Market by Vehicle Type, Displacement, Propulsion, Battery Capacity, End-user, and Country Outlook | Forecast 2024-2032
Triton Market Research’s report denotes that the Europe electric ATV and UTV market is projected to progress at a CAGR of 11.82% over the forecast phase 2024-2032.
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The countries examined in this region are:
• United
Kingdom
• Germany
• France
• Italy
•
Spain
• Poland
• Rest
of Europe
The European market has gained traction as the
appeal of convenient transportation across challenging terrains resonated with
the populace. Since its inception, the market has exhibited consistent growth.
The intrinsic potential of ATVs and UTVs in Europe is highlighted by the
presence of uneven terrains, exemplified by the rocky mountainous expanses,
such as the Alps. Beyond their recreational applications, the agricultural
sector in Europe has been a catalyst for heightened demand, leading to
widespread utilization and importation of these vehicles.
Germany leads the market with the highest share. The nation stands out as the most influential market for ATVs and
UTVs. This prominence can be attributed to the prevalence of forested hills and
mountainous landscapes in various regions of the country. Furthermore, the
current trend towards electrification and environmental conservation has
spurred a shift towards the electric versions of these vehicles, widening the
overall market scope.
In France, the escalating demand for all-terrain vehicles (ATVs)
and Utility task vehicles (UTVs) across agricultural, sports, forestry, and
recreational fields is a significant driver of market expansion. The
proliferation of leisure and sports parks over time attests to this surge in
demand. The increasing inclination toward recreational pursuits involving electric
UTVs and ATVs, as well as the growing popularity of adventure sports, has
notably fueled the overall market growth.
Battery
electric ATVs and UTVs employ an electric motor and a typically lithium-based
battery for propulsion, devoid of any secondary power source. The continual
progress in electric vehicle technology, coupled with the escalating preference
for electrified vehicles, has influenced ATV and UTV manufacturers to focus on
electrifying their offerings. The distinctive features of battery electric
include noiseless operation, minimal tailpipe emissions, reduced maintenance
costs due to fewer moving parts, and diminished wear-and-tear expenses.
The market is sectioned based on propulsion, vehicle type, displacement,
end-user, and battery capacity. The propulsion
segment includes battery electric and hybrid.
The
renowned companies listed in the report consist of BRP Inc, C Polaris Inc, Textron Inc
(Artic Cat), FMoto, Honda Motor Company Ltd, and Yamaha Motor Co Ltd.
Established in 2003, Bombardier Recreational Products Inc (BRP) has its headquarters in Valcourt, Canada, and operates across various facilities, boasting a workforce of over 14,500 employees. BRP is engaged in the production of an array of recreational vehicles, encompassing snowmobiles, all-terrain vehicles, motorcycles, and personal watercraft. The company’s product lineup includes offerings such as Ski-Doo and Lynx snowmobiles, as well as Can-Am On- and Off-Road vehicles.
