Utility Task Vehicles (UTV) Market By Vehicle Type (Sports UTVs, Load Carrier UTVs, Multipurpose UTVs), By Fuel Type (Fuel UTVs, Electric UTVs), Industry Analysis, Trends, and Forecast 2019 – 2025Report ID: BMRC 126 | Number of pages: 200 | Publish Date: May 2019 | Publisher: BMRC | Category: Automotive and Transport
Utility Task Vehicles (UTV) Market is valued at USD 4.03 Billion in 2018 and expected to reach USD 6.47 Billion by 2025 with the CAGR of 6.99% over the forecast period – Rising focus towards recreational activities is the key driving factor for Global Utility Task Vehicles (UTV) Market. Utility task vehicles (UTV) market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Utility Task Vehicles (UTV) Market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications. Utility Task Vehicles (UTV)Market Analysis A utility vehicle is a vehicle that is designed to perform wide range of operations in different sectors including logistics and supply chain, green industry and lawn care industry. Its high capacity and versatility have increased its popularity for various applications such as; in rural and urban settings for a variety of lawn care, agricultural, construction, and industrial applications. Utility task vehicles are combined with continuously variable transition system(CVT), as it provides the high gear ratios unlike mechanical transition. Electric utility task vehicles require much less maintenance than their traditional equivalents in farming industry. Utility task vehicles market is expected to witness a significant growth in the coming few years owing to its application in several sectors such as farming industry, logistics, luggage transportation and others. In addition, its load-carrying is extensively used for agricultural applications and farmers globally able to identify the potential of UTV for carrying loads, tools and tow agricultural equipments which is further boost growth of this market in the coming few years. Advanced electrification of the automotive powered vehicles can be one of the most promising opportunities of utility vehicle market in near future. Utility Task Vehicles (UTV)Market Share Utility Task Vehicles (UTV) Market Revenue (USD Billion) Analysis by Regional and Global, 2019-2025 Key players of the Utility Task Vehicles (UTV) market are Polaris Industries, Kawasaki Heavy Industries Motorcycle & Engine Company, Suzuki Motor Corporation, Yamaha Motor Company, Limited, Honda Motor Co., Ltd, Deere & Company, Husqvarna AB, Kubota Corporation, Case IH, Bobcat Company, Mahindra & Mahindra Limited and Caterpillar Inc. Utility Task Vehicles (UTV) Market Segmentation – By Vehicle Type: Sports UTVs Load Carrier UTVs Multipurpose UTVs Others By Fuel Type: Fuel UTVs Electric UTVs By Region: North America U.S. Canada Europe U.K. France Germany Italy Asia Pacific China Japan India Southeast Asia Latin America Brazil Mexico Middle East and Africa GCC Africa Rest of Middle East and Africa Utility Task Vehicles (UTV) Market Key Players Polaris Industries Kawasaki Heavy Industries Motorcycle & Engine Company Suzuki Motor Corporation Yamaha Motor Company, Limited Honda Motor Co., Ltd. Deere & Company Husqvarna AB Kubota Corporation
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