Global UTV (Utility Terrain Vehicle) Market Insights, Forecast to 2025
-Designed for operation off of the highway
-Suspended on four or more low pressure or non-pneumatic tires
-Has a steering wheel for steering control
-Have one seat to accommodate a driver and one or more passenger sitting
For industry structure analysis, the UTV (Utility Terrain Vehicle) industry is concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 80 % of the revenue market. Regionally, United States is the biggest sales value area in 2016, also the leader in the whole UTV (Utility Terrain Vehicle) industry.
North America occupied 72.29% of the sales market in 2016. It is followed by Europe and Asia-Pacific, which respectively account for around 15.34% and 5.46% of the global total industry. Other countries have a smaller amount of sales.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
Global UTV (Utility Terrain Vehicle) market size will reach 5560 million US$ by 2025, from 4350 million US$ in 2018, at a CAGR of 3.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for UTV (Utility Terrain Vehicle).
This industry study presents the global UTV (Utility Terrain Vehicle) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The UTV (Utility Terrain Vehicle) production, revenue and market share by manufacturers, key regions and type;
The consumption of UTV (Utility Terrain Vehicle) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Polaris (US), John Deere (US), etc.
The following manufacturers are covered in this report:
John Deere (US)
Yamaha Motor (Japan)
Arctic Cat (US)
KYMCO (China Taiwan)
HSUN Motor (China)
Linhai Group (China)
UTV (Utility Terrain Vehicle) Breakdown Data by Type
Displacement (CC): ≤ 400
Displacement (CC): 400-800
Displacement (CC): ≥ 800
UTV (Utility Terrain Vehicle) Breakdown Data by Application
UTV (Utility Terrain Vehicle) Production by Region
UTV (Utility Terrain Vehicle) Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global UTV (Utility Terrain Vehicle) status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key UTV (Utility Terrain Vehicle) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of UTV (Utility Terrain Vehicle) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of UTV (Utility Terrain Vehicle) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.