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ATV and UTV Market By Vehicle Type, By Displacement, By Power Output, By Fuel Type, By End Use: Global Opportunity Analysis and Industry Forecast, 2022-2031

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    Report

  • 370 Pages
  • June 2023
  • Region: Global
  • Allied Market Research
  • ID: 5341585
The all-terrain vehicle (ATV) and utility terrain vehicle (UTV) market refers to the industry that designs, manufactures, and sells off-road vehicles for recreational and commercial purposes. ATVs are typically designed for individual use and are used for activities such as hunting, trail riding, and racing. UTVs, on the other hand, are designed for commercial use and are used in industries such as agriculture, forestry, mining, and construction. The market Includes the production and sale of vehicles, as well as parts, accessories, and related services such as maintenance, repairs, and customization.

The global ATV and UTV market are growing rapidly due to Increasing demand from consumers and industries and is highly competitive with key players investing in research and development to introduce new and innovative products and expanding their market presence through acquisitions and partnerships. For instance, in April 2021, Arctic Cat announced the launch of Alterra 600 EPS four-wheeler available to farmers, which equipped with new drivetrain, chassis, and engine for more power, and was designed to be easier for service.

The ATV and UTV market is segmented on the basis of vehicle type, displacement, power output, fuel type, end use, and region. By vehicle type, the market is bifurcated into ATV and UTV. By displacement, it is categorized into less than 400 cc, 400 - 800 cc, and more than 800 cc. By power output, it is classified into less than 50KW, 50kW to 100 KW, and above 100 KW. By fuel type, it is divided into gasoline powered, diesel powered, electric powered, and solar powered. By end use, it is segregated into agriculture, military, mountaineering, and others.

By region, the ATV and UTV market has been studied across North America, Europe, Asia-Pacific and LAMEA. Key players operating in the global ATV and UTV market are BRP Inc, CFmoto, Deere Company, Hisun Motors Corporation, Honda Motor Company, Ltd., Kawasaki Heavy Industries Ltd, Kwang Yang Motor Co., Ltd., Kubota Corporation, Polaris Industries, Inc., Suzuki Motor Corporation, Textron Inc, and Yamaha Motor Co., Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ATV and UTV market analysis from 2021 to 2031 to identify the prevailing ATV and UTV market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the ATV and UTV market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report Includes the analysis of the regional as well as global ATV and UTV market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Vehicle Type

  • ATV
  • UTV

By Displacement

  • Less Than 400 CC
  • 400 CC To 800 CC
  • More Than 800 CC

By Power Output

  • Less Than 50kW
  • 50kW To 100 kW
  • Above 100 kW

By Fuel Type

  • Gasoline Powered
  • Diesel Powered
  • Electric Powered
  • Solar Powered

By End Use

  • Agriculture
  • Military
  • Mountaineering
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BRP
  • CFMOTO
  • Deere & Company
  • HISUN
  • Honda Motor Co., Ltd.
  • Kawasaki Heavy Industries
  • KUBOTA Corporation.
  • KWANG YANG MOTOR CO., LTD.
  • POLARIS INDUSTRIES, Inc.
  • SUZUKI MOTOR CORPORATION
  • Textron Inc.
  • Yamaha Motor Co. Ltd

