ATV and UTV Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, Germany, France, UK - Size and Forecast 2023-2027

Published: Dec 2022 Pages: 162 SKU: IRTNTR74790

ATV and UTV Market Size 2023-2027

The ATV and UTV market is estimated to increase by USD 4.26 billion and grow at a CAGR of 6.97% between 2022 and 2027. Market expansion hinges on various factors, such as the burgeoning interest in adventurous sports, escalating demands for ATVs and UTVs, and their growing integration into agricultural and farm activities. Challenges facing this market encompass environmental apprehensions stemming from ATV and UTV usage, legal constraints tied to off-road vehicle operation, and the absence of universal acknowledgment as street-legal vehicles. These hurdles pose significant barriers to market penetration and necessitate innovative strategies for sustainability and compliance. Despite the hurdles, the potential for market growth remains substantial, given the increasing popularity of recreational activities and the indispensable role of ATVs and UTVs in various sectors. Addressing environmental concerns and legal limitations is paramount to harnessing the full potential of these vehicles in diverse applications. 

What will be the size of the ATV And UTV Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by fuel type (gasoline-powered, diesel-powered, electric-powered, and solar-powered), application (sports, utility, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

The market encompasses both ATVs (All-Terrain Vehicles) and UTVs (Utility Terrain Vehicles), which are specifically designed to handle various Terrain conditions for Recreational and Commercial applications. These vehicles, including the Polaris Sportsman MV850 ATV and UTV, are equipped with Low-pressure tires and handlebars, and are capable of maneuvering through Rough and Special training areas. ATVs and UTVs have extensive Applications in Military, Agriculture, Forestry, Sports, and Public Services. The military uses them for Reconnaissance and Utility purposes. In Agriculture, they help in Supplies and equipment transportation. Forestry applications include logging and firefighting. In Sports, they are used for racing and adventure. Public services use them for Animal applications and in Remote areas. Government and Defense organizations often utilize these vehicles for their Defense and Security needs. The capabilities of these vehicles make them ideal for handling various conditions and applications, making them an essential part of various industries.

Key Market Driver

The increasing trend toward adventurous sporting is notably driving the market growth. The global market is witnessing significant growth due to the increasing popularity of recreational and adventure sports, particularly in regions like North America and Europe. The surge in off-road activities, such as mountain and dirt racing, is driving the demand for off-road vehicles, including ATVs and UTVs. These regions have seen a rise in associations organizing annual events, which boost sales.

For instance, the Ontario Snowmobile Events in February 2022 attracted numerous adventure sports enthusiasts, leading to increased demand for these vehicles. The off-road use of these vehicles on soil terrain can contribute to soil erosion and runoff, necessitating the development of eco-friendly tires to mitigate environmental concerns. Therefore, such factors are expected to boost the growth of the global market during the forecast period.

Significant Market Trend

Growing automation in ATVs and UTVs is a major trend in the market. The ATV and UTV market is experiencing significant advancements in powertrains and drivetrains, with a focus on reducing soil erosion and runoff during off-road use.

Autonomous and connected car technologies are also being integrated into these vehicles, as seen with Honda Motor's prototype of a semi-autonomous ATV unveiled at CES 2019. This prototype, built on a rugged ATV chassis, utilizes GPS and sensors to minimize environmental impact and improve overall performance. Such factors are estimated to drive the market during the forecast period. 

Major Market Challenge

The environmental concerns due to the use of ATVs and UTVs are major challenges impeding the market. The market faces challenges due to the environmental impact of these vehicles on soil. Off-roading activities can lead to increased soil runoff, erosion, and compaction. Soil erosion is a significant concern as it can alter the soil's structure and reduce its ability to support vegetation.

Compaction, a long-term effect, increases soil bulk density, strength, and decreases permeability, making it less suitable for plant growth. These issues can negatively impact market growth as regulations and environmental concerns continue to evolve. Therefore, such environmental factors will hinder the growth of the market during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major ATV and UTV Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

HISUN Motors Corp. -The company offers all-terrain vehicles delivering a complete line of UTVs and ATVs, under the brand names of Forge, Tactic, Youth, and many more. The key offerings of the company include ATVs.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • BMS Motorsports Inc.
  • Bombardier Recreational Products Inc.
  • Deere and Co.
  • Honda Motor Co. Ltd
  • Kawasaki Heavy Industries Ltd.
  • Kayo USA
  • Kubota Corp.
  • KWANG YANG MOTOR Co. Ltd.
  • Mahindra and Mahindra Ltd.
  • Massimo Motor Sports LLC
  • Nebula Automotive Pvt. Ltd.
  • Polaris Inc.
  • Suzuki Motor Corp.
  • Tao Motor Inc.
  • Textron Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

 By Application

The market share growth by the sports segment will be significant during the forecast period. The ATV and UTV market experiences significant growth due to the increasing popularity of motorsports events, particularly in the context of racing in challenging terrains such as snow and sand. These vehicles, including sports ATVs and UTVs, are engineered for superior speed and agility. They boast features like long suspension systems, aerodynamic fairings, and high ground clearance, enabling them to traverse difficult terrains and even jump with ease. However, the off-road use of these vehicles can lead to soil erosion and runoff, which may require mitigation efforts to prevent environmental damage.

