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GLOBAL ELECTRIC ATV AND UTV MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global Electric ATV and UTV Market by Vehicle Type (ATV, UTV) Market by Propulsion Type (Battery Electric ATV and UTV, Hybrid Electric ATV and UTV) Market by Displacement (≤400 (CC), 400-800 (CC), ≥800 (CC)) Market by Battery Capacity (Up to 48V, 48V to 72V, More Than 72V) Market by End-user (Recreational, Sports, Agriculture & Utility, Military & Defense, Other End-users) by Geography


MARKET OVERVIEW

The global electric ATV and UTV market is expected to reach $xx million by 2032, growing at a CAGR of 18.50% during the forecast period, 2024-2032. The base year considered for the study is 2023, and the estimated period is between 2024 and 2032. The market study has also analyzed the impact of COVID-19 on the electric ATV and UTV market qualitatively as well as quantitatively.

ATVs and UTVs are increasingly used globally. The vehicles’ rising popularity can be attributed to their ability to function in a variety of terrains. Traditionally, ATVs and UTVs were utilized for sports and leisure on hiking routes and natural areas. In addition, these vehicles are helpful in warehouses, shipping yards, and agriculture.

Further, with advancing vehicle technologies, the use of electric drivetrains in ATVs and UTVs has also progressed. Accordingly, ATVs and UTVs will increasingly use electric drivetrains as vehicle battery technology advances to increase vehicle range and charging efficiency.

Electric ATV and UTV Market

Read our latest blog on the Electric ATV and UTV Market

GROWTH ENABLERS

Key growth enablers of the global electric ATV and UTV market are:

  • Low noise emissions from electric ATVs and UTVs improve their applicability
    • Electrical ATVs and UTVs are noiseless due to their electric drivetrain. This feature could be helpful in a variety of scenarios where it can reduce unpleasant vehicle noise and enhance driver comfort.
    • Electric ATVs call for appropriate usage in state and local parks as park vehicles since they do not produce discomforting noise for park visitors or wildlife. In addition, they release zero emissions while maintaining trails and amenities.
  • Increasing global awareness regarding emission reduction

GROWTH RESTRAINTS

Key factors restraining the global electric ATV and UTV market growth are:

  • Vehicle range and battery weight concerns
    • Range anxiety, which is primarily associated with electric vehicles, is the worry of running out of energy before arriving at a charging station. This can be a major restraint. In addition, customers are less likely to find electric ATVs and UTVs appealing because of their lengthy charging time, reaching several hours.
    • Battery weight significantly affects vehicle performance since electric vehicles need large batteries for energy storage, and the additional weight decreases the efficiency of transferring electricity over travel distances.
  • Costlier than internal combustion engine ATVs and UTVs

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KEY MARKET TRENDS

Global Electric ATV and UTV Market | Top Trends

  • Globally, government support for creating more environmentally friendly and emission-free automobiles is on the rise. Several governments have enacted policies and laws to reduce car emissions and provide financial incentives for the purchase of electric vehicles to boost consumer acceptance.
  • Similar developments might occur in the market for electric ATVs and UTVs because of the introduction of awards to promote the development and uptake of electric ATVs and UTVs, including the TRAILS GRANTS Program and the Zero-Emission Agricultural Utility Terrain Vehicle (UTV) Voucher.

MARKET SEGMENTATION

Market Segmentation – Vehicle Type, Propulsion Type, Displacement, Battery Capacity, and End-User –

Market by Vehicle Type:

  • ATV
  • UTV

Market by Propulsion Type:

  • Battery Electric ATV and UTV
    • Battery electric ATVs and UTVs utilize an electric motor and battery set up for their propulsion.
    • Compared to their ICE counterparts, battery-electric ATVs and UTVs have a number of benefits, including silent operation, less exhaust emissions, and lower maintenance expenses since they have fewer moving parts and lower wear & tear costs.
    • Market players such as the UK-based motor vehicle manufacturer with a focus on electric vehicles and ATVs, Eco Charger Ltd, offer a range of fully-electric ATV models. Whereas HISUN Motors offers all-electric ATVs.
  • Hybrid Electric ATV and UTV

Market by Displacement:

  • ≤400 (CC)
  • 400-800 (CC)
  • ≥800 (CC)

Market by Battery Capacity:

  • Up to 48V
  • 48V to 72V
  • More than 72V

Market by End-User:

  • Recreational
  • Sports
    • Usage of electric ATVs is growing in a variety of ATV racing categories, such as drag racing, flat-track, motocross, cross-country, desert, and trail racing. Professional sporting events are rapidly utilizing electric ATVs for their activities.
    • ATVs and UTVs are used across the globe for racing events, such as the American Motorcyclist Association in the United States, Dragon Quad Racing in the United Kingdom, Canada Council of Snowmobiles in Canada, and the Aravalli Terrain Vehicle Championship in India. Generally, ATV racing events are more popular than UTV racing events.
  • Agriculture & Utility
  • Military & Defense
  • Other End-Users