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for ATV & UTV in military activities
3.4.1.2. Government rules to support driving ATVs & UTVs on road
3.4.1.3. Increase in trend of recreational activities & adventure sports
3.4.2. Restraints
3.4.2.1. Ban on ATV & UTV driving in wildlife area due to terrain damage
3.4.2.2. High maintenance cost of ATVs & UTVs
3.4.3. Opportunities
3.4.3.1. Production of safer ATVs & UTVs
3.4.3.2. Development of electric vehicles
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ATV AND UTV MARKET, BY VEHICLE TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. ATV
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. UTV
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: ATV AND UTV MARKET, BY DISPLACEMENT
5.1. Overview
5.1.1. Market size and forecast
5.2. Less Than 400 CC
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. 400 CC To 800 CC
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. More Than 800 CC
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: ATV AND UTV MARKET, BY POWER OUTPUT
6.1. Overview
6.1.1. Market size and forecast
6.2. Less Than 50kW
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. 50kW To 100 kW
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Above 100 kW
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: ATV AND UTV MARKET, BY FUEL TYPE
7.1. Overview
7.1.1. Market size and forecast
7.2. Gasoline Powered
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Diesel Powered
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
7.4. Electric Powered
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market share analysis by country
7.5. Solar Powered
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market share analysis by country
CHAPTER 8: ATV AND UTV MARKET, BY END USE
8.1. Overview
8.1.1. Market size and forecast
8.2. Agriculture
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by region
8.2.3. Market share analysis by country
8.3. Military
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by region
8.3.3. Market share analysis by country
8.4. Mountaineering
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by region
8.4.3. Market share analysis by country
8.5. Others
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by region
8.5.3. Market share analysis by country
CHAPTER 9: ATV AND UTV MARKET, BY REGION
9.1. Overview
9.1.1. Market size and forecast By Region
9.2. North America
9.2.1. Key trends and opportunities
9.2.2. Market size and forecast, by Vehicle Type
9.2.3. Market size and forecast, by Displacement
9.2.4. Market size and forecast, by Power Output
9.2.5. Market size and forecast, by Fuel Type
9.2.6. Market size and forecast, by End Use
9.2.7. Market size and forecast, by country
9.2.7.1. U.S.
9.2.7.1.1. Key market trends, growth factors and opportunities
9.2.7.1.2. Market size and forecast, by Vehicle Type
9.2.7.1.3. Market size and forecast, by Displacement
9.2.7.1.4. Market size and forecast, by Power Output
9.2.7.1.5. Market size and forecast, by Fuel Type
9.2.7.1.6. Market size and forecast, by End Use
9.2.7.2. Canada
9.2.7.2.1. Key market trends, growth factors and opportunities
9.2.7.2.2. Market size and forecast, by Vehicle Type
9.2.7.2.3. Market size and forecast, by Displacement
9.2.7.2.4. Market size and forecast, by Power Output
9.2.7.2.5. Market size and forecast, by Fuel Type
9.2.7.2.6. Market size and forecast, by End Use
9.2.7.3. Mexico
9.2.7.3.1. Key market trends, growth factors and opportunities
9.2.7.3.2. Market size and forecast, by Vehicle Type
9.2.7.3.3. Market size and forecast, by Displacement
9.2.7.3.4. Market size and forecast, by Power Output
9.2.7.3.5. Market size and forecast, by Fuel Type
9.2.7.3.6. Market size and forecast, by End Use
9.3. Europe
9.3.1. Key trends and opportunities
9.3.2. Market size and forecast, by Vehicle Type
9.3.3. Market size and forecast, by Displacement
9.3.4. Market size and forecast, by Power Output
9.3.5. Market size and forecast, by Fuel Type
9.3.6. Market size and forecast, by End Use
9.3.7. Market size and forecast, by country
9.3.7.1. UK
9.3.7.1.1. Key market trends, growth factors and opportunities
9.3.7.1.2. Market size and forecast, by Vehicle Type
9.3.7.1.3. Market size and forecast, by Displacement
9.3.7.1.4. Market size and forecast, by Power Output
9.3.7.1.5. Market size and forecast, by Fuel Type
9.3.7.1.6. Market size and forecast, by End Use
9.3.7.2. Germany
9.3.7.2.1. Key market trends, growth factors and opportunities
9.3.7.2.2. Market size and forecast, by Vehicle Type
9.3.7.2.3. Market size and forecast, by Displacement
9.3.7.2.4. Market size and forecast, by Power Output
9.3.7.2.5. Market size and forecast, by Fuel Type
9.3.7.2.6. Market size and forecast, by End Use
9.3.7.3. France
9.3.7.3.1. Key market trends, growth factors and opportunities
9.3.7.3.2. Market size and forecast, by Vehicle Type
