Product Code: A04792
The ATV and UTV market is expected to experience a significant growth rate of 7.3% from 2022 to 2031 owing to increased demand for off-road vehicles across the globe - Allied Market Research
The global ATV and UTV market are growing rapidly due to increasing demand from consumers and industries and is highly competitive with key players investing in research and development to introduce new and innovative products and expanding their market presence through acquisitions and partnerships. For instance, in April 2021, Arctic Cat announced the launch of Alterra 600 EPS four-wheeler available to farmers, which equipped with new drivetrain, chassis, and engine for more power, and was designed to be easier for service.
The ATV and UTV market is segmented on the basis of vehicle type, displacement, power output, fuel type, end use, and region. By vehicle type, the market is bifurcated into ATV and UTV. By displacement, it is categorized into less than 400 cc, 400 - 800 cc, and more than 800 cc. By power output, it is classified into less than 50KW, 50kW to 100 KW, and above 100 KW. By fuel type, it is divided into gasoline powered, diesel powered, electric powered, and solar powered. By end use, it is segregated into agriculture, military, mountaineering, and others.
By region, the ATV and UTV market has been studied across North America, Europe, Asia-Pacific and LAMEA. Key players operating in the global ATV and UTV market are BRP Inc, CFmoto, Deere Company, Hisun Motors Corporation, Honda Motor Company, Ltd., Kawasaki Heavy Industries Ltd, Kwang Yang Motor Co., Ltd., Kubota Corporation, Polaris Industries, Inc., Suzuki Motor Corporation, Textron Inc, and Yamaha Motor Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ATV and UTV market analysis from 2021 to 2031 to identify the prevailing ATV and UTV market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ATV and UTV market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ATV and UTV market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Vehicle Type
By Displacement
- Less Than 400 CC
- 400 CC To 800 CC
- More Than 800 CC
By Power Output
- Less Than 50kW
- 50kW To 100 kW
- Above 100 kW
By Fuel Type
- Gasoline Powered
- Diesel Powered
- Electric Powered
- Solar Powered
By End Use
- Agriculture
- Military
- Mountaineering
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- BRP
- CFMOTO
- Deere & Company
- HISUN
- Honda Motor Co., Ltd.
- Kawasaki Heavy Industries
- KUBOTA Corporation.
- KWANG YANG MOTOR CO., LTD.
- POLARIS INDUSTRIES, INC.
- SUZUKI MOTOR CORPORATION
- Textron Inc.
- Yamaha Motor Co Ltd
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in demand for ATV & UTV in military activities
- 3.4.1.2. Government rules to support driving ATVs & UTVs on road
- 3.4.1.3. Increase in trend of recreational activities & adventure sports
- 3.4.2. Restraints
- 3.4.2.1. Ban on ATV & UTV driving in wildlife area due to terrain damage
- 3.4.2.2. High maintenance cost of ATVs & UTVs
- 3.4.3. Opportunities
- 3.4.3.1. Production of safer ATVs & UTVs
- 3.4.3.2. Development of electric vehicles
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ATV AND UTV MARKET, BY VEHICLE TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. ATV
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. UTV
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: ATV AND UTV MARKET, BY DISPLACEMENT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Less Than 400 CC
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. 400 CC To 800 CC
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. More Than 800 CC
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: ATV AND UTV MARKET, BY POWER OUTPUT
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Less Than 50kW
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. 50kW To 100 kW
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Above 100 kW
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: ATV AND UTV MARKET, BY FUEL TYPE
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Gasoline Powered
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Diesel Powered
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Electric Powered
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Solar Powered
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
CHAPTER 8: ATV AND UTV MARKET, BY END USE
- 8.1. Overview
- 8.1.1. Market size and forecast
- 8.2. Agriculture
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
- 8.3. Military
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
- 8.4. Mountaineering
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
- 8.5. Others
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
CHAPTER 9: ATV AND UTV MARKET, BY REGION
- 9.1. Overview
- 9.1.1. Market size and forecast By Region
- 9.2. North America
- 9.2.1. Key trends and opportunities
- 9.2.2. Market size and forecast, by Vehicle Type
- 9.2.3. Market size and forecast, by Displacement
- 9.2.4. Market size and forecast, by Power Output
- 9.2.5. Market size and forecast, by Fuel Type
- 9.2.6. Market size and forecast, by End Use
- 9.2.7. Market size and forecast, by country
- 9.2.7.1. U.S.
