Asia-pacific Electric Atv And Utv Market 2024-2032

Asia-pacific Electric Atv And Utv Market 2024-2032



Market Outlook

Triton’s report suggests that the Asia-Pacific electric ATV and UTV market is projected to achieve revenue growth at a CAGR of 12.65% during the forecast period 2024-2032. Japan, Australia & New Zealand, India, South Korea, China, ASEAN countries, and the Rest of Asia-Pacific are evaluated in the region’s market.

Electric all-terrain vehicles and utility task vehicles have become prevalent in the mountainous areas and islands of South Korea. Anticipated growth in the power sports industry, driven by evolving consumer preferences, is set to elevate the demand for these vehicles. Innovation by industry players further contributes to the heightened interest in these automobiles. A notable example is KIA Motors’ October 2020 declaration of its intention to manufacture combat vehicles, prioritizing ATVs.

The burgeoning popularity of adventure sports in India has led to the widespread adoption of electric ATVs and UTVs for promoting off-road activities. In Noida, for example, recent installations of ATV tracks now offer customers an immersive off-road experience. Furthermore, the influx of global firms into the Indian market has played a pivotal role in propelling the market’s expansion. Notably, the off-road vehicles provided by such companies are actively utilized by police forces in Gujarat, Tamil Nadu, Kerala, etc. Hence, these factors widen the overall scope of the electric ATV and UTV market.

Competitive Outlook

The major firms in the electric ATV and UTV market consist of BRP Inc, Deere and Company, Polaris Inc, Honda Motor Company Ltd, and DRR USA.


