Market by Vehicle Type, Displacement, Fuel Type, End-user, and Geography | Forecast 2022-2028
Based on Triton Market Research’s estimates, the global market for ATV and UTV is set to garner revenue worth $11.71 billion by 2028, growing at a CAGR of 6.65% over the forecast period 2022-2028. In 2021, the market attained $7.36 billion.
Report scope can be customized per your requirements. Request For Customization
Triton’s report on ATV and UTV provides an in-depth insight into the
market. The detailed analysis of the market includes key market insights,
Porter’s five forces analysis, key impact analysis, and market attractiveness
index.
The rising popularity of adventure sports, surging ATV and UTV usage in
the military, government regulations supporting ATVs and UTVs are key factors
that are anticipated to foster the studied market’s growth during the forecast
period. Over the past few years, there has been an increasing demand for
off-road vehicles for military activities, including driving on rugged terrain
and transporting troops. Along with this, flexibility, high maneuverability,
and superior navigation have highlighted the need for such vehicles, augmenting
the ATV and UTV market’s growth.
Furthermore, the production of safer ATVs and UTVs are expected to offer
several opportunities to the market. These vehicles are majorly used for nature
exploration, camping, and other activities; however, they are considered risky.
In recent years, there has been a rise in the accident rates related to these
bikes. As a result, numerous market players have launched safer quad bikes
integrated with advanced features like GPS.
In contrast, ATVs and UTVs are prone to part failure, breakage, and overheating. Manufacturers offer a one-year warranty that does not cover the replacement of broken parts, making the maintenance expenses. Hence, maintenance expenses, in addition to the driving ban in wildlife areas, impede the overall growth of the ATV and UTV market.
Major geographies covered in
the global ATV and UTV market are:
• North America: United
States and Canada
• Europe: United Kingdom,
France, Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China,
Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil,
Mexico, and Rest of Latin America
• Middle East and Africa:
Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle
East & Africa
The segmentation analysis of
the ATV and UTV Market includes:
• Market
by Vehicle Type:
o ATV
o UTV
• Market
by Displacement:
o 400-800 (CC)
• Market
by Fuel Type:
o Gasoline-Powered
o Diesel-Powered
o Electric-Powered
o Solar-Powered
• Market
by End-user:
o Sports
o Agriculture & Utility
o Military & Defense
o Other End-Users
The
prominent firms profiled in the ATV and UTV market are Kwang Yang Motor Co Ltd,
BRP Inc, Deere and Company, Polaris Industries Inc, Kawasaki Heavy Industries,
Yamaha Motor Co Ltd, Textron Inc, Suzuki Motors Corporation, Hisun, CFmoto,
Honda Motor Company, and Kubota Corporation.
Market By Vehicle Type, Power ..
VIEW REPORT
Market by Vehicle, Component, ..
VIEW REPORT
Market by Vehicle Type, Displa ..
VIEW REPORT
Market by Component, Applicati ..
VIEW REPORT
Market by Solution, Applicatio ..
VIEW REPORT
Market by Vehicle Type, Applic ..
VIEW REPORT
Market by Vehicle Type, Type, ..
VIEW REPORT
Market by End-user, Vehicle, T ..
VIEW REPORT1. GLOBAL
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. GLOBAL
ATV AND UTV MARKET – BY VEHICLE TYPE
3.1. ATV
3.2. UTV
4. GLOBAL
ATV AND UTV MARKET - BY DISPLACEMENT
4.1. ?
400 (CC)
4.2. 400-800(CC)
4.3. ?