9.3.7.3.3. Market size and forecast, by Displacement
9.3.7.3.4. Market size and forecast, by Power Output
9.3.7.3.5. Market size and forecast, by Fuel Type
9.3.7.3.6. Market size and forecast, by End Use
9.3.7.4. Italy
9.3.7.4.1. Key market trends, growth factors and opportunities
9.3.7.4.2. Market size and forecast, by Vehicle Type
9.3.7.4.3. Market size and forecast, by Displacement
9.3.7.4.4. Market size and forecast, by Power Output
9.3.7.4.5. Market size and forecast, by Fuel Type
9.3.7.4.6. Market size and forecast, by End Use
9.3.7.5. Rest of Europe
9.3.7.5.1. Key market trends, growth factors and opportunities
9.3.7.5.2. Market size and forecast, by Vehicle Type
9.3.7.5.3. Market size and forecast, by Displacement
9.3.7.5.4. Market size and forecast, by Power Output
9.3.7.5.5. Market size and forecast, by Fuel Type
9.3.7.5.6. Market size and forecast, by End Use
9.4. Asia-Pacific
9.4.1. Key trends and opportunities
9.4.2. Market size and forecast, by Vehicle Type
9.4.3. Market size and forecast, by Displacement
9.4.4. Market size and forecast, by Power Output
9.4.5. Market size and forecast, by Fuel Type
9.4.6. Market size and forecast, by End Use
9.4.7. Market size and forecast, by country
9.4.7.1. China
9.4.7.1.1. Key market trends, growth factors and opportunities
9.4.7.1.2. Market size and forecast, by Vehicle Type
9.4.7.1.3. Market size and forecast, by Displacement
9.4.7.1.4. Market size and forecast, by Power Output
9.4.7.1.5. Market size and forecast, by Fuel Type
9.4.7.1.6. Market size and forecast, by End Use
9.4.7.2. Japan
9.4.7.2.1. Key market trends, growth factors and opportunities
9.4.7.2.2. Market size and forecast, by Vehicle Type
9.4.7.2.3. Market size and forecast, by Displacement
9.4.7.2.4. Market size and forecast, by Power Output
9.4.7.2.5. Market size and forecast, by Fuel Type
9.4.7.2.6. Market size and forecast, by End Use
9.4.7.3. India
9.4.7.3.1. Key market trends, growth factors and opportunities
9.4.7.3.2. Market size and forecast, by Vehicle Type
9.4.7.3.3. Market size and forecast, by Displacement
9.4.7.3.4. Market size and forecast, by Power Output
9.4.7.3.5. Market size and forecast, by Fuel Type
9.4.7.3.6. Market size and forecast, by End Use
9.4.7.4. South Korea
9.4.7.4.1. Key market trends, growth factors and opportunities
9.4.7.4.2. Market size and forecast, by Vehicle Type
9.4.7.4.3. Market size and forecast, by Displacement
9.4.7.4.4. Market size and forecast, by Power Output
9.4.7.4.5. Market size and forecast, by Fuel Type
9.4.7.4.6. Market size and forecast, by End Use
9.4.7.5. Rest of Asia-Pacific
9.4.7.5.1. Key market trends, growth factors and opportunities
9.4.7.5.2. Market size and forecast, by Vehicle Type
9.4.7.5.3. Market size and forecast, by Displacement
9.4.7.5.4. Market size and forecast, by Power Output
9.4.7.5.5. Market size and forecast, by Fuel Type
9.4.7.5.6. Market size and forecast, by End Use
9.5. LAMEA
9.5.1. Key trends and opportunities
9.5.2. Market size and forecast, by Vehicle Type
9.5.3. Market size and forecast, by Displacement
9.5.4. Market size and forecast, by Power Output
9.5.5. Market size and forecast, by Fuel Type
9.5.6. Market size and forecast, by End Use
9.5.7. Market size and forecast, by country
9.5.7.1. Latin America
9.5.7.1.1. Key market trends, growth factors and opportunities
9.5.7.1.2. Market size and forecast, by Vehicle Type
9.5.7.1.3. Market size and forecast, by Displacement
9.5.7.1.4. Market size and forecast, by Power Output
9.5.7.1.5. Market size and forecast, by Fuel Type
9.5.7.1.6. Market size and forecast, by End Use
9.5.7.2. Middle East
9.5.7.2.1. Key market trends, growth factors and opportunities
9.5.7.2.2. Market size and forecast, by Vehicle Type
9.5.7.2.3. Market size and forecast, by Displacement
9.5.7.2.4. Market size and forecast, by Power Output
9.5.7.2.5. Market size and forecast, by Fuel Type
9.5.7.2.6. Market size and forecast, by End Use
9.5.7.3. Africa
9.5.7.3.1. Key market trends, growth factors and opportunities
9.5.7.3.2. Market size and forecast, by Vehicle Type
9.5.7.3.3. Market size and forecast, by Displacement
9.5.7.3.4. Market size and forecast, by Power Output
9.5.7.3.5. Market size and forecast, by Fuel Type
9.5.7.3.6. Market size and forecast, by End Use
CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Top player positioning, 2021
CHAPTER 11: COMPANY PROFILES
11.1. BRP
11.1.1. Company overview
11.1.2. Key Executives
11.1.3. Company snapshot
11.1.4. Operating business segments
11.1.5. Product portfolio
11.1.6. Business performance
11.1.7. Key strategic moves and developments
11.2. CFMOTO
11.2.1. Company overview
11.2.2. Key Executives
11.2.3. Company snapshot
11.2.4. Operating business segments
11.2.5. Product portfolio
11.2.6. Key strategic moves and developments
11.3. Deere & Company
11.3.1. Company overview
11.3.2. Key Executives
11.3.3. Company snapshot
