The Asia Pacific ATV and UTV Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030).
Developing safer ATVs and UTVs is anticipated to create numerous market opportunities. These vehicles are mainly used for other activities like camping and nature exploration but are dangerous. The number of accidents using these bikes has increased in recent years. As a result, numerous market players have introduced safer quad bikes that integrate modern features like GPS.
Further, as per India Brand Equity Foundation (IBEF); for 55% of India's population, agriculture is their primary source of livelihood, making India one of the leading players in the agricultural industry. By 2025, the Indian agricultural sector is expected to grow to US$24 billion, according to Inc42. The industry has also seen a substantial investment rise, with a total FDI inflow of US$ 2,600,70 million between April 2000 and June 2022.
The demand for ATVs in the Asia Pacific region is projected to boom in the upcoming period. China and Australia are the two leading all-terrain vehicle countries in the Asia Pacific in terms of volume, with the latter being the region’s top seller of ATVs. Apart from being utilized in the military and other productive sectors of the economy in this region, the growing demand for leisure and sporting activities in countries like India and Australia will propel the all-terrain vehicle market even further. In consideration to this, the market is predicted to witness significant demand for ATV and UTV from agriculture sector in the region.
The China market dominated the Asia Pacific ATV and UTV Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,478.9 million by 2030. The Japan market is anticipated to grow at a CAGR of 7.7% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 9% during (2023 - 2030).
Based on Vehicle Type, the market is segmented into UTV, and ATV. Based on Fuel Type, the market is segmented into Gasoline Powered, Diesel Powered, Electric Powered, and Solar Powered. Based on End Use, the market is segmented into Mountaineering, Military, Agriculture, and Others. Based on Displacement, the market is segmented into More Than 800 CC, 400 CC To 800 CC, and Less Than 400 CC. Based on Power Output, the market is segmented into 50kW To 100 kW, Less Than 50kW, and Above 100 kW. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide ATV and UTV Market is Projected to reach USD 17.6 Billion by 2030, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bombardier Recreational Products, Inc., Zhejiang CFMoto Power Co., Ltd., Deere & Company, Honda Motor Co. Ltd., Kawasaki Heavy Industries, Ltd., KUBOTA Corporation, Kwang Yang Motor Company Ltd., Suzuki Motor Corporation, Textron, Inc., and Yamaha Motor Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
By Fuel Type
- Gasoline Powered
- Diesel Powered
- Electric Powered
- Solar Powered
By End User
- Mountaineering
- Military
- Agriculture
- Others
By Displacement
- More Than 800 CC
- 400 CC To 800 CC
- Less Than 400 CC
By Power Output
- 50kW To 100 kW
- Less Than 50kW
- Above 100 kW
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bombardier Recreational Products, Inc.
- Zhejiang CFMoto Power Co., Ltd.
- Deere & Company
- Honda Motor Co. Ltd.
- Kawasaki Heavy Industries, Ltd.
- KUBOTA Corporation
- Kwang Yang Motor Company Ltd.
- Suzuki Motor Corporation
- Textron, Inc.
- Yamaha Motor Co., Ltd.
