Global UTV (Utility Terrain Vehicle) Market Growth 2025-2031

Global UTV (Utility Terrain Vehicle) Market Growth 2025-2031

The global UTV (Utility Terrain Vehicle) market size is predicted to grow from US$ 5183 million in 2025 to US$ 6735 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

UTV, namely Utility Terrain Vehicle, is defined as a vehicle:

-Designed for operation off of the highway

-Suspended on four or more low pressure or non-pneumatic tires

-Has a steering wheel for steering control

-Have one seat to accommodate a driver and one or more passenger sitting

For industry structure analysis, the UTV (Utility Terrain Vehicle) industry is concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers include Polaris, John Deere, Kawasaki, Yamaha Motor and Kubota, ​account for about 80 % of the revenue market. Regionally, United States is the biggest sales value area, also the leader in the whole UTV (Utility Terrain Vehicle) industry.

North America occupied 72% of the sales market. It is followed by Europe and Asia-Pacific, which respectively account for around 15% and 5% of the global total industry. Other countries have a smaller amount of sales.

LP Information, Inc. (LPI) ' newest research report, the “UTV (Utility Terrain Vehicle) Industry Forecast” looks at past sales and reviews total world UTV (Utility Terrain Vehicle) sales in 2024, providing a comprehensive analysis by region and market sector of projected UTV (Utility Terrain Vehicle) sales for 2025 through 2031. With UTV (Utility Terrain Vehicle) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world UTV (Utility Terrain Vehicle) industry.

This Insight Report provides a comprehensive analysis of the global UTV (Utility Terrain Vehicle) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on UTV (Utility Terrain Vehicle) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global UTV (Utility Terrain Vehicle) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for UTV (Utility Terrain Vehicle) and breaks down the forecast by Displacement (CC), by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global UTV (Utility Terrain Vehicle).

This report presents a comprehensive overview, market shares, and growth opportunities of UTV (Utility Terrain Vehicle) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Displacement (CC):
Below 400
400-800
Above 800

Segmentation by Application:
Work UTV
Sport UTV
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Polaris
John Deere
Kawasaki
Yamaha Motor
Kubota
Arctic Cat
Honda
BRP
KYMCO
HSUN Motor
CFMOTO
Linhai Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global UTV (Utility Terrain Vehicle) market?

What factors are driving UTV (Utility Terrain Vehicle) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do UTV (Utility Terrain Vehicle) market opportunities vary by end market size?

How does UTV (Utility Terrain Vehicle) break out by Displacement (CC), by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.