Canada ATV and UTV Market Forecast 2024-2032

The Canada ATV and UTV market is estimated to record a CAGR of 5.30% during the forecast period, 2024-2032. One of the significant factors propelling the market growth is the increasing demand for ATVs and UTVs in military applications, including troop transportation and off-road operations.

MARKET INSIGHTS

Projections suggest that the Ontario province is poised to lead the market in the foreseeable future. This dominance is attributed to the proactive efforts of numerous clubs that actively advocate for the development and upkeep of trails. Furthermore, the engagement in various sports and recreational activities facilitated by the OFATV clubs is expected to contribute significantly to market growth over the projected timeframe.

The growing trend of recreational activities & adventure sports, favorable government initiatives, and adoption of ATV & UTV in military activities, drive market growth. With regard to the military, there is rising demand for ATV & UTV for troop mobilization and driving on difficult terrain. These vehicles aid in activities like nature exploration, hiking, etc. At times, these are risky and dangerous. Moreover, with the increasing availability of such vehicles, related incidents are on the rise. As a result, the production of safer vehicles with safety measures offers ample market growth opportunities. Such factors are projected to influence market growth in Canada.

COMPETITIVE INSIGHTS

Some of the eminent companies in the market are: Kawasaki Heavy Industries Ltd, CFMoto, BRP Inc, Honda Motor Co Ltd, 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: 74371

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. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.6. MAJOR MARKET FINDINGS

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. GROWING 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. KEY MARKET TRENDS
- 4.1.1. GROWING USE OF ATVs ON UNEVEN ROADS
- 4.1.2. INCREASE IN ATV EXPERIENCE ZONES
4.2. PESTLE ANALYSIS
- 4.2.1. POLITICAL
- 4.2.2. ECONOMICAL
- 4.2.3. SOCIAL
- 4.2.4. TECHNOLOGICAL
- 4.2.5. LEGAL
- 4.2.6. ENVIRONMENT
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. MARKET CONCENTRATION ANALYSIS
4.5. KEY BUYING CRITERIA

5. MARKET BY VEHICLE TYPE

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

6. MARKET BY FUEL TYPE

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

7. MARKET BY DISPLACEMENT

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

8. MARKET BY END-USER

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

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.2. PARTNERSHIPS & AGREEMENTS
- 9.1.3. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. BRP INC
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCT LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. CFMOTO
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCT LIST
  - 9.2.2.3. STRENGTH & CHALLENGES
- 9.2.3. HONDA MOTOR COMPANY LTD
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCT LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. KAWASAKI HEAVY INDUSTRIES LTD
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCT LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. POLARIS INC
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCT LIST
  - 9.2.5.3. STRENGTH & CHALLENGES
- 9.2.6. YAMAHA MOTOR CO LTD
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCT LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. KUBOTA CORPORATION
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCT LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. SUZUKI MOTORS CORPORATION
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCT LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES

Product Code: 74371

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - ATV AND UTV
TABLE 2: CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: CANADA ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: CANADA ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: CANADA ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: CANADA ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: CANADA ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: CANADA ATV AND UTV MARKET, BY END-USER, FORECAST YEARS 2024-2032 (IN $ MILLION)
TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: MARKET CONCENTRATION ANALYSIS
FIGURE 4: KEY BUYING CRITERIA
FIGURE 5: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023
FIGURE 6: CANADA ATV AND UTV MARKET, BY ATV, 2024-2032 (IN $ MILLION)
FIGURE 7: CANADA ATV AND UTV MARKET, BY UTV, 2024-2032 (IN $ MILLION)
FIGURE 8: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2023
FIGURE 9: CANADA ATV AND UTV MARKET, BY GASOLINE POWERED, 2024-2032 (IN $ MILLION)
FIGURE 10: CANADA ATV AND UTV MARKET, BY DIESEL POWERED, 2024-2032 (IN $ MILLION)
FIGURE 11: CANADA ATV AND UTV MARKET, BY ELECTRIC POWERED, 2024-2032 (IN $ MILLION)
FIGURE 12: CANADA ATV AND UTV MARKET, BY SOLAR POWERED, 2024-2032 (IN $ MILLION)
FIGURE 13: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2023
FIGURE 14: CANADA ATV AND UTV MARKET, BY ≤400 (CC), 2024-2032 (IN $ MILLION)
FIGURE 15: CANADA ATV AND UTV MARKET, BY 400-800 (CC), 2024-2032 (IN $ MILLION)
FIGURE 16: CANADA ATV AND UTV MARKET, BY ≥800 (CC), 2024-2032 (IN $ MILLION)
FIGURE 17: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL BY END-USER, IN 2023
FIGURE 18: CANADA ATV AND UTV MARKET, BY RECREATIONAL, 2024-2032 (IN $ MILLION)
FIGURE 19: CANADA ATV AND UTV MARKET, BY SPORTS, 2024-2032 (IN $ MILLION)
FIGURE 20: CANADA ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2024-2032 (IN $ MILLION)
FIGURE 21: CANADA ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2024-2032 (IN $ MILLION)
FIGURE 22: CANADA ATV AND UTV MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)