TABLE 1 Asia Pacific ATV and UTV Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific ATV and UTV Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– ATV and UTV Market
TABLE 4 Product Launches And Product Expansions– ATV and UTV Market
TABLE 5 Acquisition and Mergers– ATV and UTV Market
TABLE 6 Asia Pacific ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 7 Asia Pacific ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 8 Asia Pacific UTV Market by Country, 2019 - 2022, USD Million
TABLE 9 Asia Pacific UTV Market by Country, 2023 - 2030, USD Million
TABLE 10 Asia Pacific ATV Market by Country, 2019 - 2022, USD Million
TABLE 11 Asia Pacific ATV Market by Country, 2023 - 2030, USD Million
TABLE 12 Asia Pacific ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 13 Asia Pacific ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Gasoline Powered Market by Country, 2019 - 2022, USD Million
TABLE 15 Asia Pacific Gasoline Powered Market by Country, 2023 - 2030, USD Million
TABLE 16 Asia Pacific Diesel Powered Market by Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Diesel Powered Market by Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Electric Powered Market by Country, 2019 - 2022, USD Million
TABLE 19 Asia Pacific Electric Powered Market by Country, 2023 - 2030, USD Million
TABLE 20 Asia Pacific Solar Powered Market by Country, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Solar Powered Market by Country, 2023 - 2030, USD Million
TABLE 22 Asia Pacific ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 23 Asia Pacific ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 24 Asia Pacific Mountaineering Market by Country, 2019 - 2022, USD Million
TABLE 25 Asia Pacific Mountaineering Market by Country, 2023 - 2030, USD Million
TABLE 26 Asia Pacific Military Market by Country, 2019 - 2022, USD Million
TABLE 27 Asia Pacific Military Market by Country, 2023 - 2030, USD Million
TABLE 28 Asia Pacific Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 29 Asia Pacific Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 32 Asia Pacific ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 33 Asia Pacific ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 34 Asia Pacific More Than 800 CC Market by Country, 2019 - 2022, USD Million
TABLE 35 Asia Pacific More Than 800 CC Market by Country, 2023 - 2030, USD Million
TABLE 36 Asia Pacific 400 CC To 800 CC Market by Country, 2019 - 2022, USD Million
TABLE 37 Asia Pacific 400 CC To 800 CC Market by Country, 2023 - 2030, USD Million
TABLE 38 Asia Pacific Less Than 400 CC Market by Country, 2019 - 2022, USD Million
TABLE 39 Asia Pacific Less Than 400 CC Market by Country, 2023 - 2030, USD Million
TABLE 40 Asia Pacific ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 41 Asia Pacific ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 42 Asia Pacific 50kW To 100 kW Market by Country, 2019 - 2022, USD Million
TABLE 43 Asia Pacific 50kW To 100 kW Market by Country, 2023 - 2030, USD Million
TABLE 44 Asia Pacific Less Than 50kW Market by Country, 2019 - 2022, USD Million
TABLE 45 Asia Pacific Less Than 50kW Market by Country, 2023 - 2030, USD Million
TABLE 46 Asia Pacific Above 100 kW Market by Country, 2019 - 2022, USD Million
TABLE 47 Asia Pacific Above 100 kW Market by Country, 2023 - 2030, USD Million
TABLE 48 Asia Pacific ATV and UTV Market by Country, 2019 - 2022, USD Million
TABLE 49 Asia Pacific ATV and UTV Market by Country, 2023 - 2030, USD Million
TABLE 50 China ATV and UTV Market, 2019 - 2022, USD Million
TABLE 51 China ATV and UTV Market, 2023 - 2030, USD Million
TABLE 52 China ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 53 China ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 54 China ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 55 China ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 56 China ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 57 China ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 58 China ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 59 China ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 60 China ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 61 China ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 62 Japan ATV and UTV Market, 2019 - 2022, USD Million
TABLE 63 Japan ATV and UTV Market, 2023 - 2030, USD Million
TABLE 64 Japan ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 65 Japan ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 66 Japan ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 67 Japan ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 68 Japan ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 69 Japan ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 70 Japan ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 71 Japan ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 72 Japan ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 73 Japan ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 74 India ATV and UTV Market, 2019 - 2022, USD Million
TABLE 75 India ATV and UTV Market, 2023 - 2030, USD Million
TABLE 76 India ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 77 India ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 78 India ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 79 India ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 80 India ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 81 India ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 82 India ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 83 India ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 84 India ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 85 India ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 86 South Korea ATV and UTV Market, 2019 - 2022, USD Million
