UTV Market To Record CAGR Of 6% Via Utility Sector By 2025

UTV market size from the utility sector is slated to depict a CAGR of 6% by 2025. Apart from offering these benefits, the UTVs also comfortably sit between a basic quadbikes (ATV) and a fully-fledged tractors or pickup trucks, thus, providing the UTV industry with ample growth opportunities from agriculture, without having to compete with others for the position. Moreover, unlike their bigger as well as smaller counterparts, the UTVs, owing to the diverse array of accessories & additional attachments available in the market, can perform different activities ranging from transporting supplies and mowing grass to managing livestock and plowing the fields, ensuring their dominance across the field of agriculture.

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The exponential growth map of the global UTV market can be aptly credited to the rising preference for a UTV in numerous in utility activities. In an effort to diversify their product offering, major UTV manufacturers are lately focusing on developing vehicles that can address different requirements from a varied array of application segments, including agriculture, construction & forestry, which serve to further propel the UTV industry growth over the forthcoming years.

The United States’ outdoor recreation market is known to be one of the nation’s largest economic sectors. The sector represents a sizable economic growth avenue that supports thousands of communities in America by facilitating millions of job opportunities for workers. The industry is largely supported by the nation’s bountiful waters, inspiring landscapes and iconic natural beauty. Thus, investments in this sector on public waters & lands are capable of earning compounding returns, promoting healthier economies, communities & people.

It goes without saying that the UTV market accounts for a sizable chunk of this thriving industry. Unlike other off-road vehicles recreational UTVs are a unique blend of comfort & power, wherein the vehicle operator can perform any of the off-road activities with considerably more comfort. Moreover, UTVs also boast of larger cabin spaces that allow for greater number of passengers and also come with superior safety features such as roll-cages & bucket seats, giving these vehicles an edge over other off-roaders & further supporting market growth by eliminating the customer hesitancy factor in terms of vehicle safety.

As is evident from the aforementioned trends, the global UTV industry has clearly positioned itself in an extremely lucrative spot and is bound to exhibit sustained growth in the ensuing years. The global UTV market size would be surpassing the $9 billion renumeration mark by 2025.

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Some Point from Table of Contents:

Chapter 4. UTV Market, By Displacement

4.1. Global utility terrain vehicles share by displacement, 2018 & 2025

4.2. Less Than 400 cc

4.2.1. Market estimates and forecast, 2013-2025

4.2.2. Market estimates and forecast, by region, 2013-2025

4.3. 400 – 800 cc

4.3.1. Market estimates and forecast, 2013-2025

4.3.2. Market estimates and forecast, by region, 2013-2025

4.4. More than 800 cc

4.4.1. Market estimates and forecast, 2013-2025

4.4.2. Market estimates and forecast, by region, 2013-2025

Chapter 5. UTV Market, By Application

5.1. Global utility terrain vehicles share by application, 2018 & 2025

5.2. Utility

5.2.1. Market estimates and forecast, 2013-2025

5.2.2. Market estimates and forecast, by region, 2013-2025

5.3. Sports

5.3.1. Market estimates and forecast, 2013-2025

5.3.2. Market estimates and forecast, by region, 2013-2025

5.4. Recreation

5.4.1. Market estimates and forecast, 2013-2025

5.4.2. Market estimates and forecast, by region, 2013-2025

5.5. Military

5.5.1. Market estimates and forecast, 2013-2025

5.5.2. Market estimates and forecast, by region, 2013-2025

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