NORTH AMERICA ATV AND UTV MARKET 2022-2028
MARKET OUTLOOK
According to Triton Market Research’s report, the ATV and UTV market in North America is evaluated to display a compound annual growth rate of 5.74% in the years 2022-2028. The United States and Canada outline the market in this region.
Several multinational manufacturing companies are introducing new utility vehicles within Canada. This is expected to increase the adoption rate of ATVs and UTVs across the country. For instance, Mahindra, an Indian car manufacturer, launched its side-by-side UTV named Roxor in the country. Therefore, such steps taken by major players are likely to open new avenues for the Canadian ATV and UTV market.
Furthermore, the upsurge in recreational parks for ATV ridings is a key factor supplementing the studied market’s development in the United States. For instance, the country multiplied recreational opportunities on public lands by including more miles to more than 19 national recreational routes. Besides this, many leading ATV and UTV manufacturers are arranging racing championships, amplifying the demand for these utility vehicles.
Economic development has also led to a surge in disposable income among users. This further heightens the demand for quad bikes for various purposes. Upgrading design standards for UTV production for defense activities is also propelling the ATV and UTV market on a growth trajectory in the United States.
COMPETITIVE OUTLOOK
The renowned companies in the ATV and UTV market consist of Suzuki Motors Corporation, BRP Inc, Deere and Company, Textron Inc, Kawasaki Heavy Industries, and CFmoto.
- 1. NORTH AMERICA ATV AND UTV MARKET - SUMMARY
- 2. INDUSTRY OUTLOOK
- 2.1. KEY INSIGHTS
- 1.1.1. GROWING USE OF ATVS ON UNEVEN ROADS
- 1.1.2. INCREASE IN ATV EXPERIENCE ZONES
- 1.1.3. GROWING PENETRATION OF CVTS IN ATVS
- 1.2. IMPACT OF COVID-19 ON ATV AND UTV MARKET
- 1.3. PORTER’S FIVE FORCES ANALYSIS
- 1.1.1. THREAT OF NEW ENTRANTS
- 1.1.2. THREAT OF SUBSTITUTES
- 1.1.3. BARGAINING POWER OF SUPPLIERS
- 1.1.4. BARGAINING POWER OF BUYERS
- 1.1.5. THREAT OF COMPETITIVE RIVALRY
- 1.2. KEY BUYING IMPACT ANALYSIS
- 1.1.1. GOVERNMENT REGULATIONS
- 1.1.2. PRICE
- 1.1.3. APPLICATION
- 1.2. MARKET ATTRACTIVENESS MATRIX
- 1.3. VENDOR SCORECARD
- 1.4. KEY MARKET STRATEGIES
- 1.1.1. CONTRACTS & PARTNERSHIPS
- 1.1.2. BUSINESS EXPANSIONS & DIVESTITURES
- 1.1.3. NEW PRODUCT LAUNCHES
- 1.2. MARKET DRIVERS
- 1.1.1. GROWING POPULARITY OF ADVENTURE SPORTS
- 1.1.2. INCREASING ATV AND UTV USE IN MILITARY
- 1.1.3. GOVERNMENT RULES SUPPORTING ATVS AND UTVS
- 1.2. MARKET CHALLENGES
- 1.1.1. DRIVING BAN IN WILDLIFE AREAS
- 1.1.2. HIGH MAINTENANCE COST
- 1.2. MARKET OPPORTUNITIES
- 1.1.1. PRODUCTION OF SAFER ATVS AND UTVS
- 2. NORTH AMERICA ATV AND UTV MARKET – BY VEHICLE TYPE
- 2.1. ATV
- 2.2. UTV
- 3. NORTH AMERICA ATV AND UTV MARKET - BY DISPLACEMENT
- 3.1. ≤ 400 (CC)
- 3.2. 400-800(CC)
- 3.3. ≥ 800 (CC)
- 4. NORTH AMERICA ATV AND UTV MARKET - BY FUEL TYPE
- 4.1. GASOLINE-POWERED
- 4.2. DIESEL-POWERED
- 4.3. ELECTRIC-POWERED
- 4.4. SOLAR-POWERED
- 5. NORTH AMERICA ATV AND UTV MARKET - BY END-USER
- 5.1. RECREATIONAL
- 5.2. SPORTS
- 5.3. AGRICULTURE & UTILITY
- 5.4. MILITARY & DEFENSE
- 5.5. OTHER END-USERS
