ATV and UTV Market to Reach $14.10 Bn, Globally, by 2025 at 7.8% CAGR, Says AMR

PORTLAND, Oregon, Feb. 19, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "ATV and UTV Market by Vehicle Type (ATV and UTV), Displacement (< 400 (CC), 400-800 (CC), and > 800 (CC)), Engine Type (Gasoline Powered, Diesel Powered, Electric Powered, and Solar Powered), Application (Utility, Sports, and Others), and End-user Vertical (Agriculture, Military, Mountaineering, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025." The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape. According to the report, the global ATV and UTV market garnered $7.62 billion in 2017 and is expected to reach $14.10 billion by 2025, registering a CAGR of 7.8% from 2018 to 2025.

Increase in trend of power sports and outdoor recreational activities, extensive use of ATV and UTV in military activities, and government rules in favor of driving ATVs and UTVs on roads drive the market growth. However, ban on ATV and UTV driving in wildlife areas due to terrain damage and high maintenance cost of ATVs and UTVs restrain the growth of the market. Conversely, production of safer ATVs and UTVs is expected to provide opportunities for the growth of the market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5154  

UTV segment to lead in terms of revenue, ATV to grow the fastest through 2025

Among vehicle types, the UTV segment accounted for more than two-thirds of the total market share in 2017 and would maintain its revenue lead through 2025. This is due to the high adoption of UTVs by military forces and its wide range of applications such as material handling, wildlife management, hunting, and others. However, the ATV segment would register the fastest CAGR of 9.0% from 2018 to 2025. ATV will exhibit a remarkable growth during the forecast period due to the growing trend of power sports and recreational activities worldwide.

400-800 (CC) segment to dominate, ≥ 800 (CC) segment to show the fastest growth

Among displacements, the 400-800 (CC) segment grabbed more than two-fifths of the market share in 2017 and is likely to remain dominant through the study period. ATVs and UTVs with this range of displacement are ideal for sports and recreational activities. However, the ≥ 800 (CC) segment would grow at the fastest CAGR of 8.6% from 2018 to 2025. This is due to the increased demand for ATVs and UTVs with features such as high power, greater torque capacity, and others. The ≤ 400 (CC) segment would grow at a steady rate during the forecast period.

Gasoline-powered engine segment to be dominant, electric powered engine segment to exhibit the fastest growth through 2025

Among engine types, the gasoline-powered segment accounted for the share of 85% in 2017 and would remain the lead revenue contributor through 2025. Introduction of new range of gasoline-powered ATV with better power, high torque, and better hill climbing ability makes the gasoline powered ATVs and UTVs the largest segment. However, the electric powered segment is likely to achieve the fastest growth of 14.6% from 2018 to 2025, owing to stringent government rules for emission of harmful gases and added advantages such as less charging, silent operation, and others. The research also discusses engine types such as diesel powered and solar powered ATVs and UTVs.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5154

Sports segment to remain dominant through 2025

Among applications, the sports segment was the largest in 2017, capturing 59.5% of the overall market share. It would also remain dominant through 2025. This is because leading ATV and UTV companies are organizing ATV & UTV racing championships and offering championship bonuses. Nonetheless, the others segment would grow at the fastest CAGR of 10.5% through the study period due to the supportive government regulations to allow driving these vehicles on roadways. The utility segment would exhibit a steady growth during the forecast period.

Mountaineering segment to lead in terms of revenue, military to grow the fastest

The mountaineering segment accounted for the largest market share of 59.2% in 2017 and would dominate the market through 2025. Growing trend of adventure sports & recreational activities and tourist attraction towards ATV and UTV trails for mountaineering make it the largest segment in the end-user vertical. However, the military segment would achieve the fastest CAGR of 12.1% during the forecast period, owing to the launch of ATVs and UTVs with added weapons which are ideal for battlefield. The report also discusses end-users such as agriculture and others.

North America to remain dominant, LAMEA to grow the fastest

The market in North America contributed more than half of the market share in 2017 and is anticipated to continue its dominance during the forecast period. This is due to the increasing demand from U.S army for ATVs and UTVs with specifications such as fast transportation ability, better agility, more passenger carrying capacity, and others. However, LAMEA (Latin America, Middle East, and Africa) would grow at the fastest CAGR of 13.7% from 2018 to 2025, owing to supportive government to allow driving ATVs and UTVs on roadways with some restrictions. The other regions analyzed for the market study include Asia-Pacific and Europe.

Torchbearers of the industry

The key market players analyzed in the report include Polaris Industries, Inc., Deere & Company., Kawasaki Motors Corp., U.S.A., Yamaha Motor Co., Ltd., ARCTIC CAT INC., Honda Motor Company, BRP, HISUN, KYMCO, and Suzuki. These companies have implemented various strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to gain a stronghold in the industry.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Automotive Tire Market to Reach $306 Billion, Globally, by 2022

The automotive tire market has witnessed a surge in the introduction of highly advanced and technologically improved tires. Radial tires accounted for the maximum market share in the forecast period as it offers better grip on the road. However, introduction of advance manufacturing technologies have propelled the growth of bias tire segment. Passenger cars segment is anticipated to have the highest market share in the forecast period owing to the exponential growth of passenger cars across the globe.

Forklift Truck Market Expected to Reach $51 Billion, Globally by 2022

Forklift truck, also called lift truck or fork truck, is a truck used to lift and move material from one place to another. Japan, China, and India are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks. In addition, China‐™s fast-growing e-commerce sector drives the demand for electric forklift trucks such as LMH‐™s newly developed pallet stacker. Moreover, stringent government regulations related to carbon emissions in Japan and China and rise in adoption of electric forklift truck are expected to fuel the electric forklifttruck market growth in the future. Food industries and logistics are identified as lucrative targets for investment in this market, which are expected to rise with the highest market share owing to increase in adoption of forklift trucks

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com