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions:

  • North America: The United States and Canada
    • North America has a higher share globally, owing to the presence of major industry players such as Polaris Inc and Textron Inc.
    • Also, ATVs for sports are gaining high popularity, with the US government encouraging off-road recreational activities by allocating land for dirt, desert, and mountain racing.
    • Additionally, economic development has led to the increased disposable income of consumers, resulting in high consumer spending.
    • Furthermore, farmers and hunters use UTVs for farming, hunting, and carrying small construction equipment in forests. The carrying capacity of UTVs is higher than the ATVs as they can carry high back loads.
  • Europe: The United Kingdom, Germany, France, Italy, Spain, and Rest of Europe 
  • Asia Pacific: China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific
  • Rest of World: Latin America and the Middle East & Africa

MAJOR PLAYERS

The major players in the global electric ATV and UTV market are:

  • BRP Inc
  • Eco Charger
  • Honda Motor Company Ltd
  • Textron Inc (Arctic Cat)
  • DRR USA

Key strategies adopted by some of these companies:

  • Tesla, a global player engaged in the EV business, also offers electric quad bikes. It re-introduced the $1,900 Cyberquad for kids. The battery-powered Cyberquad for Kids has a 500W motor with a top speed of 10 mph and a max range of 15 miles, with LED headlights and taillights.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedVehicle Type, Propulsion Type, Displacement, Battery Capacity, and End-User
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

BRP Inc, CFMOTO, Eco Charger, Hisun Motors Corporation, Honda Motor Company Ltd, Kawasaki Heavy Industries Ltd, Polaris Inc, Suzuki Motor Corporation, Textron Inc (Arctic Cat), Yamaha Motor Co Ltd, DRR USA

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. GROWING DEFENSE ACTIVITIES AND EXPENSES AID MARKET GROWTH
      2. SHIFTING FOCUS TOWARD ELECTRIC VARIANTS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. LOW NOISE EMISSIONS FROM ELECTRIC ATVs AND UTVs IMPROVE THEIR APPLICABILITY
      2. INCREASING GLOBAL AWARENESS REGARDING EMISSION REDUCTION
    2. KEY RESTRAINTS
      1. VEHICLE RANGE AND BATTERY WEIGHT CONCERNS
      2. COSTLIER THAN INTERNAL COMBUSTION ENGINE ATVs AND UTVs
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. KEY BUYING CRITERIA
  5. MARKET BY VEHICLE TYPE
    1. ATV
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. UTV
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY PROPULSION TYPE
    1. BATTERY ELECTRIC ATV AND UTV
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. HYBRID ELECTRIC ATV AND UTV
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY DISPLACEMENT
    1. ≤400 (CC)
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. 400-800 (CC)
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    3. ≥800 (CC)
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY BATTERY CAPACITY
    1. UP TO 48V
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. 48V TO 72V
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    3. MORE THAN 72V
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  9. MARKET BY END-USER
    1. RECREATIONAL
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. SPORTS
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    3. AGRICULTURE & UTILITY
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    4. MILITARY & DEFENSE
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER END-USERS
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  10. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA ELECTRIC ATV AND UTV MARKET DRIVERS
      3. NORTH AMERICA ELECTRIC ATV AND UTV MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA ELECTRIC ATV AND UTV MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA STATES ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE ELECTRIC ATV AND UTV MARKET DRIVERS
      3. EUROPE ELECTRIC ATV AND UTV MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE ELECTRIC ATV AND UTV MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        4. SPAIN
          1. SPAIN ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        5. ITALY
          1. ITALY ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        6. REST OF EUROPE
          1. REST OF EUROPE ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET DRIVERS
      3. ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET CHALLENGE
      4. KEY PLAYERS IN ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        5. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        6. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD ELECTRIC ATV AND UTV MARKET DRIVERS
      3. REST OF WORLD ELECTRIC ATV AND UTV MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD ELECTRIC ATV AND UTV MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA ELECTRIC ATV AND UTV MARKET SIZE & OPPORTUNITIES
  11. 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. ECO CHARGER
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. HISUN MOTORS CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. HONDA MOTOR COMPANY LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. KAWASAKI HEAVY INDUSTRIES LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. POLARIS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTH & CHALLENGES
      8. SUZUKI MOTOR CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTH & CHALLENGES
      9. TEXTRON INC (ARCTIC CAT)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. YAMAHA MOTOR CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      11. DRR USA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ELECTRIC ATV AND UTV