1. Asia-pacific Electric Atv And Utv Market – Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Electric Atv And Utv Market
2.2. Porter’s Five Forces Analysis
2.2.1. Threat Of New Entrants
2.2.2. Threat Of Substitutes
2.2.3. Bargaining Power Of Suppliers
2.2.4. Bargaining Power Of Buyers
2.2.5. Threat Of Competitive Rivalry
2.3. Key Buying Impact Analysis
2.4. Key Market Strategies
2.4.1. Contracts And Partnerships
2.4.2. Business Expansion And Divestiture
2.4.3. New Product Launches
2.4.4. Acquisition
2.5. Market Drivers
2.5.1. Lower Noise Emissions From Electric Atvs And Utvs
2.5.2. Growing Environmental Concerns Expected To Fuel Electric Variants Demand
2.6. Market Challenges
2.6.1. Vehicle Range And Battery Weight Concern
2.6.2. High Purchase Cost
2.7. Analyst Perspective
3. Asia-pacific Electric Atv And Utv Market – By Vehicle Type
3.1. Atv
3.2. Utv
4. Asia-pacific Electric Atv And Utv Market - By Displacement
4.1. ≤ 400 (Cc)
4.2. 400-800(Cc)
4.3. ≥ 800 (Cc)
5. Asia-pacific Electric Atv And Utv Market - By Propulsion
5.1. Battery Electric
5.2. Hybrid
6. Asia-pacific Electric Atv And Utv Market - By Battery Capacity
6.1. Up To 48v
6.2. 48v To 72v
6.3. Above 72v
7. Asia-pacific Electric Atv And Utv Market - By End-user
7.1. Recreational
7.2. Sports
7.3. Agriculture & Utility
7.4. Military & Defense
7.5. Other End-users
8. Asia-pacific Electric Atv And Utv Market – By Country Outlook
8.1. China
8.2. Japan
8.3. India
8.4. South Korea
8.5. Asean Countries
8.6. Australia & New Zealand
8.7. Rest Of Asia-pacific
9. Competitive Landscape
9.1. Brp Inc
9.1.1. Overview
9.1.2. Product Portfolio
9.1.3. Strengths
9.1.4. Challenge
9.2. Cfmoto
9.2.1. Overview
9.2.2. Product Portfolio
9.2.3. Strengths
9.2.4. Challenge
9.3. Deere And Company
9.3.1. Overview
9.3.2. Product Portfolio
9.3.3. Strengths
9.3.4. Challenge
9.4. Hisun Motors Corporation Usa
9.4.1. Overview
9.4.2. Product Portfolio
9.4.3. Strengths
9.4.4. Challenge
9.5. Honda Motor Company Ltd
9.5.1. Overview
9.5.2. Product Portfolio
9.5.3. Strengths
9.5.4. Challenge
9.6. Kawasaki Heavy Industries Ltd
9.6.1. Overview
9.6.2. Product Portfolio
9.6.3. Strengths
9.6.4. Challenge
9.7. Polaris Inc
9.7.1. Overview
9.7.2. Product Portfolio
9.7.3. Strengths
9.7.4. Challenge
9.8. Suzuki Motors Corporation
9.8.1. Overview
9.8.2. Product Portfolio
9.8.3. Strengths
9.8.4. Challenge
9.9. Textron Inc (Artic Cat)
9.9.1. Overview
9.9.2. Product Portfolio
9.9.3. Strengths
9.9.4. Challenge
9.10. Yamaha Motor Co Ltd
9.10.1. Overview
9.10.2. Product Portfolio
9.10.3. Strengths
9.10.4. Challenge
9.11. Drr Usa
9.11.1. Overview
9.11.2. Product Portfolio
10. Research Methodology & Scope
10.1. Research Scope & Deliverables
10.1.1. Objectives Of Study
10.1.2. Scope Of Study
10.2. Sources Of Data
10.2.1. Primary Data Sources
10.2.2. Secondary Data Sources
10.3. Research Methodology
10.3.1. Evaluation Of The Proposed Market
10.3.2. Identification Of Data Sources
10.3.3. Assessment Of Market Determinants
10.3.4. Data Collection
10.3.5. Data Validation & Analysis
List Of Tables
Table 1: Asia-pacific Electric Atv And Utv Market, By Country Outlook, 2024-2032 (In $ Million)
Table 2: List Of Contracts And Partnerships
Table 3: List Of Business Expansion And Divestiture
Table 4: List Of New Product Launches
Table 5: Asia-pacific Electric Atv And Utv Market, By Vehicle Type, 2024-2032 (In $ Million)
Table 6: Asia-pacific Electric Atv And Utv Market, By Displacement, 2024-2032 (In $ Million)
Table 7: Asia-pacific Electric Atv And Utv Market, By Propulsion, 2024-2032 (In $ Million)
Table 8: Asia-pacific Electric Atv And Utv Market, By Battery Capacity, 2024-2032 (In $ Million)
Table 9: Asia-pacific Electric Atv And Utv Market, By End-user, 2024-2032 (In $ Million)
List Of Figures
Figure 1: Porter’s Five Forces Analysis
Figure 2: Key Buying Impact Analysis
Figure 3: Asia-pacific Electric Atv And Utv Market, By Vehicle Type, 2023 & 2032 (In %)
Figure 4: Asia-pacific Electric Atv And Utv Market, By Atv, 2024-2032 (In $ Million)
Figure 5: Asia-pacific Electric Atv And Utv Market, By Utv, 2024-2032 (In $ Million)
Figure 6: Asia-pacific Electric Atv And Utv Market, By Displacement, 2023 & 2032 (In %)
Figure 7: Asia-pacific Electric Atv And Utv Market, By ≤ 400 (Cc), 2024-2032 (In $ Million)
Figure 8: Asia-pacific Electric Atv And Utv Market, By 400-800(Cc), 2024-2032 (In $ Million)
Figure 9: Asia-pacific Electric Atv And Utv Market, By ≥ 800 (Cc), 2024-2032 (In $ Million)
Figure 10: Asia-pacific Electric Atv And Utv Market, By Propulsion, 2023 & 2032 (In %)
Figure 11: Asia-pacific Electric Atv And Utv Market, By Battery Electric, 2024-2032 (In $ Million)
Figure 12: Asia-pacific Electric Atv And Utv Market, By Hybrid, 2024-2032 (In $ Million)
Figure 13: Asia-pacific Electric Atv And Utv Market, By Battery Capacity, 2023 & 2032 (In %)
Figure 14: Asia-pacific Electric Atv And Utv Market, By Up To 48v, 2024-2032 (In $ Million)
Figure 15: Asia-pacific Electric Atv And Utv Market, By 48v To 72v, 2024-2032 (In $ Million)
Figure 16: Asia-pacific Electric Atv And Utv Market, By Above 72v, 2024-2032 (In $ Million)
Figure 17: Asia-pacific Electric Atv And Utv Market, By End-user, 2023 & 2032 (In %)
Figure 18: Asia-pacific Electric Atv And Utv Market, By Recreational, 2024-2032 (In $ Million)
Figure 19: Asia-pacific Electric Atv And Utv Market, By Sports, 2024-2032 (In $ Million)
Figure 20: Asia-pacific Electric Atv And Utv Market, By Agriculture & Utility, 2024-2032 (In $ Million)
Figure 21: Asia-pacific Electric Atv And Utv Market, By Military & Defense, 2024-2032 (In $ Million)
Figure 22: Asia-pacific Electric Atv And Utv Market, By Other End-users, 2024-2032 (In $ Million)
Figure 23: China Electric Atv And Utv Market 2024-2032 (In $ Million)
Figure 24: Japan Electric Atv And Utv Market 2024-2032 (In $ Million)
Figure 25: India Electric Atv And Utv Market 2024-2032 (In $ Million)
Figure 26: South Korea Electric Atv And Utv Market 2024-2032 (In $ Million)
Figure 27: Asean Countries Electric Atv And Utv Market 2024-2032 (In $ Million)
Figure 28: Australia & New Zealand Electric Atv And Utv Market 2024-2032 (In $ Million)
Figure 29: Rest Of Asia-pacific Electric Atv And Utv Market 2024-2032 (In $ Million)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings