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United Kingdom Side-By-Side UTVs Market Share, Analysis, Report, 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 End-User; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
United Kingdom Side-By-Side UTVs Market Outlook
The United Kingdom side-by-side UTVs market size attained a value of nearly USD 166.55 million in 2022. The market is projected to grow at a CAGR of 9.10% between 2023 and 2028 to reach a value of around USD 280.15 million by 2028.
Key Trends in the Market
Side-by-side UTVs refer to off-road vehicles which feature a four-wheel design that maximises traction in all terrain, making them applicable for activities such as towing and hauling. This vehicle can reach speeds of around 25 to 50 miles an hour and can accommodate two to four passengers.
- The surge in demand for side-by-side UTVs in the United Kingdom for recreational activities and tourism is positively impacting the growth of the United Kingdom side-by-side UTVs market. Leading automotive manufacturers are also introducing new ranges of side-by-side UTVs to cater to the increasing popularity of recreational activities like hunting, mountaineering, and trade riding, among others.
- Rising disposable income, the surging interest in off-road events and adventure, and the growing use of side-by-side UTVs in the military sector are some of the factors bolstering the United Kingdom side-by-side UTVs market growth.
- There is a growing utilisation of electric side-by-side UTVs that combine quiet electric powertrains with innovative technologies and offer various benefits, including high performance, reduced noise, and low maintenance. Moreover, the increasing launch of innovative electric side-by-side UTVs and the growing trend of sustainability are expected to favour the market in the coming years.
Market Analysis
Based on displacement, the market is segmented into less than 400 cc, 400-800 cc, and more than 800 cc. On the basis of 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 United Kingdom 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
- Dalton’s ATVs Ltd
- ACE ATV Ltd
- Beckside Machinery Ltd.
- Suzuki Motor Corporation
- Others
Market Share by Displacement
Based on displacement, the more than 800 cc segment holds a considerable share of the United Kingdom side-by-side UTVs market. Side-by-side UTVs with more than 800 cc engines offer high performance on challenging terrains and possess excellent towing and cargo capacity with a speed of around 60 to 80 MPH. These advantages make the product extremely efficient for use in agriculture and military applications.
Market Share by End-User
The agriculture segment, based on end-user, accounts for a healthy share of the United Kingdom side-by-side UTVs market. Surging farming activities have led to an increased demand for side-by-side UTVs as these vehicles provide superior performance such as the ability to carry heavy payloads, high power and manoeuvrability, excellent stability, and convenience for farmers during harsh weather conditions.
Moreover, side-by-side UTVs are likely to replace trailers for streamlining ploughing applications, spreading seeds, and maximising farming efficiency.
Competitive Landscape
Polaris Inc. is a leading powersports company which designs, manufactures, and sells different off-road and on-road vehicles. It was founded in 1954 and is headquartered in Minnesota, the United States.
Yamaha Motor Co., Ltd. is a multinational manufacturer of motorcycles, marine products like boats and outboard motors, robotics, and several other types of vehicles. The company was established in 1955 and is headquartered in Shizuoka, Japan.
Can-Am Motorcycles is a subsidiary of Bombardier Recreational Products (BRP) which manufactures off-road vehicles. It was founded in 1971 and is headquartered in Quebec, Canada. Its product portfolio includes ATV vehicles, motorcycles, and side-to-side vehicles, among others, for off-road conditions.
Other market players include Kawasaki Heavy Industries Ltd., Honda Motor Co., Ltd., CFMOTO, Dalton’s ATVs Ltd, ACE ATV Ltd, Beckside Machinery Ltd., and Suzuki Motor Corporation, 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:
|
| Breakup by Displacement |
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| Breakup by Fuel Type |
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| Breakup by End-User |
|
| 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 United Kingdom Side-By-Side UTVs Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Side-By-Side UTVs Historical Market (2018-2022)
9.3 United Kingdom Side-By-Side UTVs Market Forecast (2023-2028)
10 United Kingdom 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 United Kingdom 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 United Kingdom 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 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Polaris 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 Co., 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 Can-Am Motorcycles
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 Kawasaki Heavy Industries Ltd.
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 Honda Motor Co., 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 CFMOTO
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 Dalton’s ATVs 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 ACE ATV Ltd
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 Beckside Machinery Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Suzuki Motor Corporation
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 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. United Kingdom Side-By-Side UTVs Market: Key Industry Highlights, 2018 and 2028
3. United Kingdom Side-By-Side UTVs Historical Market: Breakup by Displacement (USD Million), 2018-2022
4. United Kingdom Side-By-Side UTVs Market Forecast: Breakup by Displacement (USD Million), 2023-2028
5. United Kingdom Side-By-Side UTVs Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
6. United Kingdom Side-By-Side UTVs Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
7. United Kingdom Side-By-Side UTVs Historical Market: Breakup by End-User (USD Million), 2018-2022
8. United Kingdom Side-By-Side UTVs Market Forecast: Breakup by End-User (USD Million), 2023-2028
9. United Kingdom Side-By-Side UTVs Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 166.55 million in 2022.
The market is estimated to grow at a CAGR of 9.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of about USD 280.15 million by 2028.
The surge in demand for side-by-side UTVs in the United Kingdom for recreational activities, the strong foothold of leading UTV manufacturers, and the rising application of side-by-side UTVs in farming activities are the major drivers of the market.
The key trends in the market include the the rising adoption of electric powered side-by-side UTVs, the growing use of side-by-side UTVs in the military sector, and rising investments by leading market players towards introducing new UTV models.
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.
Agriculture, military, and mountaineering, among others, are the significant end-users of the product.
UTV stands for utility terrain vehicle, an off-road vehicle that can accommodate two to four passengers and is used for towing and hauling applications.
While ATVs are compact, typically built for one rider, and are physically intensive to operate, UTVs boast a capacity of up to four passengers and find usage in recreational and agricultural activities.
Polaris Inc., Yamaha Motor Co., Ltd., Can-Am Motorcycles, Kawasaki Heavy Industries Ltd., Honda Motor Co., Ltd., CFMOTO, Dalton’s ATVs Ltd, ACE ATV Ltd, Beckside Machinery Ltd., and Suzuki Motor Corporation, among others, are the key United Kingdom side-by-side UTVs market players, according to the report.
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