The Utility Vehicle market is anticipated to grow at a considerable CAGR of 10.3% during the forecast period (2022-2028). One of the core factors driving the market is the growing participation of the market players which has increased the competition in the market. In recent years, market players have been launching their new vehicles in the segment to stay in the competition, which has boosted the market significantly. The utility vehicles can be used for other works, and drive off-road which has increased the interest of consumers in recent years. It also gets equipped with advanced features such as ADAS, automotive braking, and more which also appeals to most young consumers.
Get Free Sample link @ https://www.omrglobal.com/request-sample/utility-vehicle-market
For instance, in October 2021, MG launched its another SUV, MG Astor. In India, MG has offered only SUVs such as Hector, ZS EV, Gloster, and Hector Plus. Moreover, in April 2021, Arctic Cat announced a new ATV, being part of its model year 2022 lineup, the new Alterra 600 EPS features an all-new drivetrain, engine, and chassis that offers increased power, easier servicing, and better handling.
A full report of Utility Vehicle Market available @ https://www.omrglobal.com/industry-reports/utility-vehicle-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Utility Vehicle Market Report Segment
By Vehicle Type
- Sport Utility Vehicle (SUV)
- Multi Utility Vehicle (MUV)
- Utility Terrain Vehicle (UTV)
By Propulsion Type
- Internal Combustion Engine (ICE)
- Electric
- Others (Hydrogen)
By Application
- Passenger Commute
- Industrial
- Agricultural
- Sports
Utility Vehicle Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Utility Vehicle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/utility-vehicle-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
