openPR Logo
Press release

Electric ATV and UTV Market: Scope and Usage Forecast, 2024-2032

03-13-2024 10:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

ELECTRIC ATV AND UTV MARKET

ELECTRIC ATV AND UTV MARKET

According to Triton's research report, the global electric ATV and UTV market generated $XX million in 2023 and is expected to rise at a CAGR of 12.05% in revenue over the forecasting years 2024-2032.

A recent study by Triton Market Research titled the global electric ATV and UTV Market report is segmented by Vehicle Type (ATV, UTV), End-User (Agriculture & Utility, Recreational, Sports, Military & Defense, Other End-Users), Displacement 400-800(cc), (≤ 400 (cc), ≥ 800 (cc)), Propulsion (Battery Electric, Hybrid), Battery Capacity (Up To 48V, 48V To 72V, Above 72V), and Regional Outlook (North America, Europe, Middle East and Africa, Asia-Pacific, Latin America).

Read the Market Summary Here: https://www.tritonmarketresearch.com/reports/electric-atv-and-utv-market#report-overview?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR

Popularly recognized as 'quad', ATVs and UTVs are widely used for hiking trails. They also facilitate side-by-side riding, thereby allowing riding efficiency. The global electric ATV and UTV market is witnessing significant growth due to its riding capability in difficult terrains. They are designed with operator-straddled seats and steering wheel handlebars to climb a wider harsh terrain.

Triton's report predicts the global electric ATV and UTV market to witness a revenue growth rate of 12.05% during the forecasting years 2024-2032. The anticipated revenue will reach $XX million by 2030.

Request a Free Sample of the Global Electric ATV and UTV Market Report: https://www.tritonmarketresearch.com/reports/electric-atv-and-utv-market#request-free-sample

Cranked ATV engines raise animals' heart rates. In this way, electric quad bikes' low noise emissions reduce unwanted noise, improving the comfort of passing cars, pedestrians, and wildlife. Furthermore, electric ATVs and UTVs are becoming increasingly popular due to their low maintenance requirements. Stricter safety regulations, a growing desire for better driving experiences, and low ownership and maintenance costs are among the factors driving the examined market's growth.

Any flaw in an electric quad bike operator could be dangerous, as the safety of passengers and vehicles comes first. Similarly, huge batteries affect how well a vehicle operates, reducing the market for electric quad bikes. The lack of proper safety equipment while driving stops drivers from constantly checking their speed and navigation in an attempt to avoid collisions, stifling the growth of the electric ATV and UTV markets.

Here's a link to our Regional Reports Summary:
https://www.tritonmarketresearch.com/search-report/ELECTRIC+ATV+AND+UTV+MARKET

Globally, North America dominates the electric ATV and UTV market. Quad bikes have long been used in sports and leisure activities in this area. Electric ATV and UTV producers are currently creating vehicles to effectively perform military, climbing, agricultural, and gardening tasks thanks to technical advancements.

The major companies in the electric ATV and UTV market are Kawasaki Heavy Industries Ltd, Polaris Inc, Suzuki Motors Corporation, Textron Inc (Artic Cat), BRP Inc, Cfmoto, Deere and Company, Hisun Motors Corporation USA, Honda Motor Company Ltd, Yamaha Motor Co Ltd, and DRR USA.

Purchase this report: https://www.tritonmarketresearch.com/reports/electric-atv-and-utv-market#purchase-option

Question & Answer: Global Electric ATV and UTV Market

Question 1: What reasons fuel the growth of the electric ATV and UTV market?
Answer: The revving up of engines in ATVs causes animals' heart rates to speed up. In this regard, the low noise emission characteristic of electric quad bikes provides comfort to drivers, pedestrians, and animals by eliminating unwanted noise. In addition to that, the operating costs are lower for electric ATVs and UTVs, which drive their demand. The increase in safety requirements, low cost of maintenance and ownership, and increased interest in better driving experience fuel the growth of the studied market.

Question 2: Which factor hinders the growth of the electric ATV and UTV market?
Answer: As the safety of passengers and vehicles is the top priority, any defect in the operator of electric quad bikes would be harmful. Similarly, the presence of high battery weight also affects the performance of vehicles, which reduces the demand for electric quad bikes. Since drivers frequently monitor the speed and navigation to avoid accidents, the lack of adequate safety gear while driving hinders the growth of the electric ATVs and UTVs market.

Question 3: Which region leads the electric ATV and UTV market?
Answer: North America leads the electric ATV and UTV market in the world. This region marks the historic presence of quad bikes in sports and leisure activities. With technological advancement, the manufacturers of electric ATVs and UTVs are now developing products to efficiently carry out operations in the military, mountaineering, agriculture and gardening.

Question 4: Which are the major companies in the electric ATV and UTV market?
Answer: The major companies in the electric ATV and UTV market are Kawasaki Heavy Industries Ltd, Polaris Inc, Suzuki Motors Corporation, Textron Inc (Artic Cat), Hisun Motors Corporation USA, Honda Motor Company Ltd, BRP Inc, Cfmoto, Deere and Company, Yamaha Motor Co Ltd, and DRR USA.

Related Reports:

GLOBAL ATV AND UTV MARKET 2022-2028
https://www.tritonmarketresearch.com/reports/atv-and-utv-market

As per Triton's research report, the global ATV and UTV market is expected to rise at a CAGR of 6.65% from 2022 to 2028.

The application of ATVs and UTVs for camping, nature exploration, and mountaineering is expected to drive its market growth. The need for quad bikes is owed to agricultural sectors, military operations, and environment clean-ups & maintenance activities.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

Triton is a leading market research company providing clients with the best online market research data reports.Our offerings include syndicated market insights, customized research reports, and cost-effective consulting services for constructive decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Electric ATV and UTV Market: Scope and Usage Forecast, 2024-2032 here

News-ID: 3427149 • 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: https://www.tritonmarketresearch.com/reports/asia-pacific-dermatology-devices-market#report-overview?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR
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: https://www.tritonmarketresearch.com/reports/europe-synthetic-leather-market#report-overview?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR 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
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
MarketStudyReport.com 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: http://www.marketresearchreports.biz/analysis/740786 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 -