KEY
DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the electric
ATV and UTV
market revenue growth in Europe and its influence on the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Europe
electric ATV and UTV
market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
ELECTRIC ATV AND UTV MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ELECTRIC ATV AND UTV MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF SUPPLIERS
2.2.4. BARGAINING
POWER OF BUYERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY
BUYING IMPACT ANALYSIS
2.4. KEY
MARKET STRATEGIES
2.4.1. CONTRACTS
AND PARTNERSHIPS
2.4.2. BUSINESS
EXPANSION AND DIVESTITURE
2.4.3. NEW
PRODUCT LAUNCHES
2.4.4. ACQUISITION
2.5. MARKET
DRIVERS
2.5.1. LOWER
NOISE EMISSIONS FROM ELECTRIC ATVS AND UTVS
2.5.2. GROWING
ENVIRONMENTAL CONCERNS EXPECTED TO FUEL ELECTRIC VARIANTS DEMAND
2.6. MARKET
CHALLENGES
2.6.1. VEHICLE
RANGE AND BATTERY WEIGHT CONCERN
2.6.2. HIGH
PURCHASE COST
2.7. ANALYST
PERSPECTIVE
3. EUROPE
ELECTRIC ATV AND UTV MARKET – BY VEHICLE TYPE
3.1. ATV
3.2. UTV
4. EUROPE
ELECTRIC ATV AND UTV MARKET - BY DISPLACEMENT
4.1. ≤
400 (CC)
4.2. 400-800(CC)
4.3. ≥
800 (CC)
5. EUROPE
ELECTRIC ATV AND UTV MARKET - BY PROPULSION
5.1. BATTERY
ELECTRIC
5.2. HYBRID
6. EUROPE
ELECTRIC ATV AND UTV MARKET - BY BATTERY CAPACITY
6.1. UP
TO 48V
6.2. 48V
TO 72V
6.3. ABOVE
72V
7. EUROPE
ELECTRIC ATV AND UTV MARKET - BY END-USER
7.1. RECREATIONAL
7.2. SPORTS
7.3. AGRICULTURE
& UTILITY
7.4. MILITARY
& DEFENSE
7.5. OTHER
END-USERS
8. EUROPE
ELECTRIC ATV AND UTV MARKET – BY COUNTRY OUTLOOK
8.1. UNITED
KINGDOM
8.2. GERMANY
8.3. FRANCE
8.4. SPAIN
8.5. ITALY
8.6. POLAND
8.7. REST
OF EUROPE
9. COMPETITIVE
LANDSCAPE
9.1. BRP
INC
9.1.1. OVERVIEW
9.1.2. PRODUCT
PORTFOLIO
9.1.3. STRENGTHS
9.1.4. CHALLENGE
9.2. CFMOTO
9.2.1. OVERVIEW
9.2.2. PRODUCT
PORTFOLIO
9.2.3. STRENGTHS
9.2.4. CHALLENGE
9.3. DEERE
AND COMPANY
9.3.1. OVERVIEW
9.3.2. PRODUCT
PORTFOLIO
9.3.3. STRENGTHS
9.3.4. CHALLENGE
9.4. HISUN
MOTORS CORPORATION USA
9.4.1. OVERVIEW
9.4.2. PRODUCT
PORTFOLIO
9.4.3. STRENGTHS
9.4.4. CHALLENGE
9.5. HONDA
MOTOR COMPANY LTD
9.5.1. OVERVIEW
9.5.2. PRODUCT
PORTFOLIO
9.5.3. STRENGTHS
9.5.4. CHALLENGE
9.6. KAWASAKI
HEAVY INDUSTRIES LTD
9.6.1. OVERVIEW
9.6.2. PRODUCT
PORTFOLIO
9.6.3. STRENGTHS
9.6.4. CHALLENGE
9.7. POLARIS
INC
9.7.1. OVERVIEW
9.7.2. PRODUCT
PORTFOLIO
9.7.3. STRENGTHS
9.7.4. CHALLENGE
9.8. SUZUKI
MOTORS CORPORATION
9.8.1. OVERVIEW
9.8.2. PRODUCT
PORTFOLIO
9.8.3. STRENGTHS
9.8.4. CHALLENGE
9.9. TEXTRON
INC (ARTIC CAT)
9.9.1. OVERVIEW
9.9.2. PRODUCT
PORTFOLIO
9.9.3. STRENGTHS
9.9.4. CHALLENGE
9.10. YAMAHA
MOTOR CO LTD
9.10.1. OVERVIEW
9.10.2. PRODUCT
PORTFOLIO
9.10.3. STRENGTHS
9.10.4. CHALLENGE
9.11. DRR
USA
9.11.1. OVERVIEW
9.11.2. PRODUCT
PORTFOLIO
10. RESEARCH
METHODOLOGY & SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.1.1. OBJECTIVES
OF STUDY
10.1.2. SCOPE
OF STUDY
10.2. SOURCES
OF DATA
10.2.1. PRIMARY
DATA SOURCES
10.2.2. SECONDARY
DATA SOURCES
10.3. RESEARCH
METHODOLOGY
10.3.1. EVALUATION
OF THE PROPOSED MARKET
10.3.2. IDENTIFICATION
