Global Utility Terrain Vehicle (UTV) Market is Expected to Reach $ 4350 Million by 2025 – QY Research, Inc.

Global Utility Terrain Vehicle (UTV) Market
This report studies the global UTV (Utility Terrain Vehicle) industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the global market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.

UTV, namely Utility Terrain Vehicle, is defined as a vehicle: 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

First, 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.

Second, the production of UTV (Utility Terrain Vehicle) increased from 365095 Units in 2012 to 422265 Units in 2016 with an average growth rate of 3.71%.

Third, 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 global UTV (Utility Terrain Vehicle) market is valued at 4350 million USD in 2017 and is expected to reach 4350 million USD by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.

This research report categorizes the China and global UTV (Utility Terrain Vehicle) market by type, end-use industry, and region.

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International Manufacturers Covered

    Polaris (US)

    John Deere (US)

    Kawasaki (Japan)

    Yamaha Motor (Japan)

    Kubota (Japan)

    Arctic Cat (US)

    Honda (Japan)

    BRP (Canada)

China Local Manufacturers Covered

    KYMCO (China Taiwan)

    HSUN Motor (China)

    CFMOTO (China)

    Linhai Group (China)

By Type

    Displacement (CC): ≤ 400

    Displacement (CC): 400-800

    Displacement (CC): ≥ 800

By Application

    Work UTV

    Sport UTV

    Others

By Region

    United States

    Europe

    Japan

    Korea

 

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