas
      • Table Renault sas - Overview
      • Table Renault sas - Product / Service
      • Table Renault sas - Key news
      • Table Renault sas - Key offerings
    • Tata Sons Pvt. Ltd.
      • Table Tata Sons Pvt. Ltd. - Overview
      • Table Tata Sons Pvt. Ltd. - Business segments
      • Table Tata Sons Pvt. Ltd. - Key offerings
      • Table Tata Sons Pvt. Ltd. - Segment focus
    • Toyota Motor Corp.
      • Table Toyota Motor Corp. - Overview
      • Table Toyota Motor Corp. - Business segments
      • Table Toyota Motor Corp. - Key news
      • Table Toyota Motor Corp. - Key offerings
      • Table Toyota Motor Corp. - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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