FEATURED COMPANIES
- Brp Inc
- Deere and Company
- Honda Motor Company
- Kubota Corporation
- Polaris Industries Inc
- Textron Inc
MARKET OUTLOOK
The publisher’s research report infers that the ATV and UTV market in the Asia-Pacific is estimated to grow at a CAGR of 7.91% over the forecast period 2022 to 2028. South Korea, Australia & New Zealand, Rest of APAC, China, India, ASEAN countries, and Japan outline the region’s market.ATVs and UTVs are popular in the mountain regions and islands across South Korea. The growth in the power sports sector owing to changing consumer behavior is expected to amplify the demand for these quad bikes. Besides, the increasing operations undertaken by prominent market players are set to highlight the need for ATVs and UTVs. For instance, KIA Motors announced the manufacturing of combat vehicles, focusing primarily on ATV vehicles. Hence, such developments will position the ATV and UTV market in South Korea on a positive growth trajectory.
Further, ATV and UTV are adopted to promote off-road vehicles within India. This growth is because of the rise in adventure sports activities in the country. For example, new ATV circuits introduced in Noida provide an off-road experience to the people. The entry of global players also supports the market’s growth. For instance, the Chinese manufacturer CFMoto stated its plan to launch its products in the Indian market, encouraging other companies to manufacture ATVs and UTVs. Such initiatives are predicted to provide opportunities to the Indian ATV and UTV market.
COMPETITIVE OUTLOOK
The distinguished companies in the ATV and UTV market include Hisun, Kawasaki Heavy Industries, Polaris Industries Inc, BRP Inc, Kwang Yang Motor Co Ltd, and Yamaha Motor Co Ltd.FEATURED COMPANIES
- Brp Inc
- Deere and Company
- Honda Motor Company
- Kubota Corporation
- Polaris Industries Inc
- Textron Inc
1. Asia-Pacific ATV and UTV Market - Summary
2. Industry Outlook
3. Asia-Pacific ATV and UTV Market - by Vehicle Type
4. Asia-Pacific ATV and UTV Market - by Displacement
5. Asia-Pacific ATV and UTV Market - by Fuel Type
6. Asia-Pacific ATV and UTV Market - by End-User
7. Asia-Pacific ATV and UTV Market - Regional Outlook
8. Competitive Landscape
9. Methodology & Scope
List of Tables
List of Figures
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
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