유럽의 전기 사륜 오토바이(ATV), 다목적 사륜차(UTV), 골프 카트 시장 : 분석 및 예측(2023-2032년)

Introduction to Europe Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market

The Europe electric ATV, UTV, and golf cart market (excluding U.K.) is projected to reach $1,298.5 million by 2032 from $212.3 million in 2023, growing at a CAGR of 22.29% during the forecast period 2023-2032. The anticipated growth of the electric ATV, UTV, and golf cart market is forecasted to be propelled by factors such as the affordability of owning electric ATVs, UTVs, and golf carts, their minimal noise output, growing recognition of the importance of reducing carbon emissions, and the rising utilization of ATVs, UTVs, and golf carts in both military and recreational pursuits, among other driving forces.

Market Introduction

The electric all-terrain vehicle (ATV), utility-terrain vehicle (UTV), and golf cart market in Europe is experiencing significant growth. This growth is primarily attributed to several key factors. Firstly, there is a rising demand driven by the advantages of electric vehicles, including lower ownership costs and reduced noise emissions. Additionally, increasing awareness of environmental concerns, particularly the need to decrease carbon emissions, is prompting consumers and businesses alike to opt for electric alternatives. Furthermore, the versatility of electric ATVs and UTVs is leading to their adoption in various applications, including recreational activities and military operations. These trends are contributing to a flourishing market landscape for electric ATVs, UTVs, and golf carts across Europe, with further growth prospects anticipated in the coming years.

Market Segmentation:

Segmentation 1: by Application

• Professional Sports
• Recreational
• Agriculture and Utility
• Military and Defense
• Others

Segmentation 2: by Propulsion Type

• Battery Electric ATVs, UTVs, and Golf Carts
• Hybrid Electric ATVs, UTVs, and Golf Carts

Segmentation 3: by Country

• Germany
• France
• Rest-of-Europe

How can this report add value to an organization?

Product/Innovation Strategy: The leading ATV, UTV, and golf cart manufacturers are continuously working to manufacture and sell ATVs, UTVs, and golf carts that deliver improved performance and are environment-friendly, producing less noise and emission. The growing need for affordable and high-performing electric ATVs, UTVs, and golf carts is one of the major factors for the growth of the electric ATV, UTV, and golf cart market. The market is more on the consolidated side at present, where ATV, UTV, and golf cart providers have been successful to a certain extent in strengthening their market position in the market. However, with the rise of local electric ATV, UTV, and golf cart manufacturers, the existing established players are expected to face stiff competition in the local markets, primarily in developing economies. Moreover, partnerships and collaborations are expected to play a crucial role in strengthening market position over the coming years, with the companies focusing on bolstering their technological capabilities and gaining a dominant market share in the electric ATV, UTV, and golf cart industry.

Growth/Marketing Strategy: The electric ATV, UTV, and golf cart market has been growing at a considerable pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.

Competitive Strategy: The key players in the Europe electric ATV, UTV, and golf cart market analyzed and profiled in the study include electric ATV, UTV, and golf cart providers that manufacture and sell electric ATVs, UTVs, and golf carts. Moreover, a detailed competitive benchmarking of the players operating in the Europe electric ATV, UTV, and golf cart market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Some of the prominent names established in this market are:

• Eco Charger
• DP Brakes
• Embragatges i Derivats S.A. (EIDE)

Table of Contents

Executive Summary

Scope of the Study

1 Markets

• 1.1 Industry Outlook
  • 1.1.1 Trends and Factors Impacting the Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market
  • 1.1.2 Trends: Industry Dynamics Defining the Future Trends of Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market
  • 1.1.3 Timeline for the Electric All-Terrain Vehicle (ATV) and Utility-Terrain Vehicle (UTV)
  • 1.1.4 Timeline for the Electric Golf Carts
  • 1.1.5 Supply Chain Network/MAP
    • 1.1.5.1 Tier-1 Suppliers
    • 1.1.5.2 Manufacturers
    • 1.1.5.3 Distributors
  • 1.1.6 Role of Conventional ATV and UTV Manufacturers
  • 1.1.7 Role of Conventional Golf Cart Manufacturers
  • 1.1.8 Ecosystem/Ongoing Programs
    • 1.1.8.1 Consortiums, Associations, and Regulatory Bodies
    • 1.1.8.2 Government Programs
• 1.2 Business Dynamics
  • 1.2.1 Business Drivers for Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market
    • 1.2.1.1 Low Cost of Ownership of Electric ATVs, UTVs, and Golf Carts
    • 1.2.1.2 Low Noise Emission of Electric ATVs, UTVs, and Golf Carts
    • 1.2.1.3 Rising Awareness of the Need to Reduce Carbon Emissions
    • 1.2.1.4 Increasing Use of ATVs, UTVs, and Golf Carts in Military and Recreational Activities
    • 1.2.1.5 Shifting Focus toward Electric Variants
    • 1.2.1.6 Improving Technology in Electric ATVs, UTVs, and Golf Carts
    • 1.2.1.7 Increased Use of Golf Carts as Utility Vehicles
    • 1.2.1.8 Technological Advancement in the Golf Cart Industry
  • 1.2.2 Business Challenges for Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market
    • 1.2.2.1 Higher Initial Cost of Electric ATVs, UTVs, and Golf Carts
    • 1.2.2.2 Range Anxiety and Impact of High Battery Weight on Vehicle Performance
    • 1.2.2.3 Limitations Associated with Charging Infrastructure
    • 1.2.2.4 High Maintenance Cost of Electric Golf Carts
  • 1.2.3 Business Strategies
    • 1.2.3.1 Product Development
    • 1.2.3.2 Market Development
  • 1.2.4 Corporate Strategies
    • 1.2.4.1 Mergers and Acquisitions
    • 1.2.4.2 Partnerships, Collaborations, and Joint Ventures
  • 1.2.5 Business Opportunities for Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market
    • 1.2.5.1 Development of Amphibious All-Terrain Vehicles
    • 1.2.5.2 Development of Autonomous ATVs, UTVs, and Golf Carts
    • 1.2.5.3 Capitalizing on the Micro-Mobility Trend
    • 1.2.5.4 Focus on Lithium Iron Phosphate Batteries
    • 1.2.5.5 Improved Golf Cart Quality and Introduction of Modern Golf Cart Designs Such as Golf Boards
• 1.3 Case Study of Electric ATV and UTV Market
  • 1.3.1 Business Model Analysis
• 1.4 Perval Scale Analysis for Consumer Perception of Electric ATV and UTV
• 1.5 Key Applications Where Electric ATVs, UTVs, and Golf Carts Find a Serviceable Market
• 1.6 Start-Up Landscape
  • 1.6.1 Key Start-Ups in the Ecosystem
  • 1.6.2 Top Innovations
    • 1.6.2.1 Innovation Opportunities
• 1.7 Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Aftermarket
  • 1.7.1 Trends: Current and Future Trends in Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Aftermarket
  • 1.7.2 Business Model Analysis
  • 1.7.3 Emerging Technologies and Top Innovations in Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Aftermarket
  • 1.7.4 Electric ATV, UTV, and Golf Cart Aftermarket: Analyst's PoV
  • 1.7.5 Supply Chain Analysis
    • 1.7.5.1 Manufacturers
    • 1.7.5.2 Distributors
    • 1.7.5.3 Work Shops
    • 1.7.5.4 End Users/Customers
  • 1.7.6 Business Dynamics
    • 1.7.6.1 Business Drivers for Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Aftermarket
      • 1.7.6.1.1 Rising Demand for Vehicle Customization and Personalization
      • 1.7.6.1.2 Expansion of OEMs into Aftermarket Industry
      • 1.7.6.1.3 Impact of Big Data and Advanced Analytics on the Supply Chain Optimization
      • 1.7.6.1.4 Increase in the Demand for Mobility as a Service (MaaS) and Fleet Industry
    • 1.7.6.2 Business Challenges for Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Aftermarket
      • 1.7.6.2.1 Emergence of Next-Generation of Vehicles - Electrification and ADAS Technology Shrinking the Profit Margins
      • 1.7.6.2.2 Inventory Collection and Shipping Problems Affecting the Supply Chain
      • 1.7.6.2.3 Counterfeiting of Auto Components
    • 1.7.6.3 Business Opportunities for Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Aftermarket
      • 1.7.6.3.1 Cross-Sectoral Integration with the Emergence of New Players
      • 1.7.6.3.2 Digitization of Channels and Interfaces
      • 1.7.6.3.3 Increase in Vehicle Average Life Expectancy

2 Region

• 2.1 Europe
  • 2.1.1 Market
    • 2.1.1.1 Buyer Attributes
    • 2.1.1.2 Key Manufacturers in Europe
    • 2.1.1.3 Competitive Benchmarking
      • 2.1.1.3.1 Conventional ATVs, UTVs, and Golf Carts
      • 2.1.1.3.2 Electric ATVs, UTVs, and Golf Carts
    • 2.1.1.4 Business Challenges
    • 2.1.1.5 Business Drivers
  • 2.1.2 Application
    • 2.1.2.1 Europe Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
    • 2.1.2.2 Europe Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
  • 2.1.3 Product
    • 2.1.3.1 Europe Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Product), Volume and Value
    • 2.1.3.2 Europe Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Propulsion Type), Volume and Value
  • 2.1.4 Europe (by Country)
    • 2.1.4.1 Germany
      • 2.1.4.1.1 Market
        • 2.1.4.1.1.1 Buyer Attribute
        • 2.1.4.1.1.2 Key Manufacturers and Suppliers in Germany
        • 2.1.4.1.1.3 Key ATV, UTV, and Golf Cart Distributors in Germany
        • 2.1.4.1.1.4 Business Challenges
        • 2.1.4.1.1.5 Business Drivers
      • 2.1.4.1.2 Application
        • 2.1.4.1.2.1 Germany Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
        • 2.1.4.1.2.2 Germany Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
      • 2.1.4.1.3 Product
        • 2.1.4.1.3.1 Germany Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Product), Volume and Value
        • 2.1.4.1.3.2 Germany Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Propulsion Type), Volume and Value
    • 2.1.4.2 France
      • 2.1.4.2.1 Market
        • 2.1.4.2.1.1 Buyer Attribute
        • 2.1.4.2.1.2 Key Manufacturers and Suppliers in France
        • 2.1.4.2.1.3 Key ATV, UTV, and Golf Cart Distributors in France
        • 2.1.4.2.1.4 Business Challenges
        • 2.1.4.2.1.5 Business Drivers
      • 2.1.4.2.2 Application
        • 2.1.4.2.2.1 France Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
        • 2.1.4.2.2.2 France Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
      • 2.1.4.2.3 Product
        • 2.1.4.2.3.1 France Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Product), Volume and Value
        • 2.1.4.2.3.2 France Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Propulsion Type), Volume and Value
    • 2.1.4.3 Rest-of-Europe
      • 2.1.4.3.1 Market
        • 2.1.4.3.1.1 Buyer Attribute
        • 2.1.4.3.1.2 Key Manufacturers and Suppliers in Rest-of-Europe
        • 2.1.4.3.1.3 Key ATV, UTV, and Golf Cart Distributors in Rest-of-Europe
        • 2.1.4.3.1.4 Business Challenges
        • 2.1.4.3.1.5 Business Drivers
      • 2.1.4.3.2 Application
        • 2.1.4.3.2.1 Rest-of-Europe Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
        • 2.1.4.3.2.2 Rest-of-Europe Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
      • 2.1.4.3.3 Product
        • 2.1.4.3.3.1 Rest-of-Europe Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Product), Volume and Value
        • 2.1.4.3.3.2 Rest-of-Europe Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Propulsion Type), Volume and Value
• 2.2 U.K.
  • 2.2.1 Market
    • 2.2.1.1 Buyer Attributes
    • 2.2.1.2 Key Manufacturers in U.K.
    • 2.2.1.3 Key ATV, UTV, and Golf Cart Distributors in U.K.
    • 2.2.1.4 Competitive Benchmarking
      • 2.2.1.4.1 Conventional ATVs, UTVs, and Golf Carts
      • 2.2.1.4.2 Electric ATVs, UTVs, and Golf Carts
    • 2.2.1.5 Business Challenges
    • 2.2.1.6 Business Drivers
  • 2.2.2 Application
    • 2.2.2.1 U.K. Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
    • 2.2.2.2 U.K. Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Application), Volume and Value
  • 2.2.3 Product
    • 2.2.3.1 U.K. Conventional All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Product), Volume and Value
    • 2.2.3.2 U.K. Electric All-Terrain Vehicle (ATV), Utility-Terrain Vehicle (UTV), and Golf Cart Market (by Propulsion Type), Volume and Value

