The Europe Utility Vehicle Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Top manufacturers are increasing their investments in diesel & electric compact utility vehicle research and development, particularly in the electric compact utility vehicle category. The results of R&D initiatives include a competitive pricing offering, increased end-user satisfaction with performance, and the usage of new technologies. Rising R&D efforts through collaboration or partnerships assist the organization in releasing new & innovative items into the market. In some areas, the construction equipment business is confronted with severe legislation requiring construction equipment to meet particular criteria. Governments establish agencies to preserve the environment, like as the Pollution Control Agency, the Environmental Protection Agency, and the Kano State Environmental Planning and Protection Agency, among others.
Off-road and difficult terrain maneuver ability is the most well-known features of utility vehicles. In comparison to traditional vehicles, the vehicle's design provides improved protection from harsh operating environments. They're used in sports, military, forestry, agriculture, and defence, among other things. Utility vehicles have grown in popularity in recent years as a result of their simplicity of usage in isolated regions and capacity to transport supplies and equipment.
Because the German construction sector is booming, the German compact utility vehicle market is rising. The country's key macroeconomic drivers remain strong, & many factors are positive for growth. Gardening & landscape applications have grown dramatically in the German market, and this trend is expected to spread to the worldwide small utility vehicle market. In addition, rental sales in Germany have risen significantly, affecting demand for new compact utility cars.
Manufacturers & consumers in the UK compact utility vehicle market are affected by the Brexit scenario. In addition, the electric compact utility vehicle market is expected to rise due to stringent environmental restrictions in the United Kingdom. In the United Kingdom, the proportion of new end users to rental sales has been significantly higher. The market for tracked compact utility vehicles is projected to be driven by the growing adoption of tracked compact utility vehicles in the United Kingdom.
The Germany market dominated the Europe Utility Vehicle Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,997 million by 2028. The UK market is experiencing a CAGR of 7.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.3% during (2022 - 2028).
Based on Propulsion, the market is segmented into IC Engine Powered, Electric Powered, and Others. Based on Vehicle Type, the market is segmented into Sport Utility Vehicle (SUV), Multi Utility Vehicle (MUV), Utility Terrain Vehicle Type (UTV), and Others. Based on Application, the market is segmented into Passenger Commute, Industrial, Agricultural, Sports, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Utility Vehicle Market Size will Hit $46.1 Billion by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Polaris, Inc., Deere & Company, Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., KUBOTA Corporation, Mahindra & Mahindra Limited, Zhejiang CFMoto Power Co., Ltd., and Bombardier Recreational Products, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Propulsion
- IC Engine Powered
- Electric Powered
- Others
By Vehicle Type
- Sport Utility Vehicle (SUV)
- Multi Utility Vehicle (MUV)
- Utility Terrain Vehicle Type (UTV)
- Others
By Application
- Passenger Commute
- Industrial
- Agricultural
- Sports
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Textron, Inc.
- Polaris, Inc.
- Deere & Company
- Honda Motor Co. Ltd.
- Yamaha Motor Co., Ltd.
- Kawasaki Heavy Industries, Ltd.
- KUBOTA Corporation
- Mahindra & Mahindra Limited
- Zhejiang CFMoto Power Co., Ltd.
- Bombardier Recreational Products, Inc.
Related Reports:
Global Utility Vehicle Market Report 2022-2028
North America Utility Vehicle Market Report 2022-2028
Asia Pacific Utility Vehicle Market Report 2022-2028
LAMEA Utility Vehicle Market Report 2022-2028
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Utility Vehicle Market, by Propulsion
1.4.2 Europe Utility Vehicle Market, by Vehicle Type
1.4.3 Europe Utility Vehicle Market, by Application
1.4.4 Europe Utility Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jan – 2022, Apr) Leading Players
Chapter 4. Europe Utility Vehicle Market by Propulsion
4.1 Europe IC Engine Powered Market by Country
4.2 Europe Electric Powered Market by Country
4.3 Europe Others Market by Country
Chapter 5. Europe Utility Vehicle Market by Vehicle Type
5.1 Europe Sport Utility Vehicle (SUV) Market by Country
5.2 Europe Multi Utility Vehicle (MUV) Market by Country
5.3 Europe Utility Terrain Vehicle Type (UTV) Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe Utility Vehicle Market by Application
6.1 Europe Passenger Commute Market by Country
6.2 Europe Industrial Market by Country
6.3 Europe Agricultural Market by Country
6.4 Europe Sports Market by Country
6.5 Europe Others Market by Country
Chapter 7. Europe Utility Vehicle Market by Country
7.1 Germany Utility Vehicle Market
7.1.1 Germany Utility Vehicle Market by Propulsion
7.1.2 Germany Utility Vehicle Market by Vehicle Type
7.1.3 Germany Utility Vehicle Market by Application
7.2 UK Utility Vehicle Market
7.2.1 UK Utility Vehicle Market by Propulsion
7.2.2 UK Utility Vehicle Market by Vehicle Type
7.2.3 UK Utility Vehicle Market by Application
7.3 France Utility Vehicle Market
7.3.1 France Utility Vehicle Market by Propulsion
7.3.2 France Utility Vehicle Market by Vehicle Type
7.3.3 France Utility Vehicle Market by Application
7.4 Russia Utility Vehicle Market
7.4.1 Russia Utility Vehicle Market by Propulsion
7.4.2 Russia Utility Vehicle Market by Vehicle Type
7.4.3 Russia Utility Vehicle Market by Application
7.5 Spain Utility Vehicle Market
7.5.1 Spain Utility Vehicle Market by Propulsion
7.5.2 Spain Utility Vehicle Market by Vehicle Type
7.5.3 Spain Utility Vehicle Market by Application
7.6 Italy Utility Vehicle Market
7.6.1 Italy Utility Vehicle Market by Propulsion
7.6.2 Italy Utility Vehicle Market by Vehicle Type
7.6.3 Italy Utility Vehicle Market by Application
7.7 Rest of Europe Utility Vehicle Market
7.7.1 Rest of Europe Utility Vehicle Market by Propulsion
7.7.2 Rest of Europe Utility Vehicle Market by Vehicle Type
7.7.3 Rest of Europe Utility Vehicle Market by Application
Chapter 8. Company Profiles
8.1 Textron, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 Polaris, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Geographical Expansions:
