Utility Terrain Vehicles Market Research Key Players, Industry Overview, Supply Chain and Analysis 2016 – 2021

Utility terrain vehicle (UTV) is much different from other vehicles which include 2-wheel motor bikes. Operating a UTV is rider enabled, in which the rider must use his/her body movements to control the machine. Technically, the utility terrain vehicle creates a high centre of gravity & makes these machines more prone to overturning, specifically on corners or at high speeds. These vehicles have a large impact on environment owing to the large tires and capability to sustain the rough terrain.

The risks and hazards occur when a rider has not adhered to the manufacturer standards. This makes the manufacturers to develop an effective standard operating procedure manual for the UTV use and also document the records of all training, accidents, incidents and corrective actions. Personal protective equipment (PPE) is another mandate requirement to be fulfilled by manufacturers along with proper arrangement of insurance.

Commercially, the product usage emphasizes on safety measures such as airless tires, covered roof, efficient switching between 2WD and 4WD for high efficiency, better stability due to independent suspensions and sustainability in variable weather conditions. In addition, technological innovations in form of puncture free Non-Pneumatic tires eliminate the risk of accidents from tire punctures.

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Further, All-Terrain Vehicle Safety Institute (ASI) regulates the use of UTV helmets, seatbelts, or footrests. The regulatory norms related to number of passengers approved per vehicles and stringent driving rules for teenagers are some of the rules imposed by government in order to lower the fatalities and injuries. The business is growing popularly in several parts of world due to a genuine experience in riding.

The key driving factors responsible for the growth of utility terrain vehicles market include growth in disposable income, rising recreational and off-roading activities and particular growth in emerging markets, especially in China & India. Additionally, growth in technological advancements such as infotainment systems makes it friendlier and entertains while driving. Moreover, mobile tracking, GPS tracking, Bluetooth connectivity further gives anexotic experience to driving.

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On the basis of product, the global utility terrain vehicles market is segmented into sports UTV and heavy UTV. Sports UTV accounted for a large share in global market. On the basis of application, the global utility terrain vehicles market is segmented into sports, entertainment, agriculture, military and defense and forestry. On the basis of engine displacement, the global utility terrain vehicles market is segmented into low, medium and high.

On the basis of geographic segmentation, the global utility terrain vehicles span North America, Europe, APAC, Middle-East and Africa. North America is anticipated to grow at a higher CAGR during the forecast period owing to increasing disposable income. APAC regions and Europe are anticipated to grow at a significant CAGR due to strengthening economy, presence of varied terrain with many rivers, lakes and waterways.

The key players in the global utility terrain vehicles market include Polaris, Kawasaki, John Deere, Kubota, Yamaha, and HSUN motor, Arctic Cat, Honda, BRP, Linhai Group, KYMCO, and CFMOTO. Companies are adapting to merger and acquisitions to gain major share in industry. Also, heavy spending on R&D for new technology and efficient product development is another business strategy adopted. The need for enhancing product features and performance such as low maintenance enables manufacturers to maintain competitive edge in the industry.

Table Of Content

1 Utility Terrain Vehicle Overview
1.1 Product Overview and Scope of Utility Terrain Vehicle
1.2 Utility Terrain Vehicle Segment by Types
1.3 Utility Terrain Vehicle Segment by Application
1.4 Utility Terrain Vehicle Market by Region
1.5 Global Market Size (Value and Volume) of Utility Terrain Vehicle (2011-2021)

2 Global Utility Terrain Vehicle Market Competition by Manufacturers
2.1 Global Utility Terrain Vehicle Production and Share by Manufacturers (2015 and 2016)
2.2 Global Utility Terrain Vehicle Revenue and Share by Manufacturers (2015 and 2016)
2.3 Global Utility Terrain Vehicle Average Price by Manufacturers (2015 and 2016)
2.4 Manufacturers Utility Terrain Vehicle Manufacturing Base Distribution and Product Type
2.5 Competitive Situation and Trends

3 Global Utility Terrain Vehicle Analysis by Region
3.1 Global Utility Terrain Vehicle Production, Revenue and Market Share by Region (2011-2021)
3.2 Global Utility Terrain Vehicle Consumption by Region (2011-2021)
3.3 North America
3.4 Europe
3.5 China
3.6 Japan
3.7 India
3.8 Southeast Asia

4 Global Utility Terrain Vehicle Analysis by Type
4.1 Global Utility Terrain Vehicle Production, Revenue, Market Share and Growth Rate by Type (2011-2021)
4.2 Adult type (Engine capacity ?90ml) Production, Revenue, Price and Growth (2011-2021)
4.3 Youth type (Engine capacity 70~90ml) Production, Revenue, Price and Growth (2011-2021)
4.4 Child type (Engine capacity ?90ml) Production, Revenue, Price and Growth (2011-2021)

5 Global Utility Terrain Vehicle Market Analysis by Application
5.1 Global Utility Terrain Vehicle Consumption and Market Share by Application (2011-2021)
5.2 Major Regions Utility Terrain Vehicle Consumption by Application in 2015 and 2016
5.3 Global Utility Terrain Vehicle Consumption Growth Rate by Application (2011-2021)
5.4 Market Drivers and Opportunities

6 Global Utility Terrain Vehicle Manufacturers Analysis
6.1 Polaris Industries
6.2 John Deere
6.3 Kawasaki
6.4 Yamaha Motor
6.5 Kubota
6.6 Arctic Cat
6.7 Honda

7 Utility Terrain Vehicle Technology and Development Trend
7.1 Utility Terrain Vehicle Technology Analysis
7.2 Utility Terrain Vehicle Technology Development Trend

8 Research Findings and Conclusion

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