GLOBAL ATV AND UTV MARKET FORECAST 2019-2027

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GLOBAL ATV AND UTV MARKET FORECAST 2019-2027

Global ATV and UTV market deals in various segments depending as per the customer demand for the recreational use of the vehicle in sports, farming, mountaineering, military, etc. The outdoor explorers and adventure seekers are the extensive users of these vehicles and capturing the widest share of the total market in 2018. The global ATV and UTV Market are anticipated to grow from $ XX million in 2018 to $14560 million by 2027, at a CAGR of 7.15 % between 2019 and 2027.

GLOBAL ATV AND UTV MARKET FORECAST 2019-2027

Global Atv and Utv Market by Vehicle Type (Atv (All-terrain Vehicle), Utv (Utility Task Vehicle)) by Displacement (≤ 400 (Cc), 400-800 (Cc), ≥ 800 (Cc)) by Fueling Type (Gasoline Powered, Diesel Powered, Electric Powered, Solar Powered) by Application (Utility, Sports, Others) by End-user (Agriculture, Military, Mountaineering, Others) by  Geography.

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Global ATV and UTV market deals in various segments depending as per the customer demand for the recreational use of the vehicle in sports, farming, mountaineering, military, etc. The outdoor explorers and adventure seekers are the extensive users of these vehicles and capturing the widest share of the total market in 2018. The global ATV and UTV Market are anticipated to grow from $ XX million in 2018 to $14560 million by 2027, at a CAGR of 7.15 % between 2019 to 2027. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027. The key factors that are responsible for the market advancement are:

  • Growth in sports enthusiasm
  • Worldwide deployment in military services
  • Agriculture and farming industries implementations

The most important driver for the market development has been the growth in sports enthusiasm, since the inception of the all-terrain vehicle and respective utility task vehicle always have attracted the youth and enthusiast from the globe. ATV and UTV demand have increased over the years because of high inclination toward sports, recreation and tourism activities. The increasing trend of adventure sports and sports activities has increased the demand for these vehicles. The growing consumer income and improving the standard of living have boosted market growth. Other market factors supporting the growth include technological advancements in various fields, increasing applications in sports, mountaineering, defense and agriculture, and supportive government initiatives.

The largest and fastest growing segment by end-user as of 2018 is that of the mountaineering segment, which is covering up around 58.37 % of the market. An off-road vehicle is defined by its use in wild terrain and uneven surface activity, it is known for its handling in dirt or muddy tracks, mountains track, trails on desert and some time for use on beaches. It can ride on terrains such as grassland sand, riverbeds, gravel, snow, rock, mud (dry or with shallow water), and other natural terrain – away from paved surfaces. Exactly where these ATV and UTV comes in action enabled with GPS guided system Extra horsepower which gives people extra power to reach the top of the hill. Kubota RTV, Kawasaki mule SX, Mule SX 4×4 FI, Yamaha Rhino, Yamaha YXZ and John Deer Gator, etc. are the few examples which provide mountaineering adventure sport ATV and UTV vehicle along with several other vehicles.

There are various events relating to mountain climbing activity are such as The 2019 Rocky Mountain Jamboree will be held September 16th through the 20th of February, 2019, February, 2019 Full Moon Bloody Skillet Hot Dog Cook-Out Ride. And there are several other mountaineering events which are being conducted in the world that is a delight for the sport enthusiast to take the thrill to a greater level. Apart from mountaineering in end-users.

Others segment is the fastest growing segment. Apart from using of ATV and UTV in agriculture, military and mountaineering, there are other use to maneuver the vehicle as per the need of operation is required. Cultivation, hauling mincing, patrolling, snow clearing and generally are being used as patrolling offshore and cantonment area or farms and carrying off the loads. Experiment and innovation are being done at every point in order to meet the diverse advantage of the vehicle. Like exploration of terrain vehicle are being modified.

According to official data by US government, ATV users have accounted for accidents up to 25 in number and out which majority of them were men. And the age ranges from 10 year – 82 years, who were directly hit from the ground or have resulted in more death than accidents. Only 1 death is reported due to drowning. Among all the Head injury is predominantly leading to the cause of deaths. Although some government agencies have adopted their own rules and regulations for recreational vehicle, these are not uniform across agencies. Also, existing standards and regulations commonly are based on motor vehicle-related standards without regard to the unique characteristics of recreational vehicle.

