All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Global Market Opportunities And Strategies To 2032

Description

“All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on all-terrain vehicle (atv) and utility task vehicle (utv) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for all-terrain vehicle (atv) and utility task vehicle (utv)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The all-terrain vehicle (atv) and utility task vehicle (utv) market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: All-Terrain Vehicle (ATV); Utility Task Vehicle (UTV)

2) By Displacement: Less than 400CC; 400CC-800CC; More than 800CC

3) By Fuel Types: Gasoline; Diesel; Electric; Solar

4) By End User: Recreational; Sports; Agriculture and Utility; Military and Defence; Other End-Users

Companies Mentioned: Bombardier Recreational Products (BRP) Inc; CFMoto; Deere Company; Hisun Motors Corporation; Yamaha Motor Co Ltd

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the all-terrain vehicle (atv) and utility task vehicle (utv) market are Bombardier Recreational Products (BRP) Inc., CFMoto, Deere Company, Hisun Motors Corporation, Yamaha Motor Co Ltd., Kawasaki Heavy Industries Ltd., Kwang Yang Motor Co. Ltd., Kubota Corporation, Polaris Industries Inc., Suzuki Motor Corporation, Textron Inc., Bobcat Company, Taiwan Golden Bee Co. Ltd. (TGB), TaoTao Vehicles Company Ltd., Nikola Motor Company, and Arctic Cat.

The global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market is expected to grow from $8.78 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market is expected to grow to $13.29 billion in 2027 at a CAGR of 8.4%.

The all-terrain vehicle (ATV) and utility task vehicle (UTV) market consists of sales of handlebar, saddle-seats, tires and wheels, controls and cables. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The all-terrain vehicle (ATV) and utility task vehicle (UTV) refers to the vehicle used for work and recreational activities such as off-roading. An all-terrain vehicle (ATV) is a motorised off-road vehicle with steering handlebars that runs on four low-pressure or non-pneumatic tyres. A utility task vehicle (UTV) refers to an off-road vehicle equipped by an internal-combustion motor engine of 1, 200 cubic centimetres or less and weighing between 1, 200 and 2, 600 pounds.

Asia-Pacific was the largest region in the all-terrain vehicle (ATV) and utility task vehicle (UTV) market in 2022. The regions covered in the all-terrain vehicle (ATV) and utility task vehicle (UTV) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of all-terrain vehicle (ATV) and utility task vehicle (UTV) are all-terrain vehicle (ATV) and utility task vehicle (UTV). The all-terrain vehicle refers to vehicle used to move soil, transfer objects from one place to another, check on livestock and crops, apply fertiliser and pesticides, and move things from one place to another. An ATV refers to a motorised off-road vehicle with handlebars for steering that is made to run on four low-pressure or non-pneumatic tyres. The different displacement is less than 400cc, 400cc-800cc, and more than 800cc, that uses gasoline, diesel, electric, and solar as a fuel type. These are used in recreational, sports, agriculture and utility, military and defence, and others.

The increasing tourism activities are expected to propel the growth of the all-terrain vehicle (ATV), and utility task vehicle (UTV) markets going forward. Tourism refers to spending time away from home on leisure, relaxation, and pleasure while utilizing services offered for a fee. ATVs and UTVs are used for motorized recreational activities, which also help to boost tourism and the economy. For instance, in January 2020, according to a report by the World Tourism Organization, a Spain-based United Nations specialized agency entrusted with the promotion of tourism, the Middle East emerged as the fastest-growing region in 2019, with growth rates that are nearly double the global average (+8%). Despite a slowdown in growth, Asia and the Pacific nevertheless had above-average growth, with a 5% increase in foreign arrivals. Additionally, Europe continues to lead in terms of international arrival numbers, attracting 743 million foreign visitors last year (51% of the worldwide market), despite growth being slower than in years past (+4%). Therefore, increasing tourism activities drive the growth of the all-terrain vehicle (ATV) and utility task vehicle (UTV) markets.