3 Markets - Competitive Benchmarking & Company Profiles

• 3.1 Competitive Benchmarking
  • 3.1.1 Competitive Position Matrix
    • 3.1.1.1 Conventional ATVs, UTVs, and Golf Carts
    • 3.1.1.2 Electric ATVs, UTVs, and Golf Carts
  • 3.1.2 Market Share Analysis
    • 3.1.2.1 ATVs and UTVs
    • 3.1.2.2 Electric ATVs, UTVs, and Golf Carts
• 3.2 Product Matrix
• 3.3 Company Profiles
  • 3.3.1 Electric All-Terrain Vehicle Manufacturers
    • 3.3.1.1 Eco Charger
      • 3.3.1.1.1 Company Overview
      • 3.3.1.1.2 Role of Eco Charger in the Electric ATV, UTV, and Golf Cart Market
        • 3.3.1.1.2.1 Product Portfolio
      • 3.3.1.1.3 Business Strategies
        • 3.3.1.1.3.1 Eco Charger: Product Development
      • 3.3.1.1.4 Analyst View
    • 3.3.1.2 DP Brakes
      • 3.3.1.2.1 Company Overview
      • 3.3.1.2.2 Role of DP Brakes in the Electric ATV, UTV, and Golf Cart Market
        • 3.3.1.2.2.1 Product Portfolio
      • 3.3.1.2.3 Business Strategies
        • 3.3.1.2.3.1 DP Brakes: Product Development
      • 3.3.1.2.4 Analyst View
    • 3.3.1.3 Embragatges i Derivats S.A. (EIDE)
      • 3.3.1.3.1 Company Overview
      • 3.3.1.3.2 Role of Embragatges i Derivats S.A. (EIDE) in the Electric ATV, UTV, and Golf Cart Market
        • 3.3.1.3.2.1 Product Portfolio
      • 3.3.1.3.3 Analyst View
  • 3.3.2 Sample Company
    • 3.3.2.1 Overview
    • 3.3.2.2 Top Products / Product Portfolio
    • 3.3.2.3 Top Competitors
    • 3.3.2.4 Target Customers
    • 3.3.2.5 Key Personnel
    • 3.3.2.6 Analyst View
    • 3.3.2.7 Market Share

4 Research Methodology

• 4.1 Data Sources
  • 4.1.1 Primary Data Sources
  • 4.1.2 Secondary Data Sources
• 4.2 Data Triangulation
• 4.3 Market Estimation and Forecast
  • 4.3.1 Factors for Data Prediction and Modeling