The North America ATV and UTV market was valued at USD 5.89 billion in 2019 and is anticipated to register a CAGR of about 4.81% during the forecast period (2020
Also, manufacturers are now working towards making electric ATV and UTV more regular in the region studied.
- Also, manufacturers are now working towards making electric ATV and UTV more regular in the region studied.
- - The United States is the largest market in the North American region occupying a significant share of the total market value followed by Canada and Mexico.
- But since the market is still in the nascent stage in these countries, they are expected to exhibit relatively high growth rate.
- All the aforementioned facts can deter the growth of ATV and UTV market in North America.