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Australia and New Zealand Side-By-Side UTVs Market Share, Report, Analysis, Growth, Forecast: By Displacement: Less than 400 cc, 400-800 cc, More than 800 cc; By Fuel Type: Gasoline powered, Diesel powered, Electric powered, Solar powered, Others; By Industry; By End User; Regional Analysis; Competitive Landscape; 2023-2028
Australia and New Zealand Side-By-Side UTVs Market Outlook
The Australia and New Zealand side-by-side UTVs market size reached nearly USD 94.23 million in 2022. The market is projected to grow at a CAGR of 7.20% between 2023 and 2028 to reach a value of USD around 142.94 million by 2028.
Key Trends in the Market
Side-by-side UTVs refer to an off-road vehicle capable of accommodating two to four persons. They are used in various recreational activities, as well as for tasks involving challenging terrains, such as hauling in the military sector. They are designed in such a way that they can reach a speed of 50 miles per hour.
- Surge in recreational activities, such as hunting, racing, trail riding, mudding, and winter riding, among others, is fuelling the demand for off-road vehicles, hence propelling the growth of the Australia and New Zealand side-by-side UTVs market.
- There is an increasing demand for side-by-side UTVs from the military sector across Australia and New Zealand to carry out tactical and combat operations, search and rescue missions, security and patrol drills, and on-base duties.
- Rapid shift from traditional ATVs or quadbikes to side-by-side UTVs owing to their enhanced safety technology and greater fuel efficiency is favouring the market demand.
- Growing innovations by leading market players to manufacture smaller and more compact side-by-side UTVs are expected to provide impetus to the Australia and New Zealand side-by-side UTVs market in the forecast period.
Market Analysis
On the basis of displacement, the market is segmented into less than 400 cc, 400-800 cc, and more than 800 cc. Based on fuel type, the market is classified into gasoline powered, diesel powered, electric powered, and solar powered, among others. By end-user, the market is divided into agriculture, military, and mountaineering, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Australia and New Zealand side-by-side UTVs market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Polaris Inc.
- Yamaha Motor Co., Ltd.
- Can-Am Motorcycles
- Kawasaki Heavy Industries Ltd.
- Honda Motor Co., Ltd.
- CFMOTO
- Kubota Australia
- KYMCO
- LANDBOSS
- Suzuki Motor Corporation
- Others
Market Share by Fuel Type
The diesel powered segment, based on fuel type, accounts for a healthy share of the Australia and New Zealand side-by-side UTVs market. This can be attributed to the higher efficiency of diesel-powered side-by-side UTVs as compared to their counterparts.
In addition, such UTVs are easier to maintain and boast excellent mowing abilities. Moreover, the strong foothold of leading diesel motor vehicle manufacturers across Australia is supporting the overall Australia and New Zealand market for side-by-side UTVs.
Market Share by End-User
Based on end-user in the Australia and New Zealand side-by-side UTVs market, the agriculture segment is likely to grow at a healthy pace over the forecast period. The product is used to carry out various farming activities such as livestock feeding, ploughing and harrowing, spreading seeds and fertilisers, and performing clean-up duties.
In addition, surging rural farming activities across hills and countryside areas of Australia and New Zealand are expected to increase the adoption of side-by-side UTVs to improve the production output of farms.
Competitive Landscape
Suzuki Motor Corporation is a multinational corporation which manufactures and sells small, fuel-efficient cars, powerful motorcycles, and sport-utility vehicles. It was founded in 1909 and is headquartered in Shizuoka, Japan.
LANDBOSS is a leading Australian manufacturer of high quality and high-powered vehicles which cater to the demands of farmers, miners, government, and recreational users. Its products are durable and undergo stringent testing to ensure their suitability in the rough and challenging terrains of Australia and New Zealand.
KYMCO is a global powersport group which designs and produces scooters, motorcycles, ATVs, and utility vehicles. It was founded in 1963 and is headquartered in Kaohsiung, Taiwan.
Other market players include Polaris Inc., Yamaha Motor Co., Ltd., Can-Am Motorcycles, Kawasaki Heavy Industries Ltd., Honda Motor Co., Ltd., CFMOTO, and Kubota Australia, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Displacement |
|
| Breakup by Fuel Type |
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| Breakup by End-User |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Side-By-Side UTVs Market Overview
8.1 Key Industry Highlights
8.2 Global Side-By-Side UTVs Historical Market (2018-2022)
8.3 Global Side-By-Side UTVs Market Forecast (2023-2028)
8.4 Global Side-By-Side UTVs Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Australia and New Zealand Side-By-Side UTVs Market Overview
9.1 Key Industry Highlights
9.2 Australia and New Zealand Side-By-Side UTVs Historical Market (2018-2022)
9.3 Australia and New Zealand Side-By-Side UTVs Market Forecast (2023-2028)
10 Australia and New Zealand Side-By-Side UTVs Market by Displacement
10.1 Less than 400 cc
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 400-800 cc
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 More than 800 cc
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Australia and New Zealand Side-By-Side UTVs Market by Fuel Type
11.1 Gasoline powered
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Diesel powered
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Electric powered
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Solar powered
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Australia and New Zealand Side-By-Side UTVs Market by End-User
12.1 Agriculture
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Military
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mountaineering
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Australia and New Zealand Side-By-Side UTVs Market by Country
14.1 Australia
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 New Zealand
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Polaris Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Yamaha Motor Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Can-Am Motorcycles
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kawasaki Heavy Industries Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Honda Motor Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 CFMOTO
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kubota Australia
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 KYMCO
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 LANDBOSS
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Suzuki Motor Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Side-By-Side UTVs Market: Key Industry Highlights, 2018 and 2028
2. Australia and New Zealand Side-By-Side UTVs Market: Key Industry Highlights, 2018 and 2028
3. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by Displacement (USD Million), 2018-2022
4. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by Displacement (USD Million), 2023-2028
5. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
6. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
7. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by End-User (USD Million), 2018-2022
8. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by End-User (USD Million), 2023-2028
9. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by Country (USD Million), 2018-2022
10. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by Country (USD Million), 2023-2028
11. Australia and New Zealand Side-By-Side UTVs Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 94.23 billion in 2022.
The market is estimated to grow at a CAGR of 7.20% in the forecast period of 2023- 2028.
The market is estimated to witness a healthy growth between the forecast period of 2023-2028 to reach a value of around USD 142.94 billion by 2028.
The increasing farming activities, rising interest in recreational activities, and strong foothold of off-road vehicle manufacturers across Australia and New Zealand are the major drivers of the market.
The key trends in the market include the rapid shift from traditional ATVs or quadbikes to side-by-side UTVs owing to their enhanced safety technology and greater fuel efficiency and growing innovations by leading market players to produce smaller and more compact side-by-side UTVs.
Less than 400 cc, 400-800 cc, and more than 800 cc are the different segments based on the displacement of side-by-side UTVs.
Gasoline powered, diesel powered, electric powered, and solar powered, among others, are the major segments based on the fuel type considered in the market report.
A UTV is also called as side-by-side which operates by a steering wheel and foot pedals.
Polaris Inc., Yamaha Motor Co., Ltd., Can-Am Motorcycles, Kawasaki Heavy Industries Ltd., Honda Motor Co., Ltd., CFMOTO, Kubota Australia, KYMCO, LANDBOSS, and Suzuki Motor Corporation, among others, are the key Australia and New Zealand side-by-side UTVs market players, according to the report.
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