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UNITED KINGDOM ATV AND UTV MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

United Kingdom 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 United Kingdom ATV and UTV market is predicted to project a 6.42% CAGR by 2030, and the market is set to generate $327.37 million during the forecast period 2023-2030.

The United Kingdom is expected to host a growing market in the upcoming years for ATV and UTV. These vehicles are called Quad bikes in the country, which need to be sanctioned, enumerated, and taxed for their usage on public roadways. They must also have the front and rear number plates for registration purposes. The touring ATVs and UTVs have the same application as cruiser motorcycles, and as a result, they are used in various rocky cities’ touring or adventures. On the other hand, leading automakers are introducing a new range of UTVs to the country’s market to take advantage of the booming UTV sales.

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ATVs are classified as motorized off-road vehicles with a seat built to be straddled by the driver, four low-pressure or non-pneumatic tires, and handlebars for steering. The construction and use of utility terrain vehicles, or UTVs, are mostly for business purposes. They have a lot of storage space, are big and powerful, and can accommodate two passengers sitting side by side. They are frequently used to transport supplies and equipment when employing a truck is difficult or impossible. Factors such as the growing popularity of adventure sports, increasing ATV & UTV use in the military, and government rules supporting ATVs & UTVs are expected to contribute to the market growth.

The United Kingdom ATV and UTV market study includes an analysis of end-user, vehicle type, fuel type, and displacement. Market by end-user includes military & defense, recreational, agriculture & utility, sports, and other end-users.

The growing applications and popularity drive the recreational segment among people. Recreational activities include camping, hunting, and leisure off-road trailing. ATVs and UTVs are gaining traction as camping companions since they aid in carrying heavy cargo and gear for a camping trip. Using a hitch accessory, they can haul a small trailer attached to it containing camping commodities, such as camps, backpacks, camera gear, clothes, and eateries. Moreover, the vehicles can climb up through rough terrains, which are otherwise inaccessible on foot. Also, ATVs are handy in terms of ice fishing. For instance, they can be driven on the ice, carry supplies, and bring the catch home. Moreover, if necessary, they can even tow shed on the ice if it is thick enough to hold it safely.

On the other hand, ATVs and UTVs are used in farms and other agricultural activities. Although tractors are still the go-to vehicles, they are being replaced by ATVs and UTVs in some applications. While ATVs and UTVs cannot match a tractor’s strength, their smaller sizes and versatility allow farmers to travel easily across large distances and perform various jobs.

ATVs and UTVs enable one to quickly and conveniently carry supplies around the farm. A big UTV can carry hundreds of kilograms of materials easily. Also, an ATV or a UTV can be turned into a miniature tractor to plow fields by adding a chisel plow or disk plow rack to the machine. This also helps in cultivating fields to prepare them for crop or garden planting.

Some of the prominent companies in the United Kingdom ATV and UTV market include Honda Motor Co Ltd, Yamaha Motor Co, etc.

Yamaha Motor Co Ltd develops marine products, motorcycles, industrial machinery and robots, power products, and other products. It offers commuter and recreational vehicles, including all-terrain vehicles, off-highway vehicles, and snowmobiles. In addition, it provides personal watercraft, electrically power-assisted bicycles, lightweight electric wheelchairs, unmanned helicopters, wakeboard towing boats, marine engines, generators, multipurpose engines, industrial robots, and golf cars. It operates through development, production, and sales networks across the world. Yamaha Motor is headquartered in Shizuoka, Japan.

The 2022 Raptor 90 from Yamaha is an ATV designed for riders age 10 and up with an electric start, reverse and legendary Raptor styling, and 90cc air-cooled SOHC 4-stroke; 2 valves.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Vehicle Type, Fuel Type, Displacement, End-User
Countries AnalyzedUnited Kingdom
Companies AnalyzedBRP Inc, CFMOTO, Honda Motor Company Ltd, Kawasaki Heavy Industries Ltd, Polaris Inc, Yamaha Motor Co Ltd

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. KEY GROWTH ENABLERS
    5. KEY CHALLENGES
    6. MAJOR MARKET FINDINGS
  3. KEY ANALYTICS
    1. CRISIS SCENARIO ANALYSIS
    2. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENT
    3. KEY MARKET TRENDS
    4. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    5. GROWTH PROSPECT MAPPING
    6. MARKET MATURITY ANALYSIS
    7. MARKET CONCENTRATION ANALYSIS
    8. KEY BUYING CRITERIA
  4. MARKET BY VEHICLE TYPE
    1. ATV
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. UTV
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  5. MARKET BY FUEL TYPE
    1. GASOLINE-POWERED
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. DIESEL-POWERED
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    3. ELECTRIC-POWERED
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    4. SOLAR-POWERED
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  6. 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
  7. 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
  8. 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. FINANCIAL ANALYSIS
        4. STRENGTHS & CHALLENGES
      2. CFMOTO
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. FINANCIAL ANALYSIS
        4. STRENGTH & CHALLENGES
      3. HONDA MOTOR COMPANY LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. FINANCIAL ANALYSIS
        4. STRENGTHS & CHALLENGES
      4. KAWASAKI HEAVY INDUSTRIES LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. FINANCIAL ANALYSIS
        4. STRENGTHS & CHALLENGES
      5. POLARIS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. FINANCIAL ANALYSIS
        4. STRENGTH & CHALLENGES
      6. YAMAHA MOTOR CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. FINANCIAL ANALYSIS
        4. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ATV AND UTV

