Ocean View, DE -- (SBWIRE) -- 04/02/2020 -- Shifting focus towards off-road leisure activities has expedited off-road vehicle demand, which will impel U.S. utility terrain vehicles market growth. Powersports vehicles are gaining traction in recent times due to surging recreational activities, including motorcycle riding, adventure sports, and trail sports. Recreational activities are witnessing a marked rise owing to increased disposable incomes and per capita GDP. Also, an exponential rise in urban and environmentally conscious population has encouraged manufacturers to develop ecological UTVs.

The U.S. government supports outdoor recreational activities, as well as the travel & tourism industry, creating a positive outlook for the industry. Sports clubs across the U.S. are organizing UTV racing events and offering attractive prizes to winners, which is leading to active increasing in consumer participation. Besides, favorable economic factors, such as increase in disposable income, escalating GDP and rising urban population are the key driving factors from U.S. utility terrain vehicles market growth.

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The 400–800 cc displacement segment is likely to witness impressive growth on account of maximum adoption of vehicles with displacement ranging from 400-800 cc due to advanced control and safety features. Rise in number of off-road desert championships and tournaments across the U.S. will fuel segmental growth over the analysis period. These vehicles comprise a roll cage structure that augments driver safety and reduces chances of injuries and fatalities. Manufacturers are rolling out innovative and advanced vehicles that may further boost the demand for 400 – 800 cc UTVs in the forthcoming years.

Advanced UTVs offer enhanced safety and are gaining widespread popularity for military & defense applications. The U.S. government is making hefty investments to deploy new UTVs and also upgrading the existing ones with new enhanced features. For instance, in 2019, the USMC (U.S. Marine Corps) announced plans to upgrade its UTV fleet. The organization will apparently integrate 250 vehicles with new tires, canopies, floorboards, and other accessories to improve vehicle functionality and safety.

U.S. utility terrain vehicles market players are working consistently to develop safety measures, including covered roof for rollover conditions, all-terrain airless tires, effective toggling between 2WD and 4WD, sustainability in unpredictable weather conditions, and independent suspensions for improved stability. Companies are prioritizing various strategies, such as collaborations, product launches, mergers & acquisitions to strengthen their market foothold.

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Some of the eminent U.S. utility terrain vehicles market players include Yamaha Motor Co., Ltd., Polaris, Inc., BRP, Inc., Hisun Motors, Kawasaki Motors Sports, LLC, KYMCO, Caterpillar Inc., Arctic Cat, Inc., and Deere & Company amongst others.

Table of Contents (ToC) of the report:

Chapter 3 U.S. Utility Terrain Vehicles Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 - 2026
3.3 Consumer behavior analysis
3.3.1 Consumers participation analysis in UTV sport activity, by region
3.3.2 Consumers participation analysis in UTV recreational activity, by region
3.3.3 U.S. outdoor recreation participation demographics
3.4 Industry ecosystem analysis
3.4.1 Distribution channel analysis
3.4.2 Vendor matrix
3.5 Technological and innovation landscape
3.5.1 Four-wheel drive (4x4)
3.5.2 Independent suspension
3.5.3 Continuously Variable Transmission (CVT)
3.5.4 Electronic Fuel Injection (EFI)
3.6 Pricing analysis
3.6.1 Cost structure analysis
3.7 Regulatory Landscape
3.7.1 Southern U.S.
3.7.1.1 Alabama
3.7.1.2 Texas
3.7.2 Western U.S.
3.7.2.1 Washington
3.7.2.2 Utah
3.7.3 Northeast U.S.
3.7.3.1 Maine
3.7.3.2 Pennsylvania
3.7.4 Midwest U.S.
3.7.4.1 Ohio
3.7.4.2 Nebraska
3.8 Industry impact forces
3.8.1 Growth Drivers
3.8.1.1 Increasing participation and spending in off-road recreational activities
3.8.1.2 Proliferating off-road sports events
3.8.1.3 High R&D investments and product innovation
3.8.2 Industry pitfalls & challenges
3.8.2.1 Environmental impact and safety concerns
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 Competitive landscape
3.11.1 Top players analysis
3.11.2 Strategy dashboard
3.12 PESTEL analysis

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