Global Atv and Utv Market Forecast 2022-2030

Published: December 20, 2021 |

Inkwood Research | 233 Pages | Delivery time: 2-3 business days

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KEY FINDINGS

The global ATV and UTV market is anticipated to register a CAGR of 5.54% during the forecast period, 2022-2030. The rising popularity of adventure sports and recreational activities, government rules supporting UTVs and ATVs, and growing demand for UTV and ATV in military vehicles propel market growth.

MARKET INSIGHTS

ATVs (all-terrain vehicles) are suitable for off-road capabilities, and find application in agriculture, forestry, military, and survey. UTVs (utility terrain vehicles) are designed with four or more wheels, and by definition, are used for transporting cargo and persons. There is a growing demand for UTVs and ATVs for military activities like driving on difficult terrain and troop transportation. These vehicles are estimated to be in huge demand in the military segment, given their superior mobility in tactical missions. Also, other factors like superior navigational aids, flexibility, and maneuverability, help with instant directions. Such factors drive market growth. Thus, the increasing demand for these vehicles in the defense sector is a significant growth driver. The market growth restraining factors include high maintenance costs and a ban on ATV and UTV in wildlife areas.

REGIONAL INSIGHTS

The global ATV and UTV market growth assessment includes the evaluation of North America, Europe, Asia-Pacific, and Rest of World. North America dominated the global market in 2020, and is expected to be the major region by 2028. The government regulations, high disposable income, and increasing demand for ATV, add to the region's market prospects.

COMPETITIVE INSIGHTS

With many companies going for global expansion to extend their distribution network for delivering cost-effective and quality standard vehicles, the competitive rivalry is set to be intense. Kubota Corporation, Hisun, Kawasaki Heavy Industries Ltd, Honda Motor Company Ltd, Kwang Yang Motor Co. Ltd, Deere & Company, etc., are among the market's leading players.

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: 24880

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
9.2. EUROPE
- 9.2.1. MARKET SIZE & ESTIMATES
- 9.2.2. KEY GROWTH ENABLERS
- 9.2.3. KEY CHALLENGES
- 9.2.4. KEY PLAYERS
- 9.2.5. COUNTRY ANALYSIS
  - 9.2.5.1. UNITED KINGDOM
  - 9.2.5.2. GERMANY
  - 9.2.5.3. FRANCE
  - 9.2.5.4. ITALY
  - 9.2.5.5. RUSSIA
  - 9.2.5.6. BELGIUM
  - 9.2.5.7. POLAND
  - 9.2.5.8. REST OF EUROPE
9.3. ASIA-PACIFIC
- 9.3.1. MARKET SIZE & ESTIMATES
- 9.3.2. KEY GROWTH ENABLERS
- 9.3.3. KEY CHALLENGES
- 9.3.4. KEY PLAYERS
- 9.3.5. COUNTRY ANALYSIS
  - 9.3.5.1. CHINA
  - 9.3.5.2. JAPAN
  - 9.3.5.3. INDIA
  - 9.3.5.4. SOUTH KOREA
  - 9.3.5.5. INDONESIA
  - 9.3.5.6. THAILAND
  - 9.3.5.7. VIETNAM
  - 9.3.5.8. AUSTRALIA & NEW ZEALAND
  - 9.3.5.9. REST OF ASIA-PACIFIC
9.4. REST OF WORLD
- 9.4.1. MARKET SIZE & ESTIMATES
- 9.4.2. KEY GROWTH ENABLERS
- 9.4.3. KEY CHALLENGES
- 9.4.4. KEY PLAYERS
- 9.4.5. COUNTRY ANALYSIS
  - 9.4.5.1. LATIN AMERICA
  - 9.4.5.2. MIDDLE EAST AND AFRICA

