Market by Vehicle Type, Displacement, Propulsion, Battery Capacity, End-user, and Country Outlook | Forecast 2024-2032
Triton’s report denotes that the Asia-Pacific electric ATV and UTV market is anticipated to advance with a CAGR of 12.65% during the forecast years 2024-2032.
Report scope can be customized per your requirements - Request Free Sample Report
The countries evaluated in this region include:
•
China
•
Japan
•
South Korea
•
India
•
ASEAN Countries
• Australia
& New Zealand
•
Rest of Asia-Pacific
The Asia-Pacific region is expected
to witness a substantial surge in the demand for electric all-terrain vehicles
and utility task vehicles in the near future. This growth can be attributed to
multiple factors, including the increasing popularity of adventure sports,
supportive governmental regulations, and the escalating utilization of ATVs and
UTVs in military operations, all contributing to the overall advancement of the
market.
Furthermore, prominent manufacturers
of ATVs and UTVs, such as Suzuki, Kawasaki, and Honda, in Japan, are actively
fostering the expansion of the market. These industry leaders are capitalizing
on the current demand and broadening their offerings by introducing a new
spectrum of off-road vehicles to effectively compete in the market. The
deployment of UTVs and ATVs is notably observed in the challenging terrains of
the country, particularly in hilly and inaccessible locations.
China dominates the region’s market with a majority share. The nation is expected to emerge as
a prominent purchaser of ATVs and UTVs. This trend is highlighted by the
nation’s increasing disposable income, fostering a growing preference for
electric ATVs and UTVs. Key areas driving the studied market include Chongqing,
Shanghai, Guangdong, Shandong, and Zhejiang.
These electric quad bikes have
gained significant demand for outdoor recreational applications. Notably, the
popularity of ATV riding as a form of outdoor recreation is on the rise,
observed in both developing and developed economies. These versatile vehicles
find application in various leisure activities, such as camping, off-roading,
and hunting. The market is segmented into
end-user, battery capacity, displacement, vehicle type, and propulsion.
Based on end-users, it is further divided into recreational, military &
defense, sports, agriculture & utility, and other end-users.
The key players listed in the market report include Yamaha Motor
Co Ltd, Honda Motor Company Ltd, Polaris Inc, Hisun Motors Corporation USA,
Suzuki Motors Corporation, and Textron Inc.
Honda Motor Company Ltd, a Japanese
multinational, is a prominent manufacturer of automobiles, motorcycles, and
power equipment, with its headquarters situated in Minato, Japan. Boasting a
robust global footprint, the company has established a significant presence in
key markets, spanning Europe and the Americas. With 85 subsidiaries in Japan
and 272 overseas subsidiaries, Honda stands as a major contributor to the
global market.
KEY DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the electric ATV and UTV
market revenue growth in the Asia-Pacific and its influence on the parent
market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the APAC electric ATV and UTV
market’s growth during the upcoming years
Want to get specific
insights? Our team of analysts can customize this report based on your
preferences. Connect with us here.
Market By Vehicle Type, Power ..
VIEW REPORT
Market by Vehicle, Component, ..
VIEW REPORT
Market by Vehicle Type, Displa ..
VIEW REPORT
Market by Component, Applicati ..
VIEW REPORT
Market by Solution, Applicatio ..
VIEW REPORT
Market by Vehicle Type, Applic ..
VIEW REPORT
Market by Vehicle Type, Type, ..
VIEW REPORT
Market by End-user, Vehicle, T ..
VIEW REPORT1. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ELECTRIC ATV AND UTV MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF SUPPLIERS
2.2.4. BARGAINING
POWER OF BUYERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY
BUYING IMPACT ANALYSIS
2.4. KEY
MARKET STRATEGIES
2.4.1. CONTRACTS
AND PARTNERSHIPS
2.4.2. BUSINESS
EXPANSION AND DIVESTITURE
2.4.3. NEW
PRODUCT LAUNCHES
2.4.4. ACQUISITION
2.5. MARKET
DRIVERS
2.5.1. LOWER
NOISE EMISSIONS FROM ELECTRIC ATVS AND UTVS
2.5.2. GROWING
ENVIRONMENTAL CONCERNS EXPECTED TO FUEL ELECTRIC VARIANTS DEMAND
2.6. MARKET
CHALLENGES
2.6.1. VEHICLE
RANGE AND BATTERY WEIGHT CONCERN
2.6.2. HIGH
PURCHASE COST
2.7. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET – BY VEHICLE TYPE
3.1. ATV
3.2. UTV
4. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET - BY DISPLACEMENT
4.1. ≤
400 (CC)
4.2. 400-800(CC)
4.3. ≥
800 (CC)
5. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET - BY PROPULSION
5.1. BATTERY
ELECTRIC
5.2. HYBRID
6. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET - BY BATTERY CAPACITY
6.1. UP
TO 48V
6.2. 48V
TO 72V
6.3. ABOVE
72V
7. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET - BY END-USER
7.1. RECREATIONAL
7.2. SPORTS
7.3. AGRICULTURE
& UTILITY
7.4. MILITARY
& DEFENSE
7.5. OTHER
END-USERS
8. ASIA-PACIFIC
ELECTRIC ATV AND UTV MARKET – BY COUNTRY OUTLOOK
8.1. CHINA
8.2. JAPAN
8.3. INDIA
8.4. SOUTH
KOREA
8.5. ASEAN
COUNTRIES
8.6. AUSTRALIA
& NEW ZEALAND
8.7. REST
OF ASIA-PACIFIC
9. COMPETITIVE
LANDSCAPE
9.1. BRP
INC
9.1.1. OVERVIEW
9.1.2. PRODUCT
PORTFOLIO
9.1.3. STRENGTHS
9.1.4. CHALLENGE
9.2. CFMOTO
9.2.1. OVERVIEW
9.2.2. PRODUCT
PORTFOLIO
9.2.3. STRENGTHS
9.2.4. CHALLENGE
9.3. DEERE
AND COMPANY
9.3.1. OVERVIEW
9.3.2. PRODUCT
PORTFOLIO
9.3.3. STRENGTHS
9.3.4. CHALLENGE
9.4. HISUN
MOTORS CORPORATION USA
9.4.1. OVERVIEW
9.4.2. PRODUCT
PORTFOLIO
9.4.3. STRENGTHS
9.4.4. CHALLENGE
9.5. HONDA
MOTOR COMPANY LTD
9.5.1. OVERVIEW
9.5.2. PRODUCT
PORTFOLIO
9.5.3. STRENGTHS
9.5.4. CHALLENGE
9.6. KAWASAKI
HEAVY INDUSTRIES LTD
9.6.1. OVERVIEW
9.6.2. PRODUCT
PORTFOLIO
9.6.3. STRENGTHS
9.6.4. CHALLENGE
9.7. POLARIS
INC
9.7.1. OVERVIEW
9.7.2. PRODUCT
PORTFOLIO
9.7.3. STRENGTHS
9.7.4. CHALLENGE
9.8. SUZUKI
MOTORS CORPORATION
9.8.1. OVERVIEW
9.8.2. PRODUCT
PORTFOLIO
9.8.3. STRENGTHS
9.8.4. CHALLENGE
9.9. TEXTRON
INC (ARTIC CAT)
9.9.1. OVERVIEW
9.9.2. PRODUCT
PORTFOLIO
9.9.3. STRENGTHS
9.9.4. CHALLENGE
9.10. YAMAHA
MOTOR CO LTD
9.10.1. OVERVIEW
9.10.2. PRODUCT
PORTFOLIO
9.10.3. STRENGTHS
9.10.4. CHALLENGE
9.11. DRR
USA
9.11.1. OVERVIEW
9.11.2. PRODUCT
PORTFOLIO
10. RESEARCH
METHODOLOGY & SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.1.1. OBJECTIVES
OF STUDY
10.1.2. SCOPE
OF STUDY
10.2. SOURCES
OF DATA
10.2.1. PRIMARY
DATA SOURCES
10.2.2. SECONDARY
DATA SOURCES
10.3. RESEARCH
METHODOLOGY
10.3.1. EVALUATION
OF THE PROPOSED MARKET
10.3.2. IDENTIFICATION
OF DATA SOURCES
10.3.3. ASSESSMENT
OF MARKET DETERMINANTS
10.3.4. DATA
COLLECTION
10.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: ASIA-PACIFIC ELECTRIC ATV
AND UTV MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF CONTRACTS AND
PARTNERSHIPS
TABLE 3: LIST OF BUSINESS
EXPANSION AND DIVESTITURE
TABLE 4: LIST OF NEW PRODUCT
LAUNCHES
TABLE 5: ASIA-PACIFIC ELECTRIC ATV
AND UTV MARKET, BY VEHICLE TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC ELECTRIC ATV
AND UTV MARKET, BY DISPLACEMENT, 2024-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC ELECTRIC ATV
AND UTV MARKET, BY PROPULSION, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC ELECTRIC ATV
AND UTV MARKET, BY BATTERY CAPACITY, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC ELECTRIC ATV
AND UTV MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: KEY BUYING IMPACT ANALYSIS
FIGURE 3: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2023
& 2032 (IN %)
FIGURE 4: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY ATV, 2024-2032 (IN
$ MILLION)
FIGURE 5: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY UTV, 2024-2032 (IN
$ MILLION)
FIGURE 6: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY DISPLACEMENT, 2023
& 2032 (IN %)
FIGURE 7: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY ≤ 400 (CC),
2024-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY 400-800(CC),
2024-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY ≥ 800 (CC),
2024-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY PROPULSION, 2023
& 2032 (IN %)
FIGURE 11: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY BATTERY ELECTRIC,
2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY HYBRID, 2024-2032
(IN $ MILLION)
FIGURE 13: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY,
2023 & 2032 (IN %)
FIGURE 14: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY UP TO 48V,
2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY 48V TO 72V,
2024-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY ABOVE 72V,
2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY END-USER, 2023
& 2032 (IN %)
FIGURE 18: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY RECREATIONAL,
2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY SPORTS, 2024-2032
(IN $ MILLION)
FIGURE 20: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY AGRICULTURE &
UTILITY, 2024-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY MILITARY &
DEFENSE, 2024-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET, BY OTHER END-USERS,
2024-2032 (IN $ MILLION)
FIGURE 23: CHINA ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 24: JAPAN ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 25: INDIA ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 26: SOUTH KOREA ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $
MILLION)
FIGURE 27: ASEAN COUNTRIES ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $
MILLION)
FIGURE 28: AUSTRALIA & NEW ZEALAND ELECTRIC ATV AND UTV MARKET
2024-2032 (IN $ MILLION)
FIGURE 29: REST OF ASIA-PACIFIC ELECTRIC ATV AND UTV MARKET 2024-2032 (IN
$ MILLION)