UTV Market Value| COVID-19 Impact, Size, CAGR, Trends and Forecast 2023
A utility terrain vehicle (UTV) refers to a vehicle that is designed specifically for efficiently performing tasks as compared to the general-purpose vehicle. These vehicles are also known as four-wheel drive off-road vehicles and side-by-side vehicles. They have a capacity of two to six persons. Segmentation Utility terrain vehicles are majorly driven by their capabilities of working as off-road vehicles and carrying equipment. Functioning off-road needs the unit to operate around obstacles and over rough terrains. Carrying equipment needs the strength to haul a load and the ability to stay above softer ground. These vehicles are majorly equipped with roll-over protection system. Increasing consumer preference toward offload recreational activities is leading to an increase in adoption of the utility terrain vehicles market. Utility terrain vehicles are majorly used for the recreational purposes. These are also being used in various sectors such as military and de...