North America Atv And Utv Market Forecast 2023-2032
KEY FINDINGS
The North America ATV and UTV market growth is predicted to accelerate by a 3.73% CAGR during the assessment years 2023-2032. Introducing new models by key players and racing championships by leading ATV & UTV clubs and favorable government initiatives propel market growth. The local and state governments implemented a law facilitating ATVs on roadways with some regulations.
MARKET INSIGHTS
The North America ATV and UTV market growth evaluation entails the assessment of Canada and United States. According to statistics by the Canadian Off-Highway Vehicle Distributors Council, which represents manufacturers and distributors, 56,789 new ATVs were sold in Canada in 2020. This number is 30% more than the total sales in 2019. However, after record-setting sales in 2020, sales fell in 2021, per the Quad Riders Association of British Columbia. Nevertheless, sales increased in January 2022.
Estimates indicate that Ontario province will dominate the market in the coming years. This dominance can be credited to several clubs actively promoting the maintenance and construction of trails. Additionally, multiple sports and recreational activities by the OFATV clubs may further augment the market over the projected timeframe. Leading multinational manufacturing corporations launching new utility vehicles is another factor expected to drive the market.
COMPETITIVE INSIGHTS
Some key market players include Suzuki Motors Corporation, Deere & Company, Yamaha Motor Co Ltd, Polaris Industries Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.5. Major Market Findings
- 2.5.1. Growing Defense Activities And Expenses To Aid In Market Growth
- 2.5.2. Great Variety Of Vehicles
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Popularity Of Adventure Sports
- 3.1.2. Increasing Usage Of Atvs And Utvs In Military
- 3.2. Key Restraints
- 3.2.1. Ban On Driving In Wildlife Areas
- 3.2.2. High Maintenance Costs
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Maturity Analysis
- 4.5. Market Concentration Analysis
- 4.6. Key Buying Criteria
- 5. Market By Vehicle Type
- 5.1. Atv
- 5.1.1. Market Forecast Revenue & Figure
- 5.1.2. Segment Analysis
- 5.2. Utv
- 5.2.1. Market Forecast Revenue & Figure
- 5.2.2. Segment Analysis
- 6. Market By Fuel Type
- 6.1. Gasoline-powered
- 6.1.1. Market Forecast Revenue & Figure
- 6.1.2. Segment Analysis
- 6.2. Diesel-powered
- 6.2.1. Market Forecast Revenue & Figure
- 6.2.2. Segment Analysis
- 6.3. Electric-powered
- 6.3.1. Market Forecast Revenue & Figure
- 6.3.2. Segment Analysis
- 6.4. Solar-powered
- 6.4.1. Market Forecast Revenue & Figure
- 6.4.2. Segment Analysis
- 7. Market By Displacement
- 7.1. ≤400 (Cc)
- 7.1.1. Market Forecast Revenue & Figure
- 7.1.2. Segment Analysis
- 7.2. 400-800 (Cc)
- 7.2.1. Market Forecast Revenue & Figure
- 7.2.2. Segment Analysis
- 7.3. ≥800 (Cc)
- 7.3.1. Market Forecast Revenue & Figure
- 7.3.2. Segment Analysis
- 8. Market By End-user
- 8.1. Recreational
- 8.1.1. Market Forecast Revenue & Figure
- 8.1.2. Segment Analysis
- 8.2. Sports
- 8.2.1. Market Forecast Revenue & Figure
- 8.2.2. Segment Analysis
- 8.3. Agriculture & Utility
- 8.3.1. Market Forecast Revenue & Figure
- 8.3.2. Segment Analysis
- 8.4. Military & Defense
- 8.4.1. Market Forecast Revenue & Figure
- 8.4.2. Segment Analysis
- 8.5. Other End-users
- 8.5.1. Market Forecast Revenue & Figure
- 8.5.2. Segment Analysis
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. North America Atv And Utv Market Drivers
- 9.1.3. North America Atv And Utv Market Challenges
- 9.1.4. Key Players
- 9.1.5. Country Analysis
- 9.1.5.1. United States
- 9.1.5.1.1. United States Atv And Utv Market Size & Opportunities
- 9.1.5.2. Canada
- 9.1.5.2.1. Canada States Atv And Utv Market Size & Opportunities
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Product Launches & Developments
- 10.1.2. Partnerships & Agreements
- 10.1.3. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. Brp Inc
- 10.2.1.1. Company Overview
- 10.2.1.2. Product List
- 10.2.1.3. Financial Analysis
- 10.2.1.4. Strengths & Challenges
- 10.2.2. Cfmoto
- 10.2.2.1. Company Overview
- 10.2.2.2. Product List
- 10.2.2.3. Financial Analysis
- 10.2.2.4. Strength & Challenges
- 10.2.3. Deere And Company
- 10.2.3.1. Company Overview
- 10.2.3.2. Product List
- 10.2.3.3. Financial Analysis
- 10.2.3.4. Strengths & Challenges
- 10.2.4. Hisun Motors Corporation
- 10.2.4.1. Company Overview
- 10.2.4.2. Product List
- 10.2.4.3. Strengths & Challenges
- 10.2.5. Honda Motor Company Ltd
- 10.2.5.1. Company Overview
- 10.2.5.2. Product List
- 10.2.5.3. Financial Analysis
- 10.2.5.4. Strengths & Challenges
- 10.2.6. Kawasaki Heavy Industries Ltd
- 10.2.6.1. Company Overview
- 10.2.6.2. Product List
- 10.2.6.3. Financial Analysis
- 10.2.6.4. Strengths & Challenges
- 10.2.7. Kubota Corporation
- 10.2.7.1. Company Overview
- 10.2.7.2. Product List
- 10.2.7.3. Financial Analysis
- 10.2.7.4. Strengths & Challenges
- 10.2.8. Kwang Yang Motor Co Ltd
- 10.2.8.1. Company Overview
- 10.2.8.2. Product List
- 10.2.8.3. Strengths & Challenges
- 10.2.9. Polaris Inc
- 10.2.9.1. Company Overview
- 10.2.9.2. Product List
- 10.2.9.3. Financial Analysis
- 10.2.9.4. Strength & Challenges
- 10.2.10. Suzuki Motors Corporation
- 10.2.10.1. Company Overview
- 10.2.10.2. Product List
- 10.2.10.3. Financial Analysis
- 10.2.10.4. Strength & Challenges
- 10.2.11. Textron Inc (Artic Cat)
- 10.2.11.1. Company Overview
- 10.2.11.2. Product List
- 10.2.11.3. Financial Analysis
- 10.2.11.4. Strengths & Challenges
- 10.2.12. Yamaha Motor Co Ltd
- 10.2.12.1. Company Overview
- 10.2.12.2. Product List
- 10.2.12.3. Financial Analysis
- 10.2.12.4. Strengths & Challenges
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