11.3.4. Operating business segments
11.3.5. Product portfolio
11.3.6. Business performance
11.3.7. Key strategic moves and developments
11.4. HISUN
11.4.1. Company overview
11.4.2. Key Executives
11.4.3. Company snapshot
11.4.4. Operating business segments
11.4.5. Product portfolio
11.4.6. Key strategic moves and developments
11.5. Honda Motor Co., Ltd.
11.5.1. Company overview
11.5.2. Key Executives
11.5.3. Company snapshot
11.5.4. Operating business segments
11.5.5. Product portfolio
11.5.6. Business performance
11.5.7. Key strategic moves and developments
11.6. Kawasaki Heavy Industries
11.6.1. Company overview
11.6.2. Key Executives
11.6.3. Company snapshot
11.6.4. Operating business segments
11.6.5. Product portfolio
11.6.6. Business performance
11.6.7. Key strategic moves and developments
11.7. KUBOTA Corporation.
11.7.1. Company overview
11.7.2. Key Executives
11.7.3. Company snapshot
11.7.4. Operating business segments
11.7.5. Product portfolio
11.7.6. Business performance
11.7.7. Key strategic moves and developments
11.8. KWANG YANG MOTOR CO., LTD.
11.8.1. Company overview
11.8.2. Key Executives
11.8.3. Company snapshot
11.8.4. Operating business segments
11.8.5. Product portfolio
11.9. POLARIS INDUSTRIES, INC.
11.9.1. Company overview
11.9.2. Key Executives
11.9.3. Company snapshot
11.9.4. Operating business segments
11.9.5. Product portfolio
11.9.6. Business performance
11.9.7. Key strategic moves and developments
11.10. SUZUKI MOTOR CORPORATION
11.10.1. Company overview
11.10.2. Key Executives
11.10.3. Company snapshot
11.10.4. Operating business segments
11.10.5. Product portfolio
11.10.6. Business performance
11.10.7. Key strategic moves and developments
11.11. Textron Inc.
11.11.1. Company overview
11.11.2. Key Executives
11.11.3. Company snapshot
11.11.4. Operating business segments
11.11.5. Product portfolio
11.11.6. Business performance
11.11.7. Key strategic moves and developments
11.12. Yamaha Motor Co Ltd
11.12.1. Company overview
11.12.2. Key Executives
11.12.3. Company snapshot
11.12.4. Operating business segments
11.12.5. Product portfolio
11.12.6. Business performance
11.12.7. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 02. ATV AND UTV MARKET FOR ATV, BY REGION, 2021-2031 ($MILLION)
TABLE 03. ATV AND UTV MARKET FOR UTV, BY REGION, 2021-2031 ($MILLION)
TABLE 04. GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 05. ATV AND UTV MARKET FOR LESS THAN 400 CC, BY REGION, 2021-2031 ($MILLION)
TABLE 06. ATV AND UTV MARKET FOR 400 CC TO 800 CC, BY REGION, 2021-2031 ($MILLION)
TABLE 07. ATV AND UTV MARKET FOR MORE THAN 800 CC, BY REGION, 2021-2031 ($MILLION)
TABLE 08. GLOBAL ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 09. ATV AND UTV MARKET FOR LESS THAN 50KW, BY REGION, 2021-2031 ($MILLION)
TABLE 10. ATV AND UTV MARKET FOR 50KW TO 100 KW, BY REGION, 2021-2031 ($MILLION)
TABLE 11. ATV AND UTV MARKET FOR ABOVE 100 KW, BY REGION, 2021-2031 ($MILLION)
TABLE 12. GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 13. ATV AND UTV MARKET FOR GASOLINE POWERED, BY REGION, 2021-2031 ($MILLION)
TABLE 14. ATV AND UTV MARKET FOR DIESEL POWERED, BY REGION, 2021-2031 ($MILLION)
TABLE 15. ATV AND UTV MARKET FOR ELECTRIC POWERED, BY REGION, 2021-2031 ($MILLION)
TABLE 16. ATV AND UTV MARKET FOR SOLAR POWERED, BY REGION, 2021-2031 ($MILLION)
TABLE 17. GLOBAL ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 18. ATV AND UTV MARKET FOR AGRICULTURE, BY REGION, 2021-2031 ($MILLION)
TABLE 19. ATV AND UTV MARKET FOR MILITARY, BY REGION, 2021-2031 ($MILLION)
TABLE 20. ATV AND UTV MARKET FOR MOUNTAINEERING, BY REGION, 2021-2031 ($MILLION)
TABLE 21. ATV AND UTV MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
TABLE 22. ATV AND UTV MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 23. NORTH AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 24. NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 25. NORTH AMERICA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 26. NORTH AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 27. NORTH AMERICA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 28. NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 29. U.S. ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 30. U.S. ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 31. U.S. ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 32. U.S. ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 33. U.S. ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 34. CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 35. CANADA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 36. CANADA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 37. CANADA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 38. CANADA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 39. MEXICO ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 40. MEXICO ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 41. MEXICO ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 42. MEXICO ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 43. MEXICO ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 44. EUROPE ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 45. EUROPE ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 46. EUROPE ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 47. EUROPE ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 48. EUROPE ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 49. EUROPE ATV AND UTV MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 50. UK ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 51. UK ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 52. UK ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 53. UK ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 54. UK ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 55. GERMANY ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 56. GERMANY ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 57. GERMANY ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 58. GERMANY ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 59. GERMANY ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 60. FRANCE ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 61. FRANCE ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 62. FRANCE ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 63. FRANCE ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 64. FRANCE ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 65. ITALY ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 66. ITALY ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 67. ITALY ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 68. ITALY ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 69. ITALY ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 70. REST OF EUROPE ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 71. REST OF EUROPE ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 72. REST OF EUROPE ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 73. REST OF EUROPE ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 74. REST OF EUROPE ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 75. ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 76. ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 77. ASIA-PACIFIC ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 78. ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 79. ASIA-PACIFIC ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 80. ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 81. CHINA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 82. CHINA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 83. CHINA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 84. CHINA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 85. CHINA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 86. JAPAN ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 87. JAPAN ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 88. JAPAN ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 89. JAPAN ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 90. JAPAN ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 91. INDIA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 92. INDIA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 93. INDIA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 94. INDIA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 95. INDIA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 96. SOUTH KOREA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 97. SOUTH KOREA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 98. SOUTH KOREA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 99. SOUTH KOREA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 100. SOUTH KOREA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 101. REST OF ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 102. REST OF ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 103. REST OF ASIA-PACIFIC ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 104. REST OF ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 105. REST OF ASIA-PACIFIC ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 106. LAMEA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 107. LAMEA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 108. LAMEA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 109. LAMEA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 110. LAMEA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 111. LAMEA ATV AND UTV MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 112. LATIN AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 113. LATIN AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 114. LATIN AMERICA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 115. LATIN AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 116. LATIN AMERICA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 117. MIDDLE EAST ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 118. MIDDLE EAST ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 119. MIDDLE EAST ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 120. MIDDLE EAST ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 121. MIDDLE EAST ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 122. AFRICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 123. AFRICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2031 ($MILLION)