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The sports segment was valued at USD 5.27 billion in 2017 and continued to grow until 2021. The increasing demand for watching and participating in motorsports events, aided by the increasing number of global contests, is fueling the demand for sports ATVs and UTVs. Moreover, the increase in off-road recreational activities is driving the ATV and UTV market for sports. The increase in the number of sports enthusiasts driving ATVs and the development of ATV experience zones will positively impact this market segment.

By Regions

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North America is estimated to contribute 59% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The Side-by-side, Four-wheel drive vehicles market in North America, specifically consisting of ATVs and UTVs, dominates the global scene in 2022. The US and Canada are key contributors to this market's revenue due to the high demand for Passenger-carrying vehicles with increased capacity in these environments for Transportation purposes. Adventure sports and activities are popular in North America, with rules and regulations in place for their use. Some areas may Ban driving in certain Wildlife habitats to minimize damage to Vegetation and reduce Noise pollution.

Maintenance costs and Fuel consumption are considerations, with Electric Vehicles gaining traction for their reduced environmental impact. Safety measures and Bills or ordinances are essential considerations, with Newfoundland and Labrador, for instance, supporting Trapping and hunting activities on designated Circuits. Displacement and Power output are important factors, with Fuel efficiency and Safety features influencing consumer decisions. Regulations on driving in specific areas may also impact the market, such as noise pollution and wildlife damage concerns. These factors are also driving the market growth. 

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

  • Fuel Type Outlook
    • Gasoline powered
    • Diesel-powered
    • Electric powered
    • Solar powered
  • Application Outlook
    • Sports
    • Utility
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Analyst Overview

The market is a significant segment in the agricultural and construction industries. Commercial Handlers, Reconditioners, and dealers play a crucial role in the supply chain of these vehicles. The market for Surveys and Market Research firms is essential in understanding the trends and demands in the market. The Applicatiosn of ATVs and UTVs are diverse, including agriculture, construction, and personal use. Sports and Forestry applications are also popular. The Capabilities of these vehicles, such as their power, speed, and versatility, make them indispensable in various industries.

Purposes of using ATVs and UTVs include transporting goods, plowing lands, and performing construction tasks. The Spots where these vehicles are used can be rough and challenging, making their robustness and durability essential. The Terrain can vary from flat to mountainous, and the vehicles must be able to handle different conditions. The Reasons for choosing an ATV or UTV depend on the specific use case and the requirements of the user. The ATV and UTV market is dynamic, with new technologies and innovations constantly emerging. The Use of advanced technologies, such as electric engines and autonomous driving systems, is becoming increasingly common. The Market for these vehicles is expected to grow significantly in the coming years.

ATV And UTV Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.97%

Market growth 2023-2027

USD 4.26 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.75

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 59%

Key countries

US, Canada, Germany, France, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

BMS Motorsports Inc., Bombardier Recreational Products Inc., Deere and Co., HISUN Motors Corp., Honda Motor Co. Ltd, Kawasaki Heavy Industries Ltd., Kayo USA, Kubota Corp., KWANG YANG MOTOR Co. Ltd., Mahindra and Mahindra Ltd., Massimo Motor Sports LLC, Nebula Automotive Pvt. Ltd., Polaris Inc., Suzuki Motor Corp., Tao Motor Inc., Textron Inc., TOMCAR, Yamaha Motor Co. Ltd., Zhejiang CfMoto Power Co. Ltd., and Taiwan Golden Bee Co. Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the Market forecast period

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Fuel Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global atv and utv market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global atv and utv market 2017 - 2021 ($ billion)
    • 4.2 Fuel type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Fuel type Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Fuel Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Fuel Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Fuel Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Fuel Type
      • Exhibit 32: Chart on Comparison by Fuel Type
      • Exhibit 33: Data Table on Comparison by Fuel Type
    • 6.3 Gasoline powered - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Gasoline powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Gasoline powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Gasoline powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Gasoline powered - Year-over-year growth 2022-2027 (%)
    • 6.4 Diesel powered - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Diesel powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Diesel powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Diesel powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Diesel powered - Year-over-year growth 2022-2027 (%)
    • 6.5 Electric powered - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Electric powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Electric powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Electric powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Electric powered - Year-over-year growth 2022-2027 (%)
    • 6.6 Solar powered - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Solar powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Solar powered - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Solar powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Solar powered - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Fuel Type
      • Exhibit 50: Market opportunity by Fuel Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 51: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 53: Chart on Comparison by Application
      • Exhibit 54: Data Table on Comparison by Application
    • 7.3 Sports - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Sports - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Sports - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Sports - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Sports - Year-over-year growth 2022-2027 (%)
    • 7.4 Utility - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Utility - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Utility - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Utility - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Utility - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Canada - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Bombardier Recreational Products Inc.
              • Exhibit 120: Bombardier Recreational Products Inc. - Overview
              • Exhibit 121: Bombardier Recreational Products Inc. - Business segments
              • Exhibit 122: Bombardier Recreational Products Inc. - Key offerings
              • Exhibit 123: Bombardier Recreational Products Inc. - Segment focus
            • 12.4 Deere and Co.
              • Exhibit 124: Deere and Co. - Overview
              • Exhibit 125: Deere and Co. - Business segments
              • Exhibit 126: Deere and Co. - Key news
              • Exhibit 127: Deere and Co. - Key offerings
              • Exhibit 128: Deere and Co. - Segment focus
            • 12.5 HISUN Motors Corp.
              • Exhibit 129: HISUN Motors Corp. - Overview
              • Exhibit 130: HISUN Motors Corp. - Product / Service
              • Exhibit 131: HISUN Motors Corp. - Key offerings
            • 12.6 Honda Motor Co. Ltd
              • Exhibit 132: Honda Motor Co. Ltd - Overview
              • Exhibit 133: Honda Motor Co. Ltd - Business segments
              • Exhibit 134: Honda Motor Co. Ltd - Key news
              • Exhibit 135: Honda Motor Co. Ltd - Key offerings
              • Exhibit 136: Honda Motor Co. Ltd - Segment focus
            • 12.7 Kawasaki Heavy Industries Ltd.
              • Exhibit 137: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 138: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 139: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 140: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 141: Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.8 Kubota Corp.
              • Exhibit 142: Kubota Corp. - Overview
              • Exhibit 143: Kubota Corp. - Business segments
              • Exhibit 144: Kubota Corp. - Key news
              • Exhibit 145: Kubota Corp. - Key offerings
              • Exhibit 146: Kubota Corp. - Segment focus
            • 12.9 KWANG YANG MOTOR Co. Ltd.
              • Exhibit 147: KWANG YANG MOTOR Co. Ltd. - Overview
              • Exhibit 148: KWANG YANG MOTOR Co. Ltd. - Product / Service
              • Exhibit 149: KWANG YANG MOTOR Co. Ltd. - Key offerings
            • 12.10 Nebula Automotive Pvt. Ltd.
              • Exhibit 150: Nebula Automotive Pvt. Ltd. - Overview
              • Exhibit 151: Nebula Automotive Pvt. Ltd. - Product / Service
              • Exhibit 152: Nebula Automotive Pvt. Ltd. - Key offerings
            • 12.11 Polaris Inc.
              • Exhibit 153: Polaris Inc. - Overview
              • Exhibit 154: Polaris Inc. - Business segments
              • Exhibit 155: Polaris Inc. - Key offerings
              • Exhibit 156: Polaris Inc. - Segment focus
            • 12.12 Suzuki Motor Corp.
              • Exhibit 157: Suzuki Motor Corp. - Overview
              • Exhibit 158: Suzuki Motor Corp. - Business segments
              • Exhibit 159: Suzuki Motor Corp. - Key offerings
              • Exhibit 160: Suzuki Motor Corp. - Segment focus
            • 12.13 Taiwan Golden Bee Co. Ltd.
              • Exhibit 161: Taiwan Golden Bee Co. Ltd. - Overview
              • Exhibit 162: Taiwan Golden Bee Co. Ltd. - Product / Service
              • Exhibit 163: Taiwan Golden Bee Co. Ltd. - Key offerings
            • 12.14 Tao Motor Inc.
              • Exhibit 164: Tao Motor Inc. - Overview
              • Exhibit 165: Tao Motor Inc. - Business segments
              • Exhibit 166: Tao Motor Inc. - Key offerings
              • Exhibit 167: Tao Motor Inc. - Segment focus
            • 12.15 Textron Inc.
              • Exhibit 168: Textron Inc. - Overview
              • Exhibit 169: Textron Inc. - Business segments
              • Exhibit 170: Textron Inc. - Key news
              • Exhibit 171: Textron Inc. - Key offerings
              • Exhibit 172: Textron Inc. - Segment focus
            • 12.16 Yamaha Motor Co. Ltd.
              • Exhibit 173: Yamaha Motor Co. Ltd. - Overview
              • Exhibit 174: Yamaha Motor Co. Ltd. - Business segments
              • Exhibit 175: Yamaha Motor Co. Ltd. - Key offerings
              • Exhibit 176: Yamaha Motor Co. Ltd. - Segment focus
            • 12.17 Zhejiang CfMoto Power Co. Ltd.
              • Exhibit 177: Zhejiang CfMoto Power Co. Ltd. - Overview
              • Exhibit 178: Zhejiang CfMoto Power Co. Ltd. - Product / Service
              • Exhibit 179: Zhejiang CfMoto Power Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              • What are the factors influencing the growth of the parent market?

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