The commercial turf utility vehicle market finds application across various sectors, with the dominating segment being golf courses and sports facilities. These vehicles are essential for ground maintenance, including grass cutting, equipment transportation, and facility upkeep. Golf courses, in particular, heavily rely on turf utility vehicles for daily operations. Their quiet and emission-free electric variants are increasingly popular for eco-conscious maintenance. The market also extends to other sectors such as landscaping, agriculture, and hospitality, where these vehicles play a vital role in property management and maintenance tasks.
Access Full Report @ https://www.databridgemarketresearch.com/fr/reports/global-commercial-turf-utility-vehicle-market
Data Bridge Market Research analyses that the Global Commercial Turf Utility Vehicle Market was valued at USD 363.15 million in 2021 and is expected to reach USD 675.58 million by 2029, registering a CAGR of 7.60% during the forecast period of 2022-2029. Commercial turf utility vehicles have versatile applications in the agriculture, construction, hospitality, and tourism sectors, fostering demand across diverse industries due to their adaptability, efficiency, and ability to enhance productivity in various outdoor settings.
Key Findings of the Study
Sustainability and environmental concerns are expected to drive the market's growth rate
The market for turf utility vehicles is witnessing growth due to an increasing focus on environmental sustainability and emissions reduction. Consumers are showing a preference for eco-friendly and electric turf utility vehicles, driven by a desire for greener options. This shift aligns with global efforts to mitigate the environmental impact of such vehicles and meet stricter emissions regulations, propelling the development and adoption of electric and environmentally conscious models, thereby contributing to market expansion.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Propulsion Type (Electric, Gasoline and Diesel), Power Output (> 8 KW and 8 KW–15 KW), Subscription (New Purchase and Rental), Seating Capacity (2 Seater, More Than 2 Seater), Turf Type (Natural Grass, Artificial), Towing Capacity (Less Than 680 KG, More Than 680 KG), Application (Golf Courses, Hotel and Resorts, Airports, Colleges and Universities, Zoos, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Textron Inc. (U.S.), Deere & Company (U.S.), Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China), The Toro Company (U.S.), Polaris Inc. (U.S.), Yamaha Motor Co., Ltd. (Japan), KUBOTA Corporation (Japan), Columbia Vehicle Group Inc. (U.S.), SpeedwaysElectric (India), HDK ELECTRIC VEHICLE (U.S.), Marshell Green Power (China), STAR EV CORPORATION (U.S.), Tropos Motors (U.S.), American Landmaster (U.S.), Garia A/S (Denmark), Ingersoll Rand (U.S.), Bintelli Electric Vehicles (U.S.), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), and Moto electric vehicles (U.S.), among others
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Segment Analysis:
The global commercial turf utility vehicle market is segmented on the basis of propulsion type, power output, application, subscription, seating capacity, turf type, and towing capacity.
- On the basis of propulsion type, the global commercial turf utility vehicle market is segmented into electric, gasoline, and diesel. In 2022, the electric segment is expected to dominate the commercial turf utility vehicle market with a 48.7% market share during the forecast period of 2022-2029. This dominance is attributed to increasing environmental concerns, stricter emissions regulations, and growing demand for eco-friendly solutions.
In 2022, the electric segment of the propulsion type segment is anticipated to dominate the global commercial turf utility vehicle market
In 2022, the electric segment is expected to dominate the commercial turf utility vehicle market with a 48.7% market share during the forecast period of 2022-2029. This dominance is attributed to increasing environmental concerns, stricter emissions regulations, and growing demand for eco-friendly solutions. Electric vehicles are favored for their reduced emissions, lower operating costs, and alignment with sustainability goals, making them a top choice in the market.
- On the basis of power output, the global commercial turf utility vehicle market is segmented into > 8 KW and 8 KW–15 KW. In 2022, the 8 KW - 15 KW segment is expected to dominate the market with a 66.4% market share during the forecast period of 2022-2029. The power range strikes a balance between sufficient performance for various applications and cost-effectiveness.
In 2022, the 8 KW - 15 KW segment of power output segment is anticipated to dominate the global commercial turf utility vehicle market
In 2022, the 8 KW - 15 KW segment is expected to dominate the market with a 66.4% market share during the forecast period of 2022-2029. The power range strikes a balance between sufficient performance for various applications and cost-effectiveness. It caters to the diverse needs of customers, making it a popular choice within the market.
- On the basis of application, the global commercial turf utility vehicle market is segmented into golf courses, hotel and resorts, airports, colleges and universities, zoos, and others. In 2022, Golf courses are poised to dominate the commercial turf utility vehicle market with a 38.9% market share during the forecast period of 2022-2029 due to their extensive use of these vehicles for maintenance, transportation, and other essential tasks.
- On the basis of subscription, the global commercial turf utility vehicle market is segmented into new purchase and rental. In 2022, a new purchase segment is expected to dominate the commercial turf utility vehicle market with a 70.1% market share during the forecast period of 2022-2029 due to the continuous need for upgrading and expanding fleets in various industries. As businesses grow and seek more efficient solutions, new vehicle acquisitions are crucial for meeting evolving demands and maintaining competitiveness.
- On the basis of seating capacity, the global commercial turf utility vehicle market is segmented into 2 seater and more than 2 seater. In 2022, the 2-seater configuration is expected to dominate the commercial turf utility vehicle market with a 71.3% market share during the forecast period of 2022-2029 due to its versatility and efficiency. It suits a wide range of applications in industries such as golf courses, agriculture, and hospitality, offering a balance between passenger capacity and maneuverability, making it a preferred choice.
- On the basis of turf type, the global commercial turf utility vehicle market is segmented into natural grass, and artificial. In 2022, natural grass is anticipated to dominate the commercial turf utility vehicle market with a 71.3% market share during the forecast period of 2022-2029 as it remains the predominant surface in applications such as golf courses, sports fields, and parks. These areas require specialized vehicles for maintenance, mowing, and grooming, sustaining the demand for turf utility vehicles designed for natural grass surfaces.
- On the basis of towing capacity, the global commercial turf utility vehicle market is segmented into less than 680 kg, and more than 680 kg. In 2022, commercial turf utility vehicles weighing less than 680 kg are expected to dominate the market with a 63.8% market share during the forecast period of 2022-2029 due to their versatility, cost-efficiency, and suitability for various applications. Their lightweight design allows for easier maneuverability, lower operating costs, and adherence to regulations, making them a preferred choice in the industry.
Major Players
Data Bridge Market Research recognizes the following companies as the major global commercial turf utility vehicle market players in global commercial turf utility vehicle market are Textron Inc. (U.S.), Deere & Company (U.S.), Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China), The Toro Company (U.S.), Polaris Inc. (U.S.), Yamaha Motor Co., Ltd. (Japan), KUBOTA Corporation (Japan), Columbia Vehicle Group Inc. (U.S.), SpeedwaysElectric (India), HDK ELECTRIC VEHICLE (U.S.), Marshell Green Power (China), STAR EV CORPORATION (U.S.), Tropos Motors (U.S.).
Market Development
- In September 2020, Deere and Company acquired Unimil, a Brazilian aftermarket service parts business established in 1999 with approximately 430 employees. This strategic acquisition enables the company to advance its trade operations, reshape its operational model, and modernize production systems in the agriculture sector. It enhances Deere and Company's ability to provide comprehensive aftermarket services and reinforces its position in the Brazilian agricultural market, fostering innovation and growth in the industry.
Regional Analysis
Geographically, the countries covered in the major global commercial turf utility vehicle market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America dominates global commercial turf utility vehicle market during the forecast period 2022 - 2029
North America dominates the commercial turf utility vehicle market is attributed to the growing demand for zero-emission vehicles in the region. As environmental concerns gain prominence, businesses and institutions seek eco-friendly alternatives for their utility vehicle needs. This shift towards sustainability aligns with the market's focus on electric and low-emission turf utility vehicles. Consequently, North America, with its increasing adoption of green technologies, leads in the adoption of eco-conscious commercial turf utility vehicles.
Asia-Pacific is expected to dominate global commercial turf utility vehicle market during the forecast period 2022 - 2029
The Asia-Pacific (APAC) region is poised to lead the commercial turf utility vehicle market from 2022 to 2029, driven by the rapid expansion of electric vehicle (EV) production plants. As the global demand for eco-friendly utility vehicles surges, major manufacturers are establishing production facilities in APAC to cater to this growing market. This strategic move strengthens APAC's position as a dominant force in the commercial turf utility vehicle industry, capitalizing on the increasing adoption of EVs in the region.
For more detailed information about the global commercial turf utility vehicle market report, click here – https://www.databridgemarketresearch.com/fr/reports/global-commercial-turf-utility-vehicle-market