TABLE 2: UNITED KINGDOM ATV AND UTV MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: UNITED KINGDOM ATV AND UTV MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 5: UNITED KINGDOM ATV AND UTV MARKET, BY FUEL TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 6: UNITED KINGDOM ATV AND UTV MARKET, BY DISPLACEMENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: UNITED KINGDOM ATV AND UTV MARKET, BY DISPLACEMENT, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 9: UNITED KINGDOM ATV AND UTV MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (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: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: UNITED KINGDOM ATV AND UTV MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2022

FIGURE 8: UNITED KINGDOM ATV AND UTV MARKET, BY ATV, 2023-2030 (IN $ MILLION)

FIGURE 9: UNITED KINGDOM ATV AND UTV MARKET, BY UTV, 2023-2030 (IN $ MILLION)

FIGURE 10: UNITED KINGDOM ATV AND UTV MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2022

FIGURE 11: UNITED KINGDOM ATV AND UTV MARKET, BY GASOLINE-POWERED, 2023-2030 (IN $ MILLION)

FIGURE 12: UNITED KINGDOM ATV AND UTV MARKET, BY DIESEL-POWERED, 2023-2030 (IN $ MILLION)

FIGURE 13: UNITED KINGDOM ATV AND UTV MARKET, BY ELECTRIC-POWERED, 2023-2030 (IN $ MILLION)

FIGURE 14: UNITED KINGDOM ATV AND UTV MARKET, BY SOLAR-POWERED, 2023-2030 (IN $ MILLION)

FIGURE 15: UNITED KINGDOM ATV AND UTV MARKET, GROWTH POTENTIAL, BY DISPLACEMENT, IN 2022

FIGURE 16: UNITED KINGDOM ATV AND UTV MARKET, BY ≤400 (CC), 2023-2030 (IN $ MILLION)

FIGURE 17: UNITED KINGDOM ATV AND UTV MARKET, BY 400-800 (CC), 2023-2030 (IN $ MILLION)

FIGURE 18: UNITED KINGDOM ATV AND UTV MARKET, BY ≥800 (CC), 2023-2030 (IN $ MILLION)

FIGURE 19: UNITED KINGDOM ATV AND UTV MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 20: UNITED KINGDOM ATV AND UTV MARKET, BY RECREATIONAL, 2023-2030 (IN $ MILLION)

FIGURE 21: UNITED KINGDOM ATV AND UTV MARKET, BY SPORTS, 2023-2030 (IN $ MILLION)

FIGURE 22: UNITED KINGDOM ATV AND UTV MARKET, BY AGRICULTURE & UTILITY, 2023-2030 (IN $ MILLION)

FIGURE 23: UNITED KINGDOM ATV AND UTV MARKET, BY MILITARY & DEFENSE, 2023-2030 (IN $ MILLION)

FIGURE 24: UNITED KINGDOM ATV AND UTV MARKET, BY OTHER END-USERS, 2023-2030 (IN $ MILLION)

FIGURE 25: BRP INC, COMPANY REVENUE, IN 2018-2021 (IN $ MILLION)

FIGURE 26: BRP INC, COMPANY PROFIT, IN 2018-2021 (IN $ MILLION)

FIGURE 27: BRP INC, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 28: BRP INC, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 29: CFMOTO, COMPANY REVENUE, IN 2018-2021 (IN $ MILLION)

FIGURE 30: CFMOTO, COMPANY PROFIT, IN 2018-2021 (IN $ MILLION)

FIGURE 31: HONDA MOTOR CO LTD, COMPANY REVENUE, IN 2018-2021 (IN $ MILLION)

FIGURE 32: HONDA MOTOR CO LTD, COMPANY PROFIT, IN 2018-2021 (IN $ MILLION)

FIGURE 33: HONDA MOTOR CO LTD, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 34: HONDA MOTOR CO LTD, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 35: KAWASAKI HEAVY INDUSTRIES LTD, COMPANY REVENUE, IN 2018-2021 (IN $ MILLION)

FIGURE 36: KAWASAKI HEAVY INDUSTRIES LTD, COMPANY PROFIT, IN 2018-2021 (IN $ MILLION)

FIGURE 37: KAWASAKI HEAVY INDUSTRIES LTD, COMPANY REVENUE, BY SEGMENT, IN 2020 (IN %)

FIGURE 38: KAWASAKI HEAVY INDUSTRIES LTD, COMPANY REVENUE, BY GEOGRAPHY, IN 2020 (IN %)

FIGURE 39: POLARIS INC, COMPANY REVENUE, IN 2018-2021 (IN $ MILLION)

FIGURE 40: POLARIS INC, COMPANY PROFIT, IN 2018-2021 (IN $ MILLION)

FIGURE 41: POLARIS INC, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 42: POLARIS INC, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 43: YAMAHA MOTOR CO LTD, COMPANY REVENUE, IN 2018-2021 (IN $ MILLION)

FIGURE 44: YAMAHA MOTOR CO LTD, COMPANY PROFIT, IN 2018-2021 (IN $ MILLION)

FIGURE 45: YAMAHA MOTOR CO LTD, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 46: YAMAHA MOTOR CO LTD, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

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