Asia Pacific Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Propulsion (IC Engine Powered, Electric Powered), By Vehicle Type, By Application, By Country and Growth Forecast, 2022

List of Tables

The Asia Pacific Utility Vehicle Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).

The introduction of electric compact utility vehicles is expected to benefit the market greatly. This will not only assist automakers in addressing rising environmental issues but will also provide consumers with additional benefits. Some of the most well-known compact utility vehicle manufacturers have already introduced electric compact utility vehicles to the market, & many more are expected to follow this range to stay up with the changing climate.

Compact utility vehicles are commonly employed in the construction industry for a variety of tasks such as drilling, digging, breaking, demolition, and grapping. Because of their small size, they can be used when a larger number of barriers are there on a project. In addition, compact utility vehicles use less gasoline than larger off-road vehicles, which is one of the most advanced features of compact utility vehicles.

Because UTVs are widely used for agricultural purposes in nations like New Zealand, Australia & China, the Asia Pacific region has significant growth prospects for the UTV market players. With the rising disposable income and increasing popularity of UTVs in India & China, the regional UTV market is anticipated to reach new heights in the coming years. Moreover, China & Australia are the two leading utility vehicle manufacturing countries in this region in terms of volume, with the latter being the region's top seller of utility vehicles.

Moreover, rising demand for leisure and sporting activities in nations like India & Australia would propel the market forward. As a result, the region provides utility vehicle producers with rich chances and enormous potential. Grown building activity & civic utility applications in India are driving up the demand for small utility vehicles, resulting in a positive growth estimate for the market.

The China market dominated the Asia Pacific Utility Vehicle Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,303.6 million by 2028. The Japan market is anticipated to grow at a CAGR of 8.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 10.2% during (2022 - 2028).

Based on Propulsion, the market is segmented into IC Engine Powered, Electric Powered, and Others. Based on Vehicle Type, the market is segmented into Sport Utility Vehicle (SUV), Multi Utility Vehicle (MUV), Utility Terrain Vehicle Type (UTV), and Others. Based on Application, the market is segmented into Passenger Commute, Industrial, Agricultural, Sports, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Polaris, Inc., Deere & Company, Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., KUBOTA Corporation, Mahindra & Mahindra Limited, Zhejiang CFMoto Power Co., Ltd., and Bombardier Recreational Products, Inc.

Scope of the Study

Market Segments covered in the Report:

By Propulsion

IC Engine Powered
Electric Powered
Others

By Vehicle Type

Sport Utility Vehicle (SUV)
Multi Utility Vehicle (MUV)
Utility Terrain Vehicle Type (UTV)
Others

By Application

Passenger Commute
Industrial
Agricultural
Sports
Others

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Companies Profiled

Textron, Inc.
Polaris, Inc.
Deere & Company
Honda Motor Co. Ltd.
Yamaha Motor Co., Ltd.
Kawasaki Heavy Industries, Ltd.
KUBOTA Corporation
Mahindra & Mahindra Limited
Zhejiang CFMoto Power Co., Ltd.
Bombardier Recreational Products, Inc.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Utility Vehicle Market, by Propulsion
- 1.4.2 Asia Pacific Utility Vehicle Market, by Vehicle Type
- 1.4.3 Asia Pacific Utility Vehicle Market, by Application
- 1.4.4 Asia Pacific Utility Vehicle Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
- 2.1.1 Overview
  - 2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jan - 2022, Apr) Leading Players

Chapter 4. Asia Pacific Utility Vehicle Market by Propulsion

4.1 Asia Pacific IC Engine Powered Market by Country
4.2 Asia Pacific Electric Powered Market by Country
4.3 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Utility Vehicle Market by Vehicle Type

5.1 Asia Pacific Sport Utility Vehicle (SUV) Market by Country
5.2 Asia Pacific Multi Utility Vehicle (MUV) Market by Country
5.3 Asia Pacific Utility Terrain Vehicle Type (UTV) Lumens Utility Vehicle Market by Country
5.4 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Utility Vehicle Market by Application

6.1 Asia Pacific Passenger Commute Market by Country
6.2 Asia Pacific Industrial Market by Country
6.3 Asia Pacific Agricultural Market by Country
6.4 Asia Pacific Sports Market by Country
6.5 Asia Pacific Others Market by Country

Chapter 7. Asia Pacific Utility Vehicle Market by Country

7.1 China Utility Vehicle Market
- 7.1.1 China Utility Vehicle Market by Propulsion
- 7.1.2 China Utility Vehicle Market by Vehicle Type
- 7.1.3 China Utility Vehicle Market by Application
7.2 Japan Utility Vehicle Market
- 7.2.1 Japan Utility Vehicle Market by Propulsion
- 7.2.2 Japan Utility Vehicle Market by Vehicle Type
- 7.2.3 Japan Utility Vehicle Market by Application
7.3 India Utility Vehicle Market
- 7.3.1 India Utility Vehicle Market by Propulsion
- 7.3.2 India Utility Vehicle Market by Vehicle Type
- 7.3.3 India Utility Vehicle Market by Application
7.4 South Korea Utility Vehicle Market
- 7.4.1 South Korea Utility Vehicle Market by Propulsion
- 7.4.2 South Korea Utility Vehicle Market by Vehicle Type
- 7.4.3 South Korea Utility Vehicle Market by Application
7.5 Singapore Utility Vehicle Market
- 7.5.1 Singapore Utility Vehicle Market by Propulsion
- 7.5.2 Singapore Utility Vehicle Market by Vehicle Type
- 7.5.3 Singapore Utility Vehicle Market by Application
7.6 Malaysia Utility Vehicle Market
- 7.6.1 Malaysia Utility Vehicle Market by Propulsion
- 7.6.2 Malaysia Utility Vehicle Market by Vehicle Type
- 7.6.3 Malaysia Utility Vehicle Market by Application
7.7 Rest of Asia Pacific Utility Vehicle Market
- 7.7.1 Rest of Asia Pacific Utility Vehicle Market by Propulsion
- 7.7.2 Rest of Asia Pacific Utility Vehicle Market by Vehicle Type
- 7.7.3 Rest of Asia Pacific Utility Vehicle Market by Application