TABLE 124. AFRICA ATV AND UTV MARKET, BY POWER OUTPUT, 2021-2031 ($MILLION)
TABLE 125. AFRICA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 126. AFRICA ATV AND UTV MARKET, BY END USE, 2021-2031 ($MILLION)
TABLE 127. BRP: KEY EXECUTIVES
TABLE 128. BRP: COMPANY SNAPSHOT
TABLE 129. BRP: PRODUCT SEGMENTS
TABLE 130. BRP: PRODUCT PORTFOLIO
TABLE 131. BRP: KEY STRATERGIES
TABLE 132. CFMOTO: KEY EXECUTIVES
TABLE 133. CFMOTO: COMPANY SNAPSHOT
TABLE 134. CFMOTO: PRODUCT SEGMENTS
TABLE 135. CFMOTO: PRODUCT PORTFOLIO
TABLE 136. CFMOTO: KEY STRATERGIES
TABLE 137. DEERE & COMPANY: KEY EXECUTIVES
TABLE 138. DEERE & COMPANY: COMPANY SNAPSHOT
TABLE 139. DEERE & COMPANY: PRODUCT SEGMENTS
TABLE 140. DEERE & COMPANY: PRODUCT PORTFOLIO
TABLE 141. DEERE & COMPANY: KEY STRATERGIES
TABLE 142. HISUN: KEY EXECUTIVES
TABLE 143. HISUN: COMPANY SNAPSHOT
TABLE 144. HISUN: PRODUCT SEGMENTS
TABLE 145. HISUN: PRODUCT PORTFOLIO
TABLE 146. HISUN: KEY STRATERGIES
TABLE 147. HONDA MOTOR CO., LTD.: KEY EXECUTIVES
TABLE 148. HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 149. HONDA MOTOR CO., LTD.: PRODUCT SEGMENTS
TABLE 150. HONDA MOTOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 151. HONDA MOTOR CO., LTD.: KEY STRATERGIES
TABLE 152. KAWASAKI HEAVY INDUSTRIES: KEY EXECUTIVES
TABLE 153. KAWASAKI HEAVY INDUSTRIES: COMPANY SNAPSHOT
TABLE 154. KAWASAKI HEAVY INDUSTRIES: PRODUCT SEGMENTS
TABLE 155. KAWASAKI HEAVY INDUSTRIES: PRODUCT PORTFOLIO
TABLE 156. KAWASAKI HEAVY INDUSTRIES: KEY STRATERGIES
TABLE 157. KUBOTA CORPORATION.: KEY EXECUTIVES
TABLE 158. KUBOTA CORPORATION.: COMPANY SNAPSHOT
TABLE 159. KUBOTA CORPORATION.: PRODUCT SEGMENTS
TABLE 160. KUBOTA CORPORATION.: PRODUCT PORTFOLIO
TABLE 161. KUBOTA CORPORATION.: KEY STRATERGIES
TABLE 162. KWANG YANG MOTOR CO., LTD.: KEY EXECUTIVES
TABLE 163. KWANG YANG MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 164. KWANG YANG MOTOR CO., LTD.: PRODUCT SEGMENTS
TABLE 165. KWANG YANG MOTOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 166. POLARIS INDUSTRIES, INC.: KEY EXECUTIVES
TABLE 167. POLARIS INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 168. POLARIS INDUSTRIES, INC.: PRODUCT SEGMENTS
TABLE 169. POLARIS INDUSTRIES, INC.: PRODUCT PORTFOLIO
TABLE 170. POLARIS INDUSTRIES, INC.: KEY STRATERGIES
TABLE 171. SUZUKI MOTOR CORPORATION: KEY EXECUTIVES
TABLE 172. SUZUKI MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 173. SUZUKI MOTOR CORPORATION: PRODUCT SEGMENTS
TABLE 174. SUZUKI MOTOR CORPORATION: PRODUCT PORTFOLIO
TABLE 175. SUZUKI MOTOR CORPORATION: KEY STRATERGIES
TABLE 176. TEXTRON INC.: KEY EXECUTIVES
TABLE 177. TEXTRON INC.: COMPANY SNAPSHOT
TABLE 178. TEXTRON INC.: PRODUCT SEGMENTS
TABLE 179. TEXTRON INC.: PRODUCT PORTFOLIO
TABLE 180. TEXTRON INC.: KEY STRATERGIES
TABLE 181. YAMAHA MOTOR CO LTD: KEY EXECUTIVES
TABLE 182. YAMAHA MOTOR CO LTD: COMPANY SNAPSHOT
TABLE 183. YAMAHA MOTOR CO LTD: PRODUCT SEGMENTS
TABLE 184. YAMAHA MOTOR CO LTD: PRODUCT PORTFOLIO
TABLE 185. YAMAHA MOTOR CO LTD: KEY STRATERGIES
List of Figures
FIGURE 01. ATV AND UTV MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF ATV AND UTV MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN ATV AND UTV MARKET (2022-2031)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALATV AND UTV MARKET
FIGURE 10. ATV AND UTV MARKET, BY VEHICLE TYPE, 2021(%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR ATV, BY COUNTRY 2021 AND 2031(%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR UTV, BY COUNTRY 2021 AND 2031(%)
FIGURE 13. ATV AND UTV MARKET, BY DISPLACEMENT, 2021(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR LESS THAN 400 CC, BY COUNTRY 2021 AND 2031(%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR 400 CC TO 800 CC, BY COUNTRY 2021 AND 2031(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR MORE THAN 800 CC, BY COUNTRY 2021 AND 2031(%)
FIGURE 17. ATV AND UTV MARKET, BY POWER OUTPUT, 2021(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR LESS THAN 50KW, BY COUNTRY 2021 AND 2031(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR 50KW TO 100 KW, BY COUNTRY 2021 AND 2031(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR ABOVE 100 KW, BY COUNTRY 2021 AND 2031(%)
