openPR Logo
Press release

The Global ATV and UTV Market to Advance at 6.65% of CAGR by 2028

12-05-2022 01:57 PM CET | Industry, Real Estate & Construction

Press release from: Triton Market Research

ATV and UTV Market

ATV and UTV Market

Triton Market Research presents the Global ATV and UTV Market segmented by Fuel Type (Diesel-Powered, Solar-Powered, Gasoline-Powered, Electric-Powered), Vehicle Type (ATV, UTV), Displacement (400-800 (CC), ≤ 400 (CC), ≥ 800 (CC)), End-user (Recreational, Military & Defense, Sports, Agriculture & Utility, Other End-users), and by Geography (North America, Middle East and Africa, Europe, Latin America, Asia-Pacific). It further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter's Five Forces Analysis, Key Buying Impact Analysis, Market Attractiveness Matrix, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Based on Triton's research, the global ATV and UTV market is estimated to grow at a CAGR of 6.65% over the forecast period 2022-2028.

Request Free Sample Report:

ATVs are installed with low-pressure tires and handles used primarily in military and sports activities. Whereas utility terrain vehicles are useful to carry out general tasks, including farming activities.

There has been a surge in ATV and UTV vehicles accidents. As a result, several market players are launching more safe quad bikes integrated with advanced features, such as GPS. Yamaha, for instance, announced the launch of its off-road recreational sport ATV with GPS capabilities. Thus, the increase in safer ATVs and UTVs production are expected to create new opportunities for the studied market.

Conversely, driving bans in wildlife locations and high maintenance prices are negatively impacting the ATV and UTV market.

Globally, the Asia-Pacific is expected to become the fastest-growing region in the ATV and UTV market. In China, the growing adoption of these quad bikes is mainly in the defense sector. In this regard, several leading defense companies are launching new versions of ATVs for defense forces.

Moreover, with the domestic market development, the demand for ATVs is estimated to grow tremendously over the forecasted period. Hence, these factors indicate the robust growth of the ATV and UTV market in the region.

Purchase our report:

The major firms in the ATV and UTV market are Yamaha Motor Co Ltd, Textron Inc, Kwang Yang Motor Co Ltd, Hisun, Honda Motor Company, Kawasaki Heavy Industries, BRP Inc, Polaris Industries Inc, Deere and Company, Kubota Corporation, CFmoto, and Suzuki Motors Corporation.

There is a high investment required to set up manufacturing facilities and distribution networks, which restricts the entry of new players. Besides, some governments have imposed high import costs on ATVs and UTVs. Additionally, many companies aim to expand globally, offering cost-effective vehicles. These factors indicated that the threat of new entrants would be low, while competition among existing players is estimated to be high.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Global ATV and UTV Market to Advance at 6.65% of CAGR by 2028 here

News-ID: 2834809 • Views:

