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U.S. Utility Terrain Vehicle (UTV) Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast 2026

Author : Ronak Bora | Published Date : 2020-08-25 

U.S. UTV market is projected to record a substantial growth rate over the coming years owing to the growing demand for UTVs in sports, military, utility, and recreational activities. A utility vehicle is specifically designed for carrying small loads. Most of the utility vehicles are designed for general purpose use but some are designed to carry out a particular task more efficiently than a general-purpose vehicle.

Utility terrain vehicles are generally smaller in size and provide room for hauling equipment and debris from one place to another. They could accommodate at least one passenger to help during the material transportation process since they are largely used at worksites. The heaviest duty-based versions could be utilized for carrying items that weigh more than 1,300 pounds.

UTV have wide range of applications, with military being a prominent one. The UTV platforms feature a design that I modular in nature, which helps them meet the daunting needs of the United States and international special operations, and light as well as expeditionary infantry forces. A number of such vehicles have been deployed and put into use across the globe, and in all U.S. military branches and special operations forces together with several allied militaries as well.

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The U.S. UTV market is segmented in terms of displacement, application, and regional landscape.

With respect to displacement, the market is classified into below 400cc, 400 - 800cc, and above 800cc. Among these, the 400 - 800cc displacement segment witnessed a CAGR of over 6.5% due to the increasing adoption of UTVs in utility applications. A key benefit is its storage space. The term utility refers to the capability to carry things, thereby UTVs possess a reasonable amount of space for packing tools, camping supplies, hunting gear, and coolers.

UTV is highly useful around farms. Due to their power and versatility, these vehicles have become very popular in the agriculture industry. These vehicles are used to carry heavy load, in hauling cargo, to carry multiple passengers and for projects that do not require the use of tractor.

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With UTV it becomes easier for farmers to travel throughout many acres and carry out a wide variety of jobs. The vehicles are used for plowing fields, raking, transporting supplies, plowing snow, mowing grass, harrowing fields, spreading seeds, building fences, carrying firewood, and catching calves.

Based on application, the market is classified into utility, sports, military, and recreation. Among these, the recreation application segment witnessed a CAGR of over 5% owing to the increasing consumer spending in leisure and adventure activities. These vehicles could accommodate multiple riders and are capable in creating reliably good time for families, all packed into single machine.

From a regional frame of reference, Texas is set to record a CAGR of over 8.5% in the U.S. UTV market owing to the increasing consumer disposable income and increasing recreational spending, which is likely to lead to substantial growth in the coming years.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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