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Report
Australia and New Zealand Side-By-Side UTVs Market Report and Forecast 2023-2028
Market Report I 2023-10-14 I 175 Pages I EMR Inc.
Australia and New Zealand Side-By-Side UTVs Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Australia and New Zealand side-by-side UTVs market reached a value of USD 94.23 million in 2022. Aided by the escalating popularity of off-road recreation and the growing use of UTVs in agriculture and industrial sectors, the market is projected to further grow at a CAGR of 7.8% between 2023 and 2028 to reach a value of USD 137.18 million by 2028.
A Side-By-Side UTV, also known as a utility task vehicle or a recreational off-highway vehicle, is a small two to six-person, four-wheel drive off-road vehicle. UTVs are not only used for adventure sports and recreational activities but also have industrial, agricultural, and military applications due to their ability to traverse rough terrains and carry heavy loads.
The rising interest in off-road recreational activities in Australia and New Zealand is one of the major factors driving the Australia and New Zealand side-by-side UTVs market growth. UTVs offer a safer and more comfortable ride compared to traditional all-terrain vehicles (ATVs), thereby making them the preferred choice for outdoor enthusiasts. Additionally, the increased marketing efforts of manufacturers to popularise UTVs for recreational use have further bolstered the market growth.
Moreover, the application of UTVs in the agriculture and industrial sectors is propelling the Australia and New Zealand side-by-side UTVs market expansion. UTVs are used in agriculture for ploughing, towing, transporting small loads, and other farming tasks, thus making farm operations more efficient. The industrial sector utilises UTVs for transporting equipment and materials in locations with rough terrains, such as mining and construction sites.
Furthermore, the continuous product innovation by manufacturers, focusing on improving power, capacity, and safety features, has led to the introduction of more efficient and advanced UTV models. This factor, combined with the growing dealership networks and increasing consumer awareness, is aiding the Australia and New Zealand side-by-side UTVs market development.
Lastly, the emerging trend of adventure tourism in both Australia and New Zealand is expected to contribute to the market growth. With a rise in local and international tourists seeking adventurous activities, the demand for UTVs in adventure tourism has seen a significant surge. The natural landscapes of these countries offer ideal conditions for UTV rides, which are becoming increasingly popular attractions in the adventure tourism packages, increasing the Australia and New Zealand side-by-side UTVs market demand.
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 Australia and New Zealand 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
- Kubota Australia
- KYMCO
- LANDBOSS
- Suzuki Motor Corporation
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Side-By-Side UTVs Market Overview
8.1 Key Industry Highlights
8.2 Global Side-By-Side UTVs Historical Market (2018-2022)
8.3 Global Side-By-Side UTVs Market Forecast (2023-2028)
8.4 Global Side-By-Side UTVs Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Australia and New Zealand Side-By-Side UTVs Market Overview
9.1 Key Industry Highlights
9.2 Australia and New Zealand Side-By-Side UTVs Historical Market (2018-2022)
9.3 Australia and New Zealand Side-By-Side UTVs Market Forecast (2023-2028)
10 Australia and New Zealand Side-By-Side UTVs Market by Displacement
10.1 Less than 400 cc
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 400-800 cc
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 More than 800 cc
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Australia and New Zealand Side-By-Side UTVs Market by Fuel Type
11.1 Gasoline powered
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Diesel powered
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Electric powered
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Solar powered
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Australia and New Zealand Side-By-Side UTVs Market by End-User
12.1 Agriculture
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Military
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mountaineering
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Australia and New Zealand Side-By-Side UTVs Market by Country
14.1 Australia
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 New Zealand
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Polaris Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Yamaha Motor Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Can-Am Motorcycles
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kawasaki Heavy Industries Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Honda Motor Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 CFMOTO
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kubota Australia
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 KYMCO
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 LANDBOSS
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Suzuki Motor Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Side-By-Side UTVs Market: Key Industry Highlights, 2018 and 2028
2. Australia and New Zealand Side-By-Side UTVs Market: Key Industry Highlights, 2018 and 2028
3. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by Displacement (USD Million), 2018-2022
4. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by Displacement (USD Million), 2023-2028
5. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
6. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
7. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by End-User (USD Million), 2018-2022
8. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by End-User (USD Million), 2023-2028
9. Australia and New Zealand Side-By-Side UTVs Historical Market: Breakup by Country (USD Million), 2018-2022
10. Australia and New Zealand Side-By-Side UTVs Market Forecast: Breakup by Country (USD Million), 2023-2028
11. Australia and New Zealand Side-By-Side UTVs Market Structure
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