ASIA-PACIFIC ATV AND UTV MARKET 2022-2028

Automotive & Transportation | Automotive Systems

ASIA-PACIFIC ATV AND UTV MARKET 2022-2028

Market by Vehicle Type, Displacement, Fuel Type, End-user, and Country | Forecast 2022-2028

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Triton Market Research’s report states that the ATV and UTV market in the Asia-Pacific is likely to display a growth rate of 7.91% over the forecasting years 2022-2028.


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The countries taken into consideration in this market are:

•        India

•        China

•        Japan

•        Australia & New Zealand

•        South Korea

•        ASEAN countries

•        Rest of Asia-Pacific

The growing adoption of ATVs and UTVs in China for military applications is one of the key factors supporting the studied market’s growth. As a result, there has been a rise in the launch of new versions by prominent defense companies. Several Chinese 8x8 ATVs have been launched, employed in the army, marines, and other units. The all-terrain vehicle can also be used for other applications, including supporting the movement of troops, cargo, equipment, and casualty evacuation. Hence, these factors are estimated to widen the scope and growth of the ATV and UTV market within China in the upcoming years.

In Japan, the prominent ATV and UTV manufacturers have fostered the growth of the reviewed market. These manufacturers are introducing a new line of off-road vehicles in order to compete in the market. For instance, Honda Motor Company is anticipated to launch two versions of sports UTV to drive sports UTV segments, which Polaris RZR presently dominates. Therefore, such methods commenced by major companies are expected to generate opportunities for the Japanese ATV and UTV market over the forecast period.

Kawasaki Heavy Industries manufactures industrial and transportation equipment. It predominantly functions through its business segments, such as precision machinery, rolling stock, aerospace, motorcycle, and others. Additionally, the company offers liquid gas carriers, tunnel boring machines, ATVs, electric train cards, and jet engines. Headquartered in Japan, Kawasaki serves clients within the industrial and consumer sectors, operating across multiple nations. 

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Table of Content

1. ASIA-PACIFIC ATV AND UTV MARKET - SUMMARY      

2. INDUSTRY OUTLOOK 

2.1. KEY INSIGHTS    

2.1.1. GROWING USE OF ATVS ON UNEVEN ROADS       

2.1.2. INCREASE IN ATV EXPERIENCE ZONES      

2.1.3. GROWING PENETRATION OF CVTS IN ATVS

2.2. IMPACT OF COVID-19 ON ATV AND UTV MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS 

2.3.1. THREAT OF NEW ENTRANTS    

2.3.2. THREAT OF SUBSTITUTES       

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS     

2.3.5. THREAT OF COMPETITIVE RIVALRY  

2.4. KEY BUYING IMPACT ANALYSIS       

2.4.1. GOVERNMENT REGULATIONS 

2.4.2. PRICE

2.4.3. APPLICATION        

2.5. MARKET ATTRACTIVENESS MATRIX

2.6. VENDOR SCORECARD  

2.7. KEY MARKET STRATEGIES    

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. BUSINESS EXPANSIONS & DIVESTITURES  

2.7.3. NEW PRODUCT LAUNCHES      

2.8. MARKET DRIVERS        

2.8.1. GROWING POPULARITY OF ADVENTURE SPORTS

2.8.2. INCREASING ATV AND UTV USE IN MILITARY        

2.8.3. GOVERNMENT RULES SUPPORTING ATVS AND UTVS    

2.9. MARKET CHALLENGES 

2.9.1. DRIVING BAN IN WILDLIFE AREAS      

2.9.2. HIGH MAINTENANCE COST      

2.10. MARKET OPPORTUNITIES    

2.10.1. PRODUCTION OF SAFER ATVS AND UTVS 

3. ASIA-PACIFIC ATV AND UTV MARKET – BY VEHICLE TYPE   

3.1. ATV 

3.2. UTV 

4. ASIA-PACIFIC ATV AND UTV MARKET - BY DISPLACEMENT  

4.1. ? 400 (CC) 

4.2. 400-800(CC)        

4.3. ? 800 (CC) 

5. ASIA-PACIFIC ATV AND UTV MARKET - BY FUEL TYPE

5.1. GASOLINE-POWERED  

5.2. DIESEL-POWERED        

5.3. ELECTRIC-POWERED   

5.4. SOLAR-POWERED                  

6. ASIA-PACIFIC ATV AND UTV MARKET - BY END-USER

6.1. RECREATIONAL

6.2. SPORTS

6.3. AGRICULTURE & UTILITY

6.4. MILITARY & DEFENSE

6.5. OTHER END-USERS      

7. ASIA-PACIFIC ATV AND UTV MARKET – REGIONAL OUTLOOK             

7.1. ASIA-PACIFIC                

7.1.1. CHINA

7.1.2. JAPAN         

7.1.3. INDIA 

7.1.4. SOUTH KOREA      

7.1.5. ASEAN COUNTRIES        

7.1.6. AUSTRALIA & NEW ZEALAND   

7.1.7. REST OF ASIA-PACIFIC             

8. COMPETITIVE LANDSCAPE  

8.1. BRP INC    

8.2. CFMOTO   

8.3. DEERE AND COMPANY 

8.4. HISUN       

8.5. HONDA MOTOR COMPANY     

8.6. KAWASAKI HEAVY INDUSTRIES       

8.7. KUBOTA CORPORATION        

8.8. KWANG YANG MOTOR CO LTD        

8.9. POLARIS INDUSTRIES INC     

8.10. SUZUKI MOTORS CORPORATION  

8.11. TEXTRON INC   

8.12. YAMAHA MOTOR CO LTD     

9. METHODOLOGY & SCOPE    

9.1. RESEARCH SCOPE & DELIVERABLES        

9.2. SOURCES OF DATA      

9.3. RESEARCH METHODOLOGY   

List of Tables

TABLE 1: ASIA-PACIFIC ATV AND UTV MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 5: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 6: LIST OF NEW PRODUCT LAUNCHES

TABLE 7: ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC ATV AND UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)

FIGURE 4: ASIA-PACIFIC ATV AND UTV MARKET, BY ATV, 2022-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC ATV AND UTV MARKET, BY UTV, 2022-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, 2021 & 2028 (IN %)

FIGURE 7: ASIA-PACIFIC ATV AND UTV MARKET, BY ? 400 (CC), 2022-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC ATV AND UTV MARKET, BY 400-800(CC), 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC ATV AND UTV MARKET, BY ? 800 (CC), 2022-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, 2021 & 2028 (IN %)

FIGURE 11: ASIA-PACIFIC ATV AND UTV MARKET, BY GASOLINE-POWERED, 2022-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC ATV AND UTV MARKET, BY DIESEL-POWERED, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC ATV AND UTV MARKET, BY SOLAR-POWERED, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC ATV AND UTV MARKET, BY END-USER, 2021 & 2028 (IN %)

FIGURE 16: ASIA-PACIFIC ATV AND UTV MARKET, BY RECREATIONAL, 2022-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC ATV AND UTV MARKET, BY SPORTS, 2022-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2028 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC ATV AND UTV MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

FIGURE 21: CHINA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: JAPAN ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: INDIA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: SOUTH KOREA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: ASEAN COUNTRIES ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: AUSTRALIA & NEW ZEALAND ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: REST OF ASIA-PACIFIC ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

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