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NORTH AMERICA ATV AND UTV MARKET FORECAST 2022-2030

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NORTH AMERICA ATV AND UTV MARKET FORECAST 2022-2030

The North America ATV and UTV market is estimated to project a CAGR of 4.44% during the forecast period, 2022-2030. The government regulations in terms of ATV designs, rising disposable income of individuals, high demand for ATV, and developed economy, contribute to market growth.

NORTH AMERICA ATV AND UTV MARKET FORECAST 2022-2030

North America 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 North America ATV and UTV market is estimated to project a CAGR of 4.44% during the forecast period, 2022-2030. The government regulations in terms of ATV designs, rising disposable income of individuals, high demand for ATV, and developed economy, contribute to market growth.

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The North America ATV and UTV market growth analysis includes the assessment of Canada and the United States. In the United States, there are increasing market demands from the defense and farming sectors. In the defense sector, UTVs are used for their ability in quick patrolling in combat operations. In farming, UTVs are used for hunting, farming, and transporting small construction equipment in forests. The carrying capacity of these vehicles is higher than ATVs. At the same time, ATVs are gaining popularity in sports, with the government allocating land for sports events like mountain racing, desert racing, and dirt racing, to encourage off-road recreational activities. They are categorized under the miscellaneous vehicles category in the recreational transportation sector, which is primarily driven by exports.

Further, the growing number of recreational parks for ATV ridings is another important driver of market growth. The US expanded recreational opportunities on public lands by adding over 370 miles to 19 national recreational trails in 17 states in 2017. Moreover, prominent ATV and UTV manufacturers organize racing championships, offering a bonus to the UTV and ATV racers. Such factors are projected to increase the demand for the market studied.

Deere & Company is engaged in equipment operations. It offers utility tractors, harvesters, loaders sprayers, golf course equipment, and pull-behind scrapers. The company’s operating segments include financial services, construction & forestry, and agriculture & turf. It is headquartered in  Moline, Illinois, United States.

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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
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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: NORTH AMERICA ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

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

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

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

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

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

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

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

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

    TABLE 11: NORTH AMERICA 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: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2021

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

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

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

    FIGURE 14: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2021

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

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

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

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

    FIGURE 19: NORTH AMERICA ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

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

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

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

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

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

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

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

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

    FIGURE 28: NORTH AMERICA ATV AND UTV MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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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