Global ATV and UTV Industry valued approximately USD 8.52 Billion in 2018 is anticipated to grow with a healthy growth rate of more than 7.70% over the forecast period 2019-2026. The ATV and UTV Industry is developing and expanding at a significant pace considering the global scenario. An all-terrain vehicle (ATV) is a vehicle fitted with four low-pressure tires & handle bars. It is known for its maneuverability & off-road capabilities and is precisely utilized in military, survey, forestry, agriculture, sports, and other sectors. The Industry growth is primarily driven by rising purchasing power of individuals, increase in recreational off-road activities and adventure sports. Additionally, growing adoption of the vehicles in agriculture and military activities, and government initiatives to support driving ATVs and UTVs on road are likely to propel the growth of the Industry. However, expenses associated with the maintenance is expected to hamper the Industry growth.
The regional analysis of Global ATV and UTV Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of Industry share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2019-2026.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
ATV and UTV Industry Share and Size by 2019-2025
ATV and UTV Market Segmentation:
By Vehicle Type:
By Fuel Type:
By End User:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in ATV and UTV Market are as follows:
Organika Health Products