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Market Research Report

Global Atv and Utv Market Forecast 2021-2028

Published by Inkwood Research Product code 1010092
Published Content info 190 Pages
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Global Atv and Utv Market Forecast 2021-2028
Published: June 14, 2021 Content info: 190 Pages
Description

KEY FINDINGS

The global ATV and UTV market is anticipated to register a CAGR of 6.15% during the forecast period, 2021-2028. 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
Table of Contents
Product Code: 24880

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. INCREASING 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 VEHICLE TYPE

  • 5.1. ATV
  • 5.2. UTV

6. MARKET BY DISPLACEMENT

  • 6.1. ≤ 400 (CC)
  • 6.2. 400-800(CC)
  • 6.3. ≥ 800 (CC)

7. MARKET BY FUEL TYPE

  • 7.1. GASOLINE-POWERED
  • 7.2. DIESEL-POWERED
  • 7.3. ELECTRIC-POWERED
  • 7.4. SOLAR-POWERED

8. MARKET BY APPLICATION

  • 8.1. UTILITY
  • 8.2. SPORTS
  • 8.3. OTHERS

9. MARKET BY END-USER

  • 9.1. AGRICULTURE
  • 9.2. MILITARY
  • 9.3. MOUNTAINEERING
  • 9.4. OTHERS

10. GEOGRAPHICAL ANALYSIS

  • 10.1. NORTH AMERICA
    • 10.1.1. KEY GROWTH ENABLERS
    • 10.1.2. KEY CHALLENGES
    • 10.1.3. KEY PLAYERS
    • 10.1.4. COUNTRY ANALYSIS
      • 10.1.4.1. UNITED STATES
      • 10.1.4.2. CANADA
  • 10.2. EUROPE
    • 10.2.1. KEY GROWTH ENABLERS
    • 10.2.2. KEY CHALLENGES
    • 10.2.3. KEY PLAYERS
    • 10.2.4. COUNTRY ANALYSIS
      • 10.2.4.1. UNITED KINGDOM
      • 10.2.4.2. GERMANY
      • 10.2.4.3. FRANCE
      • 10.2.4.4. ITALY
      • 10.2.4.5. RUSSIA
      • 10.2.4.6. BELGIUM
      • 10.2.4.7. POLAND
      • 10.2.4.8. REST OF EUROPE
  • 10.3. ASIA-PACIFIC
    • 10.3.1. KEY GROWTH ENABLERS
    • 10.3.2. KEY CHALLENGES
    • 10.3.3. KEY PLAYERS
    • 10.3.4. COUNTRY ANALYSIS
      • 10.3.4.1. CHINA
      • 10.3.4.2. JAPAN
      • 10.3.4.3. INDIA
      • 10.3.4.4. SOUTH KOREA
      • 10.3.4.5. INDONESIA
      • 10.3.4.6. THAILAND
      • 10.3.4.7. VIETNAM
      • 10.3.4.8. AUSTRALIA & NEW ZEALAND
      • 10.3.4.9. REST OF ASIA-PACIFIC
  • 10.4. REST OF WORLD
    • 10.4.1. KEY GROWTH ENABLERS
    • 10.4.2. KEY CHALLENGES
    • 10.4.3. KEY PLAYERS
    • 10.4.4. REGIONAL ANALYSIS
      • 10.4.4.1. LATIN AMERICA
      • 10.4.4.2. MIDDLE EAST & AFRICA

11. COMPETITIVE LANDSCAPE

  • 11.1. KEY STRATEGIC DEVELOPMENTS
    • 11.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
    • 11.1.2. PARTNERSHIPS & AGREEMENTS
    • 11.1.3. BUSINESS EXPANSIONS & DIVESTITURES
  • 11.2. COMPANY PROFILES
    • 11.2.1. BRP INC
    • 11.2.2. CFMOTO
    • 11.2.3. DEERE & COMPANY
    • 11.2.4. HISUN
    • 11.2.5. HONDA MOTOR COMPANY LTD
    • 11.2.6. KAWASAKI HEAVY INDUSTRIES LTD
    • 11.2.7. KUBOTA CORPORATION
    • 11.2.8. KWANG YANG MOTOR CO LTD
    • 11.2.9. POLARIS INDUSTRIES INC
    • 11.2.10. SUZUKI MOTORS CORPORATION
    • 11.2.11. TEXTRON INC(ARCTIC CAT)
    • 11.2.12. YAMAHA MOTOR CO LTD

