Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2028

The Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global electric ATV and UTV market accounted for $450.91 million in 2020 and is expected to reach $3.20 billion by 2027. The market is anticipated to grow at a CAGR of 24.75% during the forecast period 2021 to 2027.

Get a Free Sample Copy of this Report (Flat 20% Discount):

https://www.marketinsightsreports.com/reports/04012764771/global-electric-all-terrain-vehicle-atv-and-utility-terrain-vehicle-utv-market-research-report-2021/inquiry?Source=Honda&Mode=nm128

Top Leading Companies of Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market are - CECTEK, CFmoto, DRR USA, Tesla, Arctic Cat, HiSun Motors, Honda Motor Co Ltd, American LandMaster, Nikola Corporation, Polaris Industries Inc, Club Car, Bombardier Recreational Products, Linhai, Segway Technology Co., Ltd, Massimo Motor Sports, LLC, Intimidator, and others.

Industry News and Updates:

In August 2020, for 2021, Polaris unveiled the all-new Sportsman 450 H.O. and Sportsman 570, elevating its already industry-leading ATV offering. Polaris started with the iconic Sportsman features that riders know and love and advanced them even further, raising the bar yet again. This new generation Sportsman is the smoothest, strongest, and most versatile value ATV – the perfect choice for riders of all experiences and skill levels

In January 2019, Textron Specialized Vehicles Inc., a Textron Inc. (NYSE: TXT) company, announced the launch of its Hauler 800 ELiTE electric utility vehicle, powered by Samsung SDI lithium technology. Capitalizing on the proven technology of E-Z-GO ELiTE vehicles, launched in 2017, the Hauler 800 ELiTE offers zero-maintenance batteries with increased range and energy efficiency.

In June 2018, BRP achieved a critical milestone with its 2019 range of Can-Am ATVs and SSVs. It has brought its renowned performance, functionality, and capability, together with the Anti-Lock Brake System (ABS) technology. Enhancements have been made across the entire 2019 range, which now includes an entire range of Can-Am SSV models featuring the ABS technology. These vehicles are available in dealerships.

In January 2018, Honda introduced the autonomous 3E-D18 ATV that can be used as a workhorse by construction crews, farmers, search and rescue teams, adventurers, etc., or adventurers who just need a little help lugging their gear into the wilderness. The electric 4x4 is powered by swappable batteries and fitted with a rack system where all sorts of equipment can be mounted. Honda envisions it can be used for spreading fertilizers, plowing snow, fighting forest fires, and even picking crops, with its non-pneumatic “airless” tires mean making it’s virtually flat-proof. Fitted with GPS and a guidance system, it can be summoned and deployed via an app on a smart device.

In May 2018, Suzuki introduced the MY19 KingQuad 750AXi Power Steering in a new KingQuad ATV. The new edgy and dynamic bodywork surrounds an impressive list of updates to the mighty KingQuad including revisions to the fuel-injected engine and the Quadmatic™ transmission that help the KingQuad take-off from a standstill, stronger and smoother than ever before. The updated stronger frame helps the KingQuad 750AXi tackle any riding terrain while being able to help with any chore with a boosted 600kg towing capacity.

Regional Analysis:

North America is projected to hold the largest market share during the forecast period. Factors such as high demand for ATV, upcoming electric vehicle projects, high disposable income of individuals, scope for new and advanced technologies, developed economy, and government regulations regarding ATV designs have triggered the demand for all-terrain vehicles in the region. According to industry insights, the US accounts for the largest share of the all-terrain vehicle market owing to high demand in applications such as military, agriculture, sports, entertainment, hunting, forestry, mining, and construction activities. As the demand for ATVs continues to increase, the US is expected to remain the largest all-terrain vehicle market in the region.

On The Basis of Types:

All-Terrain Vehicle

Utility-Terrain Vehicle

On The Basis of End Users/Applications:

Professional Sports

Recreational

Agriculture and Utility

Military and Defense

Others

Some of the key questions answered in this report:

What is the rate of market growth, growth momentum or acceleration market at the time of forecasting?

What are the key factors that drive the Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market?

What was the size of the emerging Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market by price in 2021?

What will be the size of the emerging Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market in 2026?

Which region is expected to hold the highest market share in the Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) industry?

What trends, challenges and barriers will affect the development and size of the Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market?

What is sales volume, revenue, and value analysis of top Key competitors of Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market?

What are the Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market opportunities and threats faced by the vendors in the global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Industry?

Browse Full Report at:

https://www.marketinsightsreports.com/reports/04012764771/global-electric-all-terrain-vehicle-atv-and-utility-terrain-vehicle-utv-market-research-report-2021?Source=Honda&Mode=nm128

What Are the Market Factors That Are Explained in The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

We Offer Customization on Report Based on Specific Client Requirement:

- Free Country Level analysis for any 5 countries of your choice.

- Free Competitive analysis of any 5 key market players.

- Free 40 analyst hours to cover any other data point.

- Free 15% customization equal to 60 analyst hours.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

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.

This release was published on openPR.