A utility terrain vehicle is a machine that is manufactured to complete tasks in an efficient way as compared to a general purpose vehicle. The more ubiquitous name is side by side vehicle, this side by side name has generated from the way tow people used to sit in a car side by side also it is known as four-wheelers off-road vehicle which has space for two to six passengers. The more commonly used terms for utility terrain vehicles is multi-purpose off-highway utility vehicle and recreational off-highway vehicle.
Utility terrain vehicle is the same as all-terrain vehicles (ATV), just UTV is larger than ATV and includes steering wheels, with pedals for breaks, and handlebars replaced with gas. UTV has space for the driver along with passenger and sometimes it has space to carry more than two persons. Some UTV is not considered as side by side UTV as they are offering only one person on the vehicle but still it is recognized as utility terrain vehicle.
Utility terrain vehicle is used in various fields such as UTV can be used by farmers, hunters, and on a golf course and it is used for racing purpose, this may result into high sales of utility terrain vehicle worldwide. Furthermore, the capability of utility terrain vehicle to operate in as rough landscapes is a major advantage of using this UTV in the field of military and defense operations. In addition, utility terrain vehicle offers various benefits such as capacity to carry a high load and ability to run smoothly on a rough surface which is intrinsic for military and defense operation are factors may result into high sales of utility terrain vehicles market worldwide. Growing priority of steering terrain vehicles for various applications such as in agriculture and construction and for rescue tasks in rough lands are factors positively impacting the utility terrain vehicle market.
There are diffrent type of utility terrain vehicle include displacement (CC): ≤ 400, displacement (CC): 400 to 800, and displacement (CC): ≥ 800. Among this displacement (CC): ≥ 800 segments is dominating, as it is used for various purpose such as in sports events and for racing purpose. By application, market is divided into work utility terrain vehicle and sport utility terrain vehicle. Among application, the work utility terrain vehicle has major revenue share, due to increasing adoption in various sectors. Furthermore, by region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the regions North America is accounted for the largest revenue share, the reason behind this is wide adoption of utility terrain vehicles in military and defense sectors.
Some major key players of UTV market includes Polaris Industries Inc., John Deere Co, Kawasaki Heavy Industries, Ltd., Yamaha Motor Co., Ltd., Kubota Corporation, Arctic Cat Inc., Honda Motor Co., Ltd., Bombardier Recreational Products, KYMCO Usa Inc., Hisun Motors Corp USA, CFMOTO Powersports, Inc., and Linhai Co.,Ltd.