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
John Deere (US)
Yamaha Motor (Japan)
Arctic Cat (US)
China Local Manufacturers Covered
KYMCO (China Taiwan)
HSUN Motor (China)
Linhai Group (China)
Displacement (CC): ≤ 400
Displacement (CC): 400-800
Displacement (CC): ≥ 800
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