More Releases from Triton Market Research

Asia-Pacific Dermatology Devices Market Forecast 2023-2030: Trends and Growth Analysis
Asia-Pacific Dermatology Devices Market Forecast 2023-2030: Trends and Growth An …
The Asia-Pacific Dermatology Devices Market is experiencing significant growth, driven by increasing awareness and prevalence of skin disorders. Countries within this market include China, Japan, South Korea, India, Australia & New Zealand, ASEAN countries, and the Rest of Asia-Pacific. According to a research report by Triton, the market is expected to grow at a compound annual growth rate (CAGR) of 13.36% from 2023 to 2030. Read the Market Summary Here:
Future Insights: Middle East and Africa Dermatology Devices Market Forecast 2023-2030
Future Insights: Middle East and Africa Dermatology Devices Market Forecast 2023 …
The MIDDLE EAST AND AFRICA DERMATOLOGY DEVICES MARKET is poised for substantial growth, driven by the rising prevalence of skin disorders and increasing demand for advanced dermatological treatments. The market includes countries such as the United Arab Emirates, Saudi Arabia, Turkey, South Africa, and the Rest of the Middle East & Africa. According to Triton's research report, the dermatology devices market in this region is expected to advance at a
Expanding Scope of the Global Membranes Market in 2024-2032
Expanding Scope of the Global Membranes Market in 2024-2032
According to Triton's research report, the global membranes market generated $XX million in 2023 and is expected to generate a CAGR of 6.74% in revenue over the forecasting years 2024-2032. A recent study by Triton Market Research titled Global Membranes Market includes the Global Analysis and Forecasts by Material (Polymeric, Ceramic, Other Materials), Technology(Reverse Osmosis (RO), Nanofiltration (NF), Ultrafiltration (UF), Microfiltration (MF), Other Technologies), End-User (Utilities, Commercial, Industrial, Residential, Other End-Users),
Europe Synthetic Leather Market Size & Forecast to 2030
Europe Synthetic Leather Market Size & Forecast to 2030
Triton Market Research states that the Europe Synthetic Leather Market is poised for significant expansion, with an anticipated compound annual growth rate (CAGR) of 7.23% in revenue from 2023 to 2030. Read the Market Summary Here: This growth is driven by increasing consumer preference for cruelty-free and sustainable alternatives to genuine leather, as well as advancements in synthetic leather technology. Countries leading this market include Spain, Italy, France, Germany, the

All 5 Releases

More Releases for ATV

ATV and UTV Market: UTV segment to lead in terms of revenue, ATV to grow the fas …
Increase in trend of power sports and outdoor recreational activities, extensive use of ATV and UTV in military activities, and government rules in favor of driving ATVs and UTVs on roads drive the market growth. However, ban on ATV and UTV driving in wildlife areas due to terrain damage and high maintenance cost of ATVs and UTVs restrain the growth of the market. Conversely, production of safer ATVs and UTVs
Sports ATV Equipment Global Market 2019-2025
Press Release – 21 Jan 2019 Research and Development News -- . . Latest Update "Global Sports ATV Equipment Market Insights, Forecast to 2025" with Industries Survey | Global Current Growth and Future. ' ' An all-terrain vehicle (ATV), also known as a quad, quad bike, three-wheeler, four-wheeler or quadricycle as defined by the American National Standards Institute (ANSI) is a vehicle that travels on low-pressure tires, with a seat that is straddled by
All-Terrain Vehicle (ATV) Market Report 2018: Segmentation by Product (Sport ATV …
Global All-Terrain Vehicle (ATV) market research report provides company profile for Arctic Cat, Bombardier Recreational Products, CECTEK, CFmoto, Honda Motors, Kawasaki Motors Corporation, HiSun Motors, John Deere, KYMCO, Linhai, Suzuki Motor Corporation, Polaris Industries and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,
Forecast and Analysis on ATV Market by
MarketResearchReports.Biz adds “Global ATV Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the ATV market and the growth estimates for the forecasted period. All-Terrain Vehicle (ATV) means a motorized vehicle, propelled by an engine, intended primarily to travel on unpaved surfaces on three- four- wheels or more wheels with low-pressure tires, having a seat designed to be straddled by
ATV Market 2018 Analysis & Forecasts to 2023 Add New Global ATV Market by Manufacturers, Countries, Type and Application, Forecast to 2023 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 153 pages with table and figures in it. All-Terrain Vehicle (ATV) market means a motorized vehicle, propelled by an engine, intended primarily to travel on unpaved surfaces on three- four- wheels or more wheels with
Global ATV Market Professional Survey Report 2016
MarketResearchReports.Biz presents this most up-to-date research on "Global ATV Market Professional Survey Report 2016" Description View Full Report at: This report mainly covers the following Product types including Sport ATV Utility ATV Other ATV Segment regions including (the separated region report can also be offered) North America Europe Japan China Southeast Asia India The players list (Partly, Players you are interested in can also be added) Polaris Kawasaki Yamaha Arctic Cat Honda BRP Suzuki KYMCO TGB Cectek HISUN CFMOTO XY FORCE LINHAI Feishen Group ShuoPu With 16 top producers. Data including (both global and regions): Market Size (both volume -