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The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027).
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Global ATV & UTV Market, Size, Share, Analysis Report & Forecast to 2026 Global ATV & UTV Market Size, Growth Analysis Report, Forecast to 2027 Global ATV & UTV Market Size, Growth Analysis Report, Forecast to 2027 Global ATV & UTV Market: Report Based on Development, Scope, Share, Trends, Forecast to 2027 Global ATV & UTV Market Trends | Segmentation, Outlook, Industry Report to 2021-2027 The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027). The primary factors that are driving the global ATV and UTV market include the increasing trend of adventure sports and entertainment, the use of ATV and UTV in military operations, and government regulations to promote the development of the ATV and UTV industries. ATV and UTVs are getting popular over the years owing to the rising recreational activities. Tourism councils have started to integrate activities as trekking and hiking focused on ATV and UTV by building tracks to attract and hold tourists for a longer period of time in their countries. Annual championships are organized by plenty of countries, and this is gaining huge success as anyone able to drive ATV can compete in these championships. This rising trend of adventure sports draws visitors, and thus,is anticipated to augment the market growth of ATV and UTV over the forecast period. Free Sample Copy @ https://www.omrglobal.com/request-sample/atv-and-utv-market
The ATV & UTV market is segmented on the basis of vehicle type, propulsion type, end-user, drivetrain type, and engine size. Based on vehicle type, the ATV & UTV market is segmented into ATV UTV. Based on propulsion type, the ATV & UTV market is segmented into gasoline powered, electric powered and diesel powered. Based on end-user, the market is segmented into agriculture, construction, military, recreational, mountaineering. Based on drivetrain type, the market is segmented into two-wheel drive, three-wheel drive, and all-wheel drive. Based on engine size, the market is segmented into less than 400 cc, 400 to 800 cc, and more than 800 cc. A Full Report of Global ATV & UTV Market is Available at: https://www.omrglobal.com/industry-reports/atv-and-utv-market The global ATV & UTV market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold a considerable market share during the forecast period. The high demand for ATV and UTV in end-user industries such as military & defense, agriculture, and recreational activities is a key factor contributing to the high share of the regional market. The US Army’s Fort Benning military base in Georgia, the US, ordered 32 MV850 ATVs in June 2019 from Polaris Inc. Further, in March 2021, Polaris announced the plan for a full-size electric RANGER, that is supposed to allow departments to incorporate more electric vehicles (EVs) into the fleets with durability. Such innovation by key ATV & UTV market players across the region is again contributing to the regional market growth. Global ATV & UTV Market – Segmentation by Vehicle Type •ATV •UTV by Propulsion Type •Gasoline Powered •Diesel Powered •Electric Powered by End-User •Agriculture •Construction •Military •Recreational
•Mountaineering by Drivetrain Type •Two-Wheel Drive •Three-Wheel Drive •All-Wheel Drive by Engine Size •Less than 400 CC •400 to 800 CC •More than 800 CC Global ATV & UTV Market – Segmentation by Region North America •United States •Canada Europe •Germany •United Kingdom •France •Spain •Italy •Rest of Europe Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World Company Profiles •American Landmaster •Arctic Cat Inc.
•Asp Group Sro •Automotive Energy Supply Corp. •Bombardier Recreational Products Inc. •Cectek •Cfmoto •Club Car, Llc •Contemporary Amperex Technology Co., Ltd. •Drr Usa •Hisun Motors Corp. •Hitachi Chemical Co., Ltd •Honda Motor Co. Ltd. •Johnson Controls International Plc •Lg Chem Ltd. •Nikola Corp. •Panasonic Corp. •Polaris Industries Inc. •Segway Technology Co., Ltd. •Solvay Group •Tesla, Inc. •Toshiba Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/atv-and-utv-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404