ATV & UTV Market Size is Projected To Reach USD 14,109.2 Million By 2025 - Valuates Report
BANGALORE, India, Aug. 20, 2020 /PRNewswire/ -- Factors such as growing trends in adventure sports & leisure activities, the use of ATV and UTV in military operations, and government rules to allow driving ATVs and UTVs on-road is expected to increase the growth of the ATV and UTV markets size.
The global ATV & UTV market size was USD 7,628.0 Million in 2017 and is projected to reach USD 14,109.2 Million by 2025, registering a CAGR of 7.8% from 2018 to 2025.
This study includes an analytical representation of the ATV and UTV market analysis along with the current trends and future estimates to depict the imminent pockets of investment.
Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Auto-2F327/ATV_and_UTV
TRENDS INFLUENCING THE ATV AND UTV MARKET SIZE
Tourism councils have begun to incorporate ATV and UTV based activities by building tracks to attract and keep visitors in their country for a longer period of time. Several countries organize annual championships, and this is gaining considerable popularity as anyone able to drive UTV can take part in the race. This rise in adventure sports trends entices tourists, thereby increasing the ATV and UTV market size over the forecast period.
The increasing preference of UTV and ATV by military forces around the world is expected to increase the ATV and UTV market size. The military uses more ATVs to diversify their applications, including long-distance transport of armed forces and munitions. The need for vehicles to run in rough terrain is providing an impetus for the growth of ATV and UTV market. For instance, the United States Army has shown interest in acquiring ATVs with features such as rapid transportation capabilities and the ability to carry nine fully armed soldiers, agility, and a minimum of 55 mph.
ATVs and UTVs are very useful in activities such as hunting, nature exploration, hiking, and other outdoor exploration, but these vehicles are often very risky and dangerous. The number of ATVs and UTVs available on the market is growing. This, in turn, raises the number of ATV and UTV-related incidents increasing. Production of ATVs and UTVs with additional safety measures to avoid injuries and death will give the key players operating on the ATV and UTV market the opportunity to dominate the space.
Nevertheless, the ban on ATV & UTV driving in wildlife areas due to terrain damage and high maintenance costs of ATVs and UTVs can impede market growth.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-2F327/atv-and-utv
ATV AND UTV MARKET SHARE ANALYSIS
Based on the end-user segment, mountaineering held the largest ATV and UTV Market share in 2018. The segment is expected to hold on to its share during the forecast period.
Based on the region, North America is expected to hold the largest market share during the forecast period. This dominance is attributed to the increase in the use of ATV for military purposes.
The Asia-Pacific region is expected to witness the highest growth rate during the forecast period. Developing countries such as India and China are projected to become one of the largest consumers of ATV and UTV vehicles.
Inquire For Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-2F327/ATV_and_UTV_Market
ATV & UTV KEY MARKET SEGMENTS:
By Vehicle Type
- ATV
- UTV
By Displacement
- < 400 (CC)
- 400-800 (CC)
- > 800 (CC)
By Fuel Type
- Gasoline Powered
- Diesel Powered
- Electric Powered
- Solar Powered
By Application
- Utility
- Sports
- Others
By End-user Vertical
- Agriculture
- Military
- Mountaineering
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-2F327&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-2F327&lic=enterprise-user
SIMILAR REPORTS
- ATV-UTV Tire Market Report
The global ATV-UTV tire market size was USD 385.8 Million in 2018 and is projected to reach USD 698.1 Million by 2026, registering a CAGR of 7.5%.
North America was the largest contributor to revenue in 2018, generating USD 196.6 million and is expected to hit USD 327.8 million by 2026, with a CAGR to 6.4%. On the other hand, Asia-Pacific is estimated to reach USD 258.6 million by 2026, at a significant CAGR of 9.0%.
Collectively, North America and Asia-Pacific accounted for about 84.1 percent of the share in 2018, with North America accounting for around 51.0 percent.
Over the projected period, Asia-Pacific and Europe are expected to see substantial CAGRs of 9.0 percent and 8.2 percent, respectively. The combined share of these two segments in 2018 was 44.2 percent, and by 2026 it is projected to hit 48.7 percent.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-4V21/atv-utv-tire
- Utility Terrain Vehicle (UTV) Market Report
The global demand for utility terrain vehicles is driven by this vehicle's ability to operate on rugged terrains, which is a significant factor in defense & military operations. Furthermore, its high cargo carrying capacity and rapid hard surface mobility are essential for anti-terrorist operations and border security fights in coastal areas, which further propels the market growth.
Top companies in the Utility Terrain Vehicle Market are Polaris Industries (U.S.), John Deere (U.S.), Kawasaki (Japan), Yamaha Motor (Japan), Kubota (Japan), Arctic Cat (U.S.), Honda (Japan), Bombardier Aerospace (U.S.), Suzuki (Japan), and Tomcar (U.S.)
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-15Z602/global-utv-utility-terrain-vehicle
- Amphibious ATV Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-35Q1944/global-amphibious-atv
- Covid-19 Impact on Global All-electric ATV Market Report
The report offers an exhaustive geographical analysis of the global All-electric ATV market, covering important regions, viz, North America, Europe, China, Japan, South Korea, and India.
The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of volume for 2015-2026.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-32T604/global-all-electric-atv
- Global ATV Lighting Systems Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-11S963/global-atv-lighting-systems
- Sports ATV Equipment Market Report
The increase in the number of sports enthusiasts driving ATVs and various vendors developing ATV experience zones is the major factor contributing to the growth of Sports ATV Equipment Market size.
View Full Report:https://reports.valuates.com/market-reports/QYRE-Auto-4T516/global-united-states-european-union-and-china-sports-atv-equipment
- Global ATV and SxS Market Report
View Full Report:https://reports.valuates.com/market-reports/QYRE-Auto-31K2436/covid-19-impact-on-global-atv-and-sxs
- ATV Audio Systems Industry Research Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1J333/atv-audio-systems-industry
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call: 1-(315)-215-3225
For IST Call: +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
SOURCE Valuates Reports
Share this article