- 9.2.7.1.1. Key market trends, growth factors and opportunities
- 9.2.7.1.2. Market size and forecast, by Vehicle Type
- 9.2.7.1.3. Market size and forecast, by Displacement
- 9.2.7.1.4. Market size and forecast, by Power Output
- 9.2.7.1.5. Market size and forecast, by Fuel Type
- 9.2.7.1.6. Market size and forecast, by End Use
- 9.2.7.2. Canada
- 9.2.7.2.1. Key market trends, growth factors and opportunities
- 9.2.7.2.2. Market size and forecast, by Vehicle Type
- 9.2.7.2.3. Market size and forecast, by Displacement
- 9.2.7.2.4. Market size and forecast, by Power Output
- 9.2.7.2.5. Market size and forecast, by Fuel Type
- 9.2.7.2.6. Market size and forecast, by End Use
- 9.2.7.3. Mexico
- 9.2.7.3.1. Key market trends, growth factors and opportunities
- 9.2.7.3.2. Market size and forecast, by Vehicle Type
- 9.2.7.3.3. Market size and forecast, by Displacement
- 9.2.7.3.4. Market size and forecast, by Power Output
- 9.2.7.3.5. Market size and forecast, by Fuel Type
- 9.2.7.3.6. Market size and forecast, by End Use
- 9.3. Europe
- 9.3.1. Key trends and opportunities
- 9.3.2. Market size and forecast, by Vehicle Type
- 9.3.3. Market size and forecast, by Displacement
- 9.3.4. Market size and forecast, by Power Output
- 9.3.5. Market size and forecast, by Fuel Type
- 9.3.6. Market size and forecast, by End Use
- 9.3.7. Market size and forecast, by country
- 9.3.7.1. UK
- 9.3.7.1.1. Key market trends, growth factors and opportunities
- 9.3.7.1.2. Market size and forecast, by Vehicle Type
- 9.3.7.1.3. Market size and forecast, by Displacement
- 9.3.7.1.4. Market size and forecast, by Power Output
- 9.3.7.1.5. Market size and forecast, by Fuel Type
- 9.3.7.1.6. Market size and forecast, by End Use
- 9.3.7.2. Germany
- 9.3.7.2.1. Key market trends, growth factors and opportunities
- 9.3.7.2.2. Market size and forecast, by Vehicle Type
- 9.3.7.2.3. Market size and forecast, by Displacement
- 9.3.7.2.4. Market size and forecast, by Power Output
- 9.3.7.2.5. Market size and forecast, by Fuel Type
- 9.3.7.2.6. Market size and forecast, by End Use
- 9.3.7.3. France
- 9.3.7.3.1. Key market trends, growth factors and opportunities
- 9.3.7.3.2. Market size and forecast, by Vehicle Type
- 9.3.7.3.3. Market size and forecast, by Displacement
- 9.3.7.3.4. Market size and forecast, by Power Output
- 9.3.7.3.5. Market size and forecast, by Fuel Type
- 9.3.7.3.6. Market size and forecast, by End Use
- 9.3.7.4. Italy
- 9.3.7.4.1. Key market trends, growth factors and opportunities
- 9.3.7.4.2. Market size and forecast, by Vehicle Type
- 9.3.7.4.3. Market size and forecast, by Displacement
- 9.3.7.4.4. Market size and forecast, by Power Output
- 9.3.7.4.5. Market size and forecast, by Fuel Type
- 9.3.7.4.6. Market size and forecast, by End Use
- 9.3.7.5. Rest of Europe
- 9.3.7.5.1. Key market trends, growth factors and opportunities
- 9.3.7.5.2. Market size and forecast, by Vehicle Type
- 9.3.7.5.3. Market size and forecast, by Displacement
- 9.3.7.5.4. Market size and forecast, by Power Output
- 9.3.7.5.5. Market size and forecast, by Fuel Type
- 9.3.7.5.6. Market size and forecast, by End Use
- 9.4. Asia-Pacific
- 9.4.1. Key trends and opportunities
- 9.4.2. Market size and forecast, by Vehicle Type
- 9.4.3. Market size and forecast, by Displacement
- 9.4.4. Market size and forecast, by Power Output
- 9.4.5. Market size and forecast, by Fuel Type
- 9.4.6. Market size and forecast, by End Use
- 9.4.7. Market size and forecast, by country
- 9.4.7.1. China
- 9.4.7.1.1. Key market trends, growth factors and opportunities
- 9.4.7.1.2. Market size and forecast, by Vehicle Type
- 9.4.7.1.3. Market size and forecast, by Displacement
- 9.4.7.1.4. Market size and forecast, by Power Output
- 9.4.7.1.5. Market size and forecast, by Fuel Type
- 9.4.7.1.6. Market size and forecast, by End Use
- 9.4.7.2. Japan
- 9.4.7.2.1. Key market trends, growth factors and opportunities
- 9.4.7.2.2. Market size and forecast, by Vehicle Type
- 9.4.7.2.3. Market size and forecast, by Displacement
- 9.4.7.2.4. Market size and forecast, by Power Output
- 9.4.7.2.5. Market size and forecast, by Fuel Type
- 9.4.7.2.6. Market size and forecast, by End Use
- 9.4.7.3. India
- 9.4.7.3.1. Key market trends, growth factors and opportunities
- 9.4.7.3.2. Market size and forecast, by Vehicle Type
- 9.4.7.3.3. Market size and forecast, by Displacement
- 9.4.7.3.4. Market size and forecast, by Power Output
- 9.4.7.3.5. Market size and forecast, by Fuel Type
- 9.4.7.3.6. Market size and forecast, by End Use
- 9.4.7.4. South Korea
