The United Kingdom, Australia, and New Zealand Side-By-Side UTVs Market Size By Engine Type (Above 800cc, 400-800cc, and Below 400cc), By Application (Sports and Leisure, Agriculture Industry, Out-door Work, Military Forces), By Geographic Scope And Forecast

United Kingdom, Australia, New Zealand Side-By-Side UTVs Market Analysis

The United Kingdom, Australia, and New Zealand Side-By-Side UTVs Market size was valued at USD 313.51 Million in 2022 and is projected to reach USD 724.19 Million by 2030, growing at a CAGR of 10.98% from 2023 to 2030.

The growing recreational and sports activities with UTVs are fueling the growth of the side-by-side UTVs market during the forecast period. Furthermore, strong initiatives taken by the government for the development of off-road vehicle adventure routes are expected to boost market growth. The United Kingdom, Australia, and New Zealand Side-By-Side UTVs Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Side-By-Side UTVs?

Side-by-side/UTVs are also defined as side-by-side, recreational off-highway vehicles (ROVs), 4×4 vehicles, or simply 4x4s. They are specifically designed for off-road use and not to be used on paved surfaces which are intended by the manufacturers. UTVs are longer and wider in comparison to ATVs and have side-by-side seats, seat belts, a gasoline engine, a roll cage, and a rear cargo area. UTVs or utility terrain vehicles are used and designed more for outdoor work than recreation. UTVs are powerful and large, they can occupy passengers side-by-side and are built with larger storage space.

With the increasing demand for sports and adventure, along with recreational activities, the utility terrain vehicle market is thriving. Furthermore, market development is fueled by an individual’s growing disposable income. Furthermore, the growing demand for UTVs in the agriculture and military defense sectors is putting upward pressure on market development. In addition, manufacturers are gradually adding improved models with high-end stereos, comfortable upholstery, and GPS screens to smooth out the ride across difficult terrains.

United Kingdom, Australia, New Zealand Side-By-Side UTVs Market Overview

The standard vehicles are not very suitable for, unpaved roads uneven surfaces, and farms, amongst others. Thus, the demand for side-by-side UTVs is rising across farming and other sports. In farming activities and activities in woods, UTVs perform proficiently and are versatile to accomplish a variety of tasks such as raking, plowing fields, transporting supplies, mowing grass, plowing snow, carrying firewood, building fences, harrowing mowing grass, hunting, spreading seeds, catching calves, feeding livestock, recreation, hauling feeding livestock, and property surveying, amongst others. Furthermore, the demand for electric vehicles over traditional fuel vehicles is growing due to various reasons. Thus, various factors such as rising prices of fossil fuels, diminishing fossil fuels, environmental concerns, easy, safety operations, and the rest of others, are driving the growth of the electric vehicles industry.

Moreover, the adoption of electric UTVs in sports and recreational activities is also booming as electric UTVs can proficiently drive through uneven, rocky ways across the mountain area. Electric UTVs are more powerful and faster as compared to ATVs in handling and speed. The standard base of UTVs is made of four wheels; hence, these can handle maximum speeds usually between 25 mph and 50 mph. Thus, the growing recreational and sports activities with UTVs are fueling the growth of the side-by-side UTVs market during the forecast period. Furthermore, strong initiatives taken by the government for the development of off-road vehicle adventure routes are expected to boost market growth.

United Kingdom, Australia, New Zealand Side-By-Side UTVs MarketSegmentation Analysis

The United Kingdom, Australia, New Zealand Side-By-Side UTVs Market is segmented on the basis of Engine Type, Application, and Country.

United Kingdom, Australia, New Zealand Side-By-Side UTVs Market, By Engine Type

• Above 800cc
• 400-800cc
• Below 400cc

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Based on Engine Type, the market is bifurcated into Above 800cc, 400-800cc, and Below 400cc. Above 800cc is expected to dominate the Side-By-Side UTVs market over the forecast period. The primary factor boosting the market growth of the above 800cc segment is the growing adoption of UTVs for utility applications such as goods transport, agriculture, and forestry. These vehicles offer several advantages, such as their lower market price, enhanced vehicle capacity, compact size, and less maintenance, which makes them more attractive to consumers. Also, some of its specifications are used in tow heavy loads, all-weather reliability with traction, power, and ground clearance to tame the wildest terrain.

United Kingdom, Australia, New Zealand Side-By-Side UTVs Market, By Application

• Sports and Leisure
• Agriculture Industry
• Out-door Work
• Military Forces
• Others

On the basis of Application, the United Kingdom, Australia, New Zealand Side-By-Side UTVs Market has been segmented into Sports and Leisure, Agriculture Industry, Out-door Work, Military Forces, and Others. Sports and Leisure is expected to dominate the Side-By-Side UTVs market over the forecast period. Utility Terrain Vehicles (UTVs) are similar in use to cruiser motorcycles and are often used for adventure and touring adventure in rugged urban areas. Moreover, the increasing versatility and popularity of UTVs are driving growth in the sports and leisure segment among users. These vehicles are commonly used for activities such as hunting, camping, and leisure off-road trailing. This creates lucrative opportunities for companies to extend their offerings with powerful and improved powerful designs which will help to grow the segment constantly over the forecasted years.

United Kingdom, Australia, New Zealand Side-By-Side UTVs Market, By Country

• United Kingdom
• Australia
• New Zealand

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On the basis of country analysis, the United Kingdom, Australia, New Zealand Side-By-Side UTVs Market is classified into United Kingdom, Australia, and New Zealand. United Kingdom accounted for the largest market share and is projected to grow at a rapid rate during the forecast period. The growing outdoor activities is one of the major factors that are expected to boost the demand for UTVs for outdoor activities which, in turn, increases the growth of the market in the country. Also, the rising tourism industry in the UK is one of the major contributors to the growth of the economy. It drives the demand for recreational activities including sports and leisure which ultimately pushes the demand for utility terrain vehicles (UTVs). Furthermore, the rising agriculture sector together with rising demand for innovative and improved technologies in farms are majorly contributing towards the development of the side-by-side UTVs market in the country.

Key Players

The “United Kingdom, Australia, New Zealand Side-By-Side UTVs Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Polaris, Honda Motor Company, Landboss, Kawasaki, Kubota, Yamaha Motor Company, KYMCO, CFMoto, and Can-Am. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• Polaris has announced its ATVs and UTVs for the 2023 model year, as well as a new mobile app based on its Ride Command service.
• Kawasaki has announced the new Mule SX 4×4 Fleet Edition as well as the reintroduction of previous FE models to its Mule side by side utility vehicle lineup for 2023.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market o