The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period. 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.
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 – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Vehicle Type
- By Propulsion Type
- By End-User
- By Drivetrain type
- By Engine Size
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Arctic Cat, Honda Motor Co., Ltd., Kawasaki Motors Corp., Polaris Inc., and Yamaha Motor Co., Ltd.
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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)
ATV & UTV Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
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