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MARKET DEFINITION ATV (all terrain vehicle) is a controlled off-highway vehicle with four low-pressure or non-pneumatic tyres, a seat designed to be straddled by the operator, and steering handlebars. UTV (utility terrain vehicle) are built and used more for work than recreation. They are large, powerful, able to seat passengers side by side, and built with lots of storage space. They’re commonly used to haul equipment and supplies in locations that make using a truck impractical or impossible.
REPORT OVERVIEW • Triton's research on ATV and UTV provides a comprehensive analysis of the market. • Key market insights, Porter's five forces analysis, key impact analysis, and the market attractiveness index are all included in the extensive research report. The global ATV (all terrain vehicle) and UTV (utility terrain vehicle) market is expected to grow at a CAGR of 6.85% from 2021 to 2028, according to Triton Market Research. In 2020, the market was worth $6788.22 million, and by 2028, it is predicted to be worth $11711.11 million.
PRICE STATISTICS • New ATVs can cost from a few thousand dollars to over $15,000. Additional fees are included for safety equipment and insurance. • New UTVs range from $5,000 to $30,000. Additional fees, like safety equipment and insurance, are included.
MARKET SEGMENTATION Market by Fuel Type: 1)Gasoline-Powered 2)Diesel-Powered 3) Electric-Powered 4) Solar-Powered Market by Application: • 1) Utility • 2)Sports • 3)Others Market by End-user: 1)Agriculture 2) Military 3) Mountaineering 4) Others
MAJOR PLAYERS • Polaris Industries Inc • Kubota Corporation • Yamaha Motor Co Ltd • Suzuki Motors Corporation • Honda Motor Company • Deere & Company.
TERRITORIAL DISTRIBUTION ASIA - PACIFIC NORTH AMERICA LATIN AMERICA EUROPE
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