The Business Research Company’s All Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The All Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Global Market Report 2023 evaluates all terrain vehicle (ATV) and utility task vehicle (UTV) market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global all-terrain vehicle (ATV) and utility task vehicle (UTV) market is expected to to $13,294.2 million in 2027 at a rate of 8.7%. The market is then expected to grow at a CAGR of 9.2% from 2027 and reach $20,678.9 million in 2032.
Government support is expected to drive the ATV and UTV market going forward. The governments of various countries are supporting the automotive sector to produce new solutions to better serve the industry. For example, in July 2022, the US Department of Energy (DOE) announced a $96 million funding opportunity to support decarbonizing the domestic transportation sector. The funding will focus on expanding electric vehicle (EV) charging accessibility, create cleaner non-road vehicles through electrification and the use of alternative fuels and develop electric drive components and materials to maximize EV efficiency and affordability. Also, in April 2022, Nagaland (India) government to promote the state as a destination for off-road travel started an initiative for the same, partnering with the extreme terrain travel pioneers Wander Beyond Boundaries (WBB). WBB and Nagaland Tourism will allow enthusiasts to hire a 4×4 self-driven vehicle to be able to travel and explore the Northeastern terrain, the trails and routes for which have been mapped out already. Therefore, the government support will propel the growth of the all-terrain vehicle (ATV) and utility task vehicle (UTV) market.
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The all terrain vehicle (ATV) and utility task vehicle (UTV) market segments in the report are:
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”
The table of contents in TBRC’s all terrain vehicle (ATV) and utility task vehicle (UTV) market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. All-Terrain Vehicle (ATV) And Utility Task Vehicle (UTV) Market, Conclusions And Recommendations
22. Appendix
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