GLOBAL ATV AND UTV MARKET 2021-2028

Automotive & Transportation | Automotive Systems

GLOBAL ATV AND UTV MARKET 2021-2028

Market by Vehicle Type, Displacement, Fuel Type, Application, End-user, and Geography | Forecast 2021-2028

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Triton Market Research predicts that the global ATV and UTV market is anticipated to rise with a CAGR of 6.85% during the forecast period 2021-2028. The market gained $6788.22 million in 2020, and is expected to rise to revenue of $11711.11 million by 2028.


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Factors such as the growing popularity of adventure sports, increasing ATV and UTV use in the military, government rules supporting ATVS and UTVS are expected to foster the growth of the studied market during the forecast period. In recent years, there has been a growing demand for off-road vehicles for military activities, including driving on rugged terrain and transporting troops. Moreover, other factors like flexibility, high maneuverability, and superior navigation have increased the demand for such vehicles, augmenting the ATV and UTV market’s growth.

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. 

Additionally, the production of safer ATVs and UTVs are anticipated to offer lucrative opportunities to the reviewed market. These vehicles are primarily used for nature exploration, camping, and other activities but are considered to be risky. Besides, there has been a rise in the accident rates related to these vehicles. Hence, several market players have introduced safer ATVs and UTVs integrated with advanced features like GPS.

However, ATVs and UTVs are prone to part failure, breakage, and overheating. Here, manufacturers offer a one-year warranty where it does not cover the replacement of broken parts, making the maintenance of such vehicles expensive. Hence, this factor, along with the driving ban in wildlife areas, is restricting the overall growth of the ATV and UTV market.



Key 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 & UTV Market includes:

•           Market by Vehicle Type:

           o          ATV

           o          UTV

•           Market by Displacement:

           o          400 (CC)

           o          400-800 (CC)

           o          800 (CC)

•           Market by Fuel Type:

           o          Gasoline-Powered

           o          Diesel-Powered

           o          Electric-Powered

           o          Solar-Powered

•           Market by Application:

           o          Utility

           o          Sports

           o          Others

•           Market by End-user:

           o          Agriculture

           o          Military

           o          Mountaineering

           o          Others

The major companies profiled in the ATV and UTV market include Honda Motor Company, Yamaha Motor Co Ltd, Suzuki Motors Corporation, Kawasaki Heavy Industries, Polaris Industries Inc, BRP Inc, Kubota Corporation, Deere & Company, Textron Inc, Hisun, Kwang Yang Motor Co Ltd, and CFmoto.

