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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
ATV and UTV Market Analysis
Based on type, the market is segmented into UTV and ATV. On the basis of displacement, the ATV and UTV market segmentation includes less than 400 CC, 400-800 CC, and more than 800 CC.
The market, based on fuel type, is classified into gasoline powered, diesel powered, electric powered, and solar powered. By end use, the market is divided into agriculture, military, and sports, among others. The major regional markets for ATV and UTV include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global ATV and UTV market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Yamaha Motor Co., Ltd.
- Honda Motor Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- Suzuki Motor Corp.
- Arctic Cat Inc.
- Polaris Inc.
- Bombardier Recreational Products Inc.
- Deere & Company
- HISUN Motors Corporation
- Zhejiang Cfmoto Power Co., Ltd.
- Others
ATV and UTV Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 11.79 billion.
The market is assessed to grow at a CAGR of 6.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 20.33 billion by 2032.
The major market drivers are the growing demand for environmentally friendly vehicles, the surging launches of electric ATVs and UTVs, and technological advancements.
The increasing attempts by key players to develop autonomous ATVs and UTVs and the rising usage of off-road vehicles in agricultural activities are the key trends aiding the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end uses of the vehicles are agriculture, military, and sports, among others.
The major players in the market are Yamaha Motor Co., Ltd., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Suzuki Motor Corp., Arctic Cat Inc., Polaris Inc., Bombardier Recreational Products Inc., Deere & Company, HISUN Motors Corporation, and Zhejiang Cfmoto Power Co., Ltd., among others.
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