FIGURE 21. ATV AND UTV MARKET, BY FUEL TYPE, 2021(%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR GASOLINE POWERED, BY COUNTRY 2021 AND 2031(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR DIESEL POWERED, BY COUNTRY 2021 AND 2031(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR ELECTRIC POWERED, BY COUNTRY 2021 AND 2031(%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR SOLAR POWERED, BY COUNTRY 2021 AND 2031(%)
FIGURE 26. ATV AND UTV MARKET, BY END USE, 2021(%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR AGRICULTURE, BY COUNTRY 2021 AND 2031(%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR MILITARY, BY COUNTRY 2021 AND 2031(%)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR MOUNTAINEERING, BY COUNTRY 2021 AND 2031(%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF ATV AND UTV MARKET FOR OTHERS, BY COUNTRY 2021 AND 2031(%)
FIGURE 31. ATV AND UTV MARKET BY REGION, 2021
FIGURE 32. U.S. ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 33. CANADA ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 34. MEXICO ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 35. UK ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 36. GERMANY ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 37. FRANCE ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 38. ITALY ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 39. REST OF EUROPE ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 40. CHINA ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 41. JAPAN ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 42. INDIA ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 43. SOUTH KOREA ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 44. REST OF ASIA-PACIFIC ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 45. LATIN AMERICA ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 46. MIDDLE EAST ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 47. AFRICA ATV AND UTV MARKET, 2021-2031 ($MILLION)
FIGURE 48. TOP WINNING STRATEGIES, BY YEAR
FIGURE 49. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 50. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 51. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 52. COMPETITIVE DASHBOARD
FIGURE 53. COMPETITIVE HEATMAP: ATV AND UTV MARKET
FIGURE 54. TOP PLAYER POSITIONING, 2021
FIGURE 55. BRP: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 56. BRP: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 57. BRP: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 58. DEERE & COMPANY: NET SALES, 2020-2022 ($MILLION)
FIGURE 59. DEERE & COMPANY: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 60. DEERE & COMPANY: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 61. DEERE & COMPANY: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 62. HONDA MOTOR CO., LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 63. HONDA MOTOR CO., LTD.: NET SALES, 2019-2021 ($MILLION)
FIGURE 64. HONDA MOTOR CO., LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 65. HONDA MOTOR CO., LTD.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 66. KAWASAKI HEAVY INDUSTRIES: NET SALES, 2019-2021 ($MILLION)
FIGURE 67. KAWASAKI HEAVY INDUSTRIES: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 68. KAWASAKI HEAVY INDUSTRIES: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 69. KAWASAKI HEAVY INDUSTRIES: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 70. KUBOTA CORPORATION.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 71. KUBOTA CORPORATION.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 72. KUBOTA CORPORATION.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 73. KUBOTA CORPORATION.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 74. POLARIS INDUSTRIES, INC.: NET SALES, 2020-2022 ($MILLION)
FIGURE 75. POLARIS INDUSTRIES, INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 76. POLARIS INDUSTRIES, INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 77. POLARIS INDUSTRIES, INC.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 78. SUZUKI MOTOR CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 79. SUZUKI MOTOR CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 80. SUZUKI MOTOR CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 81. SUZUKI MOTOR CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 82. TEXTRON INC.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 83. TEXTRON INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 84. TEXTRON INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 85. TEXTRON INC.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 86. YAMAHA MOTOR CO LTD: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 87. YAMAHA MOTOR CO LTD: NET SALES, 2020-2022 ($MILLION)
FIGURE 88. YAMAHA MOTOR CO LTD: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 89. YAMAHA MOTOR CO LTD: REVENUE SHARE BY REGION, 2022 (%)

