Press Releases

The global electric all-terrain vehicle (ATV) and utility-terrain vehicle (UTV) market is expected to grow at a CAGR of 8.7% during the forecast period. Utility-terrain vehicles (UTVs) and all-terrain vehicles (ATVs) are becoming prominent in several applications worldwide. The vehicles' versatility in terms of terrain operation has boosted their desirability. The rising demand for fuel-efficient vehicles, like battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs), around the world is primarily responsible for the market growth of the worldwide electric ATV and UTV industry. The market for electric ATVs and UTVs is also growing as a result of laws that are being imposed on manufacturers and consumers to reduce harmful emissions from conventional vehicles. Furthermore, electric ATVs and UTVs have a low cost of ownership and emit less noise, which is expected to drive market growth during the forecast period. Also, the increased adoption in adventurous and fun sports and activities, rising use in militaries will accelerate market development. Riders of ATVs and UTVs have used them for pleasure and recreation, travelling through numerous natural parks and hiking trails. Additionally, beneficial in a variety of settings, such as freight yards, warehouses, and agriculture.

Like the automobile industry, the powersports industry must take into account alternative propulsion techniques, such as all-electric platforms, in order to provide a zero-emission solution.

Electric ATVs and UTVs are also being developed by manufacturers for use as micromobility platforms in hotels, resorts, and golf courses. Due of its adaptability and off-roading abilities, these vehicles are used for a variety of purposes. Furthermore, these vehicles could be employed for micromobility on urban streets due to their efficacy and electric propulsion.

In October 2022, CFMoto has unveiled its new CForce EV110 electric ATV for kids. It is made to be enjoyed by and ridden over off-road trails by children ages 10 and older. The ATV is equipped with technology that lets parents monitor where their children are riding it. It undoubtedly appears to be a motorcycle that will provide its riders an enjoyable ride.

Browse 54 market data Tables and 93 Figures spread through 250 Pages and in-depth TOC on " Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market by Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market by Vehicle Type (All-Terrain Vehicles and Utility-Terrain Vehicles), by Energy Storage Capacity (Less Than 48V, 48V to 72V, and More than 72V), by Seating Capacity (One-Seater, Two-Seater, and More Than Two-Seater), by Displacement (Less Than 400cc, 400cc-800cc, and More Than 800cc), by Drivetrain Type (Two-Wheel Drive, Four-Wheel Drive, and All-Wheel Drive), by Fuel Type (Gasoline-Powered, Diesel-Powered, Electric-Powered, and Solar Powdered), by Application (Sports, Recreation, Military & Defense, Agriculture and Utility, and Others), and Region - Global Forecast to 2030

By Application, Military Segment is anticipated to have a high CAGR during the forecast period.

Based on Application the Global Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV) Market is classified into Sports, Recreation, Military & Defense, Agriculture and Utility, and Others. The military segment is expected to have a high CAGR during the forecast period owing to increased demand for ATVs and UTVs for tactical missions as it offers excellent mobility. This group of vehicles includes those used for security and patrol, search and rescue, operations and maintenance, as well as ultra-light tactical off-road vehicles and other off-road activities.

Global Electric ATV and UTV Market Segmentation and Key Players

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“North America is anticipated to have the highest market share in the Electric ATV and UTV Market during the forecast period.”

North America dominates the electric ATV and UTV industry owing to increase disposable income among consumers, technological development, and increased government regulations regarding ATV designs. The ATV and UTV market share is growing as a result of major companies releasing new versions of these vehicles and renowned ATV and UTV clubs hosting racing competitions.

Some of the major players in the global Electric ATV and UTV industry include CFMOTO, DRR USA, Tesla, Arctic Cat Inc., HISUN, Honda Motor Co., Ltd., KUBOTA Corporation, American LandMaster, Polaris Inc., and Segway Technology Co.,Ltd.

Global Electric ATV and UTV Market Coverage

Vehicle Type Insight and Forecast 2025-2030

• All-Terrain Vehicles
• Utility-Terrain Vehicles

Energy Storage Capacity Insight and Forecast 2025-2030

• Less Than 48V
• 48V to 72V
• More Than 72V

Seating Capacity Insight and Forecast 2025-2030

• One-Seater
• Two-Seater
• More Than Two-Seater

Displacement Insight and Forecast 2025-2030

• Less Than 400cc
• 400cc-800cc
• More Than 800cc

Drivetrain Type Insight and Forecast 2025-2030

• Two-Wheel Drive (2WD)
• Four-Wheel Drive (4WD)
• All-Wheel Drive (AWD)

Fuel Type Insight and Forecast 2025-2030

• Gasoline-Powered
• Diesel-Powered
• Electric-Powered
• Solar Powdered

Application Insight and Forecast 2025-2030

• Sports
• Recreation
• Military & Defense
• Agriculture and Utility
• Others

Geographical Segmentation

Electric ATV and UTV Market by Region

North America

• By Vehicle Type
• By Energy Storage Capacity
• By Seating Capacity
• By Displacement
• By Drivetrain Type
• By Fuel Type
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Vehicle Type
• By Energy Storage Capacity
• By Seating Capacity
• By Displacement
• By Drivetrain Type
• By Fuel Type
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Vehicle Type
• By Energy Storage Capacity
• By Seating Capacity
• By Displacement
• By Drivetrain Type
• By Fuel Type
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Vehicle Type
• By Energy Storage Capacity
• By Seating Capacity
• By Displacement
• By Drivetrain Type
• By Fuel Type
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries