Reports
Sale
North America ATV and UTV Market Size, Share, Analysis: By Vehicle: ATV, UTV; By Displacement: Less Than 400 CC, 400 CC to 800 CC, More Than 800 CC; By Power Output: Less Than 50 KW, 50 KW to 100 KW, Above 100 KW; By Fuel Type: Gasoline Powered, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
North America ATV and UTV Market Outlook
The North America ATV and UTV market size reached nearly USD 9.34 billion in 2023. The market is projected to grow at a CAGR of 6.7% between 2024 and 2032, reaching almost USD 16.91 billion by 2032.
Key Takeaways:
- ATVs are expected to constitute a major portion of the North America ATV and UTV market share.
- Electric-powered vehicles are expected to dominate the market over the forecast period.
- An increase in the number of off-road family trips is expected to leverage the market growth.
Safety and comfort have become the topmost consumer priorities in the North America ATV and UTV market. This is prompting manufacturers to integrate smart technologies (such as augmented reality) and autonomous safety features (such as collision detection) into ATVs and UTVs. Moreover, the development of lightweight chassis designs is improving vehicle manoeuvrability and advanced adaptive suspension systems are enabling real-time adjustment of shock absorbers (depending on the type of terrain) to cater to consumer comfort and enhance the riding experience. Advanced technological features enable consumers to connect with their counterparts in remote trailing sites, enhancing user safety and experience. This is expected to drive the North America ATV and UTV market expansion over the forecast period.
An increasing number of North America ATV and UTV market players are focusing on appealing to youth riders by upgrading existing vehicle designs and features. With an increase in the number of off-road trips taken by American families, the demand for electric ATVs is soaring rapidly. This is because they are environmentally friendly and have a significantly lower carbon footprint. This is prompting companies to invest in developing advanced battery systems for electric ATVs/UTVs that provide a long mileage on a single charge and can accommodate small emergency provisions.
Market Segmentation
North America ATV and UTV Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle
- ATV
- UTV
Market Breakup by Displacement
- Less Than 400 CC
- 400 CC to 800 CC
- More Than 800 CC
Market Breakup by Power Output
- Less Than 50 KW
- 50 KW to 100 KW
- Above 100 KW
Market Breakup by Fuel Type
- Gasoline Powered
- Diesel Powered
- Electric Powered
Market Breakup by End Use
- Agriculture
- Sports
- Others
Market Breakup by Country
- United States of America
- Canada
The key North America ATV and UTV market players market players are Yamaha Motor Co., Ltd., Honda Motor Co., Ltd., Kawasaki Heavy Industries Ltd., Suzuki Motor Corporation, Arctic Cat, Inc., Polaris Inc., Deere & Company, Bombardier Recreational Products Inc., Kubota Corporation, and Hisun Motors Corp., among others.
Key Highlights of the Report
| 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:
|
| Breakup by Vehicle |
|
| Breakup by Displacement |
|
| Breakup by Power Output |
|
| Breakup by Fuel Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 ATV and UTV Market Overview
8.1 Key Industry Highlights
8.2 Global ATV and UTV Historical Market (2018-2023)
8.3 Global ATV and UTV Market Forecast (2024-2032)
8.4 Global ATV and UTV 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 North America ATV and UTV Market Overview
9.1 Key Industry Highlights
9.2 North America ATV and UTV Historical Market (2018-2023)
9.3 North America ATV and UTV Market Forecast (2024-2032)
10 North America ATV and UTV Market by Vehicle
10.1 ATV
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 UTV
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America ATV and UTV Market by Displacement
11.1 Less Than 400 CC
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 400 CC to 800 CC
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 More Than 800 CC
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America ATV and UTV Market by Power Output
12.1 Less Than 50 KW
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 50 KW to 100 KW
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Above 100 KW
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 North America ATV and UTV Market by Fuel Type
13.1 Gasoline Powered
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Diesel Powered
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Electric Powered
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 North America ATV and UTV Market by End Use
14.1 Agriculture
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Sports
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Others
15 North America ATV and UTV Market by Country
15.1 United States of America
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Canada
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Price
16.4 Key Indicators for Demand
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Yamaha Motor Co., Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Honda Motor Co., Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Kawasaki Heavy Industries Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Suzuki Motor Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Arctic Cat, Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Polaris Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Deere & Company
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Bombardier Recreational Products Inc.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Kubota Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Hisun Motors Corp.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global ATV and UTV Market: Key Industry Highlights, 2018 and 2032
2. North America ATV and UTV Market: Key Industry Highlights, 2018 and 2032
3. North America ATV and UTV Historical Market: Breakup by Vehicle (USD Billion), 2018-2023
4. North America ATV and UTV Market Forecast: Breakup by Vehicle (USD Billion), 2024-2032
5. North America ATV and UTV Historical Market: Breakup by Displacement (USD Billion), 2018-2023
6. North America ATV and UTV Market Forecast: Breakup by Displacement (USD Billion), 2024-2032
7. North America ATV and UTV Historical Market: Breakup by Power Output (USD Billion), 2018-2023
8. North America ATV and UTV Market Forecast: Breakup by Power Output (USD Billion), 2024-2032
9. North America ATV and UTV Historical Market: Breakup by Fuel Type (USD Billion), 2018-2023
10. North America ATV and UTV Market Forecast: Breakup by Fuel Type (USD Billion), 2024-2032
11. North America ATV and UTV Historical Market: Breakup by End Use (USD Billion), 2018-2023
12. North America ATV and UTV Market Forecast: Breakup by End Use (USD Billion), 2024-2032
13. North America ATV and UTV Historical Market: Breakup by Country (USD Billion), 2018-2023
14. North America ATV and UTV Market Forecast: Breakup by Country (USD Billion), 2024-2032
15. North America ATV and UTV Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 9.34 billion in 2023.
The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 16.91 billion in 2032.
The different vehicles in the market include ATV and UTV.
The different fuel types used in ATV and UTV include gasoline powered, diesel powered, and electric powered.
The different segments considered in the market report are less than 50 KW, 50 KW to 100 KW, and above 100 KW.
The major countries in the market include the United States of America and Canada.
The key market players are Yamaha Motor Co., Ltd., Honda Motor Co., Ltd., Kawasaki Heavy Industries Ltd., Suzuki Motor Corporation, Arctic Cat, Inc., Polaris Inc., Deere & Company, Bombardier Recreational Products Inc., Kubota Corporation, and Hisun Motors Corp., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER