0
2021
Atv And Utv Market

ATV and UTV Market

by Vehicle Type (ATV and UTV), Displacement (Less than 400 (CC), 400 - 800 (CC) and More than 800 (CC)), Fuel Type (Gasoline Powered, Diesel powered, Electric Powered and Solar Powered), Application (Utility, Sports and Others) and End User Vertical (Agriculture, Military, Mountaineering and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A04792
Pages: 328
Apr 2021 | 33262 Views
Author(s) : Akshay J, Akshay J , Sonia M
Tables: 168
Charts: 83
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Atv And Utv Market

Request Now !

ATV and UTV Market Statistics - 2027

The global ATV and UTV market was valued at $7.6 billion in 2017, and is projected to reach $11.95 billion by 2027, registering a CAGR of 6.7% from 2020 to 2027.  

The rapid spread of the virus had a significant impact on the global automotive industry, which, in turns, affects the ATV and UTV industry, with a downturn in the demand for vehicles. The impact of the current global economic conditions and market sentiment directly affects the business of key players. Perhaps the most immediate challenge for businesses in this sector during 2021 will involve evaluating the extent of the impact of the recent pandemic. Some manufacturers experienced short-term shutdowns during 2020 due to health-related emergencies. At the same time, the demand for these recreational products soared, creating sporadic inventory shortages.

An all-terrain vehicle (ATV) is a vehicle fitted with four low-pressure tires and handle bars. ATVs are known for their maneuverability & off-road capabilities and are applicable in military, survey, forestry, agriculture, sports, and others. These are handled quite differently and require training. These are usually used in off-road environments, but few regions permit the use of these vehicles on public roads as well. These have gained popularity over the past few years as they allow access to remote areas and provide a convenient way to carry supplies and equipment. They are also expected to replace animals that are used for transport. These vehicles are also used in military, marine, and Army's ground unit. 

ATV-and-UTV-Market,-2020-2027

COVID Impact Analysis: 

The rapid spread of the virus had a significant impact on the global automotive industry, which, in turns, affects the ATV and UTV market, with a downturn in the demand for vehicles. The impact of the current global economic conditions and market sentiment directly affects the business of key players. Perhaps the most immediate challenge for businesses in this sector during 2021 will involve evaluating the extent of the impact of the recent pandemic. Some manufacturers experienced short-term shutdowns during 2020 due to health-related emergencies. At the same time, the demand for these recreational products soared, creating sporadic inventory shortages

Factors such as increase in trend of adventure sports & recreational activities, adoption of ATV and UTV in military activities, and government rules to support driving ATVs and UTVs on road, propel the growth of the ATV and UTV market. However, ban on ATV and UTV driving in wildlife area due to terrain damage and high maintenance cost of ATVs and UTVs hinder the growth of the market. Furthermore, production of safer ATVs and UTVs is a remarkable future growth opportunity for the global ATV and UTV market

ATV and UTV Market
By Vehicle Type

Your browser does not support the canvas element.

ATV segment is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

The global ATV and UTV market is segmented based on vehicle type, displacement, fuel type, application, end user vertical, and region. Based on 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 fuel type, it is divided into gasoline powered, diesel powered, electric powered, and solar powered. Based on application, it is classified into utility, sports, and others. By end-user vertical, it is segregated into agriculture, military, mountaineering, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

ATV and UTV Market
By Displacement

Your browser does not support the canvas element.

Less than 400 (CC) segment is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

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.

ATV and UTV Market
By Fuel Typ

Your browser does not support the canvas element.

Electric Powered segment is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Increase in trend of adventure sports and recreational activities

In recent days, tourists are highly attracted to the trails of ATV and UTV along with related activities for recreational purposes. Many tourism councils are introducing ATV and UTV related activities by building tracks for these vehicles to attract and retain visitors. For instance, in May 2018, adventure event organizer, ATV Circuit, launched track to ride ATV in Noida, India. ATV Circuit offers a complete off-road experience with a track of 1.5 km for customized 4x4 all-terrain vehicles ranging from 80 cc to 350 cc. This is aimed to witness a positive trend toward adventure sports. Moreover, several countries are organizing yearly championships, which are gaining popularity at a remarkable rate as anyone capable of driving ATV can participate in the race. Therefore, increase in trend of such adventure sports attracts the tourists and propels the growth of the ATV and UTV market.

