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Market Research Report
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1010090

North America Atv and Utv Market Forecast 2022-2030

Published: | Inkwood Research | 188 Pages | Delivery time: 2-3 business days

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North America Atv and Utv Market Forecast 2022-2030
Published: December 20, 2021
Inkwood Research
Content info: 188 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

KEY FINDINGS

The North America ATV and UTV market growth is set to progress at a CAGR of 4.44% during the forecast period, 2022-2030. The introduction of new models by key players and racing championships by leading ATV & UTV clubs, along with favorable government initiatives, propel market growth. In the US, the local and state governments implemented a law facilitating ATVs on roadways with some regulations.

MARKET INSIGHTS

The United States and Canada are assessed for the North America ATV and UTV market growth evaluation. Canada is a major contributor to US exports, given the healthy trade relations under NAFTA. Ontario is expected to dominate the volume and revenue in the coming years, attributed to the presence of many clubs in the province. This promotes the construction and maintenance of trails. Several recreational and sports activities organized by OFATV clubs surges the business share. Moreover, the country has the presence of four major manufacturers that build snowmobiles. In 2020, 43,535 snowmobiles were sold in Canada out of the total 123,862 snowmobiles sold worldwide.

Further, key multinational manufacturing corporations are launching new utility vehicles in the country. The American Council of Snowmobiles (ACSA) and the Oregon State Snowmobile Association are introducing snowmobile campaigns to increase the participation of snowmobile riders. Moreover, the rising membership with associations supplemented by new initiatives, is beneficial to market growth.

COMPETITIVE INSIGHTS

Some of the eminent market players include: Yamaha Motor Co Ltd, Textron Inc (Arctic Cat), Deere & Company, Polaris Industries Inc, Suzuki Motors Corporation, 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 cater 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: 24886

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. GAINING POPULARITY OF RECREATIONAL ACTIVITIES AND ADVENTURE SPORTS
    • 3.1.2. DEMAND FOR ATV AND UTV IN MILITARY ACTIVITIES
    • 3.1.3. GOVERNMENT RULES SUPPORTING ATVS AND UTVS
  • 3.2. KEY RESTRAINTS
    • 3.2.1. BAN ON ATV AND UTV DRIVING IN WILDLIFE AREA
    • 3.2.2. HIGH MAINTENANCE COSTS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON ATV AND UTV MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. KEY BUYING CRITERIA

5. MARKET BY DISPLACEMENT

  • 5.1. ≤ 400 (CC) DISPLACEMENT
  • 5.2. 400-800(CC) DISPLACEMENT
  • 5.3. ≥ 800 (CC) DISPLACEMENT

6. MARKET BY FUEL TYPE

  • 6.1. GASOLINE-POWERED
  • 6.2. DIESEL-POWERED
  • 6.3. ELECTRIC-POWERED
  • 6.4. SOLAR-POWERED

7. MARKET BY VEHICLE TYPE

  • 7.1. ATV
  • 7.2. UTV

8. MARKET BY END-USER

  • 8.1. RECREATIONAL
  • 8.2. SPORTS
  • 8.3. AGRICULTURE AND UTILITY
  • 8.4. MILITARY & DEFENCE
  • 8.5. OTHER END-USERS

9. GEOGRAPHICAL ANALYSIS

  • 9.1. NORTH AMERICA
    • 9.1.1. MARKET SIZE & ESTIMATES
    • 9.1.2. KEY GROWTH ENABLERS
    • 9.1.3. KEY CHALLENGES
    • 9.1.4. KEY PLAYERS
    • 9.1.5. COUNTRY ANALYSIS
      • 9.1.5.1. UNITED STATES
      • 9.1.5.2. CANADA

10. COMPETITIVE LANDSCAPE

  • 10.1. KEY STRATEGIC DEVELOPMENTS
    • 10.1.1. MERGERS & ACQUISITIONS
    • 10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 10.1.3. PARTNERSHIPS & AGREEMENTS
    • 10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
  • 10.2. COMPANY PROFILES
    • 10.2.1. BRP INC
    • 10.2.2. CFMOTO
    • 10.2.3. DEERE & COMPANY
    • 10.2.4. HISUN
    • 10.2.5. HONDA MOTOR COMPANY LTD
    • 10.2.6. KAWASAKI HEAVY INDUSTRIES LTD
    • 10.2.7. KUBOTA CORPORATION
    • 10.2.8. KWANG YANG MOTOR CO LTD
    • 10.2.9. POLARIS INDUSTRIES INC
    • 10.2.10. SUZUKI MOTORS CORPORATION
    • 10.2.11. TEXTRON INC (ARCTIC CAT)
    • 10.2.12. YAMAHA MOTOR CO LTD

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - ATV AND UTV
  • TABLE 2: NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 3: NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 4: NORTH AMERICA ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 6: NORTH AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 7: NORTH AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 8: NORTH AMERICA ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 9: NORTH AMERICA ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 10: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 11: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 12: LIST OF MERGERS & ACQUISITIONS
  • TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: KEY BUYING IMPACT ANALYSIS
  • FIGURE 10: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2021
  • FIGURE 11: NORTH AMERICA ATV AND UTV MARKET, BY ≤ 400 (CC) DISPLACEMENT, 2022-2030 (IN $ MILLION)
  • FIGURE 12: NORTH AMERICA ATV AND UTV MARKET, BY 400-800(CC), 2022-2030 (IN $ MILLION)
  • FIGURE 13: NORTH AMERICA ATV AND UTV MARKET, BY ≥ 800 (CC) DISPLACEMENT, 2022-2030 (IN $ MILLION)
  • FIGURE 14: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2021
  • FIGURE 15: NORTH AMERICA ATV AND UTV MARKET, BY GASOLINE-POWERED, 2022-2030 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA ATV AND UTV MARKET, BY DIESEL-POWERED, 2022-2030 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2022-2030 (IN $ MILLION)
  • FIGURE 18: NORTH AMERICA ATV AND UTV MARKET, BY SOLAR-POWERED, 2022-2030 (IN $ MILLION)
  • FIGURE 19: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021
  • FIGURE 20: NORTH AMERICA ATV AND UTV MARKET, BY ATV, 2022-2030 (IN $ MILLION)
  • FIGURE 21: NORTH AMERICA ATV AND UTV MARKET, BY UTV, 2022-2030 (IN $ MILLION)
  • FIGURE 22: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
  • FIGURE 23: NORTH AMERICA ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2030 (IN $ MILLION)
  • FIGURE 24: NORTH AMERICA ATV AND UTV MARKET, BY MILITARY & DEFENCE, 2022-2030 (IN $ MILLION)
  • FIGURE 25: NORTH AMERICA ATV AND UTV MARKET, BY RECREATIONAL, 2022-2030 (IN $ MILLION)
  • FIGURE 26: NORTH AMERICA ATV AND UTV MARKET, BY SPORTS, 2022-2030 (IN $ MILLION)
  • FIGURE 27: NORTH AMERICA ATV AND UTV MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)
  • FIGURE 28: NORTH AMERICA ATV AND UTV MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
  • FIGURE 29: UNITED STATES ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 30: CANADA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)