Home > Automotive > U.S. Utility Terrain Vehicle (UTV) Market

U.S. Utility Terrain Vehicle (UTV) Market Share

Report ID: GMI4542
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

U.S. Utility Terrain Vehicle Market Share

Polaris hold a significant market share of over 30% in the U.S. utility terrain vehicle industry. Polaris provides a diverse lineup of vehicles under brands, such as RANGER and General, offering a wide range of models catering to recreational, agricultural, and commercial applications.

Competitive pricing is a major factor affecting the success of companies operating in the U.S. market. Manufacturers are continuously refining their products to meet consumer needs while also complying with strict regulatory standards, leading to significantly enhanced efficiency.

U.S. Utility Terrain Vehicle Market Companies

Major companies operating in the U.S. utility terrain vehicle (UTV) industry are:

Arctic Cat Inc.
BMS Motorsports, Inc.
BRP
CFMOTO USA
DRR USA
HISUN
Honda Motor Co., Ltd.
Kawasaki Motors Corp., U.S.A.
Polaris Inc.
Yamaha Motor Co., Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for utility terrain vehicle in U.S. reached USD 6 billion in 2023 and is set to witness over 5% CAGR between 2024 and 2032, due to increasing investments for enhancing features, such as safety, performance, and comfort, to meet the evolving consumer demands.

The above 800 cc displacement segment recorded over 50% of the market share in 2023, driven by benefits like superior acceleration, and towing capacity.

Texas held over 10% of the market share in 2023, due to the rising advancements in the production and testing of all-electric vehicles in the region.

Some of the leading utility terrain vehicle firms in the U.S. include Arctic Cat Inc., BMS Motorsports, Inc., BRP, HISUN, Honda Motor Co., Ltd., Kawasaki Motors Corp., U.S.A., Polaris Inc., and Yamaha Motor Co., Ltd.