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U.S. Utility Vehicle Market Share

Report ID: GMI9785
Published Date: Jun 2024
Report Format: PDF

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U.S. Utility Vehicle Market Share

John Deere and Club Car held significant market share of over 50% in 2023. John Deere is known for its robust portfolio of agricultural and industrial equipment. The company offers a range of utility vehicles designed for farming, construction, and landscaping applications. John Deere leverages its extensive dealer network and strong brand reputation to deliver reliable and durable vehicles. The company emphasizes advanced features like high-performance engines, superior cargo capacity, and versatile attachments to meet diverse customer needs. Additionally, John Deere focuses on integrating smart technologies and telematics to enhance vehicle efficiency and user experience.

Club Car specializes in providing high-quality utility vehicles for a variety of applications, including resorts, golf courses, and industrial sites. The company offers a comprehensive lineup of 2-seater, 4-seater, 6-seater, and 8-seater vehicles with cargo beds for efficient transportation of goods and personnel. Club Car leverages its global distribution network and commitment to innovation to deliver reliable and customizable solutions. The company focuses on sustainability by offering electric and low-emission vehicle options, and it continually enhances its products with advanced features like improved battery life, ergonomic design, and connectivity options to provide superior performance and customer satisfaction.

U.S. Utility Vehicle Market Companies

Major companies operating in the U.S. utility vehicle industry are:

Club Car
Columbia Vehicle Group Inc.
Cushman
Garia
John Deere
Kubota
Star EV Corporation, USA
The Toro Company
Yamaha

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for utility vehicle in U.S. reached USD 391.7 billion in 2023 and is set to witness 5% CAGR from 2024 to 2032, led by the growth in the construction and agriculture sector in the region.

The electric propulsion segment held 60% share in 2023, due to advancements in battery technology and environmental consciousness.

The hospitality application segment in the U.S. utility vehicle industry recorded 30% share in 2023, as they are extensively used to transport luggage, linens, and supplies across expansive properties.

Texas market accounted for over 10% share in 2023, as universities are increasingly opting for street-legal utility vehicles that can seamlessly transition between on-campus use and public roads.