Market Overview:
The global electric ATV and UTV market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for electric vehicles across different applications, such as work and entertainment. In terms of type, the displacement (CC) segment is expected to witness highest growth during the forecast period. North America dominates the global electric ATV and UTV market in terms of revenue share followed by Europe and Asia Pacific respectively.
Product Definition:
An electric ATV or UTV is a vehicle that uses electricity to power one or more electric motors. This can be a great alternative to gas-powered vehicles, as they are often quieter and produce no emissions. Electric ATVs and UTVs can be used for many purposes, such as hunting, farming, ranching, and recreational activities.
Displacement (CC): ≤ 400:
400-600 CC electric ATV and UTV market size, by region, 2014 - 2020 -> The global displacement (CC) is 400-600 in the range of electric vehicles. It is used to measure power in an engine or motor. In this case, it refers to the measurement from the rear wheel against that of a standard vehicle with a single rider on a regular bike with no load attached.
Displacement (CC): 400-800:
400-800 CC is displacement of the engine in electric vehicles and utility vehicles. It’s used to calculate power that can be delivered to wheels by means of a drive train. The formula is 400-800 x (Power Rating - 100) where Power Rating: Is the rating of vehicle in kW, which can be found on the label on the fuel tank or sometimes it is printed on windshield if its visible from outside.
Application Insights:
The work application segment dominated the global electric ATV and UTV market, accounting for a revenue share of over 60.0% in 2017. The segment is expected to witness significant growth owing to the increasing demand for such vehicles from construction, mining and agricultural industries. Furthermore, governments are promoting initiatives such as ¢â‚¬Å“E-commerce Garages¢â‚¬ wherein owners can park their electric cars next to their trucks in garage areas which reduces the overall space requirement thereby reducing costs associated with building or purchasing new spaces. Such initiatives are expected to promote further growth of this application segment during the forecast period.
Entertainment application was another major revenue contributor in 2017 due to rising adoption of these vehicles by film producers.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for utility vehicles across the U.S. and Canada, which are among the largest consumers of ATVs/UTVs in North America.
Europe accounted for a significant share in terms of revenue as well as volume in 2017 owing to high demand from countries such as Germany, France, Italy.
Asia Pacific regional market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns and government incentives
- Advances in electric vehicle technology, making them more efficient and affordable
- Growing popularity of off-road recreational activities, such as ATV riding and UTV racing
- Rising disposable income among consumers, enabling them to purchase more expensive recreational vehicles
- Expansion of the dealer network across North America, providing greater access to electric ATVs and UTVs
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric ATV and UTV Market Research Report
By Type
Displacement (CC): ≤ 400, Displacement (CC): 400-800, Displacement (CC): ≥ 800
By Application
Work, Entertainment
By Companies
Polaris, Honda, BRP, Kawasaki, Yamaha Motor, Arctic Cat, Linhai, Eco Charger, Polaris
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electric ATV and UTV Market Report Segments:
The global Electric ATV and UTV market is segmented on the basis of:
Types
Displacement (CC): ≤ 400, Displacement (CC): 400-800, Displacement (CC): ≥ 800
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
Work, Entertainment
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:
- Polaris
- Honda
- BRP
- Kawasaki
- Yamaha Motor
- Arctic Cat
- Linhai
- Eco Charger
- Polaris
Highlights of The Electric ATV and 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:
- Displacement (CC): ≤ 400
- Displacement (CC): 400-800
- Displacement (CC): ≥ 800
- By Application:
- Work
- Entertainment
- 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 ATV and 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 ATV and UTV are electric vehicles that use an electric motor to power the vehicle. They typically have a smaller engine than traditional ATVs or UTVs, making them easier to operate and less expensive to buy.
Some of the major players in the electric atv and utv market are Polaris, Honda, BRP, Kawasaki, Yamaha Motor, Arctic Cat, Linhai, Eco Charger, Polaris.
The electric atv and utv market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric ATV and 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 ATV and UTV Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electric ATV and 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 ATV and 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 ATV and UTV Market Size & Forecast, 2018-2028 4.5.1 Electric ATV and UTV Market Size and Y-o-Y Growth 4.5.2 Electric ATV and UTV Market Absolute $ Opportunity
Chapter 5 Global Electric ATV and UTV 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 Electric ATV and UTV Market Size Forecast by Type
5.2.1 Displacement (CC): ≤ 400
5.2.2 Displacement (CC): 400-800
5.2.3 Displacement (CC): ≥ 800
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric ATV and UTV 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 Electric ATV and UTV Market Size Forecast by Applications
6.2.1 Work
6.2.2 Entertainment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric ATV and 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 ATV and 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 Electric ATV and UTV Analysis and Forecast
9.1 Introduction
9.2 North America Electric ATV and UTV 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 Electric ATV and UTV Market Size Forecast by Type
9.6.1 Displacement (CC): ≤ 400
9.6.2 Displacement (CC): 400-800
9.6.3 Displacement (CC): ≥ 800
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 Electric ATV and UTV Market Size Forecast by Applications
9.10.1 Work
9.10.2 Entertainment
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 Electric ATV and UTV Analysis and Forecast
10.1 Introduction
10.2 Europe Electric ATV and UTV 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 Electric ATV and UTV Market Size Forecast by Type
10.6.1 Displacement (CC): ≤ 400
10.6.2 Displacement (CC): 400-800
10.6.3 Displacement (CC): ≥ 800
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 Electric ATV and UTV Market Size Forecast by Applications
10.10.1 Work
10.10.2 Entertainment
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 Electric ATV and UTV Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric ATV and UTV 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 Electric ATV and UTV Market Size Forecast by Type
11.6.1 Displacement (CC): ≤ 400
11.6.2 Displacement (CC): 400-800
11.6.3 Displacement (CC): ≥ 800
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 Electric ATV and UTV Market Size Forecast by Applications
11.10.1 Work
11.10.2 Entertainment
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 Electric ATV and UTV Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric ATV and UTV 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 Electric ATV and UTV Market Size Forecast by Type
12.6.1 Displacement (CC): ≤ 400
12.6.2 Displacement (CC): 400-800
12.6.3 Displacement (CC): ≥ 800
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 Electric ATV and UTV Market Size Forecast by Applications
12.10.1 Work
12.10.2 Entertainment
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) Electric ATV and UTV Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric ATV and UTV 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) Electric ATV and UTV Market Size Forecast by Type
13.6.1 Displacement (CC): ≤ 400
13.6.2 Displacement (CC): 400-800
13.6.3 Displacement (CC): ≥ 800
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) Electric ATV and UTV Market Size Forecast by Applications
13.10.1 Work
13.10.2 Entertainment
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 ATV and UTV Market: Competitive Dashboard
14.2 Global Electric ATV and UTV Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Polaris
14.3.2 Honda
14.3.3 BRP
14.3.4 Kawasaki
14.3.5 Yamaha Motor
14.3.6 Arctic Cat
14.3.7 Linhai
14.3.8 Eco Charger
14.3.9 Polaris