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EUROPE ELECTRIC ATV AND UTV MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Europe 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 Europe electric ATV and UTV market is set to record a CAGR of 11.45% during the forecast period, 2024-2032, and is projected to reach a revenue of $xx million by 2032.

The Europe electric ATV and UTV market growth is accredited to the increased farming activities alongside recreational applications. Also, the analyzed market has huge potential in Europe, given its rocky mountain ranges and uneven terrain. In addition, the surging demand across the forestry, hunting, entertainment, sports, agriculture, and military applications offers growth opportunities for the electric ATV and UTV utility in the region.

However, the Europe electric ATV and UTV market growth is hampered by stringent operational regulations.

Europe Electric ATV and UTV Market

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The Europe electric ATV and UTV market growth assessment includes the analysis of the United Kingdom, Germany, Spain, France, Italy, and Rest of Europe. Over the recent years, the increased utilization of ATVs and UTVs in Germany has been supported by factors like agricultural and landscaping activities, and this trend is anticipated to experience substantial growth. Numerous nature parks have incorporated the use of these vehicles for various purposes such as horticulture, herding, and cutting. Several manufacturers are launching innovative ATVs and UTVs featuring advanced technologies, including options with all-electric drivetrains, thereby contributing to an anticipated rise in market demand for all-terrain vehicles.

Whereas the increasing demand for ATVs and UTVs in agriculture, sports, forestry, and recreational activities is fueling market growth in France. The proliferation of leisure and sports parks has shown a steady rise over time. The market growth is thus accredited to the escalating popularity of recreational pursuits involving UTVs and ATVs, as well as the trend toward adventure sports.

The Europe electric ATV and UTV market segmentation includes propulsion type, displacement, battery capacity, end-user, and vehicle type. The vehicle type segment includes ATV and UTV.

As per the American National Standards Institute (ANSI), an all-terrain vehicle (ATV) is characterized by low-pressure tires, seats for the operator to straddle, and steering wheel handlebars. The ATV Safety Institute defines it as a motorized off-highway vehicle designed to move on four non-pneumatic or low-pressure tires, featuring a seat for the operator to straddle and handlebars for steering control. These vehicles are typically divided into two types: Type I and Type II.

Type I ATVs are designed for single operators, without the capacity for passengers. Conversely, Type II ATVs are intended for operation by an operator along with passengers and are equipped with dedicated seating for them. Additionally, ATVs are available in various sizes tailored to the rider’s age, with youth ATV models specifically designed for smaller hands and feet, operating at comparatively slower speeds.

Furthermore, UTVs share similarities with ATVs, yet their primary focus is on utility rather than recreational purposes. Specifically crafted for work-related activities, these robust vehicles feature ample storage space to transport supplies and equipment, as well as facilitate specialized tasks through various add-ons and accessories. Commonly known as Side-by-Side (SxS), UTVs come equipped with four to six tires, contingent on their intended use, and offer seating for up to six passengers.

In contrast to ATVs, UTVs exhibit greater power and speed. Farmers, ranch owners, and hunters increasingly favor UTVs for their capability to navigate challenging terrains and their impressive payload and cargo capacity. These versatile vehicles are also present in educational institutions, serving transportation needs for sports equipment, athletes, and various minor tasks around the campus.

Some of the eminent companies in the Europe electric ATV and UTV market are Polaris Inc, Yamaha Motor Co Ltd, Textron Inc (Arctic Cat), etc.

Polaris Inc manufactures automobiles and specializes in designing, producing, and engineering off-road vehicles (ORVs), including side-by-side vehicles and all-terrain vehicles (ATVs) for utility & recreation. Also, the company offers associated replacement parts, garments, and accessories. The company has operations in Norway, India, China, Mexico, Brazil, Canada, France, Sweden, Australia, Germany, and the United Kingdom, with headquarters in Medina, Minnesota, the United States.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
End-User, Battery Capacity, Displacement, Propulsion Type, and Vehicle Type
Countries AnalyzedThe United Kingdom, Germany, Spain, France, Italy, and Rest of Europe
Companies AnalyzedBRP 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 CONTENTS
  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 CONCENTRATION ANALYSIS
    5. 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. 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
  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

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ELECTRIC ATV AND UTV

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

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

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

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

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

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

TABLE 8: EUROPE ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: EUROPE ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: EUROPE ELECTRIC ATV AND UTV MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: EUROPE ELECTRIC ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

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

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

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: 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 CONCENTRATION ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: EUROPE ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023

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

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

FIGURE 9: EUROPE ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2023

FIGURE 10: EUROPE ELECTRIC ATV AND UTV MARKET, BY BATTERY ELECTRIC ATV AND UTV, 2024-2032 (IN $ MILLION)

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

FIGURE 12: EUROPE ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2023

FIGURE 13: EUROPE ELECTRIC ATV AND UTV MARKET, BY ≤400 (CC), 2024-2032 (IN $ MILLION)

FIGURE 14: EUROPE ELECTRIC ATV AND UTV MARKET, BY 400-800 (CC), 2024-2032 (IN $ MILLION)

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

FIGURE 16: EUROPE ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY BATTERY CAPACITY, IN 2023

FIGURE 17: EUROPE ELECTRIC ATV AND UTV MARKET, BY UP TO 48V, 2024-2032 (IN $ MILLION)

FIGURE 18: EUROPE ELECTRIC ATV AND UTV MARKET, BY 48V TO 72V, 2024-2032 (IN $ MILLION)

FIGURE 19: EUROPE ELECTRIC ATV AND UTV MARKET, BY MORE THAN 72V, 2024-2032 (IN $ MILLION)

FIGURE 20: EUROPE ELECTRIC ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 21: EUROPE ELECTRIC ATV AND UTV MARKET, BY RECREATIONAL, 2024-2032 (IN $ MILLION)

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

FIGURE 23: EUROPE ELECTRIC ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2024-2032 (IN $ MILLION)

FIGURE 24: EUROPE ELECTRIC ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2024-2032 (IN $ MILLION)

FIGURE 25: EUROPE ELECTRIC ATV AND UTV MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 26: EUROPE ELECTRIC ATV AND UTV MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 27: UNITED KINGDOM ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

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

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

FIGURE 30: SPAIN ELECTRIC ATV AND UTV MARKET, 2024-2032 (IN $ MILLION)

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

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

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