Europe Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Propulsion (IC Engine Powered, Electric Powered), By Vehicle Type, By Application, By Country and Growth Forecast, 2022 - 2028
The Europe Utility Vehicle Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Top manufacturers are increasing their investments in diesel & electric compact utility vehicle research and development, particularly in the electric compact utility vehicle category. The results of R&D initiatives include a competitive pricing offering, increased end-user satisfaction with performance, and the usage of new technologies. Rising R&D efforts through collaboration or partnerships assist the organization in releasing new & innovative items into the market. In some areas, the construction equipment business is confronted with severe legislation requiring construction equipment to meet particular criteria. Governments establish agencies to preserve the environment, like as the Pollution Control Agency, the Environmental Protection Agency, and the Kano State Environmental Planning and Protection Agency, among others.
Off-road and difficult terrain maneuver ability is the most well-known features of utility vehicles. In comparison to traditional vehicles, the vehicle's design provides improved protection from harsh operating environments. They're used in sports, military, forestry, agriculture, and defence, among other things. Utility vehicles have grown in popularity in recent years as a result of their simplicity of usage in isolated regions and capacity to transport supplies and equipment.
Because the German construction sector is booming, the German compact utility vehicle market is rising. The country's key macroeconomic drivers remain strong, & many factors are positive for growth. Gardening & landscape applications have grown dramatically in the German market, and this trend is expected to spread to the worldwide small utility vehicle market. In addition, rental sales in Germany have risen significantly, affecting demand for new compact utility cars.
Manufacturers & consumers in the UK compact utility vehicle market are affected by the Brexit scenario. In addition, the electric compact utility vehicle market is expected to rise due to stringent environmental restrictions in the United Kingdom. In the United Kingdom, the proportion of new end users to rental sales has been significantly higher. The market for tracked compact utility vehicles is projected to be driven by the growing adoption of tracked compact utility vehicles in the United Kingdom.
The Germany market dominated the Europe Utility Vehicle Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,997 million by 2028. The UK market is experiencing a CAGR of 7.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.3% during (2022 - 2028).
Based on Propulsion, the market is segmented into IC Engine Powered, Electric Powered, and Others. Based on Vehicle Type, the market is segmented into Sport Utility Vehicle (SUV), Multi Utility Vehicle (MUV), Utility Terrain Vehicle Type (UTV), and Others. Based on Application, the market is segmented into Passenger Commute, Industrial, Agricultural, Sports, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Polaris, Inc., Deere & Company, Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., KUBOTA Corporation, Mahindra & Mahindra Limited, Zhejiang CFMoto Power Co., Ltd., and Bombardier Recreational Products, Inc.
Scope of the Study
Market Segments covered in the Report:
By Propulsion
- IC Engine Powered
- Electric Powered
- Others
- Sport Utility Vehicle (SUV)
- Multi Utility Vehicle (MUV)
- Utility Terrain Vehicle Type (UTV)
- Others
- Passenger Commute
- Industrial
- Agricultural
- Sports
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Textron, Inc.
- Polaris, Inc.
- Deere & Company
- Honda Motor Co. Ltd.
- Yamaha Motor Co., Ltd.
- Kawasaki Heavy Industries, Ltd.
- KUBOTA Corporation
- Mahindra & Mahindra Limited
- Zhejiang CFMoto Power Co., Ltd.
- Bombardier Recreational Products, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Utility Vehicle Market, by Propulsion
- 1.4.2 Europe Utility Vehicle Market, by Vehicle Type
- 1.4.3 Europe Utility Vehicle Market, by Application
- 1.4.4 Europe Utility Vehicle Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jan – 2022, Apr) Leading Players
- Chapter 4. Europe Utility Vehicle Market by Propulsion
- 4.1 Europe IC Engine Powered Market by Country
- 4.2 Europe Electric Powered Market by Country
- 4.3 Europe Others Market by Country
- Chapter 5. Europe Utility Vehicle Market by Vehicle Type
- 5.1 Europe Sport Utility Vehicle (SUV) Market by Country
- 5.2 Europe Multi Utility Vehicle (MUV) Market by Country
- 5.3 Europe Utility Terrain Vehicle Type (UTV) Market by Country
- 5.4 Europe Others Market by Country
- Chapter 6. Europe Utility Vehicle Market by Application
- 6.1 Europe Passenger Commute Market by Country
- 6.2 Europe Industrial Market by Country
- 6.3 Europe Agricultural Market by Country
- 6.4 Europe Sports Market by Country
- 6.5 Europe Others Market by Country
- Chapter 7. Europe Utility Vehicle Market by Country
- 7.1 Germany Utility Vehicle Market
- 7.1.1 Germany Utility Vehicle Market by Propulsion
- 7.1.2 Germany Utility Vehicle Market by Vehicle Type
- 7.1.3 Germany Utility Vehicle Market by Application
- 7.2 UK Utility Vehicle Market
- 7.2.1 UK Utility Vehicle Market by Propulsion
- 7.2.2 UK Utility Vehicle Market by Vehicle Type
- 7.2.3 UK Utility Vehicle Market by Application
- 7.3 France Utility Vehicle Market
- 7.3.1 France Utility Vehicle Market by Propulsion
- 7.3.2 France Utility Vehicle Market by Vehicle Type
- 7.3.3 France Utility Vehicle Market by Application
- 7.4 Russia Utility Vehicle Market
- 7.4.1 Russia Utility Vehicle Market by Propulsion
- 7.4.2 Russia Utility Vehicle Market by Vehicle Type
- 7.4.3 Russia Utility Vehicle Market by Application
- 7.5 Spain Utility Vehicle Market
- 7.5.1 Spain Utility Vehicle Market by Propulsion
- 7.5.2 Spain Utility Vehicle Market by Vehicle Type
- 7.5.3 Spain Utility Vehicle Market by Application
- 7.6 Italy Utility Vehicle Market
- 7.6.1 Italy Utility Vehicle Market by Propulsion
- 7.6.2 Italy Utility Vehicle Market by Vehicle Type
- 7.6.3 Italy Utility Vehicle Market by Application
- 7.7 Rest of Europe Utility Vehicle Market
- 7.7.1 Rest of Europe Utility Vehicle Market by Propulsion
- 7.7.2 Rest of Europe Utility Vehicle Market by Vehicle Type
- 7.7.3 Rest of Europe Utility Vehicle Market by Application
- Chapter 8. Company Profiles
- 8.1 Textron, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional & Segmental Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.2 Polaris, Inc.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional & Segmental Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.5.3 Geographical Expansions:
- 8.3 Deere & Company
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Regional & Segmental Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.5.3 Acquisition and Mergers:
- 8.4 Honda Motor Co. Ltd.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.6 SWOT Analysis
- 8.5 Yamaha Motor Co., Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.6 Kawasaki Heavy Industries, Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Product Launches and Product Expansions:
- 8.6.5.2 Geographical Expansions:
- 8.7 KUBOTA Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.5.2 Product Launches and Product Expansions:
- 8.8 Mahindra & Mahindra Limited (Mahindra Group)
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Collaborations, Partnerships and Agreements:
- 8.9 Zhejiang CFMoto Power Co., Ltd.
- 8.9.1 Company Overview
- 8.9.2 Recent strategies and developments:
- 8.9.2.1 Partnerships, Collaborations, and Agreements:
- 8.9.2.2 Acquisition and Mergers:
- 8.9.2.3 Geographical Expansions:
- 8.10. Bombardier Recreational Products, Inc.
- 8.10.1 Company Overview
- 8.10.2 Recent strategies and developments:
- 8.10.2.1 Geographical Expansions:
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