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All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939168
The all-terrain vehicle (atv) and utility task vehicle (utv) market size has grown strongly in recent years. It will grow from $9.53 billion in 2023 to $10.4 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The expansion observed in the historical period can be attributed to the growth of emerging markets, the escalating utilization of ATV and UTV in military operations, and the overall increase in the global population.

The all-terrain vehicle (atv) and utility task vehicle (utv) market size is expected to see strong growth in the next few years. It will grow to $14.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The forecasted growth is driven by urbanization, increased high-net-worth individuals, and global efforts to reduce greenhouse gas emissions. Trends include the shift to electric ATVs and UTVs, manufacturing amphibious vehicles for versatile terrains, strategic collaborations, acquisitions, and a focus on product innovation to enhance market position.

The growing global awareness of the imperative to reduce greenhouse gas emissions is poised to drive the expansion of the ATV and UTV market. Increased awareness and understanding of the health implications of climate change are anticipated to foster both behavioral changes and societal support for initiatives aimed at curbing greenhouse gas emissions. Notably, the transportation sector, as highlighted by the US Environmental Protection Agency (EPA), is a significant contributor to greenhouse gas emissions, with over 94% of transportation fuel being petroleum-based, including gasoline and diesel. By recognizing the need to address this environmental challenge, there is an expected positive impact on the all-terrain vehicle (ATV) and utility task vehicle (UTV) market.

Stringent laws and regulations pose a persistent challenge for the ATV and UTV market. Stringent regulatory frameworks can influence manufacturing processes, approvals for new technologies, and other activities on a global scale. As an example, various organizations, including the Consumer Federation of America, Natural Trails and Waters Coalition, Bluewater Network, and medical professionals, have advocated for new national and state regulations to curb the rising number of ATV-related injuries and fatalities. Concerns have been raised about the efficacy of the ATV industry's self-regulatory approach, emphasizing minimal government oversight, particularly in protecting consumers, especially children. Recommendations from reports, such as the one titled 'All-Terrain Vehicle (ATV) Safety Crisis, America’s Children at Risk,' propose measures such as banning the use of adult-size ATVs by children under 16 and requiring manufacturers to offer refunds for certain ATV types purchased for use by children under 16, highlighting the challenges posed by regulatory scrutiny in the industry.

The emergence of technologically advanced vehicles stands out as a significant trend gaining momentum in the all-terrain vehicle (ATV) and utility task vehicle (UTV) markets. Leading players in these markets are actively involved in the development of sophisticated vehicles as part of their strategy to maintain a competitive edge. A case in point is Yamaha Motor Corp, a Japan-based manufacturer of motorcycles and motorized products, which, in August 2022, unveiled its 2023 Proven Off-Road ATV/UTV and Side-by-Side Lineup. This includes the 2023 Pure-Sport SxS Lineup, featuring the YXZ1000R SS and YXZ1000R with Yamaha’s Sport Shift (SS) technology equipped with steering column-mounted aluminum paddles for quick changes. The unique features of the 2023 YXZ1000R versions are engineered to handle diverse terrains, from expansive deserts and dunes to muddy trails and challenging rocky landscapes. The YXZ models incorporate an industry-first 998-cc triple-cylinder engine from Yamaha and a sequential five-speed manual transmission with options for an auto-clutch or a clutch pedal, providing a direct-connection experience in a Side-by-Side (SxS).

Companies in the ATV and UTV market are actively focusing on the production of electric ATVs and UTVs to address concerns related to fossil fuel consumption, noise, and emissions. An example is Barrus, a UK-based custom-engine builder, which introduced the all-new HiSun lithium-ion powered electric UTV range in the UK in February 2022. This innovative range comprises four models with power options ranging from 5 kW to 15 kW, including a 4-seater version of the 15 kW UTV. These electric vehicles are designed to match or exceed the performance of traditional fuel-powered machines, with the ability to transport passengers, carry equipment, and tow heavy loads efficiently. The lithium-ion technology batteries incorporated in these electric UTVs are geared towards longer run times, ensuring that a single charge can keep the vehicle operational throughout a full day of work. This trend highlights the industry's commitment to advancing technology and embracing environmentally conscious solutions in the ATV and UTV markets.

