Press release
Demand for Utility Vehicles in Last-Mile Delivery to Contribute to Industry Growth
Global utility vehicle market is anticipated to grow at a CAGR of 10.6% during the forecast period (2024-2031). A wide range of industries, including agriculture, construction, landscaping, emergency services, waste management, mining, and forest management, as well as the government, military, retail and delivery services, utilities and infrastructure maintenance, and hospitality and resorts, depend on utility vehicles. It is utilized for a variety of purposes, including the transportation of goods, equipment, livestock, and crops. It additionally helps to improve operational efficiency in farming activities, gives personnel and materials mobility, and makes it easier to reach isolated places quickly. Additionally, it provides preparedness and mobility in military and civil defense operations, makes it easier to access isolated forest regions, and offers dependable transportation for maintaining infrastructure. Utility trucks enable last-mile delivery and increase the effectiveness of logistics in retail and delivery services. The growing e-commerce industry and increasing demand for zero-emission last-mile delivery vehicles have prompted numerous market players to introduce new products to meet these evolving needs.Get Free Sample link @ https://www.omrglobal.com/request-sample/utility-vehicle-market
In January 2024, AYRO, Inc., a manufacturer of electric, purpose-built delivery vehicles and solutions for micro-distribution, micromobility, and last-mile delivery, announced that the Company received its first US Government order for the Company's utility low-speed electric vehicle ("LSEV"), the AYRO Vanish (the 'Vanish'), for a US Embassy located in South Asia.
In October 2020, Arcimoto, Inc., makers of the Fun Utility Vehicle (FUV), Rapid Responder, and Deliverator announced that it has partnered with DHL to provide nationwide home delivery of the FUV. Using its digital logistics solutions, DHL Global Forwarding will deliver the FUV directly to customers' homes.
Full report of Utility Vehicle Market available @ https://www.omrglobal.com/industry-reports/utility-vehicle-market
Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
o By Vehicle Type
o By Propulsion Type
o By Application
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape - Bobcat Co., Textron Inc., Kawasaki Heavy Industries, Ltd., Polaris Inc., Yamaha Motor Co., Ltd., and others.
Key questions addressed by the report.
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Utility Vehicle Market Report Segment
By Vehicle Type
Sport Utility Vehicle (SUV)
Multi Utility Vehicle (MUV)
Utility Terrain Vehicle (UTV)
By Propulsion Type
Internal Combustion Engine (ICE)
Electric
Others (Hydrogen)
By Application
Mining
Industrial
Agricultural
Sports
Others (Construction, Recreational, and Forestry)
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/utility-vehicle-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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