800 (CC)
5. GLOBAL
ATV AND UTV MARKET - BY FUEL TYPE
5.1. GASOLINE-POWERED
5.2. DIESEL-POWERED
5.3. ELECTRIC-POWERED
5.4. SOLAR-POWERED
6. GLOBAL
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. GLOBAL
ATV AND UTV MARKET – REGIONAL OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
BY VEHICLE TYPE
7.1.2. MARKET
BY DISPLACEMENT
7.1.3. MARKET
BY FUEL TYPE
7.1.4. MARKET
BY END-USER
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET
BY VEHICLE TYPE
7.2.2. MARKET
BY DISPLACEMENT
7.2.3. MARKET
BY FUEL TYPE
7.2.4. MARKET
BY END-USER
7.2.5. COUNTRY
ANALYSIS
7.2.5.1. UNITED
KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. SPAIN
7.2.5.5. ITALY
7.2.5.6. RUSSIA
7.2.5.7. REST
OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET
BY VEHICLE TYPE
7.3.2. MARKET
BY DISPLACEMENT
7.3.3. MARKET
BY FUEL TYPE
7.3.4. MARKET
BY END-USER
7.3.5. COUNTRY
ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH
KOREA
7.3.5.5. ASEAN
COUNTRIES
7.3.5.6. AUSTRALIA
& NEW ZEALAND
7.3.5.7. REST
OF ASIA-PACIFIC
7.4. LATIN
AMERICA
7.4.1. MARKET
BY VEHICLE TYPE
7.4.2. MARKET
BY DISPLACEMENT
7.4.3. MARKET
BY FUEL TYPE
7.4.4. MARKET
BY END-USER
7.4.5. COUNTRY
ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST
OF LATIN AMERICA
7.5. MIDDLE
EAST AND AFRICA
7.5.1. MARKET
BY VEHICLE TYPE
7.5.2. MARKET
BY DISPLACEMENT
7.5.3. MARKET
BY FUEL TYPE
7.5.4. MARKET
BY END-USER
7.5.5. COUNTRY
ANALYSIS
7.5.5.1. UNITED
ARAB EMIRATES
7.5.5.2. TURKEY
7.5.5.3. SAUDI
ARABIA
7.5.5.4. SOUTH
AFRICA
7.5.5.5. REST
OF MIDDLE EAST & AFRICA
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
TABLE 1: GLOBAL 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: GLOBAL ATV AND
UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL ATV AND
UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 9: GLOBAL ATV AND
UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: GLOBAL ATV AND
UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 11: GLOBAL ATV AND
UTV MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA
ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA
ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA
ATV AND UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 17: EUROPE ATV AND
UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 18: EUROPE ATV AND
UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 19: EUROPE ATV AND
UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 20: EUROPE ATV AND
UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 21: EUROPE ATV AND
UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC
ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC
ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC
ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 25: ASIA-PACIFIC
ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC
ATV AND UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 27: LATIN AMERICA
ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA
ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 29: LATIN AMERICA
ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 30: LATIN AMERICA
ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 31: LATIN AMERICA
ATV AND UTV MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 32: MIDDLE EAST AND
AFRICA ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 33: MIDDLE EAST AND
AFRICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 34: MIDDLE EAST AND
AFRICA ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 35: MIDDLE EAST AND
AFRICA ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 36: MIDDLE EAST AND
AFRICA ATV AND UTV MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: GLOBAL ATV AND
UTV MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)
FIGURE 4: GLOBAL ATV AND
UTV MARKET, BY ATV, 2022-2028 (IN $ MILLION)
FIGURE 5: GLOBAL ATV AND
UTV MARKET, BY UTV, 2022-2028 (IN $ MILLION)
FIGURE 6: GLOBAL ATV AND
UTV MARKET, BY DISPLACEMENT, 2021 & 2028 (IN %)
FIGURE 7: GLOBAL ATV AND
UTV MARKET, BY ? 400 (CC), 2022-2028 (IN $ MILLION)
FIGURE 8: GLOBAL ATV AND
UTV MARKET, BY 400-800(CC), 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL ATV AND
UTV MARKET, BY ? 800 (CC), 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL ATV AND
UTV MARKET, BY FUEL TYPE, 2021 & 2028 (IN %)
FIGURE 11: GLOBAL ATV AND
UTV MARKET, BY GASOLINE-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL ATV AND
UTV MARKET, BY DIESEL-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL ATV AND
UTV MARKET, BY ELECTRIC-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL ATV AND
UTV MARKET, BY SOLAR-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 15: GLOBAL ATV AND
UTV MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: GLOBAL ATV AND
UTV MARKET, BY RECREATIONAL, 2022-2028 (IN $ MILLION)
FIGURE 17: GLOBAL ATV AND
UTV MARKET, BY SPORTS, 2022-2028 (IN $ MILLION)
FIGURE 18: GLOBAL ATV AND
UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2028 (IN $ MILLION)
FIGURE 19: GLOBAL ATV AND
UTV MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 20: GLOBAL ATV AND
UTV MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 21: GLOBAL ATV AND
UTV MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: UNITED
STATES ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: CANADA ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: UNITED
KINGDOM ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: GERMANY ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: FRANCE ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SPAIN ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ITALY ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: RUSSIA ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: REST OF
EUROPE ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: CHINA ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: JAPAN ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: INDIA ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: SOUTH KOREA
ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: ASEAN
COUNTRIES ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: AUSTRALIA
& NEW ZEALAND ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: REST OF ASIA-PACIFIC
ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: BRAZIL ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 39: MEXICO ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 40: REST OF
LATIN AMERICA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: UNITED ARAB
EMIRATES ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 42: TURKEY ATV AND
UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 43: SAUDI ARABIA
ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 44: SOUTH AFRICA
ATV AND UTV MARKET 2022-2028 (IN $ MILLION)
FIGURE 45: REST OF
MIDDLE EAST & AFRICA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)