In January 2022, The Toro Company, a prominent US-based provider of innovative outdoor solutions, successfully acquired Intimidator Group for an undisclosed sum. This strategic acquisition encompasses the integration of Spartan Mowers into The Toro Company's portfolio, positioning the company as a more formidable player in the rapidly expanding zero-turn mower sector. The Intimidator Group, based in the United States, is a manufacturer specializing in UTVs (Utility Task Vehicles), ATVs (All-Terrain Vehicles), and side-by-side 4x4 utility vehicles.

Major companies operating in the all-terrain vehicle (atv) and utility task vehicle (utv) market report are Gasum Ltd., Korea Gas Corporation, Shell PLC, TotalEnergies, Harvey Gulf International Marine LLC,Suzuki Motor Corporation, Hisun Motors Corporation, Kubota Corporation, Honda Motors Co Ltd., Textron Inc., TGB, Daeshin Metal Mfg Co. Ltd., LINHAI, Tao Motor, Jiangsu Jinjie Motorcycle Manufacture Co. Ltd., Zhejiang FeiDu Vehicle Co. Ltd., Minghui Brother International Co Ltd., BAE Systems, Kässbohrer All Terrain Vehicles Inc., Mandrill Automotive GmbH, Beckside Machinery Ltd., SHERP, John Deere, Nikola Motor Company, Bobcat Company, American Honda Motor Co. Inc., Potential Motors, SellyourATV.ae, Taiwan Golden Bee, Petrobras, Golar Power, YPF, Qatar Petroleum, ADNOC LNG, RasGas Company Limited, The Spanish Egyptian Gas Company, Damietta LNG Co, Petroliam Nasional Berhad, Sonatrach.

Asia-Pacific was the largest region in the all-terrain vehicle (ATV) and utility task vehicle (UTV) market in 2023. The regions covered in the all-terrain vehicle (atv) and utility task vehicle (utv) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the all-terrain vehicle (atv) and utility task vehicle (utv) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary categories of these vehicles include ATVs and UTVs. ATVs are utilized for various tasks such as soil movement, object transfer, livestock and crop monitoring, fertilizer and pesticide application, and general transportation. They feature handlebars for steering and operate on four low-pressure or non-pneumatic tires. ATVs come in different displacements, categorized as less than 400cc, 400cc-800cc, and more than 800cc, with fuel types including fossil fuels, electric, and solar. These vehicles find applications in recreational, sports, agriculture and utility, military and defense, among other sectors.