TABLE 87 South Korea ATV and UTV Market, 2023 - 2030, USD Million
TABLE 88 South Korea ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 89 South Korea ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 90 South Korea ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 91 South Korea ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 92 South Korea ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 93 South Korea ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 94 South Korea ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 95 South Korea ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 96 South Korea ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 97 South Korea ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 98 Singapore ATV and UTV Market, 2019 - 2022, USD Million
TABLE 99 Singapore ATV and UTV Market, 2023 - 2030, USD Million
TABLE 100 Singapore ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 101 Singapore ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 102 Singapore ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 103 Singapore ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 104 Singapore ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 105 Singapore ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 106 Singapore ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 107 Singapore ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 108 Singapore ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 109 Singapore ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 110 Malaysia ATV and UTV Market, 2019 - 2022, USD Million
TABLE 111 Malaysia ATV and UTV Market, 2023 - 2030, USD Million
TABLE 112 Malaysia ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 113 Malaysia ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 114 Malaysia ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 115 Malaysia ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 116 Malaysia ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 117 Malaysia ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 118 Malaysia ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 119 Malaysia ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 120 Malaysia ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 121 Malaysia ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 122 Rest of Asia Pacific ATV and UTV Market, 2019 - 2022, USD Million
TABLE 123 Rest of Asia Pacific ATV and UTV Market, 2023 - 2030, USD Million
TABLE 124 Rest of Asia Pacific ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 125 Rest of Asia Pacific ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 126 Rest of Asia Pacific ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 127 Rest of Asia Pacific ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 128 Rest of Asia Pacific ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 129 Rest of Asia Pacific ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 130 Rest of Asia Pacific ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 131 Rest of Asia Pacific ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 132 Rest of Asia Pacific ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 133 Rest of Asia Pacific ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 134 Key Information – Bombardier Recreational Products, Inc.
TABLE 135 Key information – Zhejiang CFMoto Power Co., Ltd.
TABLE 136 Key Information – Deere & Company
TABLE 137 key Information – Honda Motor Co. Ltd.
TABLE 138 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 139 Key Information – KUBOTA Corporation
TABLE 140 Key information – Kwang Yang Motor Company Ltd.
TABLE 141 Key information – Suzuki Motor Corporation
TABLE 142 Key Information – Textron, Inc.
TABLE 143 Key Information – Yamaha Motor Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2020, Mar – 2023, Mar) Leading Players
FIG 5 Asia Pacific ATV and UTV Market share by Vehicle Type, 2022
FIG 6 Asia Pacific ATV and UTV Market share by Vehicle Type, 2030
FIG 7 Asia Pacific ATV and UTV Market by Vehicle Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific ATV and UTV Market share by Fuel Type, 2022
FIG 9 Asia Pacific ATV and UTV Market share by Fuel Type, 2030
FIG 10 Asia Pacific ATV and UTV Market by Fuel Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific ATV and UTV Market share by End Use, 2022
FIG 12 Asia Pacific ATV and UTV Market share by End Use, 2030
FIG 13 Asia Pacific ATV and UTV Market by End Use, 2019 - 2030, USD Million
FIG 14 Asia Pacific ATV and UTV Market share by Displacement, 2022
FIG 15 Asia Pacific ATV and UTV Market share by Displacement, 2030
FIG 16 Asia Pacific ATV and UTV Market by Displacement, 2019 - 2030, USD Million
FIG 17 Asia Pacific ATV and UTV Market share by Power Output, 2022
FIG 18 Asia Pacific ATV and UTV Market share by Power Output, 2030
FIG 19 Asia Pacific ATV and UTV Market by Power Output, 2019 - 2030, USD Million
FIG 20 Asia Pacific ATV and UTV Market share by Country, 2022
FIG 21 Asia Pacific ATV and UTV Market share by Country, 2030
FIG 22 Asia Pacific ATV and UTV Market by Country, 2019 - 2030, USD Million
FIG 23 Recent strategies and developments: Zhejiang CFMoto Power Co., Ltd.
FIG 24 Recent strategies and developments: Deere & Company
FIG 25 SWOT ANALYSIS: HONDA MOTORS CO. LTD.
FIG 26 Recent strategies and developments: KUBOTA Corporation
FIG 27 Recent strategies and developments: Suzuki Motor Corporation