The All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Global Market Report 2023, provides comprehensive information on the all-terrain vehicle (ATV) and utility task vehicle (UTV) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Global Market Report 2023, the global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market size is expected to grow from $8.78 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market size is expected to grow to $13.29 billion in 2027 at a CAGR of 8.4%.
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Development of technologically advanced vehicles is a key trend gaining popularity in the all-terrain vehicle (ATV) and utility task vehicle (UTV) markets. Major players operating in the market are developing advanced vehicles to sustain their position in the all-terrain vehicle (ATV) and utility task vehicle (UTV) markets. For instance, in August 2022, Yamaha Motor Corp, a Japan-based manufacturer of motorcycles and other motorized products, launched its 2023 Proven Off-Road ATV/UTV and Side-by-Side Lineup. This includes the 2023 Pure-Sport SxS Lineup, YXZ1000R SS, and YXZ1000R with Yamaha’s Sport Shift (SS) technology with steering column-mounted aluminum paddles that enable drivers to change quickly. The unique features of the 2023 YXZ1000R versions are designed to handle a range of terrain, from vast deserts and dunes to muddy trails and tough, rocky terrain. The YXZ has an industry-first 998-cc triple-cylinder engine from Yamaha and a sequential five-speed manual transmission with either an auto-clutch or clutch pedal for the most direct-connection experience in a SxS.
The all-terrain vehicle (ATV) and utility task vehicle (UTV) market is segmented:
1) By Type: All-Terrain Vehicle (ATV), Utility Task Vehicle (UTV)
2) By Displacement: Less than 400CC, 400CC-800CC, More than 800CC
3) By Fuel Types: Gasoline, Diesel, Electric, Solar
4) By End User: Recreational, Sports, Agriculture and Utility, Military and Defence, Other End-Users
Asia-Pacific was the largest region in the all-terrain vehicle (ATV) and utility task vehicle (UTV) market in 2022.
The table of contents in TBRC’s all-terrain vehicle (ATV) and utility task vehicle (UTV) market report includes:
1. Executive Summary
2. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Characteristics
3. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Trends And Strategies
4. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market – Macro Economic Scenario
5. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Size And Growth
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25. Middle East All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market
26. Africa All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market
27. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market
29. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market Future Outlook and Potential Analysis
30. Appendix
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