Market by Vehicle Type, Displacement, Fuel Type, End-user, and Country | Forecast 2022-2028
Triton Market Research’s report insinuates that the ATV and UTV market in North America is set to grow at a CAGR of 5.74% during the forecasted years from 2022 to 2028.
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The countries evaluated in this market are:
• United States
• Canada
Canada is among the major contributors to US exports due to the healthy
trade relations between the countries under NAFTA. Ontario is estimated to
dominate the studied market in the upcoming years. This dominance can be
attributed to the presence of numerous associations promoting the maintenance
and construction of trails. Besides, several sports and recreational activities
are organized by the OFATV clubs, increasing the need for ATVs and UTVs.
Therefore, such developments fuel the ATV and UTV market’s growth.
In the United States, the growing demand for UTVs is due to the use of
these quad bikes in the defense sector for patrolling in combat operations.
Besides, UTVs have gained popularity among farmers and hunters across the
country. And UTVs are considered comfortable for older riders as it helps cover
more distance without needing them to lean forward.
Additionally, all-terrain vehicles are gaining popularity among
consumers as the government encourages off-road recreational activities. For
instance, the government has allocated land for sports events, such as desert
racing, dirt racing, and mountain racing, surging the demand for ATVs. These
vehicles are also added to the miscellaneous vehicle category in the country’s
recreational transportation sector. Hence, these factors are likely to boost
the ATV and UTV market’s growth.
Textron Inc develops test equipment, protection systems, commercial
parts, intelligent software solutions, tiltrotor aircraft, armored vehicles,
and business jets. The company acquired Arctic Cat, an all-terrain vehicle and
snowmobiles manufacturer. Besides, it provides inspection, maintenance, and
repair services. Textron serves clientele in multiple regions, with
headquarters located in the United States.
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VIEW REPORT1. NORTH
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. NORTH
AMERICA ATV AND UTV MARKET – BY VEHICLE TYPE
3.1. ATV
3.2. UTV
4. NORTH
AMERICA ATV AND UTV MARKET - BY DISPLACEMENT
4.1. ?
400 (CC)
4.2. 400-800(CC)
4.3. ?
800 (CC)
5. NORTH
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. NORTH
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. NORTH
AMERICA ATV AND UTV MARKET – REGIONAL OUTLOOK
7.1. COUNTRY
ANALYSIS
7.1.1. UNITED
STATES
7.1.2. CANADA
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: NORTH 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: NORTH AMERICA
ATV AND UTV MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA
ATV AND UTV MARKET, BY DISPLACEMENT, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
ATV AND UTV MARKET, BY FUEL TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH 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)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: KEY BUYING IMPACT
ANALYSIS
FIGURE 3: NORTH AMERICA
ATV AND UTV MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)
FIGURE 4: NORTH AMERICA
ATV AND UTV MARKET, BY ATV, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
ATV AND UTV MARKET, BY UTV, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
ATV AND UTV MARKET, BY DISPLACEMENT, 2021 & 2028 (IN %)
FIGURE 7: NORTH AMERICA
ATV AND UTV MARKET, BY ? 400 (CC), 2022-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
ATV AND UTV MARKET, BY 400-800(CC), 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA
ATV AND UTV MARKET, BY ? 800 (CC), 2022-2028 (IN $ MILLION)
FIGURE 10: NORTH
AMERICA ATV AND UTV MARKET, BY FUEL TYPE, 2021 & 2028 (IN %)
FIGURE 11: NORTH
AMERICA ATV AND UTV MARKET, BY GASOLINE-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 12: NORTH
AMERICA ATV AND UTV MARKET, BY DIESEL-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 13: NORTH
AMERICA ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH
AMERICA ATV AND UTV MARKET, BY SOLAR-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH
AMERICA ATV AND UTV MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: NORTH
AMERICA ATV AND UTV MARKET, BY RECREATIONAL, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH
AMERICA ATV AND UTV MARKET, BY SPORTS, 2022-2028 (IN $ MILLION)
FIGURE 18: NORTH
AMERICA ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2028 (IN $
MILLION)
FIGURE 19: NORTH
AMERICA ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA
ATV AND UTV MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 21: NORTH
AMERICA 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)