8.3 Deere & Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.4 Honda Motor Co. Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 Yamaha Motor Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 Kawasaki Heavy Industries, Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Geographical Expansions:
8.7 KUBOTA Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.8 Mahindra & Mahindra Limited (Mahindra Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Collaborations, Partnerships and Agreements:
8.9 Zhejiang CFMoto Power Co., Ltd.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
8.9.2.3 Geographical Expansions:
8.10. Bombardier Recreational Products, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Geographical Expansions:
TABLE 1 Europe Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 2 Europe Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Utility Vehicle Market
TABLE 4 Product Launches And Product Expansions – Utility Vehicle Market
TABLE 5 Acquisition and Mergers – Utility Vehicle Market
TABLE 6 Geographcial Expansions – Utility Vehicle Market
TABLE 7 Europe Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 8 Europe Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 9 Europe IC Engine Powered Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe IC Engine Powered Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Electric Powered Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Electric Powered Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 16 Europe Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 17 Europe Sport Utility Vehicle (SUV) Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Sport Utility Vehicle (SUV) Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Multi Utility Vehicle (MUV) Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Multi Utility Vehicle (MUV) Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Utility Terrain Vehicle Type (UTV) Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Utility Terrain Vehicle Type (UTV) Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 26 Europe Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 27 Europe Passenger COMMUTE MARKET by Country, 2018 - 2021, USD Million
TABLE 28 Europe Passenger Commute Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Agricultural Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Agricultural Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Sports Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Sports Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Utility Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Utility Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 39 Germany Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 40 Germany Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 41 Germany Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 42 Germany Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 43 Germany Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 44 Germany Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 45 Germany Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 46 Germany Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 47 UK Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 48 UK Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 49 UK Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 50 UK Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 51 UK Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 52 UK Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 53 UK Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 54 UK Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 55 France Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 56 France Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 57 France Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 58 France Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 59 France Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 France Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 France Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 62 France Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 63 Russia Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 64 Russia Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 65 Russia Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 66 Russia Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 67 Russia Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 Russia Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 Russia Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 70 Russia Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 71 Spain Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 72 Spain Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 73 Spain Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 74 Spain Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 75 Spain Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 Spain Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 Spain Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 78 Spain Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 79 Italy Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 80 Italy Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 81 Italy Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 82 Italy Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 83 Italy Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 84 Italy Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 85 Italy Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 86 Italy Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of Europe Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 88 Rest of Europe Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 89 Rest of Europe Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 90 Rest of Europe Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 91 Rest of Europe Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 92 Rest of Europe Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 95 Key information – Textron, Inc.
TABLE 96 Key information – Polaris, Inc.
TABLE 97 Key information – Deere & Company
TABLE 98 key Information – Honda Motor Co. Ltd.
TABLE 99 Key Information – Yamaha Motor Co., Ltd.
TABLE 100 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 101 Key Information – KUBOTA Corporation
TABLE 102 key Information – Mahindra & Mahindra Limited
TABLE 103 Key information – Zhejiang CFMoto Power Co., Ltd.
TABLE 104 Key information – Bombardier Recreational Products, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jan – 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: Polaris, Inc.
FIG 6 Recent strategies and developments: Deere & Company
FIG 7 SWOT ANALYSIS: HONDA MOTORS CO. LTD.
FIG 8 Recent strategies and developments: KUBOTA Corporation
FIG 9 Recent strategies and developments: Zhejiang CFMoto Power Co., Ltd.