Asia-pacific ATV and UTV Market Forecast 2023-2032

The Asia-Pacific ATV and UTV market is anticipated to grow with a 5.47% CAGR by 2032. The presence of numerous market players in the region is expected to propel the market growth during the forecast period.

MARKET INSIGHTS

The Asia-Pacific ATV and UTV market growth evaluation includes the assessment of China, Thailand, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific. India has witnessed growth in new and varied specialist off-road events over the last few years. Additionally, rule establishments requiring UTV operators to observe safety precautions, exercise caution on rough ground and reduce hazardous emissions from conventional vehicles increases the share of UTVs.

Several dedicated ATV and UTV circuits have been constructed in and around Noida, with the first officially launched in 2018. Further courses are being planned elsewhere in India since off-roading activities are gaining popularity. Additionally, as technology improves, all-terrain vehicles are being improved for more efficient driving, which is estimated to help the India ATV and UTV market growth over the coming years.

In contrast, South Korea is witnessing a significant rise in the power sports segment, owing to the changing customer culture, which is expected to drive the ATV and UTV market in the country. The utility terrain vehicles segment is also expected to grow due to the rising safety standards, the need for improved driving experiences, and the cheap maintenance costs of UTVs. Governments and federal agencies are also making large expenditures and developing new infrastructure, accelerating the segment's growth.

COMPETITIVE INSIGHTS

Some of the main market players include: Honda Motor Co Ltd, Kawasaki Heavy Industries Ltd, Deere & Company, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 24882

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
- 2.5.1. GROWING DEFENSE ACTIVITIES AND EXPENSES TO AID IN MARKET GROWTH
- 2.5.2. GREAT VARIETY OF VEHICLES

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. GROWING POPULARITY OF ADVENTURE SPORTS
- 3.1.2. INCREASING USAGE OF ATVS AND UTVS IN MILITARY
3.2. KEY RESTRAINTS
- 3.2.1. BAN ON DRIVING IN WILDLIFE AREAS
- 3.2.2. HIGH MAINTENANCE COSTS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. KEY BUYING CRITERIA

5. MARKET BY VEHICLE TYPE

5.1. ATV
- 5.1.1. MARKET FORECAST REVENUE & FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. UTV
- 5.2.1. MARKET FORECAST REVENUE & FIGURE
- 5.2.2. SEGMENT ANALYSIS

6. MARKET BY FUEL TYPE

6.1. GASOLINE-POWERED
- 6.1.1. MARKET FORECAST REVENUE & FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. DIESEL-POWERED
- 6.2.1. MARKET FORECAST REVENUE & FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. ELECTRIC-POWERED
- 6.3.1. MARKET FORECAST REVENUE & FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. SOLAR-POWERED
- 6.4.1. MARKET FORECAST REVENUE & FIGURE
- 6.4.2. SEGMENT ANALYSIS

7. MARKET BY DISPLACEMENT

7.1. ≤400 (CC)
- 7.1.1. MARKET FORECAST REVENUE & FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. 400-800 (CC)
- 7.2.1. MARKET FORECAST REVENUE & FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. ≥800 (CC)
- 7.3.1. MARKET FORECAST REVENUE & FIGURE
- 7.3.2. SEGMENT ANALYSIS

8. MARKET BY END-USER

8.1. RECREATIONAL
- 8.1.1. MARKET FORECAST REVENUE & FIGURE
- 8.1.2. SEGMENT ANALYSIS
8.2. SPORTS
- 8.2.1. MARKET FORECAST REVENUE & FIGURE
- 8.2.2. SEGMENT ANALYSIS
8.3. AGRICULTURE & UTILITY
- 8.3.1. MARKET FORECAST REVENUE & FIGURE
- 8.3.2. SEGMENT ANALYSIS
8.4. MILITARY & DEFENSE
- 8.4.1. MARKET FORECAST REVENUE & FIGURE
- 8.4.2. SEGMENT ANALYSIS
8.5. OTHER END-USERS
- 8.5.1. MARKET FORECAST REVENUE & FIGURE
- 8.5.2. SEGMENT ANALYSIS

9. GEOGRAPHICAL ANALYSIS

9.1. ASIA-PACIFIC
- 9.1.1. MARKET SIZE & ESTIMATES
- 9.1.2. ASIA-PACIFIC ATV AND UTV MARKET DRIVERS
- 9.1.3. ASIA-PACIFIC ATV AND UTV MARKET CHALLENGE
- 9.1.4. KEY PLAYERS
- 9.1.5. COUNTRY ANALYSIS
  - 9.1.5.1. CHINA
  - 9.1.5.1.1. CHINA ATV AND UTV MARKET SIZE & OPPORTUNITIES
  - 9.1.5.2. JAPAN
  - 9.1.5.2.1. JAPAN ATV AND UTV MARKET SIZE & OPPORTUNITIES
  - 9.1.5.3. INDIA
  - 9.1.5.3.1. INDIA ATV AND UTV MARKET SIZE & OPPORTUNITIES
  - 9.1.5.4. SOUTH KOREA
  - 9.1.5.4.1. SOUTH KOREA ATV AND UTV MARKET SIZE & OPPORTUNITIES
  - 9.1.5.5. THAILAND
  - 9.1.5.5.1. THAILAND ATV AND UTV MARKET SIZE & OPPORTUNITIES
  - 9.1.5.6. AUSTRALIA & NEW ZEALAND
  - 9.1.5.6.1. AUSTRALIA & NEW ZEALAND ATV AND UTV MARKET SIZE & OPPORTUNITIES
  - 9.1.5.7. REST OF ASIA-PACIFIC
  - 9.1.5.7.1. REST OF ASIA-PACIFIC ATV AND UTV MARKET SIZE & OPPORTUNITIES

10. COMPETITIVE LANDSCAPE

10.1. KEY STRATEGIC DEVELOPMENTS
- 10.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
- 10.1.2. PARTNERSHIPS & AGREEMENTS
- 10.1.3. BUSINESS EXPANSIONS & DIVESTITURES
10.2. COMPANY PROFILES
- 10.2.1. BRP INC
  - 10.2.1.1. COMPANY OVERVIEW
  - 10.2.1.2. PRODUCT LIST
  - 10.2.1.3. FINANCIAL ANALYSIS
  - 10.2.1.4. STRENGTHS & CHALLENGES
- 10.2.2. CFMOTO
  - 10.2.2.1. COMPANY OVERVIEW
  - 10.2.2.2. PRODUCT LIST
  - 10.2.2.3. FINANCIAL ANALYSIS
  - 10.2.2.4. STRENGTH & CHALLENGES
- 10.2.3. DEERE & COMPANY
  - 10.2.3.1. COMPANY OVERVIEW
  - 10.2.3.2. PRODUCT LIST
  - 10.2.3.3. FINANCIAL ANALYSIS
  - 10.2.3.4. STRENGTHS & CHALLENGES
- 10.2.4. HISUN MOTORS CORPORATION
  - 10.2.4.1. COMPANY OVERVIEW
  - 10.2.4.2. PRODUCT LIST
  - 10.2.4.3. STRENGTHS & CHALLENGES
- 10.2.5. HONDA MOTOR COMPANY LTD
  - 10.2.5.1. COMPANY OVERVIEW
  - 10.2.5.2. PRODUCT LIST
  - 10.2.5.3. FINANCIAL ANALYSIS
  - 10.2.5.4. STRENGTHS & CHALLENGES
- 10.2.6. KAWASAKI HEAVY INDUSTRIES LTD
  - 10.2.6.1. COMPANY OVERVIEW
  - 10.2.6.2. PRODUCT LIST
  - 10.2.6.3. FINANCIAL ANALYSIS
  - 10.2.6.4. STRENGTHS & CHALLENGES
- 10.2.7. KUBOTA CORPORATION
  - 10.2.7.1. COMPANY OVERVIEW
  - 10.2.7.2. PRODUCT LIST
  - 10.2.7.3. FINANCIAL ANALYSIS
  - 10.2.7.4. STRENGTHS & CHALLENGES
- 10.2.8. KWANG YANG MOTOR CO LTD
  - 10.2.8.1. COMPANY OVERVIEW
  - 10.2.8.2. PRODUCT LIST
  - 10.2.8.3. STRENGTHS & CHALLENGES
- 10.2.9. POLARIS INC
  - 10.2.9.1. COMPANY OVERVIEW
  - 10.2.9.2. PRODUCT LIST
  - 10.2.9.3. FINANCIAL ANALYSIS
  - 10.2.9.4. STRENGTH & CHALLENGES
- 10.2.10. SUZUKI MOTORS CORPORATION
  - 10.2.10.1. COMPANY OVERVIEW
  - 10.2.10.2. PRODUCT LIST
  - 10.2.10.3. FINANCIAL ANALYSIS
  - 10.2.10.4. STRENGTH & CHALLENGES
- 10.2.11. TEXTRON INC (ARTIC CAT)
  - 10.2.11.1. COMPANY OVERVIEW
  - 10.2.11.2. PRODUCT LIST
  - 10.2.11.3. FINANCIAL ANALYSIS
  - 10.2.11.4. STRENGTHS & CHALLENGES
- 10.2.12. YAMAHA MOTOR CO LTD
  - 10.2.12.1. COMPANY OVERVIEW
  - 10.2.12.2. PRODUCT LIST
  - 10.2.12.3. FINANCIAL ANALYSIS
  - 10.2.12.4. STRENGTHS & CHALLENGES