Utility Terrain Vehicles (UTVs) Market Forecast 2027

The global Utility Terrain Vehicle Market is projected to record a healthy CAGR of 6.4% during the review period. It is also called a one-next-to-the-other, four-wheel drive rough terrain vehicle, with a limit of two to six-man. Sporting off-parkway (ROV) or multi-reason off-thruway utility vehicle (MOHUV) are different terms utilized for this vehicle. This vehicle is generally presumably utilized for development and horticulture exercises, such as pulling plants, bushes, manures, fertilizer effectively, transporting gear, and more modest apparatuses, and can work related to the next retrofitted vehicles.

Various accessories permit UTV proprietors to plan a machine that is custom fitted to their requirements. These sporting-centered UTVs are likewise gifted laborers, even though there are many occupation-explicit UTVs that can be utilized that are a standard freight straight of 16.3 cubic feet and a towing limit of 1,400 pounds in a particular UTV for the gig. This can oblige a lot bigger burden than most ATVs can convey without having to join a trailer. Since they have truck-like taxis and seats that permit travelers to sit upstanding, UTVs can be more agreeable for more seasoned travelers.

Market Segmentation

Based on displacement, the utility terrain vehicle market is divided into three categories: 400 CC and under, 400 CC, and more. The propulsion-based market segments for utility terrain vehicles include electric, diesel, and gasoline. Application-based divisions of the global utility terrain vehicle market include sports, military, leisure activities, and others.

Regional Analysis

North America is assessed to hold the most elevated market share all through the gauge period. Factors like the notoriety for ATVs, forthcoming electric vehicle projects, the high optional income of individuals, scope for new and pattern-setting innovations, made economy, and informal regulations as to ATV plans have set off the interest for rough terrain vehicles nearby. According to industry encounters, the US addresses the greatest piece of the rough terrain vehicle market inferable from notoriety in applications like military, agribusiness, sports, redirection, chasing, office administration, mining, and improvement works out. As the interest in ATVs continues to extend, the US is depended upon to remain the greatest rough terrain vehicle market.

Europe is expected to attain the second largest market in the worldwide utility terrain vehicle market owing to the rising interest for ATVs and UTVs throughout the years for increasing the travel industry exercises. The increasing pattern of sports exercises and experience sports in nations, for example, Germany, Spain, and France have increased the interest in these vehicles. The growing buyer extra cash and improving living principles likewise fuel the European market development. Different elements supporting the market development include mechanical progressions, increasing applications in safeguard and horticulture areas, and strong government initiatives.

Major Players

List of key Companies covered in the report is Polaris (US), Kawasaki Heavy Industries (Japan), John Deere (US), Yamaha (Japan), Kubota (Japan), Hisun (US), Arctic Cat (US), Honda (Japan), and BRP (Canada).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Product Code: MRFR/AM/4660-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY DISPLACEMENT 2020(%)
- 1.1.2 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY PROPULSION 2020(%)
- 1.1.3 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY APPLICATION 2020(%)
- 1.1.4 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP DOWN & BOTTOM UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RISING DEMAND OF UTILITY TERRAIN VEHICLES ACROSS VARIOUS SECTORS
- 4.2.2 CAPACITY TO WORK IN SPECIALIZED ENVIRONMENT
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 HIGH LABOUR AND INFRASTRUCTURE COST
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 POSITIVE OUTLOOK TOWARD ELECTRIC UTILITY TERRAIN VEHICLES
4.5 IMPACT OF COVID-19 ON THE GLOBAL UTILITY TERRAIN VEHICLE MARKET
- 4.5.1 ECONOMIC IMPACT
- 4.5.2 IMPACT ON PRODUCTION
- 4.5.3 IMPACT ON UTILITY TERRAIN VEHICLE
- 4.5.4 IMPACT ON WORLD TRADE

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 MANUFACTURING
- 5.1.3 DISTRIBUTION & SALES
- 5.1.4 POST-SALES MONITORING SERVICES
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY DISPLACEMENT

6.1 OVERVIEW
6.2 UPTO 400 CC
6.3 400-800 CC
6.4 ABOVE 800 CC

7 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY PROPULSION

7.1 OVERVIEW
7.2 GASOLINE
7.3 DIESEL
7.4 ELECTRIC

8 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY APPLICATION

8.1 OVERVIEW
8.2 SPORTS
8.3 MILITARY
8.4 RECREATIONAL ACTIVITIES
8.5 OTHERS

9 GLOBAL UTILITY TERRAIN VEHICLE MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
- 9.2.3 MEXICO
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 FRANCE
- 9.3.3 UK
- 9.3.4 ITALY
- 9.3.5 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 INDIA
- 9.4.4 REST OFASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
9.6 SOUTH AMERICA
- 9.6.1 ARGENTINA
- 9.6.2 BRAZIL
- 9.6.3 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW
10.2 GLOBAL UTILITY TERRAIN VEHICLE MARKET: COMPANY SHARE ANALYSIS
10.3 COMPETITIVE BENCHMARKING
10.4 MAJOR GROWTH STRATEGY IN THE GLOBAL UTILITY TERRAIN VEHICLE MARKET
10.5 THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN GLOBAL UTILITY TERRAIN VEHICLE MARKET

11 COMPANY PROFILES

11.1 POLARIS.
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 SWOT ANALYSIS
- 11.1.1 KEY DEVELOPMENTS
- 11.1.2 KEY STRATEGIES
11.2 KAWASAKI HEAVY INDUSTRIES.
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 SWOT ANALYSIS
- 11.2.5 KEY STRATEGIES
11.3 JOHN DEERE
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 SWOT ANALYSIS
- 11.3.5 KEY STRATEGIES
11.4 YAMAHA
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 SWOT ANALYSIS
- 11.4.5 KEY DEVELOPMENTS
- 11.4.6 KEY STRATEGIES
11.5 KUBOTA CORPORATION
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 SWOT ANALYSIS
- 11.5.5 KEY STRATEGIES
11.6 HONDA
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 PRODUCTS OFFERED
- 11.6.3 FINANCIAL OVERVIEW
- 11.6.4 SWOT ANALYSIS
- 11.6.5 KEY DEVELOPMENTS
- 11.6.6 KEY STRATEGIES
11.7 BRP
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 SWOT ANALYSIS
- 11.7.5 KEY DEVELOPMENTS
- 11.7.6 KEY STRATEGIES
11.8 KWANG YANG MOTOR
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 PRODUCTS OFFERED
11.9 HISUN MOTORS CORP.
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 PRODUCTS OFFERED
11.10 ARCTIC CAT
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 PRODUCTS OFFERED

12 APPENDIX

12.1 REFERENCES
12.2 RELATED REPORTS