Market Research Report
ATV & UTV Market 2021-2027
|ATV & UTV Market 2021-2027|
Published: September 17, 2021
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global ATV &UTV Market Size, Share &Trends Analysis Report by Vehicle Type (ATV, UTV), by Propulsion Type (Gasoline Powered, Diesel Powered, Electric Powered), by End-User (Agriculture, Construction, Military, Recreational, Mountaineering), by Drivetrain Type (Two-Wheel Drive, Three-Wheel Drive, All-Wheel Drive), by Engine Size (Less than 400 CC, 400 to 800 CC, and More than 800 CC) Forecast period (2021-2027)
The global ATV &UTV market is anticipated to exhibit considerable CAGR of 4.1% during the forecast period (2021-2027). The growing demand for ATV &UTV From defense and military sector is driving the growth of the global ATV &UTV market. In May 2020, the US Special Operations Command (USSOCOM) awarded $109 million seven-year contract to Polaris Government and Defense for the Polaris MRZR Alpha, a new Lightweight Tactical All-Terrain Vehicle (LTATV). The rise in the number of the government contracts for the production of ATVs is anticipated to offer growth opportunity to the global market during the forecast period.
The ATV &UTV market is segmented on the basis of vehicle type, propulsion type, end-user, drivetrain type, and engine size. Based on vehicle type, the ATV &UTV market is segmented into ATV UTV. Based on propulsion type, the ATV &UTV market is segmented into gasoline powered, electric powered and diesel powered. Based on end-user, the market is segmented into agriculture, construction, military, recreational, mountaineering. Based on drivetrain type, the market is segmented into two-wheel drive, three-wheel drive, and all-wheel drive. Based on engine size, the market is segmented into less than 400 cc, 400 to 800 cc, and more than 800 cc
The global ATV &UTV market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold a considerable market share during the forecast period. The presence of well-established automobile industry and large number of end-user verticals for the ATV &UTVs are the major factors attributing towards the market share of the region. However, Asia-Pacific is anticipated to exhibit highest growth in global market during the forecast period.
The global ATV &UTV market is characterized by the presence of several market players that are catering to a wide range of customers across the globe. Some of the key vendors of ATV &UTV include Arctic Cat, Honda Motor Co., Ltd., Kawasaki Motors Corp., Polaris Inc., and Yamaha Motor Co., Ltd. and so on. The key vendors of the ATV &UTV are adopting several growth strategies such as mergers &acquisition, collaboration, and partnership, and so on to remain competitive in the ATV &UTV market
The market study of the global ATV &UTV market is incorporated by extensive primary and secondary research conducted by the research team at OMR Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Global ATV &UTV Market Research and Analysis by Type
Global ATV &UTV Market Research and Analysis by Application
Global ATV &UTV Market Research and Analysis by End-User
The Report Covers
Comprehensive research methodology of the global ATV &UTV market
This report also includes a detailed and extensive market overview with the key analyst insights
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations
Analysis of regional regulations and other government policies impacting the global ATV &UTV market
Insights about market determinants which are stimulating the global ATV &UTV market
Detailed and extensive market segments with the regional distribution of forecasted revenues
Extensive profiles and recent developments of market players