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: GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: GLOBAL ≤ 400 (CC) DISPLACEMENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: GLOBAL ≤ 400 (CC) DISPLACEMENT MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: GLOBAL 400-800 (CC) DISPLACEMENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: GLOBAL 400-800 (CC) DISPLACEMENT MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: GLOBAL ≥ 800 (CC) DISPLACEMENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: GLOBAL ≥ 800 (CC) DISPLACEMENT MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: GLOBAL GASOLINE-POWERED ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: GLOBAL GASOLINE-POWERED ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: GLOBAL DIESEL-POWERED ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 15: GLOBAL DIESEL-POWERED ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 16: GLOBAL ELECTRIC-POWERED ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 17: GLOBAL ELECTRIC-POWERED ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 18: GLOBAL SOLAR-POWERED ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 19: GLOBAL SOLAR-POWERED ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 20: GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 21: GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 22: GLOBAL ATV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 23: GLOBAL ATV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 24: GLOBAL UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 25: GLOBAL UTV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 26: GLOBAL ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 27: GLOBAL ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 28: GLOBAL AGRICULTURE & UTILITY MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 29: GLOBAL AGRICULTURE & UTILITY MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 30: GLOBAL MILITARY & DEFENCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 31: GLOBAL MILITARY & DEFENCE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 32: GLOBAL RECREATIONAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 33: GLOBAL RECREATIONAL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 34: GLOBAL SPORTS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 35: GLOBAL SPORTS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 36: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 37: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 38: GLOBAL ATV AND UTV MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 39: GLOBAL ATV AND UTV MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 40: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 41: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 42: EUROPE ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 43: EUROPE ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 44: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 45: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 46: REST OF WORLD ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 47: REST OF WORLD ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 48: LIST OF MERGERS & ACQUISITIONS
TABLE 49: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 50: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 51: 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: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2021
FIGURE 11: GLOBAL ATV AND UTV MARKET, BY ≤ 400 (CC) DISPLACEMENT, 2022-2030 (IN $ MILLION)
FIGURE 12: GLOBAL ATV AND UTV MARKET, BY 400-800(CC), 2022-2030 (IN $ MILLION)
FIGURE 13: GLOBAL ATV AND UTV MARKET, BY ≥ 800 (CC) DISPLACEMENT, 2022-2030 (IN $ MILLION)
FIGURE 14: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2021
FIGURE 15: GLOBAL ATV AND UTV MARKET, BY GASOLINE-POWERED, 2022-2030 (IN $ MILLION)
FIGURE 16: GLOBAL ATV AND UTV MARKET, BY DIESEL-POWERED, 2022-2030 (IN $ MILLION)
FIGURE 17: GLOBAL ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2022-2030 (IN $ MILLION)
FIGURE 18: GLOBAL ATV AND UTV MARKET, BY SOLAR-POWERED, 2022-2030 (IN $ MILLION)
FIGURE 19: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021
FIGURE 20: GLOBAL ATV AND UTV MARKET, BY ATV, 2022-2030 (IN $ MILLION)
FIGURE 21: GLOBAL ATV AND UTV MARKET, BY UTV, 2022-2030 (IN $ MILLION)
FIGURE 22: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 23: GLOBAL ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2030 (IN $ MILLION)
FIGURE 24: GLOBAL ATV AND UTV MARKET, BY MILITARY & DEFENCE, 2022-2030 (IN $ MILLION)
FIGURE 25: GLOBAL ATV AND UTV MARKET, BY RECREATIONAL, 2022-2030 (IN $ MILLION)
FIGURE 26: GLOBAL ATV AND UTV MARKET, BY SPORTS, 2022-2030 (IN $ MILLION)
FIGURE 27: GLOBAL 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)
FIGURE 31: EUROPE ATV AND UTV MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 32: UNITED KINGDOM ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: GERMANY ATV AND UTV MARKET, 2022-2030 (IN $ MILLION
FIGURE 34: FRANCE ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: ITALY ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 36: RUSSIA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: BELGIUM ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: POLAND ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: REST OF EUROPE ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 40: ASIA-PACIFIC ATV AND UTV MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 41: CHINA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 42: JAPAN ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 43: INDIA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 44: SOUTH KOREA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 45: INDONESIA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 46: THAILAND ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 47: VIETNAM ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 48: AUSTRALIA & NEW ZEALAND ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 49: REST OF ASIA-PACIFIC ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 50: REST OF WORLD ATV AND UTV MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)
FIGURE 51: LATIN AMERICA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 52: MIDDLE EAST & AFRICA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)