The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing tourism activities are expected to drive innovation in all-terrain vehicle ATV and utility task vehicle UTV manufacturing, thus driving the market during the forecast period.

The global all-terrain vehicle ATV and utility task vehicle UTV market is expected to grow from $8.78 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market size is expected to grow to $13.29 billion in 2027 at a CAGR of 8.4%.

Get A Free Sample On The Global All-Terrain Vehicle ATV And Utility Task Vehicle UTV Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8587&type=smp

Global all-terrain vehicle ATV and utility task vehicle UTV Market Segments Include:

• By Type: All-Terrain Vehicle (ATV), Utility Task Vehicle (UTV)
• By Displacement: Less than 400CC, 400CC-800CC, More than 800CC
• By Fuel Types: Gasoline, Diesel, Electric, Solar
• By End User: Recreational, Sports, Agriculture and Utility, Military and Defence, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global all-terrain vehicle ATV and utility task vehicle UTV market in 2021.

Major Market Players in the all-terrain vehicle ATV and utility task vehicle UTV market include Bombardier Recreational Products (BRP) Inc., CFMoto, Deere Company, Hisun Motors Corporation, Yamaha Motor Co Ltd.

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 a SxS.

The All-Terrain Vehicle ATV And Utility Task Vehicle UTV Global Market Report 2023  provides a all-terrain vehicle ATV and utility task vehicle UTV market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The all-terrain vehicle ATV and utility task vehicle UTV market forecast analyzes all-terrain vehicle ATV and utility task vehicle UTV market size, all-terrain vehicle ATV and utility task vehicle UTV market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The all-terrain vehicle (ATV) and utility task vehicle (UTV) refers to the vehicle used for work and recreational activities such as off-roading. An all-terrain vehicle (ATV) is a motorised off-road vehicle with steering handlebars that runs on four low-pressure or non-pneumatic tyres. A utility task vehicle (UTV) refers to an off-road vehicle equipped by an internal-combustion motor engine of 1, 200 cubic centimetres or less and weighing between 1, 200 and 2, 600 pounds.

Explore Similar Reports From The Business Research Company:

All Terrain Vehicle Global Market Report 2023

Vehicle Engine And Engine Parts Global Market Report 2023

Vehicle Analytics Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: