Utility Terrain Vehicle (UTV) Industry

1. Utility Terrain Vehicle (UTV) Industry Synopsis Utility terrain vehicle is a vehicle designed for operations in off-highway and are majorly suspended on four low-pressure tires. Utility terrain vehicles usually have weight of 3,750 pounds or less. These do not include electric golf carts or personal transportation vehicles. UTVs have a side by side seating arrangement, seat belts, and rollover protection, as well as they have a cargo box at the rear of the vehicle. UTV’s possess a higher payload capability and are comparatively longer and wider than all-terrain vehicles. This extra length and width of the vehicle provides an enhanced unit stability to the vehicle. As per Market Research Future (MRFR), the global Utility Terrain Vehicle (UTV) Industry is expected to strike a CAGR of 6% during the forecast period 2017 to 2023. Competitive Dashboard Some of the major players participating in the global Utility Terrain Vehicle (UTV) Industry are Kawasaki Heavy Industries Ltd. (Japan), Polaris Industries, Inc. (U.S.), John Deere (U.S.), Kubota Corporation (Japan), Honda Motor Company, Ltd. (Japan), Hisun Motors Corp (U.S.), Yamaha Motor Company Limited (Japan), Arctic Cat (U.S.), BRP (Canada) and Kwang Yang Motor Co, Ltd (Taiwan). Market Segmentation By product type, the global Utility Terrain Vehicle (UTV) Industry has been segmented into Displacement (CC): ≤ 400CC, Displacement (CC): 400-800 CC and Displacement (CC): ≥ 800 CC. By application, the Utility Terrain Vehicle (UTV) Industry has been segmented into Work UTV, Sports UTV, Others Regional Analysis The global Utility Terrain Vehicle (UTV) Industry, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is anticipated to hold a maximum share of the global market. The consolidation of major players in the U.S. and Canada are likely to propel the expansion of the Utility Terrain Vehicle (UTV) Industry in the upcoming years. The focus is on product development and product line innovations which are anticipated to favor the expansion of the market across the next few years. The annual motorsport competition held in the U.S. every year is one of the major drivers of the country-level market. It is expected to drive the demand in the region throughout the forecast period. Industry News In February 2019, Spain's Hispano Suiza and British-based Lagonda have announced their participation in the annual Geneva International Motor Show with its retro all-terrain vehicles revived as electric cars.

2. In February 2019, a newly established plastics coating company, Armor Plastics LLC, has invested USD 13.4 Mn in a 145,000-square-foot facility in Indiana. The facility is designed to carry on operations for its patented coating technology for all-terrain, utility, and other recreational vehicles. In January 2019, Zeal Motor Inc, Canada, has launched its first truck in a series of industrial off-road utility vehicles, FAT TRUCK™, designed for the transportation of materials and personnel in difficult terrains. In January 2019, TRACKER, part of the Tantalum Corporation, has partnered with Textron Inc., an American industrial conglomerate, for the introduction of TRACKER OFF ROAD, a bold new line of high-performance all-terrain vehicles (ATVs). Get Full Report @ https://www.marketresearchfuture.com/reports/utility-terrain- vehicle-market-6118 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com