The Latin America, Middle East and Africa ATV and UTV Market would witness market growth of 10.4% CAGR during the forecast period (2023-2030).
Compared to conventional vehicles, the design of an ATV vehicle guarantees superior protection from challenging working circumstances. ATVs have grown in popularity over the past several years due to their simplicity of usage in remote areas and their capacity to provide a convenient way of transporting supplies and equipment. In recent years, a number of regions have permitted the use of these vehicles on public roads.
Additionally, they are utilized in applications including manufacturing, construction, utilities, mining, and search and rescue. Some significant companies support adventure sports and off-road racing events to attract new clients and improve brand awareness. UTVs, usually referred to as side-by-sides or utility terrain vehicles, have recently become essential in various industries.
Saudi Arabia ranked among the most significant defense spender in the in 2021. The nation’s defense spending has increased significantly in the last decade due to various reasons, like wars in neighboring countries. In addition, to the economic diversification program under vision 2030, The government aims to localize almost half of its military procurement by 2030. In consideration to this, the regional military sector would invest in assets such as ATVs and UTVs, thereby resulting in the growth of regional market.
The Brazil market dominated the LAMEA ATV and UTV Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $334.1 million by 2030. The Argentina market is poised to grow at a CAGR of 11% during (2023 - 2030). Additionally, The UAE market would display a CAGR of 10.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA ATV and UTV Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 7 LAMEA ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 8 LAMEA UTV Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA UTV Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA ATV Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA ATV Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 13 LAMEA ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 14 LAMEA Gasoline Powered Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Gasoline Powered Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Diesel Powered Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Diesel Powered Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Electric Powered Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Electric Powered Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Solar Powered Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Solar Powered Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 23 LAMEA ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 24 LAMEA Mountaineering Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Mountaineering Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Military Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Military Market by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 32 LAMEA ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 33 LAMEA ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 34 LAMEA More Than 800 CC Market by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA More Than 800 CC Market by Country, 2023 - 2030, USD Million
TABLE 36 LAMEA 400 CC To 800 CC Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA 400 CC To 800 CC Market by Country, 2023 - 2030, USD Million
TABLE 38 LAMEA Less Than 400 CC Market by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Less Than 400 CC Market by Country, 2023 - 2030, USD Million
TABLE 40 LAMEA ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 41 LAMEA ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 42 LAMEA 50kW To 100 kW Market by Country, 2019 - 2022, USD Million
TABLE 43 LAMEA 50kW To 100 kW Market by Country, 2023 - 2030, USD Million
TABLE 44 LAMEA Less Than 50kW Market by Country, 2019 - 2022, USD Million
TABLE 45 LAMEA Less Than 50kW Market by Country, 2023 - 2030, USD Million
TABLE 46 LAMEA Above 100 kW Market by Country, 2019 - 2022, USD Million
TABLE 47 LAMEA Above 100 kW Market by Country, 2023 - 2030, USD Million
TABLE 48 LAMEA ATV and UTV Market by Country, 2019 - 2022, USD Million
TABLE 49 LAMEA ATV and UTV Market by Country, 2023 - 2030, USD Million
TABLE 50 Brazil ATV and UTV Market, 2019 - 2022, USD Million
TABLE 51 Brazil ATV and UTV Market, 2023 - 2030, USD Million
TABLE 52 Brazil ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 53 Brazil ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 54 Brazil ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 55 Brazil ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 56 Brazil ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 57 Brazil ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 58 Brazil ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 59 Brazil ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 60 Brazil ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 61 Brazil ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 62 Argentina ATV and UTV Market, 2019 - 2022, USD Million
TABLE 63 Argentina ATV and UTV Market, 2023 - 2030, USD Million
TABLE 64 Argentina ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 65 Argentina ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 66 Argentina ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 67 Argentina ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 68 Argentina ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 69 Argentina ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 70 Argentina ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 71 Argentina ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 72 Argentina ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 73 Argentina ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 74 UAE ATV and UTV Market, 2019 - 2022, USD Million
TABLE 75 UAE ATV and UTV Market, 2023 - 2030, USD Million
TABLE 76 UAE ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 77 UAE ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 78 UAE ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 79 UAE ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 80 UAE ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 81 UAE ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 82 UAE ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 83 UAE ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 84 UAE ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 85 UAE ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 86 Saudi Arabia ATV and UTV Market, 2019 - 2022, USD Million
TABLE 87 Saudi Arabia ATV and UTV Market, 2023 - 2030, USD Million
TABLE 88 Saudi Arabia ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 89 Saudi Arabia ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 90 Saudi Arabia ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 91 Saudi Arabia ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 92 Saudi Arabia ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 93 Saudi Arabia ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 94 Saudi Arabia ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 95 Saudi Arabia ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 96 Saudi Arabia ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 97 Saudi Arabia ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 98 South Africa ATV and UTV Market, 2019 - 2022, USD Million
TABLE 99 South Africa ATV and UTV Market, 2023 - 2030, USD Million
TABLE 100 South Africa ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 101 South Africa ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 102 South Africa ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 103 South Africa ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 104 South Africa ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 105 South Africa ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 106 South Africa ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 107 South Africa ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 108 South Africa ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 109 South Africa ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 110 Nigeria ATV and UTV Market, 2019 - 2022, USD Million
TABLE 111 Nigeria ATV and UTV Market, 2023 - 2030, USD Million
TABLE 112 Nigeria ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 113 Nigeria ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 114 Nigeria ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 115 Nigeria ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 116 Nigeria ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 117 Nigeria ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 118 Nigeria ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 119 Nigeria ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 120 Nigeria ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 121 Nigeria ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 122 Rest of LAMEA ATV and UTV Market, 2019 - 2022, USD Million
TABLE 123 Rest of LAMEA ATV and UTV Market, 2023 - 2030, USD Million
TABLE 124 Rest of LAMEA ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 125 Rest of LAMEA ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 126 Rest of LAMEA ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 127 Rest of LAMEA ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 128 Rest of LAMEA ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 129 Rest of LAMEA ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 130 Rest of LAMEA ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 131 Rest of LAMEA ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 132 Rest of LAMEA ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 133 Rest of LAMEA 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 LAMEA ATV and UTV Market share by Vehicle Type, 2022
FIG 6 LAMEA ATV and UTV Market share by Vehicle Type, 2030
FIG 7 LAMEA ATV and UTV Market by Vehicle Type, 2019 - 2030, USD Million
FIG 8 LAMEA ATV and UTV Market share by Fuel Type, 2022
FIG 9 LAMEA ATV and UTV Market share by Fuel Type, 2030
FIG 10 LAMEA ATV and UTV Market by Fuel Type, 2019 - 2030, USD Million
FIG 11 LAMEA ATV and UTV Market share by End Use, 2022
FIG 12 LAMEA ATV and UTV Market share by End Use, 2030
FIG 13 LAMEA ATV and UTV Market by End Use, 2019 - 2030, USD Million
FIG 14 LAMEA ATV and UTV Market share by Displacement, 2022
FIG 15 LAMEA ATV and UTV Market share by Displacement, 2030
FIG 16 LAMEA ATV and UTV Market by Displacement, 2019 - 2030, USD Million
FIG 17 LAMEA ATV and UTV Market share by Power Output, 2022
FIG 18 LAMEA ATV and UTV Market share by Power Output, 2030
FIG 19 LAMEA ATV and UTV Market by Power Output, 2019 - 2030, USD Million
FIG 20 LAMEA ATV and UTV Market share by Country, 2022
FIG 21 LAMEA ATV and UTV Market share by Country, 2030
FIG 22 LAMEA 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