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CANADA ATV AND UTV MARKET FORECAST 2021-2026

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CANADA ATV AND UTV MARKET FORECAST 2021-2026

The Canada ATV and UTV market is projected to register a CAGR of 8.21% during the forecast period, 2021-2026. The increasing preference for ATV and UTV by security forces is one of the primary growth drivers. ATV (all-terrain vehicle) is equipped with four low-pressure tires and handlebars mostly used in off-road environments. UTV (utility terrain vehicle) is more efficient than a general-purpose vehicle.

CANADA ATV AND UTV MARKET FORECAST 2021-2026

Canada ATV and UTV Market by Vehicle Type (ATV, UTV) Market by Displacement (≤ 400 (CC), 400-800(CC), ≥ 800 (CC)) Market by Fuel Type (Gasoline-powered, Diesel-powered, Electric-powered, Solar-powered) Market by Application (Utility, Sports, Others) Market by End-user (Agriculture, Military, Mountaineering, Others) and by Geography

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The Canada ATV and UTV market is projected to register a CAGR of 8.21% during the forecast period, 2021-2026. The increasing preference for ATV and UTV by security forces is one of the primary growth drivers.
canada-atv-and-utv-market

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ATV (all-terrain vehicle) is equipped with four low-pressure tires and handlebars mostly used in off-road environments. UTV (utility terrain vehicle) is more efficient than a general-purpose vehicle. In Canada, the government authorities have not allowed operating ATVs & UTVs in most states. Also, they are barred from highways and other main roads. As a result, the authorities are increasing budgetary allocations to build new off-road trails. This will aid the recreational enthusiasts, and impact adventure sports activities. Further, with increasing attraction to ATVs & UTVs among tourists for recreational and related purposes, the tourism councils are launching ATVs & UTVs-related activities by building tracks for these vehicles. Such factors drive market growth in Canada.

BRP Inc manufactures and develops powersports vehicles and propulsion systems. The product portfolio includes snowmobiles, spyder vehicles, all-terrain, personal watercraft, propulsion, and side-by-side systems. The products have strong brand recognition in the industry. Also, the company has a record of successfully sustaining consumer-driven innovation. It has its headquarters in Valcourt, Canada.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON CANADA ATV AND UTV MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • KEY BUYING CRITERIA
    4. MARKET BY VEHICLE TYPE
      • ATV
      • UTV
    5. MARKET BY DISPLACEMENT
      • ≤ 400 (CC)
      • 400-800(CC)
      • ≥ 800 (CC)
    6. MARKET BY FUEL TYPE
      • GASOLINE-POWERED
      • DIESEL-POWERED
      • ELECTRIC-POWERED
      • SOLAR-POWERED
    7. MARKET BY APPLICATION
      • UTILITY
      • SPORTS
      • OTHERS
    8. MARKET BY END-USER
      • AGRICULTURE
      • MILITARY
      • MOUNTAINEERING
      • OTHERS
    9. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS (COLLABORATIONS, JOINT VENTURES)
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • BRP INC
        • CFMOTO
        • DEERE & COMPANY
        • HISUN
        • HONDA MOTOR CO LTD

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – ATV AND UTV

    TABLE 2: CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 4: CANADA ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: CANADA ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 6: CANADA ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: CANADA ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 8: CANADA ATV AND UTV MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: CANADA ATV AND UTV MARKET, BY APPLICATION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 10: CANADA ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: CANADA ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    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 6: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2020

    FIGURE 7: CANADA ATV AND UTV MARKET, BY ATV, 2021-2026 (IN $ MILLION)

    FIGURE 8: CANADA ATV AND UTV MARKET, BY UTV, 2021-2026 (IN $ MILLION)

    FIGURE 9: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2020

    FIGURE 10: CANADA ATV AND UTV MARKET, BY ≤ 400 (CC), 2021-2026 (IN $ MILLION)

    FIGURE 11: CANADA ATV AND UTV MARKET, BY 400-800(CC), 2021-2026 (IN $ MILLION)

    FIGURE 12: CANADA ATV AND UTV MARKET, BY ≥ 800 (CC), 2021-2026 (IN $ MILLION)

    FIGURE 13: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2020

    FIGURE 14: CANADA ATV AND UTV MARKET, BY GASOLINE-POWERED, 2021-2026 (IN $ MILLION)

    FIGURE 15: CANADA ATV AND UTV MARKET, BY DIESEL-POWERED, 2021-2026 (IN $ MILLION)

    FIGURE 16: CANADA ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2021-2026 (IN $ MILLION)

    FIGURE 17: CANADA ATV AND UTV MARKET, BY SOLAR-POWERED, 2021-2026 (IN $ MILLION)

    FIGURE 18: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 19: CANADA ATV AND UTV MARKET, BY UTILITY, 2021-2026 (IN $ MILLION)

    FIGURE 20: CANADA ATV AND UTV MARKET, BY SPORTS, 2021-2026 (IN $ MILLION)

    FIGURE 21: CANADA ATV AND UTV MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

    FIGURE 22: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 23: CANADA ATV AND UTV MARKET, BY AGRICULTURE, 2021-2026 (IN $ MILLION)

    FIGURE 24: CANADA ATV AND UTV MARKET, BY MILITARY, 2021-2026 (IN $ MILLION)

    FIGURE 25: CANADA ATV AND UTV MARKET, BY MOUNTAINEERING, 2021-2026 (IN $ MILLION)

    1. MARKET BY VEHICLE TYPE
      • ATV
      • UTV
    2. MARKET BY DISPLACEMENT
      • ≤ 400 (CC)
      • 400-800(CC)
      • ≥ 800 (CC)
    3. MARKET BY FUEL TYPE
      • GASOLINE-POWERED
      • DIESEL-POWERED
      • ELECTRIC-POWERED
      • SOLAR-POWERED
    4. MARKET BY APPLICATION
      • UTILITY
      • SPORTS
      • OTHERS
    5. MARKET BY END-USER
      • AGRICULTURE
      • MILITARY
      • MOUNTAINEERING
      • OTHERS

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