- 9.4.7.4.1. Key market trends, growth factors and opportunities
- 9.4.7.4.2. Market size and forecast, by Vehicle Type
- 9.4.7.4.3. Market size and forecast, by Displacement
- 9.4.7.4.4. Market size and forecast, by Power Output
- 9.4.7.4.5. Market size and forecast, by Fuel Type
- 9.4.7.4.6. Market size and forecast, by End Use
- 9.4.7.5. Rest of Asia-Pacific
- 9.4.7.5.1. Key market trends, growth factors and opportunities
- 9.4.7.5.2. Market size and forecast, by Vehicle Type
- 9.4.7.5.3. Market size and forecast, by Displacement
- 9.4.7.5.4. Market size and forecast, by Power Output
- 9.4.7.5.5. Market size and forecast, by Fuel Type
- 9.4.7.5.6. Market size and forecast, by End Use
- 9.5. LAMEA
- 9.5.1. Key trends and opportunities
- 9.5.2. Market size and forecast, by Vehicle Type
- 9.5.3. Market size and forecast, by Displacement
- 9.5.4. Market size and forecast, by Power Output
- 9.5.5. Market size and forecast, by Fuel Type
- 9.5.6. Market size and forecast, by End Use
- 9.5.7. Market size and forecast, by country
- 9.5.7.1. Latin America
- 9.5.7.1.1. Key market trends, growth factors and opportunities
- 9.5.7.1.2. Market size and forecast, by Vehicle Type
- 9.5.7.1.3. Market size and forecast, by Displacement
- 9.5.7.1.4. Market size and forecast, by Power Output
- 9.5.7.1.5. Market size and forecast, by Fuel Type
- 9.5.7.1.6. Market size and forecast, by End Use
- 9.5.7.2. Middle East
- 9.5.7.2.1. Key market trends, growth factors and opportunities
- 9.5.7.2.2. Market size and forecast, by Vehicle Type
- 9.5.7.2.3. Market size and forecast, by Displacement
- 9.5.7.2.4. Market size and forecast, by Power Output
- 9.5.7.2.5. Market size and forecast, by Fuel Type
- 9.5.7.2.6. Market size and forecast, by End Use
- 9.5.7.3. Africa
- 9.5.7.3.1. Key market trends, growth factors and opportunities
- 9.5.7.3.2. Market size and forecast, by Vehicle Type
- 9.5.7.3.3. Market size and forecast, by Displacement
- 9.5.7.3.4. Market size and forecast, by Power Output
- 9.5.7.3.5. Market size and forecast, by Fuel Type
- 9.5.7.3.6. Market size and forecast, by End Use
CHAPTER 10: COMPETITIVE LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Top player positioning, 2021
CHAPTER 11: COMPANY PROFILES
- 11.1. BRP
- 11.1.1. Company overview
- 11.1.2. Key Executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Business performance
- 11.1.7. Key strategic moves and developments
- 11.2. CFMOTO
- 11.2.1. Company overview
- 11.2.2. Key Executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Key strategic moves and developments
- 11.3. Deere & Company
- 11.3.1. Company overview
- 11.3.2. Key Executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Business performance
- 11.3.7. Key strategic moves and developments
- 11.4. HISUN
- 11.4.1. Company overview
- 11.4.2. Key Executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Key strategic moves and developments
- 11.5. Honda Motor Co., Ltd.
- 11.5.1. Company overview
- 11.5.2. Key Executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
- 11.5.6. Business performance
- 11.5.7. Key strategic moves and developments
- 11.6. Kawasaki Heavy Industries
- 11.6.1. Company overview
- 11.6.2. Key Executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.6.6. Business performance
- 11.6.7. Key strategic moves and developments
- 11.7. KUBOTA Corporation.
- 11.7.1. Company overview
- 11.7.2. Key Executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
- 11.7.6. Business performance
- 11.7.7. Key strategic moves and developments
- 11.8. KWANG YANG MOTOR CO., LTD.
- 11.8.1. Company overview
- 11.8.2. Key Executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.9. POLARIS INDUSTRIES, INC.
- 11.9.1. Company overview
- 11.9.2. Key Executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
- 11.9.6. Business performance
- 11.9.7. Key strategic moves and developments
- 11.10. SUZUKI MOTOR CORPORATION
- 11.10.1. Company overview
- 11.10.2. Key Executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
- 11.10.6. Business performance
- 11.10.7. Key strategic moves and developments
- 11.11. Textron Inc.
- 11.11.1. Company overview
- 11.11.2. Key Executives
- 11.11.3. Company snapshot
- 11.11.4. Operating business segments
- 11.11.5. Product portfolio
- 11.11.6. Business performance
- 11.11.7. Key strategic moves and developments
- 11.12. Yamaha Motor Co Ltd
- 11.12.1. Company overview
- 11.12.2. Key Executives
- 11.12.3. Company snapshot
- 11.12.4. Operating business segments
- 11.12.5. Product portfolio
- 11.12.6. Business performance
- 11.12.7. Key strategic moves and developments