Market Overview:
The Global Side by Side UTVs Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for recreational activities and rising disposable income in emerging economies. In terms of type, the displacement (CC) segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the increasing demand for high-powered side by side UTVs in developed countries such as North America and Europe.
Product Definition:
Side by Side UTVs are a type of all-terrain vehicle that has two seats next to each other. They are used for recreation, work, and hunting.
Displacement (CC): ≤ 400:
Displacement (CC) is the volume of fuel in a tank or the amount of liquid in a can. It's important to know because it has an effect on performance and safety. The higher the CC, generally, the more power and torque that vehicle will deliver.
Displacement (CC): 400-800:
400-800 CC is displacement of the engine and it's used in side by side utv market. It can be also define as volume of fuel that can fit into a combustion chamber of specified dimensions. The displacement is mainly used to measure power output in UTVs and ATVs.
Is 400-800 CC UTV legal? Is it safe to drive? Can I use my own vehicle as a base for designing the chassis, motor, etc.
Application Insights:
The work application segment dominated the global side by side uTVs market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth owing to rising demand from various construction and mining applications across the globe. Side-by-side UTVs are widely used for forestry operations, farming activities and other rural works such as road maintenance and building & construction activities in developing countries including India, China, Bangladesh etc., which is likely to propel industry expansion over the forecast period.
Entertainment application was one of the prominent segments accounted for a significant market share in 2017 due to growing popularity among young adults towards sports utility vehicles or sports cars with four-wheel drive capability as a status symbol along with luxurious features such as leather seats and sound systems installed inside them.
Regional Analysis:
North America dominated the global side by side utv market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key manufacturers such as Can-Am, Honda, Kawasaki and Suzuki in this region. Moreover, these vehicles are used for recreational activities such as fishing and hunting which has increased their demand significantly. The UTVs are also used for work purposes such as utility tree trimming services due to increasing demand from residential areas where there is a shortage of skilled workers.
Asia Pacific is expected to be the fastest growing regional market with a CAGR exceeding 5% during the forecast period owing to rapid development taking place across countries like India and China along with other Southeast Asian nations that have abundant natural resources.
Growth Factors:
- Increasing demand for recreational activities: The Side by Side UTVs market is witnessing a rise in demand due to the increase in recreational activities, such as off-roading, hunting, and fishing. This is driving the sales of Side by Side UTVs across the globe.
- Technological advancements: The manufacturers are focusing on developing technologically advanced products with enhanced features to cater to the needs of consumers. This is helping them gain a larger share in the global market.
- Rising disposable income: With rising disposable incomes, consumers are increasingly investing in high-end vehicles such as Side by Side UTVs that offer better performance and features compared to traditional vehicles. This is propelling the growth of this market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Side by Side UTVs Market Research Report
By Type
Displacement (CC): ≤ 400, Displacement (CC): 400-800, Displacement (CC): ≥ 800
By Application
Work, Entertainment
By Companies
Polaris, BRP, John Deere, Honda, Kawasaki, Kubota, Arctic Cat, Yamaha Motor, CFMOTO, HSUN Motor, Linhai Group, KYMCO
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Side by Side UTVs Market Report Segments:
The global Side by Side UTVs 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
- BRP
- John Deere
- Honda
- Kawasaki
- Kubota
- Arctic Cat
- Yamaha Motor
- CFMOTO
- HSUN Motor
- Linhai Group
- KYMCO
Highlights of The Side by Side UTVs 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 Side by Side UTVs 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
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?
Side by Side UTVs are a type of four-wheel drive vehicle that have two seats in the front and one seat in the back. They are similar to regular UTVs, but they have a shorter wheelbase and narrower track. This makes them easier to maneuver through tight spaces and around obstacles.
Some of the major companies in the side by side utvs market are Polaris, BRP, John Deere, Honda, Kawasaki, Kubota, Arctic Cat, Yamaha Motor, CFMOTO, HSUN Motor, Linhai Group, KYMCO.
The side by side utvs market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Side by Side UTVs 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 Side by Side UTVs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Side by Side UTVs 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 Side by Side UTVs 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 Side by Side UTVs Market Size & Forecast, 2020-2028
4.5.1 Side by Side UTVs Market Size and Y-o-Y Growth
4.5.2 Side by Side UTVs 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 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 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 Work
6.2.2 Entertainment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Side by Side UTVs 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 Side by Side UTVs 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 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 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 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 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 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 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 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 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 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 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 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) 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 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) 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 Side by Side UTVs Market: Competitive Dashboard
14.2 Global Side by Side UTVs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Polaris
14.3.2 BRP
14.3.3 John Deere
14.3.4 Honda
14.3.5 Kawasaki
14.3.6 Kubota
14.3.7 Arctic Cat
14.3.8 Yamaha Motor
14.3.9 CFMOTO
14.3.10 HSUN Motor
14.3.11 Linhai Group
14.3.12 KYMCO
