Electric ATV and UTV Market | Exploring Electric Vehicles Revolution - 2032 | Inkwood Research

GLOBAL ELECTRIC ATV AND UTV MARKET FORECAST 2024-2032

Global Electric ATV and UTV Market by Vehicle Type (ATV, UTV) Market by Propulsion Type (Battery Electric ATV and UTV, Hybrid Electric ATV and UTV) Market by Displacement (≤400 (CC), 400-800 (CC), ≥800 (CC)) Market by Battery Capacity (Up to 48V, 48V to 72V, More Than 72V) Market by End-user (Recreational, Sports, Agriculture & Utility, Military & Defense, Other End-users) by Geography

Report Summary

• The global electric ATV and UTV market is expected to grow at a CAGR of 18.50%, during the forecast period, 2024-2032.

• ATVs and UTVs are increasingly used globally. The vehicles’ rising popularity can be attributed to their ability to function in a variety of terrains.

• Further, with advancing vehicle technologies, the use of electric drivetrains in ATVs and UTVs has also progressed.

Market Segmentation – Vehicle Type, Propulsion Type and Displacement

Market by Vehicle Type

• ATV

• UTV

Market by Propulsion Type

• Battery Electric ATV and UTV

• Hybrid Electric ATV and UTV

Market by Displacement

• ≤400 (CC)

• 400-800 (CC)

• ≥800 (CC)

Geographical Study based on Four Major Regions

• North America: The United States and Canada

• Europe: The United Kingdom, Germany, France, Italy, Spain, and Rest of Europe

• Asia-Pacific: China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific

• Rest of World: Latin America and the Middle East & Africa

Key Players studied in the Market

• BRP Inc

• Eco Charger

• Honda Motor Company Ltd

• Textron Inc (Arctic Cat)

• DRR USA