KEY FINDINGS
The North America ATV and UTV market growth is set to progress at a CAGR of 5.02% during the forecast period, 2021-2028. The introduction of new models by key players and racing championships by leading ATV & UTV clubs, along with favorable government initiatives, propel market growth. In the US, the local and state governments implemented a law facilitating ATVs on roadways with some regulations.
MARKET INSIGHTS
The United States and Canada are assessed for the North America ATV and UTV market growth evaluation. Canada is a major contributor to US exports, given the healthy trade relations under NAFTA. Ontario is expected to dominate the volume and revenue in the coming years, attributed to the presence of many clubs in the province. This promotes the construction and maintenance of trails. Several recreational and sports activities organized by OFATV clubs surges the business share. Moreover, the country has the presence of four major manufacturers that build snowmobiles. In 2020, 43,535 snowmobiles were sold in Canada out of the total 123,862 snowmobiles sold worldwide.
Further, key multinational manufacturing corporations are launching new utility vehicles in the country. The American Council of Snowmobiles (ACSA) and the Oregon State Snowmobile Association are introducing snowmobile campaigns to increase the participation of snowmobile riders. Moreover, the rising membership with associations supplemented by new initiatives, is beneficial to market growth.
COMPETITIVE INSIGHTS
Some of the eminent market players include Yamaha Motor Co Ltd, Textron Inc (Arctic Cat), Deere & Company, Polaris Industries Inc, Suzuki Motors Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
North America Atv And Utv Market Forecast 2021-2028
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Gaining Popularity Of Recreational Activities And Adventure Sports
3.1.2. Increasing Demand For Atv And Utv In Military Activities
3.1.3. Government Rules Supporting Atvs And Utvs
3.2. Key Restraints
3.2.1. Ban On Atv And Utv Driving In Wildlife Area
3.2.2. High Maintenance Costs
4. Key Analytics
4.1. Impact Of Covid-19 On Atv And Utv Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Key Buying Criteria
5. Market By Vehicle Type
5.1. Atv
5.2. Utv
6. Market By Displacement
6.1. = 400 (Cc)
6.2. 400-800(Cc)
6.3. = 800 (Cc)
7. Market By Fuel Type
7.1. Gasoline-Powered
7.2. Diesel-Powered
7.3. Electric-Powered
7.4. Solar-Powered
8. Market By Application
8.1. Utility
8.2. Sports
8.3. Others
9. Market By End-User
9.1. Agriculture
9.2. Military
9.3. Mountaineering
9.4. Others
10. Geographical Analysis
10.1. North America
10.1.1. Key Growth Enablers
10.1.2. Key Challenges
10.1.3. Key Players
10.1.4. Country Analysis
10.1.4.1. United States
10.1.4.2. Canada
11. Competitive Landscape
11.1. Key Strategic Developments
11.1.1. Product Launches & Developments
11.1.2. Partnerships & Agreements
11.1.3. Business Expansions & Divestitures
11.2. Company Profiles
11.2.1. Brp Inc
11.2.2. Cfmoto
11.2.3. Deere & Company
11.2.4. Hisun
11.2.5. Honda Motor Company Ltd
11.2.6. Kawasaki Heavy Industries Ltd
11.2.7. Kubota Corporation
11.2.8. Kwang Yang Motor Co Ltd
11.2.9. Polaris Industries Inc
11.2.10. Suzuki Motors Corporation
11.2.11. Textron Inc(Arctic Cat)
11.2.12. Yamaha Motor Co Ltd
List Of Tables
Table 1: Market Snapshot - Atv And Utv
Table 2: North America Atv And Utv Market, By Vehicle Type, Historical Years, 2016-2020 (In $ Million)
Table 3: North America Atv And Utv Market, By Vehicle Type, Forecast Years, 2021-2028 (In $ Million)
Table 4: North America Atv And Utv Market, By Displacement, Historical Years, 2016-2020 (In $ Million)
Table 5: North America Atv And Utv Market, By Displacement, Forecast Years, 2021-2028 (In $ Million)
Table 6: North America Atv And Utv Market, By Fuel Type, Historical Years, 2016-2020 (In $ Million)
Table 7: North America Atv And Utv Market, By Fuel Type, Forecast Years, 2021-2028 (In $ Million)
Table 8: North America Atv And Utv Market, By Application, Historical Years, 2016-2020 (In $ Million)
Table 9: North America Atv And Utv Market, By Application, Forecast Years, 2021-2028 (In $ Million)
Table 10: North America Atv And Utv Market, By End-User, Historical Years, 2016-2020 (In $ Million)
Table 11: North America Atv And Utv Market, By End-User, Forecast Years, 2021-2028 (In $ Million)
Table 12: North America Atv And Utv Market, By Country, Historical Years, 2016-2020 (In $ Million)
Table 13: North America Atv And Utv Market, By Country, Forecast Years, 2021-2028 (In $ Million)
Table 14: List Of Product Launches & Developments
Table 15: List Of Partnerships & Agreements
Table 16: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Key Buying Impact Analysis
Figure 6: North America Atv And Utv Market, Growth Potential, By Vehicle Type, In 2020
Figure 7: North America Atv And Utv Market, By Atv, 2021-2028 (In $ Million)
Figure 8: North America Atv And Utv Market, By Utv, 2021-2028 (In $ Million)
Figure 9: North America Atv And Utv Market, Growth Potential, By Displacement, In 2020
Figure 10: North America Atv And Utv Market, By = 400 (Cc), 2021-2028 (In $ Million)
Figure 11: North America Atv And Utv Market, By 400-800(Cc), 2021-2028 (In $ Million)
Figure 12: North America Atv And Utv Market, By = 800 (Cc), 2021-2028 (In $ Million)
Figure 13: North America Atv And Utv Market, Growth Potential, By Fuel Type, In 2020
Figure 14: North America Atv And Utv Market, By Gasoline-Powered, 2021-2028 (In $ Million)
Figure 15: North America Atv And Utv Market, By Diesel-Powered, 2021-2028 (In $ Million)
Figure 16: North America Atv And Utv Market, By Electric-Powered, 2021-2028 (In $ Million)
Figure 17: North America Atv And Utv Market, By Solar-Powered, 2021-2028 (In $ Million)
Figure 18: North America Atv And Utv Market, Growth Potential, By Application, In 2020
Figure 19: North America Atv And Utv Market, By Utility, 2021-2028 (In $ Million)
Figure 20: North America Atv And Utv Market, By Sports, 2021-2028 (In $ Million)
Figure 21: North America Atv And Utv Market, By Others, 2021-2028 (In $ Million)
Figure 22: North America Atv And Utv Market, Growth Potential, By End-User, In 2020
Figure 23: North America Atv And Utv Market, By Agriculture, 2021-2028 (In $ Million)
Figure 24: North America Atv And Utv Market, By Military, 2021-2028 (In $ Million)
Figure 25: North America Atv And Utv Market, By Mountaineering, 2021-2028 (In $ Million)
Figure 26: North America Atv And Utv Market, By Others, 2021-2028 (In $ Million)
Figure 27: North America Atv And Utv Market, Regional Outlook, 2020 & 2028 (In %)
Figure 28: United States Atv And Utv Market, 2021-2028 (In $ Million)
Figure 29: Canada Atv And Utv Market, 2021-2028 (In $ Million)
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