
Asia-pacific Electric Atv And Utv Market 2024-2032
Description
Asia-pacific Electric Atv And Utv Market 2024-2032
Market Outlook
Triton’s report suggests that the Asia-Pacific electric ATV and UTV market is projected to achieve revenue growth at a CAGR of 12.65% during the forecast period 2024-2032. Japan, Australia & New Zealand, India, South Korea, China, ASEAN countries, and the Rest of Asia-Pacific are evaluated in the region’s market.
Electric all-terrain vehicles and utility task vehicles have become prevalent in the mountainous areas and islands of South Korea. Anticipated growth in the power sports industry, driven by evolving consumer preferences, is set to elevate the demand for these vehicles. Innovation by industry players further contributes to the heightened interest in these automobiles. A notable example is KIA Motors’ October 2020 declaration of its intention to manufacture combat vehicles, prioritizing ATVs.
The burgeoning popularity of adventure sports in India has led to the widespread adoption of electric ATVs and UTVs for promoting off-road activities. In Noida, for example, recent installations of ATV tracks now offer customers an immersive off-road experience. Furthermore, the influx of global firms into the Indian market has played a pivotal role in propelling the market’s expansion. Notably, the off-road vehicles provided by such companies are actively utilized by police forces in Gujarat, Tamil Nadu, Kerala, etc. Hence, these factors widen the overall scope of the electric ATV and UTV market.
Competitive Outlook
The major firms in the electric ATV and UTV market consist of BRP Inc, Deere and Company, Polaris Inc, Honda Motor Company Ltd, and DRR USA.
Table of Contents
137 Pages
- 1. Asia-pacific Electric Atv And Utv Market – Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Electric Atv And Utv Market
- 2.2. Porter’s Five Forces Analysis
- 2.2.1. Threat Of New Entrants
- 2.2.2. Threat Of Substitutes
- 2.2.3. Bargaining Power Of Suppliers
- 2.2.4. Bargaining Power Of Buyers
- 2.2.5. Threat Of Competitive Rivalry
- 2.3. Key Buying Impact Analysis
- 2.4. Key Market Strategies
- 2.4.1. Contracts And Partnerships
- 2.4.2. Business Expansion And Divestiture
- 2.4.3. New Product Launches
- 2.4.4. Acquisition
- 2.5. Market Drivers
- 2.5.1. Lower Noise Emissions From Electric Atvs And Utvs
- 2.5.2. Growing Environmental Concerns Expected To Fuel Electric Variants Demand
- 2.6. Market Challenges
- 2.6.1. Vehicle Range And Battery Weight Concern
- 2.6.2. High Purchase Cost
- 2.7. Analyst Perspective
- 3. Asia-pacific Electric Atv And Utv Market – By Vehicle Type
- 3.1. Atv
- 3.2. Utv
- 4. Asia-pacific Electric Atv And Utv Market - By Displacement
- 4.1. ≤ 400 (Cc)
- 4.2. 400-800(Cc)
- 4.3. ≥ 800 (Cc)
- 5. Asia-pacific Electric Atv And Utv Market - By Propulsion
- 5.1. Battery Electric
- 5.2. Hybrid
- 6. Asia-pacific Electric Atv And Utv Market - By Battery Capacity
- 6.1. Up To 48v
- 6.2. 48v To 72v
- 6.3. Above 72v
- 7. Asia-pacific Electric Atv And Utv Market - By End-user
- 7.1. Recreational
- 7.2. Sports
- 7.3. Agriculture & Utility
- 7.4. Military & Defense
- 7.5. Other End-users
- 8. Asia-pacific Electric Atv And Utv Market – By Country Outlook
- 8.1. China
- 8.2. Japan
- 8.3. India
- 8.4. South Korea
- 8.5. Asean Countries
- 8.6. Australia & New Zealand
- 8.7. Rest Of Asia-pacific
- 9. Competitive Landscape
- 9.1. Brp Inc
- 9.1.1. Overview
- 9.1.2. Product Portfolio
- 9.1.3. Strengths
- 9.1.4. Challenge
- 9.2. Cfmoto
- 9.2.1. Overview
- 9.2.2. Product Portfolio
- 9.2.3. Strengths
- 9.2.4. Challenge
- 9.3. Deere And Company
- 9.3.1. Overview
- 9.3.2. Product Portfolio
- 9.3.3. Strengths
- 9.3.4. Challenge
- 9.4. Hisun Motors Corporation Usa
- 9.4.1. Overview
- 9.4.2. Product Portfolio
- 9.4.3. Strengths
- 9.4.4. Challenge
- 9.5. Honda Motor Company Ltd
- 9.5.1. Overview
- 9.5.2. Product Portfolio
- 9.5.3. Strengths
- 9.5.4. Challenge
- 9.6. Kawasaki Heavy Industries Ltd
- 9.6.1. Overview
- 9.6.2. Product Portfolio
- 9.6.3. Strengths
- 9.6.4. Challenge
- 9.7. Polaris Inc
- 9.7.1. Overview
- 9.7.2. Product Portfolio
- 9.7.3. Strengths
