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23 sty 2024 · Utility task vehicles (UTV) also termed as recreational off highway vehicle (ROV) is an automobile primarily used for commercial, transportation and recreational purposes, while All-terrain vehicle (ATV) is automotive equipment designed to handle terrain than most other vehicles.
The Global ATV and UTV Market size is expected to reach $17.6 billion by 2030, rising at a market growth of 7.6% CAGR during the forecast period. ATVs and UTVs are becoming increasingly popular for military operations, including troop transportation, and driving across challenging terrain.
The global all-terrain vehicle market size was valued at USD 4.54 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030.
The global ATV and UTV market size reached approximately USD 11.79 billion in 2023. The market is assessed to grow at a CAGR of 6.1% between 2024 and 2032 to attain a value of around USD 20.33 billion by 2032.
All-terrain Vehicle Market by Application (Sport, Utility, Agriculture, Military), Drive (2WD, 4WD, AWD), Engine (<400, 400-800, >800cc), Fuel, Number of Wheels (ATV and Side-By-Side), Battery Capacity, Seating Capacity & Region - Global Forecast to 2030.
U.S. Off-Road Vehicles Market Size - By Vehicle (ATV, SSV/UTV, Off-Road Motorcycles, Snowmobiles), Propulsion Type (Gasoline, Diesel, Electric), Application (Utility, Sports, Recreation, Military), Growth Prospects, Regional Outlook & Forecast 2023 - 2032
Based on the vehicle type, the market is segmented into utility task vehicles (UTV) and all-terrain vehicles (ATV). Based on the application type, the market is segmented into sports, agricultural, and other applications.
