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QYResearch UTV, namely Utility Task Vehicles, is defined as a vehicle: -Designed for operation off of the highway -Suspended on four or more low pressure or non-pneumatic tires -Has a steering wheel for steering control -Have one seat to accommodate a driver and one or more passenger sitting
QYR First, for industry structure analysis, the UTV (Utility Task Vehicles industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 60.16% of the revenue market. Second, the sales of UTV (Utility Task Vehicles increased from 60.1k units in 2011 to 80.6k units in 2016 with an average growth rate of more than 6%.The leading countries in Europe include France, UK and Russia. Third, Displacement (CC): 400-800 UTV occupied nearly 70% of the sales market in 2015. Displacement (CC): ≤ 400 UTV and Displacement (CC): ≼ 800 UTV account for 9.89% and 21.50 % of the United States market. As for application, work UTV accounts for about 70% of the market while sport UTV accounts for about 20% of the market.
QYR Fourth, for price trend analysis, a key variable in the performance of UTV (Utility Task Vehicles producers is raw material costs, specifically the speed at which any increase can be passed through to customers. Fifth, the Europe market is now mostly occupied by the foreign brands such as Polaris, John Deere and Kawasaki. Most of them comes from North America and Japan. Besides, manufacturers from mainland China and Taiwan also have occupied a certain market for their much lower product price.
QYR Sixth, for forecast, the Europe UTV (Utility Task Vehicles revenue would keep increasing with annual growth rate with 5-7%. We tend to believe that this industry still has a bright future, considering the current demand of UTV (Utility Task Vehicles).
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