The North America ATV and UTV Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
Over the past few years, ATVs and UTVs have become popular as practical means to carry equipment and supplies while enabling access to remote areas. ATVs and UTVs are additionally utilized for transportation purposes by eliminating the use of animals. The military, marine, and army ground units also use these vehicles for patrol, security, and reconnaissance purposes. For instance, in November 2020, Polaris Government & Defense developed Sportsman MV850 ATV for military uses, such as training and forward operations' administrative, security, patrol, and reconnaissance purposes.
In addition, continuous government support for using off-road vehicles in various industries, including military & defense, agriculture, and others, creates more opportunities for the market to expand. The use of electric ATVs and UTVs is governed by state-specific legislation and rules. Off-road vehicles, or LSVs, must also be insured and registered in some states. The use of these vehicles may also be governed by local laws in some towns and cities. Most states require that drivers of electric ATVs and UTVs be at least 16 years old.
The North American region is anticipated to have a significant demand for off-road vehicles during the forecasted period. All-terrain vehicles significantly rose as youth’s interest in outdoor and adventurous activities increased. The growth of leisure spending and the quantity of off-roading activities in the area are the two main factors driving the market. The availability of a wide range of ATVs at various price points is also anticipated to promote growth.
The US market dominated the North America ATV and UTV Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,129.7 million by 2030. The Canada market is showcasing a CAGR of 9.3% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 8.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America ATV and UTV Market, by Vehicle Type
1.4.2 North America ATV and UTV Market, by Fuel Type
1.4.3 North America ATV and UTV Market, by End User
1.4.4 North America ATV and UTV Market, by Displacement
1.4.5 North America ATV and UTV Market, by Power Output
1.4.6 North America ATV and UTV 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
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Mar – 2023, Mar) Leading Players
Chapter 4. North America ATV and UTV Market by Vehicle Type
4.1 North America UTV Market by Country
4.2 North America ATV Market by Country
Chapter 5. North America ATV and UTV Market by Fuel Type
5.1 North America Gasoline Powered Market by Country
5.2 North America Diesel Powered Market by Country
5.3 North America Electric Powered Market by Country
5.4 North America Solar Powered Market by Country
Chapter 6. North America ATV and UTV Market by End Use
6.1 North America Mountaineering Market by Country
6.2 North America Military Market by Country
6.3 North America Agriculture Market by Country
6.4 North America Others Market by Country
Chapter 7. North America ATV and UTV Market by Displacement
7.1 North America More Than 800 CC Market by Country
7.2 North America 400 CC To 800 CC Market by Country
7.3 North America Less Than 400 CC Market by Country
Chapter 8. North America ATV and UTV Market by Power Output
8.1 North America 50kW To 100 kW Market by Country
8.2 North America Less Than 50kW Market by Country
8.3 North America Above 100 kW Market by Country
Chapter 9. North America ATV and UTV Market by Country
9.1 US ATV and UTV Market
9.1.1 US ATV and UTV Market by Vehicle Type
9.1.2 US ATV and UTV Market by Fuel Type
9.1.3 US ATV and UTV Market by End Use
9.1.4 US ATV and UTV Market by Displacement
9.1.5 US ATV and UTV Market by Power Output
9.2 Canada ATV and UTV Market
9.2.1 Canada ATV and UTV Market by Vehicle Type
9.2.2 Canada ATV and UTV Market by Fuel Type
9.2.3 Canada ATV and UTV Market by End Use
9.2.4 Canada ATV and UTV Market by Displacement
9.2.5 Canada ATV and UTV Market by Power Output
9.3 Mexico ATV and UTV Market
9.3.1 Mexico ATV and UTV Market by Vehicle Type
9.3.2 Mexico ATV and UTV Market by Fuel Type
9.3.3 Mexico ATV and UTV Market by End Use
9.3.4 Mexico ATV and UTV Market by Displacement
9.3.5 Mexico ATV and UTV Market by Power Output
9.4 Rest of North America ATV and UTV Market
9.4.1 Rest of North America ATV and UTV Market by Vehicle Type
9.4.2 Rest of North America ATV and UTV Market by Fuel Type
9.4.3 Rest of North America ATV and UTV Market by End Use
9.4.4 Rest of North America ATV and UTV Market by Displacement
9.4.5 Rest of North America ATV and UTV Market by Power Output
Chapter 10. Company Profiles
10.1 Bombardier Recreational Products, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.2 Zhejiang CFMoto Power Co., Ltd.
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Product Launches and Product Expansions:
10.2.2.2 Partnerships, Collaborations, and Agreements:
10.3 Deere & Company
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.5.2 Acquisition and Mergers:
10.4 Honda Motor Co. Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Kawasaki Heavy Industries, Ltd.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.6 KUBOTA Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Partnerships, Collaborations, and Agreements:
10.7 Kwang Yang Motor Company Ltd.
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Product Launches and Product Expansions:
10.8 Suzuki Motor Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.5.2 Partnerships, Collaborations, and Agreements:
10.9 Textron, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.10. Yamaha Motor Co., Ltd.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Product Launches and Product Expansions:
TABLE 1 North America ATV and UTV Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 7 North America ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 8 North America UTV Market by Country, 2019 - 2022, USD Million
TABLE 9 North America UTV Market by Country, 2023 - 2030, USD Million
TABLE 10 North America ATV Market by Country, 2019 - 2022, USD Million
TABLE 11 North America ATV Market by Country, 2023 - 2030, USD Million
TABLE 12 North America ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 13 North America ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 14 North America Gasoline Powered Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Gasoline Powered Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Diesel Powered Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Diesel Powered Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Electric Powered Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Electric Powered Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Solar Powered Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Solar Powered Market by Country, 2023 - 2030, USD Million
TABLE 22 North America ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 23 North America ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 24 North America Mountaineering Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Mountaineering Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Military Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Military Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 32 North America ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 33 North America ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 34 North America More Than 800 CC Market by Country, 2019 - 2022, USD Million
TABLE 35 North America More Than 800 CC Market by Country, 2023 - 2030, USD Million
TABLE 36 North America 400 CC To 800 CC Market by Country, 2019 - 2022, USD Million
TABLE 37 North America 400 CC To 800 CC Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Less Than 400 CC Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Less Than 400 CC Market by Country, 2023 - 2030, USD Million
TABLE 40 North America ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 41 North America ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 42 North America 50kW To 100 kW Market by Country, 2019 - 2022, USD Million
TABLE 43 North America 50kW To 100 kW Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Less Than 50kW Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Less Than 50kW Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Above 100 kW Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Above 100 kW Market by Country, 2023 - 2030, USD Million
TABLE 48 North America ATV and UTV Market by Country, 2019 - 2022, USD Million
TABLE 49 North America ATV and UTV Market by Country, 2023 - 2030, USD Million
TABLE 50 US ATV and UTV Market, 2019 - 2022, USD Million
TABLE 51 US ATV and UTV Market, 2023 - 2030, USD Million
TABLE 52 US ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 53 US ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 54 US ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 55 US ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 56 US ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 57 US ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 58 US ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 59 US ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 60 US ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 61 US ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 62 Canada ATV and UTV Market, 2019 - 2022, USD Million
TABLE 63 Canada ATV and UTV Market, 2023 - 2030, USD Million
TABLE 64 Canada ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 65 Canada ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 66 Canada ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 67 Canada ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 68 Canada ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 69 Canada ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 70 Canada ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 71 Canada ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 72 Canada ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 73 Canada ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 74 Mexico ATV and UTV Market, 2019 - 2022, USD Million
TABLE 75 Mexico ATV and UTV Market, 2023 - 2030, USD Million
TABLE 76 Mexico ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 77 Mexico ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 78 Mexico ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 79 Mexico ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 80 Mexico ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 81 Mexico ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 82 Mexico ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 83 Mexico ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 84 Mexico ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 85 Mexico ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 86 Rest of North America ATV and UTV Market, 2019 - 2022, USD Million
TABLE 87 Rest of North America ATV and UTV Market, 2023 - 2030, USD Million
TABLE 88 Rest of North America ATV and UTV Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 89 Rest of North America ATV and UTV Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 90 Rest of North America ATV and UTV Market by Fuel Type, 2019 - 2022, USD Million
TABLE 91 Rest of North America ATV and UTV Market by Fuel Type, 2023 - 2030, USD Million
TABLE 92 Rest of North America ATV and UTV Market by End Use, 2019 - 2022, USD Million
TABLE 93 Rest of North America ATV and UTV Market by End Use, 2023 - 2030, USD Million
TABLE 94 Rest of North America ATV and UTV Market by Displacement, 2019 - 2022, USD Million
TABLE 95 Rest of North America ATV and UTV Market by Displacement, 2023 - 2030, USD Million
TABLE 96 Rest of North America ATV and UTV Market by Power Output, 2019 - 2022, USD Million
TABLE 97 Rest of North America ATV and UTV Market by Power Output, 2023 - 2030, USD Million
TABLE 98 Key Information – Bombardier Recreational Products, Inc.
TABLE 99 Key information – Zhejiang CFMoto Power Co., Ltd.
TABLE 100 Key Information – Deere & Company
TABLE 101 key Information – Honda Motor Co. Ltd.
TABLE 102 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 103 Key Information – KUBOTA Corporation
TABLE 104 Key information – Kwang Yang Motor Company Ltd.
TABLE 105 Key information – Suzuki Motor Corporation
TABLE 106 Key Information – Textron, Inc.
TABLE 107 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 North America ATV and UTV Market share by Vehicle Type, 2022
FIG 6 North America ATV and UTV Market share by Vehicle Type, 2030
FIG 7 North America ATV and UTV Market by Vehicle Type, 2019 - 2030, USD Million
FIG 8 North America ATV and UTV Market share by Fuel Type, 2022
FIG 9 North America ATV and UTV Market share by Fuel Type, 2030
FIG 10 North America ATV and UTV Market by Fuel Type, 2019 - 2030, USD Million
FIG 11 North America ATV and UTV Market share by End Use, 2022
FIG 12 North America ATV and UTV Market share by End Use, 2030
FIG 13 North America ATV and UTV Market by End Use, 2019 - 2030, USD Million
FIG 14 North America ATV and UTV Market share by Displacement, 2022
FIG 15 North America ATV and UTV Market share by Displacement, 2030
FIG 16 North America ATV and UTV Market by Displacement, 2019 - 2030, USD Million
FIG 17 North America ATV and UTV Market share by Power Output, 2022
FIG 18 North America ATV and UTV Market share by Power Output, 2030
FIG 19 North America ATV and UTV Market by Power Output, 2019 - 2030, USD Million
FIG 20 North America ATV and UTV Market share by Country, 2022
FIG 21 North America ATV and UTV Market share by Country, 2030
FIG 22 North America 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