The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027). The primary factors that are driving the global ATV and UTV market include the increasing trend of adventure sports and entertainment, the use of ATV and UTV in military operations, and government regulations to promote the development of the ATV and UTV industries. ATV and UTVs are getting popular over the years owing to the rising recreational activities. Tourism councils have started to integrate activities as trekking and hiking focused on ATV and UTV by building tracks to attract and hold tourists for a longer period of time in their countries. Annual championships are organized by plenty of countries, and this is gaining huge success as anyone able to drive ATV can compete in these championships. This rising trend of adventure sports draws visitors, and thus,is anticipated to augment the market growth of ATV and UTV over the forecast period.

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The ATV & UTV market is segmented on the basis of vehicle type, propulsion type, end-user, drivetrain type, and engine size. Based on vehicle type, the ATV & UTV market is segmented into ATV UTV. Based on propulsion type, the ATV & UTV market is segmented into gasoline powered, electric powered and diesel powered. Based on end-user, the market is segmented into agriculture, construction, military, recreational, mountaineering. Based on drivetrain type, the market is segmented into two-wheel drive, three-wheel drive, and all-wheel drive. Based on engine size, the market is segmented into less than 400 cc, 400 to 800 cc, and more than 800 cc.

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The global ATV & UTV market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold a considerable market share during the forecast period. The high demand for ATV and UTV in end-user industries such as military & defense, agriculture, and recreational activities is a key factor contributing to the high share of the regional market. The US Army’s Fort Benning military base in Georgia, the US, ordered 32 MV850 ATVs in June 2019 from Polaris Inc. Further, in March 2021, Polaris announced the plan for a full-size electric RANGER, that is supposed to allow departments to incorporate more electric vehicles (EVs) into the fleets with durability. Such innovation by key ATV & UTV market players across the region is again contributing to the regional market growth.

Global ATV & UTV Market – Segmentation
by Vehicle Type
ATV
UTV
by Propulsion Type
Gasoline Powered
Diesel Powered
Electric Powered
by End-User
Agriculture
Construction
Military
Recreational
Mountaineering
by Drivetrain Type
Two-Wheel Drive
Three-Wheel Drive
All-Wheel Drive
by Engine Size
Less than 400 CC
400 to 800 CC
More than 800 CC

Global ATV & UTV Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
American Landmaster
Arctic Cat Inc.
Asp Group Sro
Automotive Energy Supply Corp.
Bombardier Recreational Products Inc.
Cectek
Cfmoto
Club Car, Llc
Contemporary Amperex Technology Co., Ltd.
Drr Usa
Hisun Motors Corp.
Hitachi Chemical Co., Ltd
Honda Motor Co. Ltd.
Johnson Controls International Plc
Lg Chem Ltd.
Nikola Corp.
Panasonic Corp.
Polaris Industries Inc.
Segway Technology Co., Ltd.
Solvay Group
Tesla, Inc.
Toshiba Corp.

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