Thursday, July 18, 2024

United Kingdom Side-By-Side UTVs Market Size, Share, Trends, Analysis, Key Players, Research Report and Forecast 2023-2028

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United Kingdom Side-By-Side UTVs Market Outlook

According to the report by Expert Market Research (EMR), the United Kingdom side-by-side UTVs market analysis reached a value of USD 166.55 million in 2022. Aided by the growing demand for off-road vehicles and the expanding applications of UTVs in various sectors, the market is projected to further grow at a CAGR of 9.10% between 2023 and 2028 to reach a value of USD 280.15 million by 2028.

Side-by-side UTVs, also known as utility terrain vehicles, are small 2-6 person four-wheel drive off-road vehicles. They are designed for rough and rugged terrains and are used for various purposes including recreation, agriculture, and military. In addition to their utilitarian purposes, UTVs also offer an adrenaline-pumping experience, which has made them popular among adventure enthusiasts.

The increasing consumer interest in off-road vehicles is a significant driver of the United Kingdom side-by-side UTVs market growth. The off-road adventures provided by UTVs, combined with the thrill of controlling a powerful vehicle, appeal to a wide demographic. The rise in outdoor recreational activities has further contributed to the growing popularity of side-by-side UTVs.

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The expanding applications of side-by-side UTVs in various sectors also play a pivotal role in fuelling United Kingdom side-by-side UTVs market demand. In the agricultural sector, UTVs are used for transportation of small equipment, crop inspection, and other farm duties. In the military, UTVs are deployed for quick troop transport, medical evacuation, and cargo carrying in areas with challenging terrains. These wide-ranging applications have led to an increased demand for UTVs, thereby fuelling market growth.

Furthermore, the advent of electric UTVs is shaping the future of the United Kingdom side-by-side UTVs market. Driven by the global shift towards sustainable transportation, manufacturers are developing electric UTVs that offer the same performance as their traditional counterparts but with lower emissions. The rising environmental consciousness and the increasing acceptance of electric vehicles are likely to boost the adoption of electric UTVs.

Moreover, the United Kingdom side-by-side UTVs market is supported by the development of advanced UTV models with enhanced safety features and improved performance. This constant innovation, coupled with the growing trend of customisation, is expected to stimulate market growth over the forecast period.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/united-kingdom-side-by-side-utvs-market

United Kingdom Side-By-Side UTVs Market Segmentation

The market can be divided based on displacement, fuel type, and end-user.

Market Breakup by Displacement

  • Less than 400 cc
  • 400-800 cc
  • More than 800 cc

Market Breakup by Fuel Type

  • Gasoline powered
  • Diesel powered
  • Electric powered
  • Solar powered
  • Others

Market Breakup by End-User

  • Agriculture
  • Military
  • Mountaineering
  • Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United Kingdom side-by-side UTVs companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Polaris Inc.
  • Yamaha Motor Co., Ltd.
  • Can-Am Motorcycles
  • Kawasaki Heavy Industries Ltd.
  • Honda Motor Co., Ltd.
  • CFMOTO
  • Dalton’s ATVs Ltd
  • ACE ATV Ltd
  • Beckside Machinery Ltd.
  • Suzuki Motor Corporation
  • Others

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