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

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

TABLE 4: GLOBAL ATV MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL ATV MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: GLOBAL UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL UTV MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: GLOBAL ELECTRIC ATV AND UTV MARKET, BY PROPULSION TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL ELECTRIC ATV AND UTV MARKET, BY PROPULSION TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: GLOBAL BATTERY ELECTRIC ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL BATTERY ELECTRIC ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: GLOBAL HYBRID ELECTRIC ATV AND UTV MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL HYBRID ELECTRIC ATV AND UTV MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: GLOBAL ELECTRIC ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL ELECTRIC ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: GLOBAL ≤400 (CC) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL ≤400 (CC) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 18: GLOBAL 400-800 (CC) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL 400-800 (CC) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 20: GLOBAL ≥800 (CC) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL ≥800 (CC) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 22: GLOBAL ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 24: GLOBAL UP T0 48V MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL UP T0 48V MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 26: GLOBAL 48V TO 72V MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL 48V TO 72V MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 28: GLOBAL MORE THAN 72V MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL MORE THAN 72V MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 30: GLOBAL ELECTRIC ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: GLOBAL ELECTRIC ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 32: GLOBAL RECREATIONAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: GLOBAL RECREATIONAL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 34: GLOBAL SPORTS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: GLOBAL SPORTS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 36: GLOBAL AGRICULTURE & UTILITY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: GLOBAL AGRICULTURE & UTILITY MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 38: GLOBAL MILITARY & DEFENSE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: GLOBAL MILITARY & DEFENSE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 40: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 41: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 42: GLOBAL ELECTRIC ATV AND UTV MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 43: GLOBAL ELECTRIC ATV AND UTV MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 44: NORTH AMERICA ELECTRIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 45: NORTH AMERICA ELECTRIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 46: KEY PLAYERS OPERATING IN NORTH AMERICA ELECTRIC ATV AND UTV MARKET

TABLE 47: EUROPE ELECTRIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 48: EUROPE ELECTRIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 49: KEY PLAYERS OPERATING IN EUROPE ELECTRIC ATV AND UTV MARKET

TABLE 50: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 51: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 52: KEY PLAYERS OPERATING IN THE ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET

TABLE 53: REST OF WORLD ELECTRIC ATV AND UTV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 54: REST OF WORLD ELECTRIC ATV AND UTV MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 55: KEY PLAYERS OPERATING IN REST OF WORLD ELECTRIC ATV AND UTV MARKET

TABLE 56: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 57: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 58: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: GLOBAL ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023

FIGURE 8: GLOBAL ELECTRIC ATV AND UTV MARKET, BY ATV, 2024-2032 (IN $ MILLION)

FIGURE 9: GLOBAL ELECTRIC ATV AND UTV MARKET, BY UTV, 2024-2032 (IN $ MILLION)

FIGURE 10: GLOBAL ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2023

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

FIGURE 12: GLOBAL ELECTRIC ATV AND UTV MARKET, BY HYBRID ELECTRIC ATV AND UTV, 2024-2032 (IN $ MILLION)

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

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

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

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

FIGURE 17: GLOBAL ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY BATTERY CAPACITY, IN 2023

FIGURE 18: GLOBAL ELECTRIC ATV AND UTV MARKET, BY UP TO 48V, 2024-2032 (IN $ MILLION)

FIGURE 19: GLOBAL ELECTRIC ATV AND UTV MARKET, BY 48V TO 72V, 2024-2032 (IN $ MILLION)

FIGURE 20: GLOBAL ELECTRIC ATV AND UTV MARKET, BY MORE THAN 72V, 2024-2032 (IN $ MILLION)

FIGURE 21: GLOBAL ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 22: GLOBAL ELECTRIC ATV AND UTV MARKET, BY RECREATIONAL, 2024-2032 (IN $ MILLION)

FIGURE 23: GLOBAL ELECTRIC ATV AND UTV MARKET, BY SPORTS, 2024-2032 (IN $ MILLION)

FIGURE 24: GLOBAL ELECTRIC ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2024-2032 (IN $ MILLION)

FIGURE 25: GLOBAL ELECTRIC ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2024-2032 (IN $ MILLION)

FIGURE 26: GLOBAL ELECTRIC ATV AND UTV MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 27: NORTH AMERICA ELECTRIC ATV AND UTV MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 28: UNITED STATES ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 29: CANADA ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 30: EUROPE ELECTRIC ATV AND UTV MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 31: UNITED KINGDOM ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 32: GERMANY ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 33: FRANCE ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 34: SPAIN ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 35: ITALY ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 36: REST OF EUROPE ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 37: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 38: CHINA ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 39: JAPAN ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 40: INDIA ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 41: SOUTH KOREA ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 42: AUSTRALIA & NEW ZEALAND ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 43: REST OF ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 44: REST OF WORLD ELECTRIC ATV AND UTV MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 45: LATIN AMERICA ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FIGURE 46: MIDDLE EAST & AFRICA ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

FAQ’s

FAQs

The global electric ATV and UTV market is expected to reach $xx million by 2032, growing at a CAGR of 18.50% during the forecast period.

Yes, the market study has also analyzed the impact of COVID-19 on the market qualitatively as well as quantitatively.

North America is the fastest-growing region in the global electric ATV and UTV market.