Development of technologically advanced vehicles is a key trend gaining popularity in the all-terrain vehicle (ATV) and utility task vehicle (UTV) markets. Major players operating in the market are developing advanced vehicles to sustain their position in the all-terrain vehicle (ATV) and utility task vehicle (UTV) markets. For instance, in August 2022, Yamaha Motor Corp, a Japan-based manufacturer of motorcycles and other motorized products, launched its 2023 Proven Off-Road ATV/UTV and Side-by-Side Lineup. This includes the 2023 Pure-Sport SxS Lineup, YXZ1000R SS, and YXZ1000R with Yamaha's Sport Shift (SS) technology with steering column-mounted aluminum paddles that enable drivers to change quickly. The unique features of the 2023 YXZ1000R versions are designed to handle a range of terrain, from vast deserts and dunes to muddy trails and tough, rocky terrain. The YXZ has an industry-first 998-cc triple-cylinder engine from Yamaha and a sequential five-speed manual transmission with either an auto-clutch or clutch pedal for the most direct-connection experience in a SxS.

In January 2022, The Toro Company, a US-based provider of innovative solutions in the outdoor environment, acquired Intimidator Group for an undisclosed amount. With this acquisition, the addition of Spartan Mowers' into the Toro Company portfolio will enable to be an even stronger participant in the enormous and quickly developing zero-turn mower sector. The Intimidator Group is a US-based manufacturer of UTVs, ATVs, and side-by-side 4x4 utility vehicles.

The countries covered in the all-terrain vehicle (ATV) and utility task vehicle (UTV) market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The all-terrain vehicle (ATV) and utility task vehicle (UTV) market research report is one of a series of new reports from The Business Research Company that provides all-terrain vehicle (ATV) and utility task vehicle (UTV) market statistics, including all-terrain vehicle (ATV) and utility task vehicle (UTV) industry global market size, regional shares, competitors with a all-terrain vehicle (ATV) and utility task vehicle (UTV) market share, detailed all-terrain vehicle (ATV) and utility task vehicle (UTV) market segments, market trends and opportunities, and any further data you may need to thrive in the all-terrain vehicle (ATV) and utility task vehicle (UTV) industry. This all-terrain vehicle (ATV) and utility task vehicle (UTV) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r5921

1. Executive Summary

2. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Characteristics

3. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Trends And Strategies

4. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market - Macro Economic Scenario

4.1. COVID-19 Impact On All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market
4.2. Ukraine-Russia War Impact On All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market
4.3. Impact Of High Inflation On All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

5. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Size And Growth

5.1. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Segmentation

6.1. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
All-Terrain Vehicle (ATV)
Utility Task Vehicle (UTV)
6.2. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Displacement, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Less than 400CC
400CC-800CC
More than 800CC
6.3. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Fuel Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Gasoline
Diesel
Electric
Solar
6.4. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Recreational
Sports
Agriculture and Utility
Military and Defence
Other End-Users

7. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Regional And Country Analysis

7.1. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

8.1. Asia-Pacific All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

9.1. China All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
9.2. China All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9.3. China All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

10. India All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

10.1. India All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

11.1. Japan All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

12.1. Australia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

13.1. Indonesia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

14.1. South Korea All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

15.1. Western Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
15.2. Western Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

16.1. UK All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

17.1. Germany All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

18.1. France All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

19.1. Eastern Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
19.2. Eastern Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

20.1. Russia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

21.1. North America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
21.2. North America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

22.1. USA All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
22.2. USA All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

23.1. South America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
23.2. South America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

24.1. Brazil All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

25.1. Middle East All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
25.2. Middle East All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

26.1. Africa All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Overview
26.2. Africa All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Competitive Landscape And Company Profiles

27.1. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Competitive Landscape
27.2. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Company Profiles
- 27.2.1. Bombardier Recreational Products (BRP) Inc
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. CFMoto
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Deere Company
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Hisun Motors Corporation
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Yamaha Motor Co Ltd
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market

29. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer