The commercial turf utility vehicle industry will relinquish an approximated estimate at a frequency of 7.1% for the projection space of 2020 to 2027 with factor such as the rising geriatric population to drive the demand for utility vehicles and rise in demand for rental model in the commercial turf utility vehicle market.
Commercial turf utility vehicle market has shown an exceptional penetration in countries such as the U.S., China and Germany due to increasing use of emerging technologies to gain valuable insights and the rising demand of sensors among industries is creating opportunity for global commercial turf utility vehicle market.
Commercial Turf Utility Vehicle Market Scenario
According to Data Bridge Market Research, the market for commercial turf utility vehicle in North America region has the highest market share followed by Asia-Pacific and Europe. Market leader is Deere & Company which accounts an estimated market share of approximately 19.1% in the global commercial turf utility vehicle market. The company has gained outstanding sales through their commercial turf utility vehicle products.
- In September 2020, Deere & Company launched Updated Gator Utility Vehicles. The Updated John Deere Gator Utility Vehicle includes the HPX Work Series, Mid-Size XUVs and Full-Size XUVs. The modern automotive-like highlights make the vehicles less demanding to function and give improved control in variety of territory. Thus, this product launch helps the company to strengthen its customer base.
Trends Impacting the Commercial Turf Utility Vehicle Market
Now the question is which other regions Deere & Company, Ingersoll Rand and The Toro Company are targeting? Data Bridge Market Research has forecasted a large growth in North America commercial turf utility vehicle market and the market leaders targeting the U.S., Canada and Mexico to be their next revenue pockets for 2020.
The commercial turf utility vehicle market is becoming more competitive every year with companies such as Deere & Company, Ingersoll Rand and The Toro Company as they are the market leaders for commercial turf utility vehicle. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the commercial turf utility vehicle market.
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Commercial Turf Utility Vehicle Market Development
- In January 2020, Club Car, the brand of Ingersoll Rand launched Versatile Utility Vehicle Carryall 502. The advantages of Carryall 502 are that it increases visibility due to the widescreen and lower dashboard. This product launch has helped the company to strengthen its product category.
Scope of the Commercial Turf Utility Vehicle Market
Global commercial turf utility vehicle market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
- All country based analysis of commercial turf utility vehicle market is further analyzed based on further segmentation. On the basis of propulsion type, the commercial turf utility vehicle market has been segmented into electric, gasoline and diesel. On the basis of power output, the commercial turf utility vehicle market has been segmented into > 8 kw and 8 kw–15 kw. On the basis of seating capacity, the commercial turf utility vehicle market has been segmented into 2 seater and more than 2 seater. On the basis of turf type, the commercial turf utility vehicle market has been segmented into natural grass and artificial. On the basis of subscription, the commercial turf utility vehicle market has been segmented into new purchase and rental. On the basis application, the commercial turf utility vehicle market has been segmented into golf courses, hotel & resorts, airports, colleges & universities, zoos and others. On the basis of towing capacity, the commercial turf utility vehicle market has been segmented into less than 680 kg, more than 680 kg.
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Key Pointers Covered in Commercial Turf Utility Vehicle Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Textron Inc.
- Deere & Company
- Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
- The Toro Company
- Polaris Inc.
- Yamaha Motor Co., Ltd.
- KUBOTA Corporation
- Columbia Vehicle Group Inc.
- SpeedwaysElectric
- HDK ELECTRIC VEHICLE
- Marshell Green Power
- STAR EV CORPORATION
- Tropos Motors (a brand of Tropos Technologies, Inc)
- American Landmaster
- Garia A/S
- Ingersoll Rand
- Bintelli Electric Vehicles
- Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD.
- Moto Electric Vehicles
Research Methodology: Global Commercial Turf Utility Above are the key players covered in the report, to know about more and exhaustive list of commercial turf utility vehicle companies’, contact us https://www.databridgemarketresearch.com/ar/toc/?dbmr=global-commercial-turf-utility-vehicle-market
Vehicle Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Developers, Commercial Turf Utility Vehicle Engineers, Healthcare Professionals, Sport Professionals and Industrial Professionals
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.
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