Chapter 8. Company Profiles

8.1 Textron, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional & Segmental Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
  - 8.1.5.1 Partnerships, Collaborations, and Agreements:
  - 8.1.5.2 Product Launches and Product Expansions:
8.2 Polaris, Inc.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional & Segmental Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
  - 8.2.5.1 Partnerships, Collaborations, and Agreements:
  - 8.2.5.2 Product Launches and Product Expansions:
  - 8.2.5.3 Geographical Expansions:
8.3 Deere & Company
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Regional & Segmental Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
  - 8.3.5.1 Partnerships, Collaborations, and Agreements:
  - 8.3.5.2 Product Launches and Product Expansions:
  - 8.3.5.3 Acquisition and Mergers:
8.4 Honda Motor Co. Ltd.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
  - 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.6 SWOT Analysis
8.5 Yamaha Motor Co., Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
  - 8.5.5.1 Product Launches and Product Expansions:
8.6 Kawasaki Heavy Industries, Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
  - 8.6.5.1 Product Launches and Product Expansions:
  - 8.6.5.2 Geographical Expansions:
8.7 KUBOTA Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
  - 8.7.5.1 Partnerships, Collaborations, and Agreements:
  - 8.7.5.2 Product Launches and Product Expansions:
8.8 Mahindra & Mahindra Limited (Mahindra Group)
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
  - 8.8.5.1 Collaborations, Partnerships and Agreements:
8.9 Zhejiang CFMoto Power Co., Ltd.
- 8.9.1 Company Overview
- 8.9.2 Recent strategies and developments:
  - 8.9.2.1 Partnerships, Collaborations, and Agreements:
  - 8.9.2.2 Acquisition and Mergers:
  - 8.9.2.3 Geographical Expansions:
8.10. Bombardier Recreational Products, Inc.
- 8.10.1 Company Overview
- 8.10.2 Recent strategies and developments:
  - 8.10.2.1 Geographical Expansions:

LIST OF TABLES

TABLE 1 Asia Pacific Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements - Utility Vehicle Market
TABLE 4 Product Launches And Product Expansions - Utility Vehicle Market
TABLE 5 Acquisition and Mergers - Utility Vehicle Market
TABLE 6 Geographcial Expansions - Utility Vehicle Market
TABLE 7 Asia Pacific Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 9 Asia Pacific IC Engine Powered Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific IC Engine Powered Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Electric Powered Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Electric Powered Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Sport Utility Vehicle (SUV) Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Sport Utility Vehicle (SUV) Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Multi Utility Vehicle (MUV) Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Multi Utility Vehicle (MUV) Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Utility Terrain Vehicle Type (UTV) Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Utility Terrain Vehicle Type (UTV) Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Passenger Commute Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Passenger Commute Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Agricultural Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Agricultural Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Sports Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Sports Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Utility Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Utility Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 39 China Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 40 China Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 41 China Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 42 China Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 43 China Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 44 China Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 45 China Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 46 China Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 47 Japan Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 48 Japan Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 49 Japan Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 50 Japan Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 51 Japan Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 52 Japan Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 53 Japan Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 54 Japan Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 55 India Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 56 India Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 57 India Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 58 India Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 59 India Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 India Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 India Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 62 India Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 63 South Korea Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 64 South Korea Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 65 South Korea Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 66 South Korea Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 67 South Korea Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 South Korea Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 South Korea Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 70 South Korea Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 71 Singapore Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 72 Singapore Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 73 Singapore Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 74 Singapore Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 75 Singapore Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 Singapore Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 Singapore Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 78 Singapore Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 79 Malaysia Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 80 Malaysia Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 81 Malaysia Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 82 Malaysia Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 83 Malaysia Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 84 Malaysia Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 85 Malaysia Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 86 Malaysia Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 95 Key information - Textron, Inc.
TABLE 96 Key information - Polaris, Inc.
TABLE 97 Key information - Deere & Company
TABLE 98 key Information - Honda Motor Co. Ltd.
TABLE 99 Key Information - Yamaha Motor Co., Ltd.
TABLE 100 Key Information - Kawasaki Heavy Industries, Ltd.
TABLE 101 Key Information - KUBOTA Corporation
TABLE 102 key Information - Mahindra & Mahindra Limited
TABLE 103 Key information - Zhejiang CFMoto Power Co., Ltd.
TABLE 104 Key information - Bombardier Recreational Products, Inc.

List of Figures

FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jan - 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: Polaris, Inc.
FIG 6 Recent strategies and developments: Deere & Company
FIG 7 SWOT ANALYSIS: HONDA MOTORS CO. LTD.
FIG 8 Recent strategies and developments: KUBOTA Corporation
FIG 9 Recent strategies and developments: Zhejiang CFMoto Power Co., Ltd.

Asia Pacific Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Propulsion (IC Engine Powered, Electric Powered), By Vehicle Type, By Application, By Country and Growth Forecast, 2022 - 2028

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