OF DATA SOURCES
10.3.3. ASSESSMENT
OF MARKET DETERMINANTS
10.3.4. DATA
COLLECTION
10.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: EUROPE ELECTRIC ATV AND
UTV MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF CONTRACTS AND
PARTNERSHIPS
TABLE 3: LIST OF BUSINESS
EXPANSION AND DIVESTITURE
TABLE 4: LIST OF NEW PRODUCT
LAUNCHES
TABLE 5: EUROPE ELECTRIC ATV AND
UTV MARKET, BY VEHICLE TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: EUROPE ELECTRIC ATV AND
UTV MARKET, BY DISPLACEMENT, 2024-2032 (IN $ MILLION)
TABLE 7: EUROPE ELECTRIC ATV AND
UTV MARKET, BY PROPULSION, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE ELECTRIC ATV AND
UTV MARKET, BY BATTERY CAPACITY, 2024-2032 (IN $ MILLION)
TABLE 9: EUROPE ELECTRIC ATV AND
UTV MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: KEY BUYING IMPACT ANALYSIS
FIGURE 3: EUROPE ELECTRIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2023 &
2032 (IN %)
FIGURE 4: EUROPE ELECTRIC ATV AND UTV MARKET, BY ATV, 2024-2032 (IN $
MILLION)
FIGURE 5: EUROPE ELECTRIC ATV AND UTV MARKET, BY UTV, 2024-2032 (IN $
MILLION)
FIGURE 6: EUROPE ELECTRIC ATV AND UTV MARKET, BY DISPLACEMENT, 2023 &
2032
FIGURE 7: EUROPE ELECTRIC ATV AND UTV MARKET, BY ≤ 400 (CC), 2024-2032
(IN $ MILLION)
FIGURE 8: EUROPE ELECTRIC ATV AND UTV MARKET, BY 400-800(CC), 2024-2032
(IN $ MILLION)
FIGURE 9: EUROPE ELECTRIC ATV AND UTV MARKET, BY ≥ 800 (CC), 2024-2032
(IN $ MILLION)
FIGURE 10: EUROPE ELECTRIC ATV AND UTV MARKET, BY PROPULSION, 2023 &
2032 (IN %)
FIGURE 11: EUROPE ELECTRIC ATV AND UTV MARKET, BY BATTERY ELECTRIC,
2024-2032 (IN $ MILLION)
FIGURE 12: EUROPE ELECTRIC ATV AND UTV MARKET, BY HYBRID, 2024-2032 (IN $
MILLION)
FIGURE 13: EUROPE ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY, 2023
& 2032 (IN %)
FIGURE 14: EUROPE ELECTRIC ATV AND UTV MARKET, BY UP TO 48V, 2024-2032
(IN $ MILLION)
FIGURE 15: EUROPE ELECTRIC ATV AND UTV MARKET, BY 48V TO 72V, 2024-2032
(IN $ MILLION)
FIGURE 16: EUROPE ELECTRIC ATV AND UTV MARKET, BY ABOVE 72V, 2024-2032
(IN $ MILLION)
FIGURE 17: EUROPE ELECTRIC ATV AND UTV MARKET, BY END-USER, 2023 &
2032 (IN %)
FIGURE 18: EUROPE ELECTRIC ATV AND UTV MARKET, BY RECREATIONAL, 2024-2032
(IN $ MILLION)
FIGURE 19: EUROPE ELECTRIC ATV AND UTV MARKET, BY SPORTS, 2024-2032 (IN $
MILLION)
FIGURE 20: EUROPE ELECTRIC ATV AND UTV MARKET, BY AGRICULTURE &
UTILITY, 2024-2032 (IN $ MILLION)
FIGURE 21: EUROPE ELECTRIC ATV AND UTV MARKET, BY MILITARY & DEFENSE,
2024-2032 (IN $ MILLION)
FIGURE 22: EUROPE ELECTRIC ATV AND UTV MARKET, BY OTHER END-USERS,
2024-2032 (IN $ MILLION)
FIGURE 23: UNITED KINGDOM ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $
MILLION)
FIGURE 24: GERMANY ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 25: FRANCE ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 26: SPAIN ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 27: ITALY ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: POLAND ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: REST OF EUROPE ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $
MILLION)