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CANADA ATV AND UTV MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Canada ATV and UTV Market by Vehicle Type (ATV, UTV) Market by Fuel Type (Gasoline Powered, Diesel Powered, Electric Powered, Solar Powered) Market by Displacement (≤400 (CC), 400-800 (CC), ≥800 (CC)) Market by End-user (Recreational, Sports, Agriculture & Utility, Military & Defense, Other End-users)


MARKET OVERVIEW

The Canada ATV and UTV market is evaluated to grow with a CAGR of 5.30% over the forecasting period of 2024 to 2032. The market is projected to reach a high revenue by 2032.

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 recereational activities by building tracks for these vehicles. Such factors drive market growth in Canada. 

Estimates suggest that the province of Ontario will likely dominate the market in the coming years. This dominance can be attributed to several clubs actively promoting the maintenance and construction of trails. Furthermore, the involvement of multiple sports and recreational activities organized by the OFATV clubs is expected to further boost the market over the projected timeframe.

Canada ATV and UTV Market

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The Canada ATV and UTV market is segmented into vehicle type, fuel type, displacement, and end-user. The vehicle type segment includes ATV and UTV. An all-terrain vehicle (ATV), commonly referred to as a quad bike, is a vehicle operated by handlebars and designed to travel on low-pressure tires. Typically intended for a maximum of two passengers, some companies have introduced models with four-passenger capacities. The increasing interest in off-road sports activities and ATV championships, such as the GNCC Amateur Competition, stands as one of the primary factors propelling the growth of ATVs.

Utility vehicles are off-road vehicles designed to efficiently perform specific tasks, often surpassing the capabilities of passenger vehicles. They are primarily employed to transport supplies and equipment in areas inaccessible to trucks. These vehicles find diverse applications in farming, material handling, hunting, mountaineering, and various other activities, contributing significantly to the market’s growth. The benefits they offer, such as a compact size for maneuvering in small and remote spaces, enhanced vehicle capacity, lower market prices, and reduced maintenance requirements, further drive their popularity. Additionally, the increasing demand for utility vehicles in sports applications, particularly in sports racing events, is contributing to substantial market growth. 

Some of the top companies operating in the Canada ATV and UTV market include BRP Inc, Honda Motor Company Ltd, Kawasaki Heavy Industries Ltd, etc.

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.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Vehicle Type, Fuel Type, Displacement, and End-User
Countries AnalyzedCanada
Companies AnalyzedBRP Inc, CEMoto, Honda Motor Company Ltd, Kawasaki Heavy Industries Ltd, Polaris Inc, Yamaha Motor Co Ltd, Accenture, Kubota Corporation, Suzuki Motors Corporation

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS 
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
    6. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING POPULARITY OF RECREATIONAL ACTIVITIES AND ADVENTURE SPORTS
      2. DEMAND FOR ATV AND UTV IN MILITARY ACTIVITIES
      3. GOVERNMENT RULES SUPPORTING ATVS AND UTVS
    2. KEY RESTRAINTS
      1. BAN ON ATV AND UTV DRIVING IN WILDLIFE AREA
      2. HIGH MAINTENANCE COSTS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. GROWING USE OF ATVs ON UNEVEN ROADS
      2. INCREASE IN ATV EXPERIENCE ZONES 
    2. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENT
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. MARKET CONCENTRATION ANALYSIS
    5. KEY BUYING CRITERIA
  5. MARKET BY VEHICLE TYPE
    1. ATV
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. UTV
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY FUEL TYPE
    1. GASOLINE POWERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. DIESEL POWERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ELECTRIC POWERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. SOLAR POWERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY DISPLACEMENT
    1. ≤400 (CC)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. 400-800 (CC)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ≥800 (CC)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY END-USER
    1. RECREATIONAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. SPORTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. AGRICULTURE & UTILITY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. MILITARY & DEFENSE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BRP INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. CFMOTO
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTH & CHALLENGES
      3. HONDA MOTOR COMPANY LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. KAWASAKI HEAVY INDUSTRIES LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. POLARIS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTH & CHALLENGES
      6. YAMAHA MOTOR CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. KUBOTA CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. SUZUKI MOTORS CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1:  MARKET SNAPSHOT – ATV AND UTV

TABLE 2:  CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3:  CANADA ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4:  CANADA ATV AND UTV MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5:  CANADA ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6:  CANADA ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7:  CANADA ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8:  CANADA ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9:  CANADA ATV AND UTV MARKET, BY END-USER, FORECAST YEARS 2024-2032 (IN $ MILLION)

TABLE 10:  LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 11:  LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 12:  LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: KEY BUYING CRITERIA

FIGURE 5: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023

FIGURE 6: CANADA ATV AND UTV MARKET, BY ATV, 2024-2032 (IN $ MILLION)

FIGURE 7: CANADA ATV AND UTV MARKET, BY UTV, 2024-2032 (IN $ MILLION)

FIGURE 8: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2023

FIGURE 9: CANADA ATV AND UTV MARKET, BY GASOLINE POWERED, 2024-2032 (IN $ MILLION)

FIGURE 10: CANADA ATV AND UTV MARKET, BY DIESEL POWERED, 2024-2032 (IN $ MILLION)

FIGURE 11: CANADA ATV AND UTV MARKET, BY ELECTRIC POWERED, 2024-2032 (IN $ MILLION)

FIGURE 12: CANADA ATV AND UTV MARKET, BY SOLAR POWERED, 2024-2032 (IN $ MILLION)

FIGURE 13: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2023

FIGURE 14: CANADA ATV AND UTV MARKET, BY ≤400 (CC), 2024-2032 (IN $ MILLION)

FIGURE 15: CANADA ATV AND UTV MARKET, BY 400-800 (CC), 2024-2032 (IN $ MILLION)

FIGURE 16: CANADA ATV AND UTV MARKET, BY ≥800 (CC), 2024-2032 (IN $ MILLION)

FIGURE 17: CANADA ATV AND UTV MARKET, GROWTH POTENTIAL BY END-USER, IN 2023

FIGURE 18: CANADA ATV AND UTV MARKET, BY RECREATIONAL, 2024-2032 (IN $ MILLION)

FIGURE 19: CANADA ATV AND UTV MARKET, BY SPORTS, 2024-2032 (IN $ MILLION)

FIGURE 20: CANADA ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2024-2032 (IN $ MILLION)

FIGURE 21: CANADA ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2024-2032 (IN $ MILLION)

FIGURE 22: CANADA ATV AND UTV MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

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