The all-terrain vehicle (ATV) and utility task vehicle (UTV) market research report is one of a series of new reports that provides all-terrain vehicle (ATV) and utility task vehicle (UTV) market statistics, including all-terrain vehicle (ATV) and utility task vehicle (UTV) industry global market size, regional shares, competitors with an all-terrain vehicle (ATV) and utility task vehicle (UTV) market share, detailed all-terrain vehicle (ATV) and utility task vehicle (UTV) market segments, market trends and opportunities, and any further data you may need to thrive in the all-terrain vehicle (ATV) and utility task vehicle (UTV) industry. This all-terrain vehicle (ATV) and utility task vehicle (UTV) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The all-terrain vehicle (ATV) and utility task vehicle (UTV) market consists of sales of handlebar, saddle-seats, tires and wheels, controls and cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Characteristics3. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Trends and Strategies
4. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Size and Growth
5.1. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Segmentation
6.1. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • All-Terrain Vehicle (ATV)
  • Utility Task Vehicle (UTV)
6.2. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Less Than 400cc
  • 400cc-800cc
  • More Than 800cc
6.3. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Fossil Fuels
  • Electric
  • Solar
6.4. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Recreational
  • Sports
  • Agriculture and Utility
  • Military and Defense
  • Other End-Users
7. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Regional and Country Analysis
7.1. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
8.1. Asia-Pacific All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
9.1. China All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
9.2. China All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
10.1. India All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
11.1. Japan All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
11.2. Japan All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
12.1. Australia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
13.1. Indonesia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
14.1. South Korea All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
14.2. South Korea All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
15.1. Western Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
15.2. Western Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
16.1. UK All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
17.1. Germany All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
18.1. France All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
19.1. Italy All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
20.1. Spain All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
21.1. Eastern Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
21.2. Eastern Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
22.1. Russia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
23.1. North America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
23.2. North America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
24.1. USA All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
24.2. USA All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
25.1. Canada All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
25.2. Canada All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
26.1. South America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
26.2. South America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
27.1. Brazil All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
28.1. Middle East All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
28.2. Middle East All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
29.1. Africa All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Overview
29.2. Africa All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by Displacement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Competitive Landscape and Company Profiles
30.1. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Competitive Landscape
30.2. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Company Profiles
30.2.1. Gasum Ltd
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Korea Gas Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Shell plc
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. TotalEnergies
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Harvey Gulf International Marine LLC
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Other Major and Innovative Companies
31.1. Suzuki Motor Corporation
31.2. Hisun Motors Corporation
31.3. Kubota Corporation
31.4. Honda Motors Co Ltd
31.5. Textron Inc.
31.6. TGB
31.7. Daeshin Metal Mfg Co. Ltd
31.8. LINHAI
31.9. Tao Motor
31.10. Jiangsu Jinjie Motorcycle Manufacture Co. Ltd
31.11. Zhejiang FeiDu Vehicle Co. Ltd
31.12. Minghui Brother International Co Ltd
31.13. BAE Systems
31.14. Kässbohrer All Terrain Vehicles Inc
31.15. Mandrill Automotive GmbH
32. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Competitive Benchmarking33. Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Competitive Dashboard34. Key Mergers and Acquisitions in the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
35. All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Future Outlook and Potential Analysis
35.1 All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market in 2028 - Countries Offering Most New Opportunities
35.2 All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market in 2028 - Segments Offering Most New Opportunities
35.3 All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on all-terrain vehicle (atv) and utility task vehicle (utv) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for all-terrain vehicle (atv) and utility task vehicle (utv)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: All-Terrain Vehicle (ATV); Utility Task Vehicle (UTV)
2) By Displacement: Less Than 400cc; 400cc-800cc; More Than 800cc; Others
3) By Fuel Types: Fossil Fuels; Electric; Solar
4) By End-user: Recreational; Sports; Agriculture and Utility; Military and Defense; Other End-Users

Key Companies Mentioned: Gasum Ltd; Korea Gas Corporation; Shell plc; TotalEnergies; Harvey Gulf International Marine LLC

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Gasum Ltd
  • Korea Gas Corporation
  • Shell plc
  • TotalEnergies
  • Harvey Gulf International Marine LLC
  • Suzuki Motor Corporation
  • Hisun Motors Corporation
  • Kubota Corporation
  • Honda Motors Co Ltd
  • Textron Inc.
  • TGB
  • Daeshin Metal Mfg Co. Ltd
  • LINHAI
  • Tao Motor
  • Jiangsu Jinjie Motorcycle Manufacture Co. Ltd
  • Zhejiang FeiDu Vehicle Co. Ltd
  • Minghui Brother International Co Ltd
  • BAE Systems
  • Kässbohrer All Terrain Vehicles Inc
  • Mandrill Automotive GmbH
  • Beckside Machinery Ltd
  • SHERP
  • John Deere
  • Nikola Motor Company
  • Bobcat Company
  • American Honda Motor Co. Inc
  • Potential Motors
  • SellyourATV.ae
  • Taiwan Golden Bee
  • Petrobras
  • Golar Power
  • YPF
  • Qatar Petroleum
  • ADNOC LNG
  • RasGas Company Limited
  • The Spanish Egyptian Gas Company
  • Damietta LNG Co
  • Petroliam Nasional Berhad
  • Sonatrach

Methodology

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Table Information