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The Australia side-by-side UTVs market size was valued at USD 91.17 million in 2023. The market is further projected to grow at a CAGR of 6.9% between 2024 and 2032, reaching a value of USD 166.98 million by 2032.
The side-by-side UTVs market is witnessing growth due to the increasing popularity of off-road recreational activities. This trend is fuelled by the preference for UTVs over traditional all-terrain vehicles (ATVs) for their safety and comfort features, making them a preferred choice for outdoor enthusiasts.
The utilisation of side-by-side UTVs in agriculture and industrial sectors is another significant trend impacting the Australia side-by-side UTVs market growth. These vehicles are employed for various tasks like ploughing, towing, transporting loads in farming operations, as well as for transporting equipment and materials in rough terrains at mining and construction sites. This diversification of applications is therefore, contributing to market growth.
Additionally, continuous product innovation by manufacturers focusing on enhancing power, capacity, and safety features is driving the introduction of more efficient UTV models. Additionally, the emerging trend of adventure tourism in Australia is boosting demand for UTVs. The natural landscapes in these countries offer ideal conditions for UTV rides, attracting local and international tourists seeking adventurous mountaineering activities. These factors collectively contribute to the market growth.
Additionally, the gasoline-powered UTVs offering traditional power sources for these vehicles have a significant Australia side-by-side UTVs market share. This segment caters to users who prefer the convenience and availability of gasoline fuel for their UTVs. Diesel-powered UTVs represent another segment in the market, appealing to users who prioritise fuel efficiency and torque for heavy-duty applications. These vehicles are commonly used in agricultural and industrial settings due to their robust performance.
Meanwhile, the electric-powered UTV segment is gaining traction in the market, driven by the increasing focus on sustainability and environmental concerns. These vehicles offer quieter operation, zero emissions, and lower maintenance costs, making them attractive to eco-conscious consumers. According to market analysis, solar-powered UTVs represent a niche but emerging segment in the market, leveraging renewable energy sources for operation. These vehicles are designed to reduce reliance on traditional fuels and offer a more sustainable alternative for users looking to minimise their carbon footprint.
Australia Side-By-Side UTVs Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Displacement
Market Breakup by Fuel Type
Market Breakup by End Use
Market Breakup by Region
Market players are expanding their production facilities to make more dependable UTVs and to say ahead in the competition.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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 |
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Breakup by Fuel Type |
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Breakup by End Use |
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Breakup by Region |
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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 Australia Side-By-Side UTVs Market Overview
8.1 Key Industry Highlights
8.2 Australia Side-By-Side UTVs Historical Market (2018-2023)
8.3 Australia Side-By-Side UTVs Market Forecast (2024-2032)
9 Australia Side-By-Side UTVs Market by Displacement
9.1 Less than 400 cc
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2024-2032)
9.2 400-800 cc
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2024-2032)
9.3 More than 800 cc
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 Australia Side-By-Side UTVs Market by Fuel Type
10.1 Gasoline powered
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2024-2032)
10.2 Diesel powered
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2024-2032)
10.3 Electric powered
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2024-2032)
10.4 Solar powered
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia Side-By-Side UTVs Market by End Use
11.1 Agriculture
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Military
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Mountaineering
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Side-By-Side UTVs Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 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 Indicator for Price
13.4 Key Indicator for Demand
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Polaris Australia Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Yamaha Motor Australia Pty Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Kawasaki Motors Pty Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 KYMCO Australia
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Kubota Australia pty ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Landboss
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Honda Australia Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 CFMOTO
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Side-By-Side UTVs Market: Key Industry Highlights, 2018 and 2032
2. Australia Side-By-Side UTVs Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Side-By-Side UTVs Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Side-By-Side UTVs Historical Market: Breakup by Displacement (USD Million), 2018-2023
5. Australia Side-By-Side UTVs Market Forecast: Breakup by Displacement (USD Million), 2024-2032
6. Australia Side-By-Side UTVs Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
7. Australia Side-By-Side UTVs Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
8. Australia Side-By-Side UTVs Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Australia Side-By-Side UTVs Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Australia Side-By-Side UTVs Historical Market: Breakup by Region (USD Million), 2018-2023
11. Australia Side-By-Side UTVs Market Forecast: Breakup by Region (USD Million), 2024-2032
12. Major Importing Countries by Volume
13. Major Exporting Countries by Volume
14. Major Importing Countries by Value
15. Major Exporting Countries by Value
16. Australia Side-By-Side UTVs Market Structure
In 2023, the market reached an approximate value of USD 91.17 million.
The market is expected to grow at a CAGR of 6.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 166.98 million by 2032.
Rising farming activities, shift from traditional ATVs to UTVs, and strong foothold of UTV manufacturers are some of the major factors propelling the growth of the market.
Key trends aiding the market expansion are rising popularity of UTVs in off-road recreation activities and expansion in agricultural and industrial applications.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different fuel types included in the market are gasoline powered, diesel powered, electric powered, and solar powered, among others.
Based on displacement, the market segmentations include less than 400 CC, 400-800 CC, and more than 800 CC, among others.
Agriculture, military, and mountaineering are some of the end uses considered in the market.
Key players in the market are Polaris Australia Inc., Yamaha Motor Australia Pty Ltd., Kawasaki Motors Pty Ltd., KYMCO Australia, Kubota Australia pty ltd., Landboss, Honda Australia Pty Ltd., and CFMOTO, among others.
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