The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027). The rising inclination of youth towards the adventure sports & recreational activities is a key factor driving the growth of the global ATV & UTV market. This is due to the fact that ATV & UTV are highly being used in the adventures sports & recreational activities. Additionally, ATV and UTV riding are becoming more popular across the globe. During vacation time people are preferring to spendmore time outside, and in the meantime, more countries and townships across the globe are allowing people to ride off-road vehicles on roads. This boosts the growth of the ATV and UTV market, however an increase in the number of accidents with it may hamper its market growth.
A full report of ATV & UTV Market is available at: https://www.omrglobal.com/industry-reports/atv-and-utv-market
To increase the awareness regarding the safety of ATV & UTV riding in June 2021, the Wisconsin Department of Natural Resources (WDNR) offers funding to teach ATV and UTV Safety to the people. It is offering up to $297,000 in grants for organizations to recruit and train ATV and UTV safety instructors. The aim is to make off-road trails safer and to create new partnerships among ATV and UTV dealers, manufacturers, and the DNR. Therefore, the rising trend of adventure sports & recreational activities are driving global ATV & UTV market.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Vehicle Type
o By Propulsion Type
o By End-User
o By Drivetrain type
o By Engine Size
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Arctic Cat, Honda Motor Co., Ltd., Kawasaki Motors Corp., Polaris Inc., and Yamaha Motor Co., Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global ATV & UTV Market Report Segment
By Vehicle Type
- ATV
- UTV
By Propulsion Type
- Gasoline Powered
- Diesel Powered
- Electric Powered
By End-User
- Agriculture
- Construction
- Military
- Recreational
- Mountaineering
By Drivetrain Type
- Two-Wheel Drive
- Three-Wheel Drive
- All-Wheel Drive
By Engine Size
- Less than 400 CC
- 400 to 800 CC
- More than 800 CC)
Company Profiles
- American Landmaster
- Arctic Cat Inc.
- Asp Group Sro
- Automotive Energy Supply Corp.
- Bombardier Recreational Products Inc.
- Cectek
- Cfmoto
- Club Car, Llc
- Contemporary Amperex Technology Co., Ltd.
- Drr Usa
- Hisun Motors Corp.
- Hitachi Chemical Co., Ltd
- Honda Motor Co. Ltd.
- Johnson Controls International Plc
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