The global ATV and UTV market include segmentations on the basis of vehicle type, displacement, fueling type, application type and end-users.

Vehicle Type is sub-segmented into:

  • ATV( All-Terrain Vehicle)
  • UTV ( Utility Task Vehicle)

Displacement is sub-segmented into:

  • ≤ 400 (CC)
  • 400 (CC) – 800 (CC)
  • ≥ 800 (CC)

Fueling Type is sub-segmented into:

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

Application Type is sub-segmented into:

  • Utility
  • Sports
  • Others

End Users Type is sub-segmented into:

  • Agriculture
  • Military
  • Mountaineering
  • Others

Geographically, the global ATV and UTV market has been segmented on the basis of four major regions, which includes:

North America is the largest region which had capsized the market by 50.25% largest among all the other nation around the world as of 2018. North America market mainly includes countries such as the United States and Canada. The ATV and UTV vehicle are mainly used in mountain climbing, recreational sports, military purposes, and farming, etc. ATV and UTV vehicles been on the fashionable trend in North America on account of the rising sports events, farming usages, military deployment, and other purposes.

The demand for these recreation vehicles is too high in the Rest of World regional segment on account of the versatile use of these robust vehicles in other creational work as well as sports. Market in the Asia Pacific is showing great potential because of the presence of many economies showing greater impulse. Due to the presence of a different type of terrains and promotion of tourism industries in the different part of Asian countries and because robust nature of vehicle to handle different type of activities is boosting the growth of the Asia-Pacific ATV and UTV market. Factors such as an increase in trend of adventure sports and recreational farming activities, deployment of ATV and UTV in military roles, and government rules to support driving ATVs and UTVs on the road propel the growth of ATV and UTV market. Ban on ATV and UTV driving is also there in using it in wildlife area due to this terrain damage may change the behavior pattern of wildlife, and high maintenance cost of ATVs and UTVs is also a deciding factor which hinders the growth of the market.

The ATV and UTV vehicle market has been segmented into various parts depending upon the use of these vehicles and upon the customers need, for example the ATV is divided into three segments on the basis of engine capacity and displacements such as ≤ 400 (CC), 400 (CC) – 800 (CC), and ≥ 800 (CC) engines, this solely depends upon the users requirement whether the user wants to use it for the sports, farming, military deployment, winching, hauling or any other activities.

The major market players of the global ATV and UTV market are:

  • Polaris Industries Inc.
  • Deere & Company
  • Yamaha Motor Co., Ltd.
  • Arctic Cat, Inc.
  • Textron Inc.
  • Others

Company profiles covers the analysis of important players. These Companies are using the various method in order to incorporate the growth of the company as well as innovation and invention are being made in this sector. In January 2017, the company expanded its combine harvester plant in Thailand. In the same month, the company opened a new R&D facility in its Sakai Plant, Japan. Thus, the establishment of business across new geographies is expected to enhance the company’s top line and customer base. Kubota Corporation has planned to expand the combine harvester plant of its Thai manufacturing/sales subsidiary Siam Kubota Corp. Co. Ltd. With this capacity increased, Kubota wants to boost its combine harvester business in ASEAN countries. Polaris Industries Inc. frequently involves acquisitions.

For instance, in May 2018, the company signed a definitive agreement to acquire Boat Holdings, LLC. Boat Holdings, LLC is a manufacturer of a boat owned by the Balmoral Fund, Vogel family and management. Boat Holdings’ recognized brands include Godfrey, Bennington, Hurricane, and Rinker, which are positioned with around 200 base models. This initiative could epitomize its disciplined growth strategy to enter attractive markets where it can establish and extend the leadership position. It is also expected to expand Polaris’ footprint in the recreational outdoors market.