- 9.7.4. Challenge
- 9.8. Suzuki Motors Corporation
- 9.8.1. Overview
- 9.8.2. Product Portfolio
- 9.8.3. Strengths
- 9.8.4. Challenge
- 9.9. Textron Inc (Artic Cat)
- 9.9.1. Overview
- 9.9.2. Product Portfolio
- 9.9.3. Strengths
- 9.9.4. Challenge
- 9.10. Yamaha Motor Co Ltd
- 9.10.1. Overview
- 9.10.2. Product Portfolio
- 9.10.3. Strengths
- 9.10.4. Challenge
- 9.11. Drr Usa
- 9.11.1. Overview
- 9.11.2. Product Portfolio
- 10. Research Methodology & Scope
- 10.1. Research Scope & Deliverables
- 10.1.1. Objectives Of Study
- 10.1.2. Scope Of Study
- 10.2. Sources Of Data
- 10.2.1. Primary Data Sources
- 10.2.2. Secondary Data Sources
- 10.3. Research Methodology
- 10.3.1. Evaluation Of The Proposed Market
- 10.3.2. Identification Of Data Sources
- 10.3.3. Assessment Of Market Determinants
- 10.3.4. Data Collection
- 10.3.5. Data Validation & Analysis
- List Of Tables
- Table 1: Asia-pacific Electric Atv And Utv Market, By Country Outlook, 2024-2032 (In $ Million)
- Table 2: List Of Contracts And Partnerships
- Table 3: List Of Business Expansion And Divestiture
- Table 4: List Of New Product Launches
- Table 5: Asia-pacific Electric Atv And Utv Market, By Vehicle Type, 2024-2032 (In $ Million)
- Table 6: Asia-pacific Electric Atv And Utv Market, By Displacement, 2024-2032 (In $ Million)
- Table 7: Asia-pacific Electric Atv And Utv Market, By Propulsion, 2024-2032 (In $ Million)
- Table 8: Asia-pacific Electric Atv And Utv Market, By Battery Capacity, 2024-2032 (In $ Million)
- Table 9: Asia-pacific Electric Atv And Utv Market, By End-user, 2024-2032 (In $ Million)
- List Of Figures
- Figure 1: Porter’s Five Forces Analysis
- Figure 2: Key Buying Impact Analysis
- Figure 3: Asia-pacific Electric Atv And Utv Market, By Vehicle Type, 2023 & 2032 (In %)
- Figure 4: Asia-pacific Electric Atv And Utv Market, By Atv, 2024-2032 (In $ Million)
- Figure 5: Asia-pacific Electric Atv And Utv Market, By Utv, 2024-2032 (In $ Million)
- Figure 6: Asia-pacific Electric Atv And Utv Market, By Displacement, 2023 & 2032 (In %)
- Figure 7: Asia-pacific Electric Atv And Utv Market, By ≤ 400 (Cc), 2024-2032 (In $ Million)
- Figure 8: Asia-pacific Electric Atv And Utv Market, By 400-800(Cc), 2024-2032 (In $ Million)
- Figure 9: Asia-pacific Electric Atv And Utv Market, By ≥ 800 (Cc), 2024-2032 (In $ Million)
- Figure 10: Asia-pacific Electric Atv And Utv Market, By Propulsion, 2023 & 2032 (In %)
- Figure 11: Asia-pacific Electric Atv And Utv Market, By Battery Electric, 2024-2032 (In $ Million)
- Figure 12: Asia-pacific Electric Atv And Utv Market, By Hybrid, 2024-2032 (In $ Million)
- Figure 13: Asia-pacific Electric Atv And Utv Market, By Battery Capacity, 2023 & 2032 (In %)
- Figure 14: Asia-pacific Electric Atv And Utv Market, By Up To 48v, 2024-2032 (In $ Million)
- Figure 15: Asia-pacific Electric Atv And Utv Market, By 48v To 72v, 2024-2032 (In $ Million)
- Figure 16: Asia-pacific Electric Atv And Utv Market, By Above 72v, 2024-2032 (In $ Million)
- Figure 17: Asia-pacific Electric Atv And Utv Market, By End-user, 2023 & 2032 (In %)
- Figure 18: Asia-pacific Electric Atv And Utv Market, By Recreational, 2024-2032 (In $ Million)
- Figure 19: Asia-pacific Electric Atv And Utv Market, By Sports, 2024-2032 (In $ Million)
- Figure 20: Asia-pacific Electric Atv And Utv Market, By Agriculture & Utility, 2024-2032 (In $ Million)
- Figure 21: Asia-pacific Electric Atv And Utv Market, By Military & Defense, 2024-2032 (In $ Million)
- Figure 22: Asia-pacific Electric Atv And Utv Market, By Other End-users, 2024-2032 (In $ Million)
- Figure 23: China Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 24: Japan Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 25: India Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 26: South Korea Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 27: Asean Countries Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 28: Australia & New Zealand Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 29: Rest Of Asia-pacific Electric Atv And Utv Market 2024-2032 (In $ Million)
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