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - ATV AND UTV
  • TABLE 2: GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: GLOBAL ATV MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: GLOBAL ATV MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: GLOBAL UTV MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: GLOBAL UTV MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: GLOBAL ≤ 400 (CC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 11: GLOBAL ≤ 400 (CC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 12: GLOBAL 400-800(CC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 13: GLOBAL 400-800(CC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 14: GLOBAL ≥ 800 (CC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 15: GLOBAL ≥ 800 (CC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 16: GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 17: GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 18: GLOBAL GASOLINE-POWERED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 19: GLOBAL GASOLINE-POWERED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 20: GLOBAL DIESEL-POWERED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 21: GLOBAL DIESEL-POWERED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 22: GLOBAL ELECTRIC-POWERED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 23: GLOBAL ELECTRIC-POWERED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 24: GLOBAL SOLAR POWERED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 25: GLOBAL SOLAR POWERED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 26: GLOBAL ATV AND UTV MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 27: GLOBAL ATV AND UTV MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 28: GLOBAL UTILITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 29: GLOBAL UTILITY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 30: GLOBAL SPORTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 31: GLOBAL SPORTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 32: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 33: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 34: GLOBAL ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 35: GLOBAL ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 36: GLOBAL AGRICULTURE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 37: GLOBAL AGRICULTURE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 38: GLOBAL MILITARY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 39: GLOBAL MILITARY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 40: GLOBAL MOUNTAINEERING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 41: GLOBAL MOUNTAINEERING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 42: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 43: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 44: GLOBAL ATV AND UTV MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 45: GLOBAL ATV AND UTV MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 46: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 47: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 48: EUROPE ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 49: EUROPE ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 50: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 51: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 52: REST OF WORLD ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 53: REST OF WORLD ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 54: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 55: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 56: 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 6: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2020
  • FIGURE 7: GLOBAL ATV AND UTV MARKET, BY ATV, 2021-2028 (IN $ MILLION)
  • FIGURE 8: GLOBAL ATV AND UTV MARKET, BY UTV, 2021-2028 (IN $ MILLION)
  • FIGURE 9: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2020
  • FIGURE 10: GLOBAL ATV AND UTV MARKET, BY ≤ 400 (CC), 2021-2028 (IN $ MILLION)
  • FIGURE 11: GLOBAL ATV AND UTV MARKET, BY 400-800(CC), 2021-2028 (IN $ MILLION)
  • FIGURE 12: GLOBAL ATV AND UTV MARKET, BY ≥ 800 (CC), 2021-2028 (IN $ MILLION)
  • FIGURE 13: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2020
  • FIGURE 14: GLOBAL ATV AND UTV MARKET, BY GASOLINE-POWERED, 2021-2028 (IN $ MILLION)
  • FIGURE 15: GLOBAL ATV AND UTV MARKET, BY DIESEL-POWERED, 2021-2028 (IN $ MILLION)
  • FIGURE 16: GLOBAL ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2021-2028 (IN $ MILLION)
  • FIGURE 17: GLOBAL ATV AND UTV MARKET, BY SOLAR POWERED, 2021-2028 (IN $ MILLION)
  • FIGURE 18: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
  • FIGURE 19: GLOBAL ATV AND UTV MARKET, BY UTILITY, 2021-2028 (IN $ MILLION)
  • FIGURE 20: GLOBAL ATV AND UTV MARKET, BY SPORTS, 2021-2028 (IN $ MILLION)
  • FIGURE 21: GLOBAL ATV AND UTV MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
  • FIGURE 22: GLOBAL ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
  • FIGURE 23: GLOBAL ATV AND UTV MARKET, BY AGRICULTURE, 2021-2028 (IN $ MILLION)
  • FIGURE 24: GLOBAL ATV AND UTV MARKET, BY MILITARY, 2021-2028 (IN $ MILLION)
  • FIGURE 25: GLOBAL ATV AND UTV MARKET, BY MOUNTAINEERING, 2021-2028 (IN $ MILLION)
  • FIGURE 26: GLOBAL ATV AND UTV MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
  • FIGURE 27: NORTH AMERICA ATV AND UTV MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 28: UNITED STATES ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 29: CANADA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 30: EUROPE ATV AND UTV MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 31: UNITED KINGDOM ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 32: GERMANY ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 33: FRANCE ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 34: ITALY ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 35: RUSSIA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 36: BELGIUM ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 37: POLAND ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 38: REST OF EUROPE ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 39: ASIA-PACIFIC ATV AND UTV MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 40: CHINA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 41: JAPAN ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 42: INDIA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 43: SOUTH KOREA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 44: INDONESIA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 45: THAILAND ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 46: VIETNAM ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 47: AUSTRALIA & NEW ZEALAND ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 48: REST OF ASIA-PACIFIC ATV AND UTV MARKET, 2021-2028 (IN $ MILLION
  • FIGURE 49: REST OF WORLD ATV AND UTV MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 50: LATIN AMERICA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 51: MIDDLE EAST & AFRICA ATV AND UTV MARKET, 2021-2028 (IN $ MILLION)
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