MARKET OUTLOOK
According to the publisher’s report on the ATV and UTV market in Europe, the market is expected to increase at a compound annual growth rate of 5.78% in value during the forecasting period 2022-2028. France, the United Kingdom, Russia, Spain, Italy, Germany, and Rest of Europe shape the region’s market.The Spanish government has invested substantial revenue in agriculture and forestry machinery, incorporating advanced technology. This high investment is primarily owing to the increasing demand for food, which has surged the need for advanced agricultural machinery. In this regard, ATVs and UTVs assist in easy and faster transportation of supplies, thus making them ideal in an agriculture setting. These vehicles are also widely used in Barcelona as numerous old roading activities are held. Therefore, these factors increase the demand for ATVs and UTVs, simultaneously widening the scope and growth of the ATV and UTV market in Spain.
Furthermore, the proliferating demand across military, agriculture, sports, entertainment, hunting, and forestry has majorly supported the adoption of ATVs and UTVs throughout France. Besides this, the rise in adventure and recreational parks has amplified the demand for utility vehicles, adding to the studied market’s expansion. Therefore, as stated above, these developments are estimated to support the development of the ATV and UTV market within France over the upcoming years.
COMPETITIVE OUTLOOK
The popular firms in the ATV and UTV market consist of Textron Inc, Kubota Corporation, Suzuki Motors Corporation, Honda Motor Company, Deere and Company, and CFmoto.Table of Contents
1. Europe ATV and UTV Market - Summary
2. Industry Outlook
3. Europe ATV and UTV Market - by Vehicle Type
4. Europe ATV and UTV Market - by Displacement
5. Europe ATV and UTV Market - by Fuel Type
6. Europe ATV and UTV Market - by End-User
7. Europe ATV and UTV Market - Regional Outlook
8. Competitive Landscape
9. Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Brp Inc
- Cfmoto
- Deere and Company
- Hisun
- Honda Motor Company
- Kawasaki Heavy Industries
- Kubota Corporation
- Kwang Yang Motor Co Ltd
- Polaris Industries Inc
- Suzuki Motors Corporation
- Textron Inc
- Yamaha Motor Co Ltd
Methodology
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