The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027). The primary factors that are driving the global ATV and UTV market include the increasing trend of adventure sports and entertainment, the use of ATV and UTV in military operations, and government regulations to promote the development of the ATV and UTV industries. ATV and UTVs are getting popular over the years owing to the rising recreational activities. Tourism councils have started to integrate activities as trekking and hiking focused on ATV and UTV by building tracks to attract and hold tourists for a longer period of time in their countries. Annual championships are organized by plenty of countries, and this is gaining huge success as anyone able to drive ATV can compete in these championships. This rising trend of adventure sports draws visitors, and thus,is anticipated to augment the market growth of ATV and UTV over the forecast period.
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The COVID-19 outbreak has disrupted the supply chain of the global ATV & UTV industry. The travel and trade restrictions imposed by several governments across the globe has made negative impact on the demand for off-road vehicles. The decline in the demand for off-road vehicles during COVID-19 pandemic has reflected in the sales of ATV & UTV in 2020. However, with the becoming situation, the market is anticipated to grow steadily with the improvement of economic activities across the globe.
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- 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
- , and others
Market Segmentation
Global ATV & UTV Market by Vehicle Type
- ATV
- UTV
Global ATV & UTV Market by Propulsion Type
- Gasoline Powered
- Diesel Powered
- Electric Powered
Global ATV & UTV Market by End-User
- Agriculture
- Construction
- Military
- Recreational
- Mountaineering
Global ATV & UTV Market by Drivetrain Type
- Two-Wheel Drive
- Three-Wheel Drive
- All-Wheel Drive
Global ATV & UTV Market by Engine Size
- Less than 400 CC
- 400 to 800 CC
- More than 800 CC
Regional Analysis
- North America
- United States
- 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
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
- Lg Chem Ltd.
- Nikola Corp.
- Panasonic Corp.
- Polaris Industries Inc.
- Segway Technology Co., Ltd.
- Solvay Group
- Tesla, Inc.
- Toshiba Corp.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ATV & UTV market. Based on the availability of data, information related to pipeline products, 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.
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