All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market 2024 - By Growth Analysis, Opportunities, Business Insights, Key Trends And Forecast By 2033
The All-Terrain Vehicle (ATV) and
Utility Task Vehicle (UTV) by The Business Research Company provides market
overview across 60+ geographies in the seven regions - Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, the Middle East, and
Africa, encompassing 27 major global industries. The report presents a
comprehensive analysis over a ten-year historic period (2010-2021) and extends
its insights into a ten-year forecast period (2023-2033).
Learn More On The All-Terrain
Vehicle (ATV) and Utility Task Vehicle (UTV) Market:
According to The Business Research
Company’s All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV), The
all-terrain vehicle (atv) and utility task vehicle (utv) market size has grown
strongly in recent years. It will grow from $9.53 billion in 2023 to $10.4
billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The
growth in the historic period can be attributed to emerging markets
growth, the increasing atv and utv use in military activities and growth in the
global population..
The all-terrain vehicle (atv) and
utility task vehicle (utv) market size is expected to see strong growth in the
next few years. It will grow to $14.58 billion in 2028 at a compound annual
growth rate (CAGR) of 8.8%. The growth
in the forecast period can be attributed to the rising urbanization, the
increasing number of high-net-worth individuals and the increasing global
awareness to reduce greenhouse gas emissions.. Major trends in the forecast
period include manufacturing electric atvs and utvs to reduce the fossil fuel
consumption, noise and emissions, focus on manufacturing amphibious terrain
vehicles, which can be fitted with flotation screens, or flotation collars
which give additional buoyancy in the water allowing these vehicles to wade
through deeper waters, focus on collaborations and acquisitions to improve
their financial strength, strengthen their product portfolio and expand their
geographical presence and focus on product innovations and developing new
product solutions to strengthen their position in the market. .
The increasing global awareness of
reducing greenhouse gas emissions will support the growth of the ATV and UTV
market. Raising awareness and thereby understanding the effects of climate
change on health will facilitate both behavioral change and societal support
for the actions needed to reduce greenhouse gas emissions. For example,
according to the US Environmental Protection Agency (EPA), the transportation
sector generates the largest share of greenhouse gas emissions. Greenhouse gas
emissions from transportation primarily come from burning fossil fuel for cars,
trucks, ships, trains and planes. Over 94% of the fuel used for transportation
is petroleum-based, which includes primarily gasoline and diesel. Therefore,
the increasing global awareness of reducing greenhouse gas emissions will
support the growth of the all-terrain vehicle (ATV) and utility task vehicle
(UTV) market.
Get A Free Sample Of The Report
(Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8587&type=smp
The all-terrain vehicle (atv)
and utility task vehicle (utv) market covered in this report is segmented –
1) By Type: All-Terrain
Vehicle (ATV), Utility Task Vehicle (UTV)
2) By Displacement: Less
Than 400cc, 400cc-800cc, More Than 800cc, Others
3) By Fuel Types: Fossil
Fuels, Electric, Solar
4) By End User:
Recreational, Sports, Agriculture And Utility, Military And Defense, Other
End-Users
Top Major Players
asum Ltd.
Korea Gas Corporation
Shell PLC
TotalEnergies
Harvey Gulf International Marine
LLC
The development of technologically
advanced vehicles is a key trend gaining popularity in the all-terrain vehicle
(ATV) and utility task vehicle (UTV) markets. Major players operating in the
market are developing advanced vehicles to sustain their position in the
all-terrain vehicle (ATV) and utility task vehicle (UTV) markets. For instance,
in August 2022, Yamaha Motor Corp, a Japan-based manufacturer of motorcycles
and other motorized products, launched its 2023 Proven Off-Road ATV/UTV and
Side-by-Side Lineup. This includes the 2023 Pure-Sport SxS Lineup, YXZ1000R SS,
and YXZ1000R with Yamaha’s Sport Shift (SS) technology with steering
column-mounted aluminum paddles that enable drivers to change quickly. The
unique features of the 2023 YXZ1000R versions are designed to handle a range of
terrain, from vast deserts and dunes to muddy trails and tough, rocky terrain.
The YXZ has an industry-first 998-cc triple-cylinder engine from Yamaha and a
sequential five-speed manual transmission with either an auto-clutch or clutch
pedal for the most direct-connection experience in an SxS.
The all-terrain vehicle (atv)
and utility task vehicle (utv) market report table of contents includes:
1. Executive Summary
2. All-Terrain Vehicle (ATV) and
Utility Task Vehicle (UTV) Market Characteristics
3. All-Terrain Vehicle (ATV) and
Utility Task Vehicle (UTV) Market Trends And Strategies
4. All-Terrain Vehicle (ATV) and
Utility Task Vehicle (UTV) Market - Macro Economic Scenario
5. Global All-Terrain Vehicle
(ATV) and Utility Task Vehicle (UTV) Market Size and Growth
............................
32. Global All-Terrain Vehicle
(ATV) and Utility Task Vehicle (UTV) Market Competitive Benchmarking
33. Global All-Terrain Vehicle
(ATV) and Utility Task Vehicle (UTV) Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market
35. All-Terrain Vehicle (ATV) and
Utility Task Vehicle (UTV) Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Comments
Post a Comment