- 6. NORTH AMERICA ATV AND UTV MARKET – REGIONAL OUTLOOK
- 6.1. COUNTRY ANALYSIS
- 1.3.1. UNITED STATES
- 1.3.2. CANADA
- 2. COMPETITIVE LANDSCAPE
- 2.1. BRP INC
- 2.2. CFMOTO
- 2.3. DEERE AND COMPANY
- 2.4. HISUN
- 2.5. HONDA MOTOR COMPANY
- 2.6. KAWASAKI HEAVY INDUSTRIES
- 2.7. KUBOTA CORPORATION
- 2.8. KWANG YANG MOTOR CO LTD
- 2.9. POLARIS INDUSTRIES INC
- 2.10. SUZUKI MOTORS CORPORATION
- 2.11. TEXTRON INC
- 2.12. YAMAHA MOTOR CO LTD
- 3. METHODOLOGY & SCOPE
- 3.1. RESEARCH SCOPE & DELIVERABLES
- 3.2. SOURCES OF DATA
- 3.3. RESEARCH METHODOLOGY
- LIST OF TABLES
- TABLE 1: NORTH AMERICA ATV AND UTV MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
- TABLE 2: MARKET ATTRACTIVENESS MATRIX
- TABLE 3: VENDOR SCORECARD
- TABLE 4: LIST OF CONTRACTS & PARTNERSHIPS
- TABLE 5: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
- TABLE 6: LIST OF NEW PRODUCT LAUNCHES
- TABLE 7: NORTH AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
- TABLE 8: NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
- TABLE 9: NORTH AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
- TABLE 10: NORTH AMERICA ATV AND UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
- TABLE 11: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
- LIST OF FIGURES
- FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
- FIGURE 2: KEY BUYING IMPACT ANALYSIS
- FIGURE 3: NORTH AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)
- FIGURE 4: NORTH AMERICA ATV AND UTV MARKET, BY ATV, 2022-2028 (IN $ MILLION)
- FIGURE 5: NORTH AMERICA ATV AND UTV MARKET, BY UTV, 2022-2028 (IN $ MILLION)
- FIGURE 6: NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021 & 2028 (IN %)
- FIGURE 7: NORTH AMERICA ATV AND UTV MARKET, BY ≤ 400 (CC), 2022-2028 (IN $ MILLION)
- FIGURE 8: NORTH AMERICA ATV AND UTV MARKET, BY 400-800(CC), 2022-2028 (IN $ MILLION)
- FIGURE 9: NORTH AMERICA ATV AND UTV MARKET, BY ≥ 800 (CC), 2022-2028 (IN $ MILLION)
- FIGURE 10: NORTH AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021 & 2028 (IN %)
- FIGURE 11: NORTH AMERICA ATV AND UTV MARKET, BY GASOLINE-POWERED, 2022-2028 (IN $ MILLION)
- FIGURE 12: NORTH AMERICA ATV AND UTV MARKET, BY DIESEL-POWERED, 2022-2028 (IN $ MILLION)
- FIGURE 13: NORTH AMERICA ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2022-2028 (IN $ MILLION)
- FIGURE 14: NORTH AMERICA ATV AND UTV MARKET, BY SOLAR-POWERED, 2022-2028 (IN $ MILLION)
- FIGURE 15: NORTH AMERICA ATV AND UTV MARKET, BY END-USER, 2021 & 2028 (IN %)
- FIGURE 16: NORTH AMERICA ATV AND UTV MARKET, BY RECREATIONAL, 2022-2028 (IN $ MILLION)
- FIGURE 17: NORTH AMERICA ATV AND UTV MARKET, BY SPORTS, 2022-2028 (IN $ MILLION)
- FIGURE 18: NORTH AMERICA ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2028 (IN $ MILLION)
- FIGURE 19: NORTH AMERICA ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
- FIGURE 20: NORTH AMERICA ATV AND UTV MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
- FIGURE 21: NORTH AMERICA ATV AND UTV MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
- FIGURE 22: UNITED STATES ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
- FIGURE 23: CANADA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
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