The Global ATV and UTV Market (2022-2027) by Vehicle Type, Displacement, Fuel Type, End-User,and Geography, IGR Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis
Introduction
The Global ATV and UTV Market is estimated to be USD 8.63 Bn in 2022 and is expected to reach USD 11.99 Bn by 2027, growing at a CAGR of 6.8%.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the Global ATV and UTV Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The Global ATV and UTV Market is segmented based on Vehicle Type, Displacement, Fuel Type, End-User,and Geography.
By Vehicle Type, the market is classified into All-terrain Vehicle (ATV), and Utility Task Vehicle (UTV).
By Displacement, the market is classified into Less than 400 (cc), 400-800 (cc), and More than 800 (cc).
By Fuel Type, the market is classified into Gasoline, Diesel, Electric, and Solar.
By End-User, the market is classified into Recreational, Sports, Agriculture and Utility.
By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Aeon Motor Co Ltd, Arctic Cat , Bajaj Auto Limited, BRP Inc, Cectek, CFmoto, Deere and Company , Hisun Motors Crop , Honda Motor Company, Ltd. , Italika , Kawasaki Heavy Industries, Ltd., Kubota Corporation , Kwang Yang Motor Co. Ltd., Linhai, MaxTrade, LLC (Coolster) , Odes Industries , Polaris Industries Inc. , Quadro International Llc, Suzuki Motors Corporation, Taiwan Golden Bee Co. Ltd. (TGB), TaoTao Vehicles Company, LTD, Textron Inc. , Yamaha Motor Co. Ltd. (Japan), Nikola Motor Company, etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global ATV and UTV Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
Infogence Global Research analyses the Global ATV and UTV Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, Infogence Global Research has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global ATV and UTV Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
Aeon Motor Co Ltd
Arctic Cat
Bajaj Auto Limited
BRP Inc
Cectek
CFmoto
Deere and Company
Hisun Motors Crop
Honda Motor Company, Ltd.
Italika
Kawasaki Heavy Industries, Ltd.
Kubota Corporation
Kwang Yang Motor Co. Ltd.
Linhai
MaxTrade, LLC (Coolster)
Odes Industries
Polaris Industries Inc.
Quadro International Llc
Suzuki Motors Corporation
Taiwan Golden Bee Co. Ltd. (TGB)
TaoTao Vehicles Company, LTD
Textron Inc.
Yamaha Motor Co. Ltd. (Japan)
Nikola Motor Company
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Stakeholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.2.3 IGR Models
- 2.3 Market Size Estimation
- 2.3.1 Bottom-Up Approach
- 2.3.2 Top-Down Approach
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 3.1 Introduction
- 3.2 Market Size, Segmentations and Outlook
- 4 Market Dynamics
- 4.1 Drivers
- 4.1.1 Increase in Trend of Adventure Sports and Recreational Activities
- 4.1.2 Rise in Demand for ATV and UTV in Military Activities
- 4.1.3 Favorable Government Rules to Support Driving ATV s and UTVs On-Road
- 4.1.4 Players Increasing Focus on Female and Younger Audiences
- 4.2 Restraints
- 4.2.1 Ban on ATV and UTV Driving in Wildlife Area Due to Terrain Damage
- 4.2.2 High Maintenance Cost
- 4.3 Opportunities
- 4.3.1 Deployment of Safety and Addon Features
- 4.3.2 Introduction of Electric ATV and UTV
- 4.4 Challenges
- 4.4.1 Stringent Public Safety Precautions
- 5 Market Analysis
- 5.1 Regulatory Scenario
- 5.2 Porter's Five Forces Analysis
- 5.3 Impact of COVID-19
- 5.4 Ansoff Matrix Analysis
- 6 Global ATV and UTV Market, By Vehicle Type
- 6.1 Introduction
- 6.2 All-terrain Vehicle (ATV)
- 6.3 Utility Task Vehicle (UTV)
- 7 Global ATV and UTV Market, By Displacement
- 7.1 Introduction
- 7.2 Less than 400 (cc)
- 7.3 400-800 (cc)
- 7.4 More than 800 (cc)
- 8 Global ATV and UTV Market, By Fuel Type
- 8.1 Introduction
- 8.2 Gasoline
- 8.3 Diesel
- 8.4 Electric
- 8.5 Solar
- 9 Global ATV and UTV Market, By End-User
- 9.1 Introduction
- 9.2 Recreational
- 9.3 Sports
- 9.4 Agriculture and Utility
- 10 Americas' Global ATV and UTV Market
- 10.1 Introduction
- 10.2 Argentina
- 10.3 Brazil
- 10.4 Canada
- 10.5 Chile
- 10.6 Colombia
- 10.7 Mexico
- 10.8 Peru
- 10.9 United States
- 10.10 Rest of Americas
- 11 Europe's Global ATV and UTV Market
- 11.1 Introduction
- 11.2 Austria
- 11.3 Belgium
- 11.4 Denmark
- 11.5 Finland
- 11.6 France
- 11.7 Germany
- 11.8 Italy
- 11.9 Netherlands
- 11.10 Norway
- 11.11 Poland
- 11.12 Russia
- 11.13 Spain
- 11.14 Sweden
- 11.15 Switzerland
- 11.16 United Kingdom
- 11.17 Rest of Europe
- 12 Middle East and Africa's Global ATV and UTV Market
- 12.1 Introduction
- 12.2 Egypt
- 12.3 Israel
- 12.4 Qatar
- 12.5 Saudi Arabia
- 12.6 South Africa
- 12.7 United Arab Emirates
- 12.8 Rest of MEA
- 13 APAC's Global ATV and UTV Market
- 13.1 Introduction
- 13.2 Australia
- 13.3 Bangladesh
- 13.4 China
- 13.5 India
- 13.6 Indonesia
- 13.7 Japan
- 13.8 Malaysia
- 13.9 Philippines
- 13.10 Singapore
- 13.11 South Korea
- 13.12 Sri Lanka
- 13.13 Thailand
- 13.14 Taiwan
- 13.15 Rest of Asia-Pacific
- 14 Competitive Landscape
- 14.1 IGR Competitive Quadrant
- 14.2 Market Share Analysis
- 14.3 Strategic Initiatives
- 14.3.1 M&A and Investments
- 14.3.2 Partnerships and Collaborations
- 14.3.3 Product Developments and Improvements
- 15 Company Profiles
- 15.1 Aeon Motor Co Ltd
- 15.2 Arctic Cat
- 15.3 Bajaj Auto Limited
- 15.4 BRP Inc
- 15.5 Cectek
- 15.6 CFmoto
- 15.7 Deere and Company
- 15.8 Hisun Motors Crop
- 15.9 Honda Motor Company, Ltd.
- 15.10 Italika
- 15.11 Kawasaki Heavy Industries, Ltd.
- 15.12 Kubota Corporation
- 15.13 Kwang Yang Motor Co. Ltd.
- 15.14 Linhai
- 15.15 MaxTrade, LLC (Coolster)
- 15.16 Odes Industries
- 15.17 Polaris Industries Inc.
- 15.18 Quadro International Llc
- 15.19 Suzuki Motors Corporation
- 15.20 Taiwan Golden Bee Co. Ltd. (TGB)
- 15.21 TaoTao Vehicles Company, LTD
- 15.22 Textron Inc.
- 15.23 Yamaha Motor Co. Ltd. (Japan)
- 15.24 Nikola Motor Company
- 16 Appendix
- 16.1 Questionnaire
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook