Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Grow Between 2024 and 2025?
The market size of the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) has experienced substantial growth recently. It is expected to rise from a worth of $10.25 billion in 2024 to $10.96 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 6.8%.
How Much Will the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Be Worth in 2029?
The All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Global Market Report 2025 predicts that by 2029, the market size will reach $14.83 billion, with a compound annual growth rate (CAGR) of 7.9%.
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Which All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Drivers Are Linked to Revenue Growth?
The key drivers in the all-terrain vehicle (atv) and utility task vehicle (utv) market are:
• Rising urbanization and growing number of high-net-worth individuals
• Awareness and efforts to reduce greenhouse gas emissions
• Manufacturing electric ATVs and UTVs to minimize fossil fuel use, noise and emissions
• Industry focus on collaborations, acquisitions and product innovation for strategic growth and market position strengthening
Which Segments Are Expected to Grow in the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market?
The all-terrain vehicle (atv) and utility task vehicle (utv) market covered in this report is segmented –
1) By Type: All-Terrain Vehicle (ATV), Utility Task Vehicle (UTV)
2) By Displacement: Less Than 400cc, 400cc-800cc, More Than 800cc, Others
3) By Fuel Types: Fossil Fuels, Electric, Solar
4) By End User: Recreational, Sports, Agriculture And Utility, Military And Defense, Other End-Users
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What Are The Key Trends Impacting Growth In The Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market?
The key trends in the all-terrain vehicle (atv) and utility task vehicle (utv) market are:
• There's an emerging trend towards the production of electric ATVs and UTVs to minimize fossil fuel consumption, noise, and emissions.
• There's a growing interest in the manufacturing of amphibious terrain vehicles, capable of traversing both land and water surfaces.
• The market is seeing a notable trend of collaborations and acquisitions as a strategy to bolster financial strength, broaden product portfolios, and expand geographic reach.
• A key trend is focused on product innovation and the development of new product solutions to strengthen market positioning.
Who Are the Key Competitors in the Global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market?
Major players in the all-terrain vehicle (atv) and utility task vehicle (utv) market are:
• Suzuki Motor Corporation
• Hisun Motors Corporation
• Kubota Corporation
• Honda Motors Co Ltd
• Textron Inc.
• TGB
• Daeshin Metal Mfg Co. Ltd
• LINHAI
• Tao Motor
• Jiangsu Jinjie Motorcycle Manufacture Co. Ltd
• Zhejiang FeiDu Vehicle Co. Ltd
• Minghui Brother International Co Ltd
• BAE Systems
• Kässbohrer All Terrain Vehicles Inc
• SHERP
• John Deere
• American Honda Motor Co. Inc
• SellyourATV.ae
• Taiwan Golden Bee
• Polaris Industries Inc.
• BRP Inc.
• CFMOTO, Inc.
• Kawasaki Heavy Industries Ltd.
• Arctic Cat Inc.
• Yamaha Motor Corporation
• Deere & Company
• Kwang Yang Motor Co., Ltd.
• RJWC Powersports
• Powerland Tachyon
Where Is the All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the all-terrain vehicle (ATV) and utility task vehicle (UTV) market in 2024
