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News  ›  GlobeNewswire Inc.

$11.23 Bn Utility Terrain Vehicle Parts and Accessories Global Markets, 2019-2024, 2025-2029F, 2034F

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Researchandmarkets.Com
$11.23 Bn Utility Terrain Vehicle Parts and Accessories Global Markets, 2019-2024, 2025-2029F, 2034F

The global UTV parts and accessories market is experiencing robust growth, expanding from $7.67 billion in 2024 to $8.3 billion in 2025, with projections reaching $11.23 billion by 2029 at a 7.8% CAGR. Growth is driven by increased off-road recreational activities, demand for high-performance customizable vehicles, electric drivetrain advancements, and e-commerce expansion. However, trade tensions and tariff increases are pressuring manufacturers' margins and prompting shifts toward local suppliers.

Insights
ORCL   negative

Rising credit default swap (CDS) spreads indicating increased credit risk


HMC   positive

Listed as a major industry player in the growing UTV parts and accessories market, benefiting from increased demand for high-performance vehicles and recreational activities.