Executive Summary

The ATV and UTV market is expected to experience a significant growth rate of 7.3% from 2022 to 2031 owing to increased demand for off-road vehicles across the globe.

All-terrain vehicles (ATVs) and utility terrain vehicles (UTVs) are popular off-road vehicles that are used for recreational and commercial purposes. An ATV is a vehicle equipped with handlebars and four low-pressure tires which ease driving through a variety of terrain conditions. ATVs are known for their off-road capabilities & movability across all terrain and are applicable in survey, military, agriculture, sports, forestry, and other applications. ATVs & UTVs are typically utilized in off-road terrain, but only a few places allow their use on public roads as well.

These vehicles are handled very differently and require special training before being used. ATVs & UTVs have gained popularity over the past few years as they allow access to remote areas and provide a convenient way to carry supplies & equipment. Moreover, ATVs & UTVs are also used in transportation purposes by removing the use of animals. These vehicles are also used in military, marine, and army's ground unit to patrol, security, and reconnaissance purposes. For instance, in November 2020, Polaris Government & Defense developed sportsman MV850 ATV developed for military applications including, administrative, security, patrol, and reconnaissance purposes during forward operations and training.

The key factors driving the growth of the ATV and UTV market are Government rules to support driving ATVs and UTVs on road, Increase in trend of recreational activities and adventure sports and Rise in demand for ATV and UTV in military activities which supplements the growth of the market across the globe. Earlier, driving ATV and UTV on roadways was not allowed for safety purposes. However, in recent days, new bills and ordinances are being passed by government authorities to allow driving ATVs and UTVs on road. For instance, in May 2022, the Government of Newfoundland and Labrador announced new off-road vehicles act and regulations, which improve safety for all off-road vehicle users, expected to be implemented on May 19, 2022. According to this, wearing of helmets on all off-road vehicles will be compulsory and the helmets will also not be necessary for trapping and hunting activities, which involves frequent stops, where speed is less than 20 km/hr. Furthermore, the Board of Commissioners passed an ordinance to allow driving ATV and UTV on Shiawassee County roads with some restrictions. In addition, in October 2020, the Wisconsin Dells Common Council passed an ordinance commencing all city streets to ATV and UTV access. Therefore, government support to allow ATV and UTV on roadways is anticipated to boost the growth of the ATV and UTV market.

The market also offers opportunistic factors to the key players operating in the market to enhance their services, which creates ample opportunities for the growth of the market across the globe. This includes production of safer ATVs and UTVs and development of electric vehicles. ATVs and UTVs are used for exploring nature camps and other purposes, but these vehicles are also extremely dangerous and risky. Accident rates associated with ATVs and UTVs are increasing due to the increasing number of such vehicles on the market. For instance, the U.S. registered one of the highest number of ATVs and UTVs accidents. According to the American Academy of Pediatrics (AAP), more than 3,000 children were killed owing to accidents between 1982 and 2015 in an ATV accident and every hour four kids go to the U.S. emergency rooms for injuries sustained in an ATV accident.

The ATV and UTV market is segmented into ehicle type, displacement, power output, fuel type, end use, and region. By vehicle type, the market is bifurcated into ATV and UTV. By displacement, it is categorized into less than 400 cc, 400-800 cc, and more than 800 cc. By power output, it is classified into less than 50KW, 50kW to 100 KW, and above 100 KW. By fuel type, it is divided into gasoline powered, diesel powered, electric powered, and solar powered. By end use, it is segregated into agriculture, military, mountaineering, and others. By region, the market is analyzed across North America (U.S., Canada and Mexico), Europe (UK, Germany, France, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in this report include BRP Inc., CFMOTO, Inc., Deere Company, Hisun Motors Corporation, Honda Motor Company Ltd., Kawasaki Heavy Industries Ltd., Kubota Corporation., Kwang Yang Motor Co., Ltd., Polaris Inc., Suzuki Motor Corporation, Textron Inc., and Yamaha Motor Co Ltd. Developments have been carried out by the key players which creates ample opportunities for the growth of the market across the globe. For instance, in August, 2022, Yamaha Motor Co. Ltd. through its subsidiary Yamaha Motor Corp., USA, unveiled the 2023 model year lineup of Proven Off-Road ATV and Side-by-Side (SxS) vehicles. The 2023 models include Wolverine RMAX2 1000, RMAX4 1000, X2, and X4, Grizzly, Kodiak 700, Kodiak 450, Raptor 700, Raptor 700R, and YFZ450R, and many more models. Similarly, in January, 2023, SUZUKI MOTOR CORPORATION through its subsidiary Suzuki Motorcycles launched two new ATVs (all-terrain vehicles) in India. Its feature includes automatic clutch, class leading performance, low maintenance design & modern stylish look that provides complete value in true Suzuki style.

Key Market Insights

  • By vehicle type, the UTV segment was the highest revenue contributor to the market, and is estimated to reach $8.95 billion by 2031, with a CAGR of 5.9%.
  • By displacement, the more than 800 CC segment was the highest revenue contributor to the market, with $7.31 billion in 2031, with a CAGR of 6.1%.
  • By power output, the 50kW To 100 kW segment was the highest revenue contributor to the market, with $7.78 billion in 2031, with a CAGR of 7.9%.
  • By fuel type, the gasoline powered segment was the highest revenue contributor to the market, with $14.89 billion in 2031, with a CAGR of 6.9%.
  • By end use, the mountaineering segment was the highest revenue contributor to the market, with $9.27 billion in 2031, with a CAGR of 5.9%.
  • By region, North America was the highest revenue contributor, accounting for $8.04 billion in 2031, with a CAGR of 6.4% during the forecast period.

Companies Mentioned

  • BRP
  • CFMOTO
  • Deere & Company
  • HISUN
  • Honda Motor Co., Ltd.
  • Kawasaki Heavy Industries
  • KUBOTA Corporation.
  • KWANG YANG MOTOR CO., LTD.
  • POLARIS INDUSTRIES, INC.
  • SUZUKI MOTOR CORPORATION
  • Textron Inc.
  • Yamaha Motor Co Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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