Global Utility Terrain Vehicles Market Size & Outlook
Global utility terrain vehicles market, 2018-2030 (US$M)
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Global utility terrain vehicles market highlights
- The global utility terrain vehicles market generated a revenue of USD 5,921.6 million in 2023 and is expected to reach USD 9,098.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, above 800cc accounted for a revenue of USD 4,075.9 million in 2023.
- 400cc to 800cc is the most lucrative engine capacity type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,921.6 million |
| Market revenue in 2030 | USD 9,098.0 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Above 800cc |
| Fastest growing segment | 400cc to 800cc |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Below 400cc, 400cc to 800cc, Above 800cc |
Other key industry trends
- In terms of revenue, the North America accounted for 72.0% of the global utility terrain vehicles market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 193.5 million by 2030.
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Utility Terrain Vehicles Market Scope
Utility Terrain Vehicles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global utility terrain vehicles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to utility terrain vehicles market will help companies and investors design strategic landscapes.
Above 800cc was the largest segment with a revenue share of 68.83% in 2023. Horizon Databook has segmented the Global utility terrain vehicles market based on below 400cc, 400cc to 800cc, above 800cc covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Utility Terrain Vehicles Engine Capacity Type Outlook (Revenue, USD Million, 2018-2030)
- Below 400cc
- 400cc to 800cc
- Above 800cc
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Our clientele includes a mix of utility terrain vehicles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global utility terrain vehicles market , including forecasts for subscribers. This global databook contains high-level insights into Global utility terrain vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global utility terrain vehicles market size, by region, 2018-2030 (US$M)
Top 10 countries: Utility terrain vehicles market size, 2023 (US$M)
Global utility terrain vehicles market share, by engine capacity type, 2023 & 2030 (%, US$M)
Utility terrain vehicles market: Opportunity assessment by country
Global utility terrain vehicles market, by region, 2023 (US$M)
| Engine Capacity Ty... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 205.3 | 214.4 | 229.5 | 224.1 | 227.4 | 233.4 | 241.5 | 252.7 | 267.2 | 286.1 | 309.6 | 338.5 | 373.7 | 7.2% |
| Europe | 872.1 | 897.3 | 946.3 | 909.7 | 909.7 | 919.6 | 937.3 | 965.7 | 1,005.3 | 1,060.4 | 1,130.0 | 1,216.2 | 1,322.2 | 5.6% |
| North America | 3,888.2 | 4,030.6 | 4,283.7 | 4,150.0 | 4,182.6 | 4,261.5 | 4,379.1 | 4,548.2 | 4,773.6 | 5,077.0 | 5,455.3 | 5,921.7 | 6,493.0 | 6.5% |
| MEA | 161.1 | 166.3 | 176.0 | 169.8 | 170.5 | 172.9 | 176.9 | 182.9 | 191.1 | 202.4 | 216.6 | 233.9 | 255.3 | 6.0% |
| Asia Pacific | 243.9 | 265.5 | 295.5 | 299.4 | 314.8 | 334.2 | 357.3 | 385.4 | 419.7 | 462.5 | 514.4 | 577.3 | 653.8 | 10.4% |
| Overall | 5,370.6 | 5,574.1 | 5,931.0 | 5,753.0 | 5,805.0 | 5,921.6 | 6,092.1 | 6,334.9 | 6,656.9 | 7,088.4 | 7,625.9 | 8,287.6 | 9,098.0 | 6.3% |
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