LATIN AMERICA ATV AND UTV MARKET 2022-2028

Automotive & Transportation | Automotive Systems

LATIN AMERICA ATV AND UTV MARKET 2022-2028

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

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As per Triton’s report, the ATV and UTV market in Latin America is estimated to witness growth at a CAGR of 7.39% during the estimated phase 2022-2028.


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The countries considered in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

The ATV club in Argentina has been a frontrunner in designing, formulating, and stemming unique journeys for all-terrain vehicles and utility terrain vehicles. The club’s objective is to help consumers identify numerous natural, adventure, and recreation possibilities, which surged the demand for these bikes. The increasing demand for all-terrain vehicles for agricultural and industrial applications, the rising implementation of advanced systems, and the growing popularity of electric ATVs are other sets of factors estimated to boost the ATV and UTV market’s growth in Argentina over the predicted phase.

In Mexico, initially, operating ATVs and UTVs on roadways was not permitted by the authorities. Nonetheless, the government passed supportive legislation permitting the functioning of ATVs and UTVs on roads. In this regard, the Governor of Mexico sanctioned a bill to allow users to drive these quad bikes, proving beneficial for ranchers and farmers to reach fields on paved roads. Therefore, supportive government regulations have fueled the demand for ATVs and UTVs, thereby widening the scope of the ATV and UTV market across Mexico.

CFmoto is involved in developing, producing, and delivering motorcycles, ATVs, and side-by-side utility vehicles to clients. It also manufactures Powersports vehicle engines. Besides, the company provides car-related parts, including arm protector assembly, socket and adaptor, rear panel assembly, wiper assembly, and other products. CFmoto also offers gears and accessories like sleeves, fleece, and goggles. The company serves various consumers and has business operations spread across numerous regions, including Latin America. 

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Table of Content

1. LATIN AMERICA 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. LATIN AMERICA ATV AND UTV MARKET – BY VEHICLE TYPE         

3.1. ATV 

3.2. UTV 

4. LATIN AMERICA ATV AND UTV MARKET - BY DISPLACEMENT        

4.1. ? 400 (CC) 

4.2. 400-800(CC)        

4.3. ? 800 (CC) 

5. LATIN AMERICA ATV AND UTV MARKET - BY FUEL TYPE      

5.1. GASOLINE-POWERED  

5.2. DIESEL-POWERED        

5.3. ELECTRIC-POWERED   

5.4. SOLAR-POWERED                  

6. LATIN AMERICA 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. LATIN AMERICA ATV AND UTV MARKET – REGIONAL OUTLOOK         

7.1. LATIN AMERICA            

7.1.1. BRAZIL        

7.1.2. MEXICO       

7.1.3. REST OF LATIN AMERICA                   

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: LATIN AMERICA 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: LATIN AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

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

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

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

TABLE 11: NORTH AMERICA 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: LATIN AMERICA ATV AND UTV MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)

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

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

FIGURE 6: LATIN AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, 2021 & 2028 (IN %)

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

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

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

FIGURE 10: LATIN AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021 & 2028 (IN %)

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 23: REST OF LATIN AMERICA ATV AND UTV MARKET 2022-2028 (IN $ MILLION)

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