
North America Electric Atv And Utv Market 2024-2032
Description
North America Electric Atv And Utv Market 2024-2032
Market Outlook
Triton’s research report estimates that the North America ATV and UTV market is expected to advance with a CAGR of 12.20% during projected years 2024-2032. Canada and the United States are examined in this report.
In the US, the anticipated growth of the all-terrain vehicle (ATV) market is supported by various factors. Among these factors are the increasing demand for ATVs in agricultural and industrial applications, the upswing in the integration of advanced infotainment systems within ATVs, and the surging popularity of electric all-terrain vehicles. Moreover, the introduction of numerous new ATV models and the rising favorability of these vehicles among the younger demographic are additional contributors expected to stimulate the demand for these quad bikes in the country.
The surge in market growth in Canada is attributed to the increased presence of leading multinational manufacturing companies unveiling technologically advanced utility vehicles. The appeal of recreational sports stands out as a significant factor driving the demand for ATVs and UTVs, particularly in activities like off-road racing. Despite this, a notable challenge is the insufficient availability of well-designed, secure, and tested off-road trails, coupled with a lack of awareness.
Competitive Outlook
The key companies listed in the electric ATV and UTV market include Deere and Company, BRP Inc, CFMoto, Polaris Inc, Textron Inc (Artic Cat), Honda Motor Company Ltd, and Yamaha Motor Co Ltd.
Table of Contents
113 Pages
- 1. North America 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. North America Electric Atv And Utv Market – By Vehicle Type
- 3.1. Atv
- 3.2. Utv
- 4. North America Electric Atv And Utv Market - By Displacement
- 4.1. ≤ 400 (Cc)
- 4.2. 400-800(Cc)
- 4.3. ≥ 800 (Cc)
- 5. North America Electric Atv And Utv Market - By Propulsion
- 5.1. Battery Electric
- 5.2. Hybrid
- 6. North America Electric Atv And Utv Market - By Battery Capacity
- 6.1. Up To 48v
- 6.2. 48v To 72v
- 6.3. Above 72v
- 7. North America 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. North America Electric Atv And Utv Market – By Country Outlook
- 8.1. United States
- 8.2. Canada
- 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: North America 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: North America Electric Atv And Utv Market, By Vehicle Type, 2024-2032 (In $ Million)
- Table 6: North America Electric Atv And Utv Market, By Displacement, 2024-2032 (In $ Million)
- Table 7: North America Electric Atv And Utv Market, By Propulsion, 2024-2032 (In $ Million)
- Table 8: North America Electric Atv And Utv Market, By Battery Capacity, 2024-2032 (In $ Million)
- Table 9: North America 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: North America Electric Atv And Utv Market, By Vehicle Type, 2023 & 2032 (In %)
- Figure 4: North America Electric Atv And Utv Market, By Atv, 2024-2032 (In $ Million)
- Figure 5: North America Electric Atv And Utv Market, By Utv, 2024-2032 (In $ Million)
- Figure 6: North America Electric Atv And Utv Market, By Displacement, 2023 & 2032
- Figure 7: North America Electric Atv And Utv Market, By ≤ 400 (Cc), 2024-2032 (In $ Million)
- Figure 8: North America Electric Atv And Utv Market, By 400-800(Cc), 2024-2032 (In $ Million)
- Figure 9: North America Electric Atv And Utv Market, By ≥ 800 (Cc), 2024-2032 (In $ Million)
- Figure 10: North America Electric Atv And Utv Market, By Propulsion, 2023 & 2032 (In %)
- Figure 11: North America Electric Atv And Utv Market, By Battery Electric, 2024-2032 (In $ Million)
- Figure 12: North America Electric Atv And Utv Market, By Hybrid, 2024-2032 (In $ Million)
- Figure 13: North America Electric Atv And Utv Market, By Battery Capacity, 2023 & 2032 (In %)
- Figure 14: North America Electric Atv And Utv Market, By Up To 48v, 2024-2032 (In $ Million)
- Figure 15: North America Electric Atv And Utv Market, By 48v To 72v, 2024-2032 (In $ Million)
- Figure 16: North America Electric Atv And Utv Market, By Above 72v, 2024-2032 (In $ Million)
- Figure 17: North America Electric Atv And Utv Market, By End-user, 2023 & 2032 (In %)
- Figure 18: North America Electric Atv And Utv Market, By Recreational, 2024-2032 (In $ Million)
- Figure 19: North America Electric Atv And Utv Market, By Sports, 2024-2032 (In $ Million)
- Figure 20: North America Electric Atv And Utv Market, By Agriculture & Utility, 2024-2032 (In $ Million)
- Figure 21: North America Electric Atv And Utv Market, By Military & Defense, 2024-2032 (In $ Million)
- Figure 22: North America Electric Atv And Utv Market, By Other End-users, 2024-2032 (In $ Million)
- Figure 23: United States Electric Atv And Utv Market 2024-2032 (In $ Million)
- Figure 24: Canada Electric Atv And Utv Market 2024-2032 (In $ Million)
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