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North America Youth ATV & UTV Market Share

Report ID: GMI2920
Published Date: Sep 2018
Report Format: PDF

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North America Youth ATV & UTV Market Share

Major North America Youth ATV & UTV market players include :

Arctic Cat
BRP
Hisun Motors
Honda Motors
Polaris Industries
Yamaha Motor Corporation

Other significant participants include All Wheels Canada, Apex, Apollo Motors, Bintelli Offroad, BMS Motors, DRR USA Inc., Kawasaki Motors Corporation, KYMCO, Mademoto, Rosso Motors, SSR Motorsports, Suzuki Motor Corporation, Tomride, USA, Motortoys, and Venom Motorsports.

Industry players are strengthening their manufacturing capability to enhance their market share. In December 2015, BRP announced an investment of USD 118 million in its Valcourt manufacturing site for better material flow, decreased set-up times, inventory reduction, and modern technologies to reduce the manufacturing costs and create the value for customers.

Further, the market participants are expanding their product portfolio to serve larger consumer base. For instance, in October 2018, Polaris Industries introduced ACE 150 EFI for 10 year above age group. Growing availability and accessibility to off road vehicles will accelerate the market growth in next six years.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of North America youth ATV & UTV exceeded USD 245 million in 2017.

The industry share of North America youth ATV & UTV is estimated to exhibit over 6.5% CAGR from 2018 to 2024.

Canada industry will witness over 4% CAGR during the forecast period owing to growing per capita income of people in the region.

U.S. market will see substantial gains in the coming years due to presence of major industry players, including Polaris Industries, BRP, and Arctic Cat.

ATV segment will witness over 3.5% growth between 2018 and 2024 led by its compact size and high power/weight ratio that enables it for maneuvering in tight spaces.

Major industry players include Arctic Cat, BRP, Hisun Motors, Honda Motors, Polaris Industries and Yamaha Motor Corporation.