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ASIA-PACIFIC ATV AND UTV MARKET FORECAST 2022-2030

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ASIA-PACIFIC ATV AND UTV MARKET FORECAST 2022-2030

The Asia-Pacific ATV and UTV market is set to project a CAGR of 6.75% during the forecast period, 2022-2030. The application of ATV and UTV in defense and the introduction of a new range of ATV and UTV models are primary growth drivers.

ASIA-PACIFIC ATV AND UTV MARKET FORECAST 2022-2030

Asia Pacific ATV and UTV Market by Displacement(≤ 400 (CC) Displacement, 400-800(CC) Displacement, ≥ 800 (CC) Displacement) Market by Fuel Type (Gasoline-powered, Diesel-powered, Electric-powered, Solar-powered) Market by Vehicle Type (ATV, UTV) Market by End-user (Recreational, Sports, Agriculture and Utility, Military & Defence, Other End-users) by Geography.

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The Asia-Pacific ATV and UTV market is set to project a CAGR of 6.75% during the forecast period, 2022-2030. The application of ATV and UTV in defense and the introduction of a new range of ATV and UTV models are primary growth drivers.

asia-pacific-atv-and-utv-market

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The Asia-Pacific ATV and UTV market growth analysis includes the assessment of South Korea, India, Japan, Vietnam, Indonesia, Thailand, Australia & New Zealand, China, and Rest of Asia-Pacific. In China, the increasing adoption of ATVs & UTVs propels the market growth. The prominent defense industry companies are launching advanced versions of all-terrain vehicles (ATVs) for defense forces. The enhanced national consumption confidence index and developing domestic market are estimated to increase the demand for ATVs.

In South Korea, ATV and UTV are used in islands and mountain regions. They are majorly utilized in the spring season. There has been a considerable rise in the power sports industry, given the changing consumer culture. In Australia, over 300,000 ATVs are utilized for farming purposes since they are economical and adaptable. They are also used for weed spraying, spraying fertilizers, and water sprinkling. Moreover, many market players introduce new and advanced UTVs and ATVs, thereby contributing to market growth.

Kawasaki Heavy Industries Ltd develops transportation and industrial equipment. It operates through seven business segments, ship & offshore structure, precision machinery, gas turbine & machinery, motorcycle & engine, plant & infrastructure, aerospace, and rolling stock. The company prioritizes research & development to expand its product portfolio. It is headquartered in Minato City, Tokyo, Japan.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • GAINING POPULARITY OF RECREATIONAL ACTIVITIES AND ADVENTURE SPORTS
        • DEMAND FOR ATV AND UTV IN MILITARY ACTIVITIES
        • GOVERNMENT RULES SUPPORTING ATVS AND UTVS
      • KEY RESTRAINTS
        • BAN ON ATV AND UTV DRIVING IN WILDLIFE AREA
        • HIGH MAINTENANCE COSTS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ATV AND UTV MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
    2. MARKET BY DISPLACEMENT
      • ≤ 400 (CC) DISPLACEMENT
      • 400-800(CC) DISPLACEMENT
      • ≥ 800 (CC) DISPLACEMENT
    3. MARKET BY FUEL TYPE
      • GASOLINE-POWERED
      • DIESEL-POWERED
      • ELECTRIC-POWERED
      • SOLAR-POWERED
    4. MARKET BY VEHICLE TYPE
      • ATV
      • UTV
    5. MARKET BY END-USER
      • RECREATIONAL
      • SPORTS
      • AGRICULTURE AND UTILITY
      • MILITARY & DEFENCE
      • OTHER END-USERS
    6. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BRP INC
        • CFMOTO
        • DEERE & COMPANY
        • HISUN
        • HONDA MOTOR COMPANY LTD
        • KAWASAKI HEAVY INDUSTRIES LTD
        • KUBOTA CORPORATION
        • KWANG YANG MOTOR CO LTD
        • POLARIS INDUSTRIES INC
        • SUZUKI MOTORS CORPORATION
        • TEXTRON INC (ARCTIC CAT)
        • YAMAHA MOTOR CO LTD

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – ATV AND UTV

    TABLE 2: ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: LIST OF MERGERS & ACQUISITIONS

    TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    FIGURE LIST 

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: KEY BUYING IMPACT ANALYSIS

    FIGURE 10: ASIA-PACIFIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2021

    FIGURE 11: ASIA-PACIFIC ATV AND UTV MARKET, BY ≤ 400 (CC) DISPLACEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC ATV AND UTV MARKET, BY 400-800(CC), 2022-2030 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC ATV AND UTV MARKET, BY ≥ 800 (CC) DISPLACEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2021

    FIGURE 15: ASIA-PACIFIC ATV AND UTV MARKET, BY GASOLINE-POWERED, 2022-2030 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC ATV AND UTV MARKET, BY DIESEL-POWERED, 2022-2030 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2022-2030 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC ATV AND UTV MARKET, BY SOLAR-POWERED, 2022-2030 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

    FIGURE 20: ASIA-PACIFIC ATV AND UTV MARKET, BY ATV, 2022-2030 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC ATV AND UTV MARKET, BY UTV, 2022-2030 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 23: ASIA-PACIFIC ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2022-2030 (IN $ MILLION)

    FIGURE 24: ASIA-PACIFIC ATV AND UTV MARKET, BY MILITARY & DEFENCE, 2022-2030 (IN $ MILLION)

    FIGURE 25: ASIA-PACIFIC ATV AND UTV MARKET, BY RECREATIONAL, 2022-2030 (IN $ MILLION)

    FIGURE 26: ASIA-PACIFIC ATV AND UTV MARKET, BY SPORTS, 2022-2030 (IN $ MILLION)

    FIGURE 27: ASIA-PACIFIC ATV AND UTV MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 28: ASIA-PACIFIC ATV AND UTV MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 29: CHINA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: JAPAN ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: INDIA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: SOUTH KOREA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 33: INDONESIA ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 34: THAILAND ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 35: VIETNAM ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 36: AUSTRALIA & NEW ZEALAND ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 37: REST OF ASIA-PACIFIC ATV AND UTV MARKET, 2022-2030 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY DISPLACEMENT
      • ≤ 400 (CC) DISPLACEMENT
      • 400-800(CC) DISPLACEMENT
      • ≥ 800 (CC) DISPLACEMENT
    2. MARKET BY FUEL TYPE
      • GASOLINE-POWERED
      • DIESEL-POWERED
      • ELECTRIC-POWERED
      • SOLAR-POWERED
    3. MARKET BY VEHICLE TYPE
      • ATV
      • UTV
    4. MARKET BY END-USER
      • RECREATIONAL
      • SPORTS
      • AGRICULTURE AND UTILITY
      • MILITARY & DEFENCE
      • OTHER END-USERS

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