Key Findings of the global medical radiation detection and monitoring market:

  • The inclination toward power sports
  • End-user market has a much larger share over the sports segment
  • Modification, transformation, and innovation are the greatest trends in the ATV and UTV market segment
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • INCLINATION TOWARD POWER SPORTS
      • INCREASING GOVERNMENT SUPPORT
      • MODIFICATION IS THE KEY- TREND IN ATV AND UTV MARKET SEGMENT
  1. MARKET DYNAMICS
    • ETYMOLOGY OF ATV AND UTV
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWTH IN SPORTS ENTHUSIASM
      • DEPLOYMENT OF ATV AND UTV IN MILITARY SERVICES
      • WIDENING IMPLEMENTATIONS IN AGRICULTURE AND FARMING INDUSTRIES
    • MARKET RESTRAINTS
      • SAFETY CONCERNS REGARDING THE USE OF VEHICLES
      • HIGH COST OF MAINTENANCE OF ATV AND UTV
    • MARKET OPPORTUNITIES
      • MODIFICATION AND DIVERSIFICATION OF VEHICLE.
      • BUILDING SAFER VEHICLES
    • MARKET CHALLENGES
      • USE OF ATV AND UTV IS PROHIBITED IN WILDLIFE SURROUNDING AREAS
  1. MARKET BY VEHICLE TYPE
    • ATV (ALL-TERRAIN VEHICLE)
    • UTV (UTILITY TASK VEHICLE)
  2. MARKET BY DISPLACEMENT
    • ≤ 400 (CC)
    • 400-800 (CC)
    • ≥ 800 (CC)
  3. MARKET BY FUELING TYPE
    • GASOLINE POWERED
    • DIESEL POWERED
    • ELECTRIC POWERED
    • SOLAR POWERED
  4. MARKET BY APPLICATION
    • UTILITY
    • SPORTS
    • OTHERS
  5. MARKET BY END-USER
    • AGRICULTURE
    • MILITARY
    • MOUNTAINEERING
    • OTHERS
  6. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • MANEUVERABILITY
      • COST OF VEHICLE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  7. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • HONDA MOTOR CO., LTD.
    • BOBCAT CO.
    • BOMBARDIER INC.
    • ARCTIC CAT, INC.
    • CATERPILLAR INC.
    • TEXTRON INC.
    • POLARIS INDUSTRIES INC.
    • KUBOTA CORPORATION
    • KAWASAKI HEAVY INDUSTRIES, LTD.
    • SUZUKI MOTOR CORPORATION
    • DEERE & COMPANY
    • CUB CADET
    • YAMAHA MOTOR CO., LTD.
    • KIOTI
    • TOMCAR

LIST OF TABLES

TABLE 1.       GLOBAL ATV AND UTV MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2.       ESTIMATED DEATHS IN UNITED STATES BY STATE WISE BY UNITED STATE CONSUMER PRODUCT SAFETY COMMISSION.

TABLE 3.       GLOBAL ATV AND UTV MARKET, BY VEHICLE TYPE, 2019-2027, (IN $ MILLION)

TABLE 4.       GLOBAL ATV MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5.       GLOBAL UTV MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6.       GLOBAL ATV AND UTV MARKET, BY DISPLACEMENT, 2019-2027, (IN $ MILLION)

TABLE 7.       GLOBAL ≤ 400 (CC) MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8.       GLOBAL 400- 800 (CC) MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9.       GLOBAL ≥ 800 (CC) MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10.     GLOBAL ATV AND UTV MARKET, BY FUELING TYPE, 2019-2027, (IN $ MILLION)

TABLE 11.     GLOBAL GASOLINE POWERED MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12.     GLOBAL DIESEL POWERED MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13.     GLOBAL ELECTRIC POWERED MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14.     GLOBAL SOLAR POWERED MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15.     GLOBAL ATV AND UTV MARKET, BY APPLICATION 2019-2027, (IN $ MILLION)

TABLE 16.     GLOBAL UTILITY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17.     GLOBAL SPORTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18.     GLOBAL APPLICATION OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19.     GLOBAL ATV AND UTV MARKET, BY END USER 2019-2027, (IN $ MILLION)

TABLE 20.     GLOBAL AGRICULTURE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21.     GLOBAL MILITARY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 22.     GLOBAL MOUNTAINEERING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 23.     GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 24.     OPPORTUNITY MATRIX

TABLE 25.     VENDOR LANDSCAPE

TABLE 26.     LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 27.     GLOBAL ATV AND UTV MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 28.     NORTH AMERICA ATV AND UTV MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 29.     EUROPE ATV AND UTV MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 30.     ASIA PACIFIC ATV AND UTV MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 31.     REST OF WORLD ATV AND UTV MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1.     GLOBAL ATV AND UTV MARKET, BY TYPE, 2018 & 2027 (IN %)

FIGURE 2.     INCREASE IN USAGE OF ATV AND UTV YEAR WISE.

