All Terrain Utility Vehicles Market Analysis and Growth During Lockdown by Top Players in 2021- HiSun Motors, Honda Motor, John Deere, Kawasaki Motors, KYMCO, Linhai, Suzuki Motor

The Latest report about the All Terrain Utility Vehicles market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the All Terrain Utility Vehicles market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Arctic Cat, Can-Am, Polaris Industries, Yamaha, Cectek, CF Moto, HiSun Motors, Honda Motor, John Deere, Kawasaki Motors, KYMCO, Linhai, Suzuki Motor, Taiwan Golden Bee (TGB)

All Terrain Utility Vehicles Market size exceeded USD 3 billion in 2020 and is expected to grow at over 7% CAGR between 2021 and 2027.

News and Updates

Off-road oriented SUVs launching in Oct 2020: Mahindra Thar, LR Defender, MG Gloster and more- SUVs have gained a prime spot of place in a buyer’s wishlist. The high seating position, ground clearance as well as road presence is what helps many make their minds. Needless to say, SUVs these days have as many creature comforts like any other sedan or limousine. Things aren’t any different in the Indian market. So much so that manufacturers have also started bringing in new SUVs where hatchbacks used to exist. Yes, we are referring to the Kwids and S-Pressos. The month of October 2020 looks to be a whammy of sorts for these kind of customers as a lot of manufacturers have confirmed their SUV launches. So, if you’ve been holding on to those money pockets, then its time now to loosen them up. Here are the SUV launches headed your way this October 2020.

Kandi America Introduces the K32 Luxury Off-road Electric UTV- the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today introduced its first off-road all-electric dual motor 4-wheel drive UTV, the K32.

ISUZU launches MU-7 Sports Utility Vehicle with Automatic Transmission (AT)- Isuzu Motors India today launched the MU-7 Automatic Transmission (AT) variant. The Automatic Transmission variant comes along with more refinements. The interiors sport a 2 tone (Beige/Black) dashboard and a stylish 3 spoke steering wheel mounted with audio controls. The MU-7 Automatic Transmission variant comes at a price of Rs. 23.90 lakhs (ex-showroom, Delhi).

Market Overview

AWD is projected to be the fastest-growing segment of the all-terrain vehicle market. In AWD ATVs, the engine’s power is divided among all the wheels of an ATV. AWD ATVs are designed for the active safety of riders, offering them twice the grip. In a tricky situation where the path is slippery and immediate adhesive friction is required to move safely into a merging terrain, AWDs come to the fore. All the wheels get engaged and deliver the required level of traction to negotiate the path or terrain safely. Increasing ATV production and the rising focus on safety features will drive the market for AWD ATVs in the near future.

Increasing number of off-road accidents and fatalities may restrict the all-terrain vehicle market growth. Factors including violation of rules & regulations, ignorance toward precautionary measures such as wearing protective gears while riding, and underage driving can lead to accidents. According to the market data reported by the Australian Competition and Consumer Commission (ACCC), the number of ATV fatalities doubled in 2020 compared to the previous year. In the first two quarters of 2020, 14 deaths including three children associated with all-terrain vehicles were reported compared to eight deaths in 2019.

The ATV market was negatively impacted during the first six months of the COVID-19 pandemic spread. The global lockdown and travel restrictions imposed by government authorities led to a rapid decline in motorsports and recreational activities during the first two quarters of 2020. However, from the third quarter of 2020, the ATV industry witnessed a swift growth in unit shipments of ATVs led by the shift in preference for sports activities among consumers. The market statistics gradually gained momentum with the lifting of lockdown and rising inclination toward outdoor sports & recreational activities.

All Terrain Utility Vehicles Market Segmentation:

Breakdown Data by Type

Sports All-Terrain Vehicle

Utility All-Terrain Vehicle

Youth All-Terrain Vehicle

All Terrain Utility Vehicles Breakdown Data by Application

Military and Defense

Sports

Entertainment

Agriculture

Forestry

Others

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global All Terrain Utility Vehicles market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the All Terrain Utility Vehicles industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

All Terrain Utility Vehicles market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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All Terrain Utility Vehicles Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the All Terrain Utility Vehicles market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the All Terrain Utility Vehicles market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the All Terrain Utility Vehicles Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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