Utility Terrain Vehicle UTV Market - Top Companies and Manufacturers

Companies Dominating the Utility Terrain Vehicle Landscape

The UTV terrain vehicle sector is poised to exhibit profitable growth during the forecast period. Key players in the sector are investing to launch robust UTVs for various industries, and expanding manufacturing capabilities to enlarge their UTV market share.

Here are some key players in the market:

Polaris
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Corvus
Landmaster
Volcon ePowersports
Segway
Yamaha
Kawasaki
Suzuki Motor Corporation
TEXTRON Inc.
HISUN Motors
Can-Am
Kandi Technologies Group Inc.
Honda
Massimo Group

Browse Key Market Insights with Data Illustration:

Utility Terrain Vehicle Market Size & Share, Forecast Report 2037

In the News

In June 2024, Kandi Technologies Group Inc., announced the launch of its newly developed 10K high-clearance, fully electric UTV. The new innovative model will have an extended swing arm and a widened wheelbase for stability in multiple settings.
In November 2024, the Massimo Group launched the 2025 Buck 550-6 Crew UTV. The newly redesigned UTV caters to the needs of families, outdoor enthusiasts, and light work across properties. The UTV is designed for aging demographics.

Frequently Asked Questions (FAQ)

The utility terrain vehicle (UTV) sector was valued at USD 7.72 billion and is expected to expand at a CAGR of 5.7% during the forecast period, i.e., 2025-2037.

The utility terrain vehicle (UTV) market size is poised to grow from USD 7.72 billion in 2024 to USD 15.87 billion in 2037, at a CAGR of 5.7% during the forecast period, i.e., 2025-2037.

The major players in the market are Polaris, Corvus, Landmaster, Volcon ePowersports, Segway, Yamaha, Kawasaki, Suzuki Motor Corporation, TEXTRON Inc., HISUN Motors, Can-Am, Kandi Technologies Group Inc., Honda, Massimo Group, and others.

The utility segment of the UTV sector is poised to account for the largest share of 38.4% during the forecast period. The rising application of UTV owing for various utilities is a major driver of the segment’s growth.

Regionally, the UTV market of North America registered the largest revenue share of 75.8% during the forecast period. The region’s dominance is due to the rising popularity of Powersports and the integration of UTVs in recreational outdoor activities.

Utility Terrain Vehicle UTV Market - Top Companies and Manufacturers

Companies Dominating the Utility Terrain Vehicle Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the utility terrain vehicle (UTV) market?

What is the outlook for the utility terrain vehicle (UTV) market?

Who are the major players dominating the utility terrain vehicle (UTV) market?

Which product segment will capture the significant market share for the utility terrain vehicle (UTV) sector by 2037?

Which region will provide more business opportunities for the growth of the utility terrain vehicle (UTV) market in the future?