Market Overview:
The global electric all-terrain vehicle (ATV) and utility-terrain vehicle (UTV) market is expected to register a CAGR of 5.8% during the forecast period, 2018–2030. The market growth can be attributed to the increasing demand for electric ATVs and UTVs from professional sports, recreational, agricultural and utility applications, owing to their low emissions and high efficiency. In addition, the military and defense sector is also projected to boost the demand for electric ATVs in coming years. Based on type, the global electric ATV market has been segmented into sports ATVs and utility ATVs. The sports ATV segment is anticipated to account for a larger share of the global electric ATV market during the forecast period as compared to that of utility vehicles due its growing popularity among consumers for recreational purposes such as trail riding or racing events. However, with an increase in awareness about environmental benefits offered by electric vehicles over their gasoline counterparts across different end-use segments including agriculture & utilities; mining; forestry etc.
 and Utility-Terrain Vehicle (UTV) Industry Outlook.svg)
Product Definition:
Electric all-terrain vehicle (ATV) is a vehicle that uses electric power to drive all or part of its wheels. It is classified as an off-road vehicle. Utility-terrain Vehicle (UTV) is a type of four-wheel drive, low speed vehicle characterized by a large platform for carrying cargo or passengers, and come in both 2WD and 4WD configurations.
The importance of electric all terrain vehicles (ATVs) and utility terrain vehicles (UTVs) are many fold. They provide people with recreation opportunities, help with agricultural tasks, support public safety efforts including search and rescue missions, among other things.
Sports ATVs:
Sports ATVs, also known as off-road vehicles or electric all-terrain vehicles are motorized and designed for use in rough terrain. They are equipped with skidoo/4WD drive system that allows them to move through non-motorized tracks. Sports ATVs can be used for various purposes including hunting, camping, fishing, farming and other similar activities.
Utility ATVs:
U.S. Utility ATVs and it's usage in Electric all-Terrain Vehicle (ATV) and utility-terrain vehicle (UTV) market by product, 2014 - 2024 -> The U.S utility ATVs & UTVs market was valued at USD 575 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The professional sports segment dominated the global electric all-terrain vehicle (ATV) and utility-terrain vehicle (UTV) market in terms of revenue share in 2017. Professional sports such as motocross, off-road racing, and snow are some of the major applications that contribute to the large share held by this segment. The recreational application is expected to be one of the fastest growing segments over the forecast period owing to increasing disposable income among a lot of middle class population across various regions including Asia Pacific and Middle East & Africa. This has led to an increased number of consumers opting for recreational activities such as riding dirt bikes or UTVs on weekends with friends or family members instead spending their weekends watching TV at home.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increased focus on utility vehicles for personal transportation, as well as enhanced off-road capabilities of sports ATVs. Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income and increasing consumer interest in utility vehicles with superior performance characteristics compared to their counterparts available in Europe and North America. Furthermore, growing popularity of electric vehicle technology is anticipated to drive sales of all-terrain vehicles across developing nations such as India, China, Indonesia, Thailand among others. Additionally, presence of key automobile manufacturers including Honda Motor Co., Ltd.; Suzuki Motor Corporation; Yamaha Motor Co., Ltd.; Kawasaki Heavy Industries Ltd.
The European region accounted for a major share due its well established automotive industry coupled with stringent government regulations regarding fuel economy ratio.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns
- Growing popularity of outdoor recreational activities
- Rising disposable income of consumers
- Technological advancements in electric ATV and UTVs
- Government initiatives to promote the use of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Research Report
By Type
Sports ATVs, Utility ATVs
By Application
Professional Sports, Recreational, Agriculture and Utility, Military and Defense, Others
By Companies
CECTEK, CFmoto, DRR USA, Tesla, Arctic Cat, HiSun Motors, Honda Motor Co Ltd, Nikola Corporation, Polaris Industries Inc, Club Car, Bombardier Recreational Products, Linhai, Segway Technology Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Report Segments:
The global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) market is segmented on the basis of:
Types
Sports ATVs, Utility ATVs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Professional Sports, Recreational, Agriculture and Utility, Military and Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CECTEK
- CFmoto
- DRR USA
- Tesla
- Arctic Cat
- HiSun Motors
- Honda Motor Co Ltd
- Nikola Corporation
- Polaris Industries Inc
- Club Car
- Bombardier Recreational Products
- Linhai
- Segway Technology Co., Ltd
 and Utility-Terrain Vehicle (UTV) Market Overview.svg)
Highlights of The Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sports ATVs
- Utility ATVs
- By Application:
- Professional Sports
- Recreational
- Agriculture and Utility
- Military and Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 and Utility-Terrain Vehicle (UTV) Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric all-terrain vehicles (ATVs) and utility-terrain vehicles (UTVs) are off-road vehicles that use electric power to move. They can be used for recreational purposes, such as riding around in parks or trails, or for work, such as moving materials on a construction site.
Some of the key players operating in the electric all-terrain vehicle (atv) and utility-terrain vehicle (utv) market are CECTEK, CFmoto, DRR USA, Tesla, Arctic Cat, HiSun Motors, Honda Motor Co Ltd, Nikola Corporation, Polaris Industries Inc, Club Car, Bombardier Recreational Products, Linhai, Segway Technology Co., Ltd.
The electric all-terrain vehicle (atv) and utility-terrain vehicle (utv) market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Size & Forecast, 2020-2028
4.5.1 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Size and Y-o-Y Growth
4.5.2 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sports ATVs
5.2.2 Utility ATVs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Professional Sports
6.2.2 Recreational
6.2.3 Agriculture and Utility
6.2.4 Military and Defense
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sports ATVs
9.6.2 Utility ATVs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Professional Sports
9.10.2 Recreational
9.10.3 Agriculture and Utility
9.10.4 Military and Defense
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sports ATVs
10.6.2 Utility ATVs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Professional Sports
10.10.2 Recreational
10.10.3 Agriculture and Utility
10.10.4 Military and Defense
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sports ATVs
11.6.2 Utility ATVs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Professional Sports
11.10.2 Recreational
11.10.3 Agriculture and Utility
11.10.4 Military and Defense
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sports ATVs
12.6.2 Utility ATVs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Professional Sports
12.10.2 Recreational
12.10.3 Agriculture and Utility
12.10.4 Military and Defense
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sports ATVs
13.6.2 Utility ATVs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Professional Sports
13.10.2 Recreational
13.10.3 Agriculture and Utility
13.10.4 Military and Defense
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market: Competitive Dashboard
14.2 Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CECTEK
14.3.2 CFmoto
14.3.3 DRR USA
14.3.4 Tesla
14.3.5 Arctic Cat
14.3.6 HiSun Motors
14.3.7 Honda Motor Co Ltd
14.3.8 Nikola Corporation
14.3.9 Polaris Industries Inc
14.3.10 Club Car
14.3.11 Bombardier Recreational Products
14.3.12 Linhai
14.3.13 Segway Technology Co., Ltd