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Table of Content

1. 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 APPLICATION     

6.1. UTILITY       

6.2. SPORTS     

6.3. OTHERS     

7. GLOBAL ATV AND UTV MARKET - BY END-USER          

7.1. AGRICULTURE    

7.2. MILITARY   

7.3. MOUNTAINEERING         

7.4. OTHERS     

8. GLOBAL ATV AND UTV MARKET – REGIONAL OUTLOOK        

8.1. NORTH AMERICA

8.1.1. MARKET BY VEHICLE TYPE       

8.1.2. MARKET BY DISPLACEMENT    

8.1.3. MARKET BY FUEL TYPE  

8.1.4. MARKET BY APPLICATION         

8.1.5. MARKET BY END-USER  

8.1.6. COUNTRY ANALYSIS       

8.1.6.1. UNITED STATES       

8.1.6.2. CANADA         

8.2. EUROPE    

8.2.1. MARKET BY VEHICLE TYPE       

8.2.2. MARKET BY DISPLACEMENT    

8.2.3. MARKET BY FUEL TYPE  

8.2.4. MARKET BY APPLICATION         

8.2.5. MARKET BY END-USER  

8.2.6. COUNTRY ANALYSIS       

8.2.6.1. UNITED KINGDOM    

8.2.6.2. GERMANY      

8.2.6.3. FRANCE          

8.2.6.4. SPAIN  

8.2.6.5. ITALY    

8.2.6.6. RUSSIA

8.2.6.7. REST OF EUROPE   

8.3. ASIA-PACIFIC       

8.3.1. MARKET BY VEHICLE TYPE       

8.3.2. MARKET BY DISPLACEMENT    

8.3.3. MARKET BY FUEL TYPE  

8.3.4. MARKET BY APPLICATION         

8.3.5. MARKET BY END-USER  

8.3.6. COUNTRY ANALYSIS       

8.3.6.1. CHINA  

8.3.6.2. JAPAN 

8.3.6.3. INDIA    

8.3.6.4. SOUTH KOREA         

8.3.6.5. ASEAN COUNTRIES

8.3.6.6. AUSTRALIA & NEW ZEALAND      

8.3.6.7. REST OF ASIA-PACIFIC      

8.4. LATIN AMERICA  

8.4.1. MARKET BY VEHICLE TYPE       

8.4.2. MARKET BY DISPLACEMENT    

8.4.3. MARKET BY FUEL TYPE  

8.4.4. MARKET BY APPLICATION         

8.4.5. MARKET BY END-USER  

8.4.6. COUNTRY ANALYSIS       

8.4.6.1. BRAZIL

8.4.6.2. MEXICO           

8.4.6.3. REST OF LATIN AMERICA 

8.5. MIDDLE EAST AND AFRICA     

8.5.1. MARKET BY VEHICLE TYPE       

8.5.2. MARKET BY DISPLACEMENT    

8.5.3. MARKET BY FUEL TYPE  

8.5.4. MARKET BY APPLICATION         

8.5.5. MARKET BY END-USER  

8.5.6. COUNTRY ANALYSIS       

8.5.6.1. UNITED ARAB EMIRATES  

8.5.6.2. TURKEY          

8.5.6.3. SAUDI ARABIA          

8.5.6.4. SOUTH AFRICA         

8.5.6.5. REST OF MIDDLE EAST & AFRICA          

9. COMPETITIVE LANDSCAPE 

9.1. BRP INC     

9.2. CFMOTO    

9.3. DEERE & COMPANY      

9.4. HISUN         

9.5. HONDA MOTOR COMPANY     

9.6. KAWASAKI HEAVY INDUSTRIES        

9.7. KUBOTA CORPORATION          

9.8. KWANG YANG MOTOR CO LTD          

9.9. POLARIS INDUSTRIES INC       

9.10. SUZUKI MOTORS CORPORATION   

9.11. TEXTRON INC (ARTIC CAT)   

9.12. YAMAHA MOTOR CO LTD      

10. METHODOLOGY & SCOPE  

10.1. RESEARCH SCOPE & DELIVERABLES      

10.2. SOURCES OF DATA     

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL ATV AND UTV MARKET, BY REGIONAL OUTLOOK, 2021-2028 (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, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2028 (IN $ MILLION)

TABLE 9: GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 11: GLOBAL ATV AND UTV MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL ATV AND UTV MARKET, BY REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 14: NORTH AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)

TABLE 15: NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2028 (IN $ MILLION)

TABLE 16: NORTH AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2028 (IN $ MILLION)

TABLE 17: NORTH AMERICA ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 18: NORTH AMERICA ATV AND UTV MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 19: EUROPE ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 20: EUROPE ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)

TABLE 21: EUROPE ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2028 (IN $ MILLION)

TABLE 22: EUROPE ATV AND UTV MARKET, BY FUEL TYPE, 2021-2028 (IN $ MILLION)

TABLE 23: EUROPE ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 24: EUROPE ATV AND UTV MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 25: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 26: ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)

TABLE 27: ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2028 (IN $ MILLION)

TABLE 28: ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, 2021-2028 (IN $ MILLION)

TABLE 29: ASIA-PACIFIC ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 30: ASIA-PACIFIC ATV AND UTV MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 31: LATIN AMERICA ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 32: LATIN AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)

TABLE 33: LATIN AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2028 (IN $ MILLION)

TABLE 34: LATIN AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2028 (IN $ MILLION)

TABLE 35: LATIN AMERICA ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 36: LATIN AMERICA ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 37: MIDDLE EAST AND AFRICA ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 38: MIDDLE EAST AND AFRICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)

TABLE 39: MIDDLE EAST AND AFRICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021-2028 (IN $ MILLION)

TABLE 40: MIDDLE EAST AND AFRICA ATV AND UTV MARKET, BY FUEL TYPE, 2021-2028 (IN $ MILLION)

TABLE 41: MIDDLE EAST AND AFRICA ATV AND UTV MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 42: MIDDLE EAST AND AFRICA ATV AND UTV MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, 2020 & 2028 (IN %)

FIGURE 4: GLOBAL ATV AND UTV MARKET, BY ATV, 2021-2028 (IN $ MILLION)

FIGURE 5: GLOBAL ATV AND UTV MARKET, BY UTV, 2021-2028 (IN $ MILLION)

FIGURE 6: GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, 2020 & 2028 (IN %)

FIGURE 7: GLOBAL ATV AND UTV MARKET, BY ? 400 (CC), 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL ATV AND UTV MARKET, BY 400-800(CC), 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL ATV AND UTV MARKET, BY ? 800 (CC), 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL ATV AND UTV MARKET, BY FUEL TYPE, 2020 & 2028 (IN %)

FIGURE 11: GLOBAL ATV AND UTV MARKET, BY GASOLINE-POWERED, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL ATV AND UTV MARKET, BY DIESEL-POWERED, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL ATV AND UTV MARKET, BY SOLAR-POWERED, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL ATV AND UTV MARKET, BY APPLICATION, 2020 & 2028 (IN %)

FIGURE 16: GLOBAL ATV AND UTV MARKET, BY UTILITY, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL ATV AND UTV MARKET, BY SPORTS, 2021-2028 (IN $ MILLION)

FIGURE 18: GLOBAL ATV AND UTV MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 19: GLOBAL ATV AND UTV MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 20: GLOBAL ATV AND UTV MARKET, BY AGRICULTURE, 2021-2028 (IN $ MILLION)

FIGURE 21: GLOBAL ATV AND UTV MARKET, BY MILITARY, 2021-2028 (IN $ MILLION)

FIGURE 22: GLOBAL ATV AND UTV MARKET, BY MOUNTAINEERING, 2021-2028 (IN $ MILLION)

FIGURE 23: GLOBAL ATV AND UTV MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 24: GLOBAL ATV AND UTV MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 25: UNITED STATES ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: CANADA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: UNITED KINGDOM ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: GERMANY ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: FRANCE ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: SPAIN ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: ITALY ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 32: RUSSIA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 33: REST OF EUROPE ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 34: CHINA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 35: JAPAN ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 36: INDIA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 37: SOUTH KOREA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 38: ASEAN COUNTRIES ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 40: REST OF ASIA-PACIFIC ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 41: BRAZIL ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 42: MEXICO ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 43: REST OF LATIN AMERICA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 44: UNITED ARAB EMIRATES ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 45: TURKEY ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 46: SAUDI ARABIA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 47: SOUTH AFRICA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

FIGURE 48: REST OF MIDDLE EAST & AFRICA ATV AND UTV MARKET 2021-2028 (IN $ MILLION)

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