FIGURE 3.     GLOBAL ATV AND UTV MARKET, BY ATV, 2019-2027 (IN $ MILLION)

FIGURE 4.     GLOBAL ATV AND UTV MARKET, BY UTV, 2019-2027 (IN $ MILLION)

FIGURE 5.     GLOBAL ATV AND UTV MARKET, BY ≤ 400 (CC), 2019-2027 (IN $ MILLION)

FIGURE 6.     GLOBAL ATV AND UTV MARKET, BY 400-800 (CC), 2019-2027 (IN $ MILLION)

FIGURE 7.     GLOBAL ATV AND UTV MARKET, BY ≥ 800 (CC), 2019-2027 (IN $ MILLION)

FIGURE 8.     GLOBAL ATV AND UTV MARKET, BY GASOLINE POWERED, 2019-2027 (IN $ MILLION)

FIGURE 9.     GLOBAL ATV AND UTV MARKET, BY DIESEL POWERED, 2019-2027 (IN $ MILLION)

FIGURE 10.  GLOBAL ATV AND UTV MARKET, BY ELECTRIC POWERED, 2019-2027 (IN $ MILLION)

FIGURE 11.  GLOBAL ATV AND UTV MARKET, BY SOLAR POWERED, 2019-2027 (IN $ MILLION)

FIGURE 12.  GLOBAL ATV AND UTV MARKET, BY UTILITY, 2019-2027 (IN $ MILLION)

FIGURE 13.  GLOBAL ATV AND UTV MARKET, BY SPORTS, 2019-2027 (IN $ MILLION)

FIGURE 14.  GLOBAL ATV AND UTV MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 15.  GLOBAL ATV AND UTV MARKET, BY AGRICULTURE, 2019-2027 (IN $ MILLION)

FIGURE 16.  GLOBAL ATV AND UTV MARKET, BY MILITARY, 2019-2027 (IN $ MILLION)

FIGURE 17.  GLOBAL ATV AND UTV MARKET, BY MOUNTAINEERING, 2019-2027 (IN $ MILLION)

FIGURE 18.  GLOBAL ATV AND UTV MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 19.  PORTER’S FIVE FORCE ANALYSIS

FIGURE 20.  KEY BUYING IMPACT ANALYSIS

FIGURE 21.  VALUE CHAIN ANALYSIS

FIGURE 22.  GLOBAL ATV AND UTV MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 23.  UNITED STATES ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24.  CANADA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25.  UNITED KINGDOM ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26.  GERMANY ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27.  FRANCE ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28.  SPAIN ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29.  ITALY ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30.  RUSSIA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31.  REST OF EUROPE ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32.  CHINA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33.  JAPAN ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34.  INDIA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35.  SOUTH KOREA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36.  AUSTRALIA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37.  REST OF ASIA PACIFIC ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38.  LATIN AMERICA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39.  MIDDLE EAST & AFRICA ATV AND UTV MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY VEHICLE TYPE
    • ATV (ALL-TERRAIN VEHICLE)
    • UTV (UTILITY TASK VEHICLE)
  2. MARKET BY DISPLACEMENT
    • ≤ 400 (CC)
    • 400-800 (CC)
    • ≥ 800 (CC)
  3. MARKET BY FUELING TYPE
    • GASOLINE POWERED
    • DIESEL POWERED
    • ELECTRIC POWERED
    • SOLAR POWERED
  4. MARKET BY APPLICATION
    • UTILITY
    • SPORTS
    • OTHERS
  5. MARKET BY END-USER
    • AGRICULTURE
    • MILITARY
    • MOUNTAINEERING
    • OTHERS
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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