Canada ATV and UTV Market by Type (ATV and UTV), by Displacement (Below 400 cc, 400–800 cc, and above 800 cc), by Fuel Type (Gasoline Powered, Diesel Powered, and Electric Powered), and by Application (Military, Agriculture, Recreation, and Other Applications) – Opportunity Analysis and Industry Forecast, 2024–2030
Canada ATV and UTV Market was valued at USD 2.40 billion in 2023, and is predicted to reach USD 3.71 billion by 2030, with a CAGR of 5.6% from 2024 to 2030.
The ATV and UTV market in Canada are experiencing significant growth due to the increasing presence of manufacturers in the industry. For instance, Segway Canada, which invited Chicks and Machines, a motorsports web magazine run exclusively by women, to the official launch event for their all-terrain vehicles (ATV) in September 2021. This development opens up new opportunities for the Canadian ATV and UTV market. Thus, creating significant growth of the market.
However, in specific regions, the opportunity to access off-road spaces for either recreational or practical purposes might be constrained or curtailed due to factors like environmental regulations, land-use policies, or private property limitations. These restrictions have the potential to impede the broad utilization and enjoyment of ATVs and UTVs, especially among individuals participating in recreational riding activities.
Moreover, the off-road characteristics of ATVs and UTVs give rise to inherent safety risks and concerns. Accidents involving inexperienced or inattentive riders can result in injuries or even fatalities. Mitigating these risks requires the establishment of safety regulations, mandatory training criteria, and the enforcement of responsible riding behaviors. These measures are essential to minimize the potential hazards associated with these vehicles. Thus, limited off-road access and safety concerns restrain the market's growth in the region.
On the other hand, ATVs and UTVs serve as vehicles for camping and exploring nature but also have inherent risks. The availability of more of these vehicles on the market contributes to the higher frequency of ATV and UTV accidents. The primary cause of most vehicle accidents is the failure of drivers to behave safely and responsibly. Hence, market players are introducing ATVs and UTVs with advanced GPS features to enhance safety and security.
Therefore, the ATV is equipped with user-friendly GPS and vehicle data tracking equipment. Consequently, developing ATVs and UTVs with enhanced safety features to prevent accidents and fatalities presents a lucrative business opportunity for major ATV and UTV market players.
Segment Overview
The Canada ATV and UTV market industry is segmented on the basis of type, displacement, fuel type, and application.
• By type, the market is classified into ATV and UTV.
• By displacement, the market is segmented into Below 400 cc, 400–800 cc, above 800 cc.
• By fuel type, the market is categorized into gasoline powered, diesel powered, electric powered.
• By application, the market is divided into military, agriculture, recreation, and other applications.
Key Market Players
The key players in the Canada ATV and UTV market research include companies such as:
• Polaris, Inc
• BRP, Inc.
• Honda Motor Co., Inc.
• Kawasaki Heavy Industries Ltd.
• Yamaha Motor Co. Ltd.
• Textron, Inc.
• CF Moto
• Suzuki Motor Corporation
• KYMCO Group
• Kubota Corporation
KEY BENEFITS
• The Canada ATV and UTV market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the Canada ATV and UTV market is provided in the report.
• The competitive analysis of the market players along with their market share in the Canada ATV and UTV market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.
- 1. Introduction
- 1.1. Report Description
- 1.2. Who Should Read This Report
- 1.3. Key Market Segments
- 1.4. Key Market Players
- 1.5. Research Methodology
- 1.5.1 Secondary Research
- 1.5.2 Data Analysis Framework
- 1.5.3 Market Size Estimation
- 1.5.4 Forecasting
- 1.5.5 Primary Research And Data Validation
- 2. Canada ATV And UTV Market
- 2.1. Canada Overview
- 2.1.1 Canada ATV And UTV Market, By Type
- 2.1.2 Canada ATV And UTV Market, By Displacement Type
- 2.1.3 Canada ATV And UTV Market, By Fuel Type
- 2.1.4 Canada ATV And UTV Market, By Application
- 3. Company Profiles
- 3.1. Brp Inc.
- 3.1.1 Company Overview
- 3.1.2 Company Snapshot
- 3.1.3 Operating Business Segments
- 3.1.4 Product Portfolio
- 3.1.5 Business Performance Ss
- 3.1.6 Sales By Business Segment
- 3.1.7 Sales By Geographic Segment
- 3.1.8 Key Strategic Moves & Developments
- 3.1.9 Primary Market Competitors
- 3.2. Kawasaki Heavy Industries, Ltd.
- 3.2.1 Company Overview
- 3.2.2 Company Snapshot
- 3.2.3 Operating Business Segments
- 3.2.4 Product Portfolio
- 3.2.5 Business Performance
- 3.2.6 Sales By Business Segment
- 3.2.7 Sales By Geographic Segment
- 3.2.8 Key Strategic Moves & Developments
- 3.2.9 Primary Market Competitors
- 3.3. Kubota Corporation
- 3.3.1 Company Overview
- 3.3.2 Company Snapshot
- 3.3.3 Operating Business Segments
- 3.3.4 Product Portfolio
- 3.3.5 Business Performance
- 3.3.6 Sales By Business Segment
- 3.3.7 Sales By Geographic Segment
- 3.3.8 Key Strategic Moves & Developments
- 3.3.9 Primary Market Competitors
- 3.4. Polaris Inc.
- 3.4.1 Company Overview
- 3.4.2 Company Snapshot
- 3.4.3 Operating Business Segments
- 3.4.4 Product Portfolio
- 3.4.5 Business Performance
- 3.4.6 Sales By Business Segment
- 3.4.7 Sales By Geographic Segment
- 3.4.8 Key Strategic Moves & Developments
- 3.4.9 Primary Market Competitors
- 3.5. Suzuki Motor Corporation
- 3.5.1 Company Overview
- 3.5.2 Company Snapshot
- 3.5.3 Operating Business Segments
- 3.5.4 Product Portfolio
- 3.5.5 Business Performance
- 3.5.6 Sales By Business Segment
- 3.5.7 Sales By Geographic Segment
- 3.5.8 Key Strategic Moves & Developments
- 3.5.9 Primary Market Competitors
- 3.6. Yamaha Motor Co Ltd
- 3.6.1 Company Overview
- 3.6.2 Company Snapshot
- 3.6.3 Operating Business Segments
- 3.6.4 Product Portfolio
- 3.6.5 Business Performance
- 3.6.6 Sales By Business Segment
- 3.6.7 Sales By Geographic Segment
- 3.6.8 Key Strategic Moves & Developments
- 3.6.9 Primary Market Competitors
- 3.7. Textron Inc
- 3.7.1 Company Overview
- 3.7.2 Company Snapshot
- 3.7.3 Operating Business Segments
- 3.7.4 Product Portfolio
- 3.7.5 Business Performance
- 3.7.6 Sales By Business Segment
- 3.7.7 Sales By Geographic Segment
- 3.7.8 Key Strategic Moves & Developments
- 3.7.9 Primary Market Competitors
- 3.8. Honda Motor Co. Ltd.
- 3.8.1 Company Overview
- 3.8.2 Company Snapshot
- 3.8.3 Operating Business Segments
- 3.8.4 Product Portfolio
- 3.8.5 Business Performance
- 3.8.6 Sales By Business Segment
- 3.8.7 Sales By Geographic Segment
- 3.8.8 Key Strategic Moves & Developments
- 3.8.9 Primary Market Competitors
- 3.9. Kwang Yang Motor Co., Ltd.
- 3.9.1 Company Overview
- 3.9.2 Company Snapshot
- 3.9.3 Product Portfolio
- 3.9.4 Key Strategic Moves & Developments
- 3.9.5 Primary Market Competitors
- 3.10. Cfmoto
- 3.10.1 Company Overview
- 3.10.2 Company Snapshot
- 3.10.3 Product Portfolio
- 3.10.4 Business Performance
- 3.10.5 Key Strategic Moves & Developments
- 3.10.6 Primary Market Competitors
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