ATV and UTV Market
By Application

Your browser does not support the canvas element.

others segment is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Rise in demand for ATV and UTV in military activities

There is an increase in demand for ATV and UTV for military activities such as transportation of troops, driving on difficult terrain, and others. In addition, ATVs and UTVs are expected to witness substantial growth in the military segment, owing to superior mobility provided for tactical missions. Moreover, factors, such as high maneuverability, flexibility, and superior navigational aids to provide instant directions for vehicle operators, further foster the market growth. For instance, in May 2020, the U.S. Special Operations Command (USSOCOM) awarded $109 million seven-year contract to Polaris Government and Defense for the Polaris MRZR Alpha, a new Lightweight Tactical All-Terrain Vehicle (LTATV). Therefore, rise in demand for ATVs and UTVs from military troop drives the growth of the ATV and UTV market

ATV and UTV Market
By End User Vertical

Your browser does not support the canvas element.

Military segment is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

High maintenance cost of ATVs and UTVs

ATVs and UTVs are durable, but are prone to part breakage, part failure, overheating, and others. Both used and new vehicle show wear & tear over time, but aging ATVs and UTVs have completely different maintenance needs than that of new vehicles. Maintenance of new vehicle for a year is covered under one-year warranty by manufacturer, but replacement of broken part is not covered in this warranty. These vehicles are majorly used in uneven terrain, mountains, uphill, and others due to which parts of the vehicle are prone to damage. Regular maintenance of these vehicles for optimum performance is recommended due to the damage caused to ATVs and UTVs by driving on rough terrain. However, this maintenance is very expensive. Therefore, high maintenance cost of ATVs and UTVs is anticipated to hinder the growth of the ATV and UTV market.

ATV and UTV Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

LAMEA by region segment is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This study presents analytical depiction of the ATV and UTV market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall market potential is determined to understand profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current ATV and UTV market size is quantitatively analyzed from 2017 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the ATV and UTV industry.

Key Market Segments

By Vehicle Type

  • ATV
  • UTV

By Displacement

  • Less than 400 (CC)
  • 400 - 800 (CC)
  • More than 800 (CC)

By Fuel Type

  • Gasoline Powered
  • Diesel powered
  • Electric Powered
  • Solar Powered

By Application

  • Utility
  • Sports
  • Others

By End User Vertical

  • Agriculture
  • Military
  • Mountaineering
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • 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 Players

  • 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
  • Yamaha Motor Co., Ltd.
 

Loading Table Of Content...


 
 

According to the insights of the CXOs of leading companies, the ATV and UTV market is not slowing down for some UTV manufacturers. According to a recent survey conducted by the key players, the ATV and UTV market experienced weakness in the UTV segment due to decrease in sale of UTV. However, companies are focusing on growth in relationship with dealer network, thereby boosting the user experience.

Increase in trend of adventure sports and recreational activities, adoption of ATV and UTV in military activities, and government rules to support driving ATVs & UTVs on road propel the growth of the market. Ban on ATV & UTV driving in wildlife area due to terrain damage and high maintenance cost of ATVs and UTVs hinder the growth of the market. Further, production of safer ATVs and UTVs is expected to create numerous opportunities for the key players operating in the ATV and UTV market.

Among the analyzed regions, North America accounted for the highest revenue in the global market in 2019. However, LAMEA is expected to grow at a higher rate, predicting lucrative opportunities for key players operating in the ATV and UTV market.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global ATV and UTV market was valued at $118,447.00 thousand in 2019, and is projected to reach $409,994.20 thousand by 2027, registering a CAGR of 22.3% from 2020 to 2027.

A. Ban on ATV and UTV driving in wildlife area due to terrain damage and high maintenance cost of ATVs and UTVs have strong impact on the market

A. The report sample for global ATV and UTV market report can be obtained on demand from the website.

A. The impact of the current global economic conditions and market sentiment directly affects the business of key players. Although, many challenges lie ahead, the coronavirus could accelerate some beneficial trends. Some manufacturers experienced short-term shutdowns during 2020 due to health-related emergencies. At the same time, the demand for these recreational products soared, creating sporadic inventory shortages.

A. The key growth strategies adopted by the ATV and UTV industry players includes collaboration, product launch, agreement and partnership. These strategies opted by various industry players is leading to the growth of the ATV and UTVmarket as well as the players.

A. The company profiles of the top ten players of the ATV and UTV market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. North America region is leading the market presently in terms of revenue. However, LAMEA and Asia-Pacific region is expected to provide more business opportunities for the key players operating in the global ATV and UTV market.

A. By fuel type, electric powered segment is expacted to gain traction over the forecast period as well as domainate the market share in the global ATV and UTV market

A. Canada, Japan and Middle East has wirnessed as a key matured markets growing in the global ATV and UTV market

A. Increase in trend of adventure sports and recreational activities are presently trending in the global ATV and UTV market which is also driving the market.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Atv And Utv Market

Start reading instantly.
This Report and over 19,300+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers