Global ATV & UTV Market
ATV and UTV Market size is estimated at USD 10.11 Billion in 2024 and is projected to reach USD 20.82 Billion by the end of 2037, witnessing around 5.81% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ATV and UTV is assessed at USD 10.57 Billion.
The main element to encourage the ATV and UTV market revenue is the growing demand for food. According to the Food and Agriculture Organization's predictions to feed the worldwide population of 9.1 billion people in 2050 the need to boost food production by some 70 percent between 2005/07 and 2050 has also increased. Hence, the need for fertilizers is also growing to encourage food production. As a result, the ATV and UTV market demand is also foreseen to rise in applying fertilizers.
Author Credits: Saima Khursheed
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