Utility Task Vehicles (UTV) Market is estimated to grow with a CAGR of 6.7% during the forecast period from 2018 to 2026.

According to a new market research report published by Credence Research “Utility Task Vehicles (UTV) Market (by Vehicle Type: Sports UTVs, Load Carrier UTVs and Multipurpose UTVs; By Fuel Type: Conventional Fuel UTVs and Electric UTVs) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the utility task vehicles market was valued US$ 4.12 Bn in 2017 and estimated to grow with a CAGR of 6.7% during the forecast period from 2018 to 2026.

The complete report is available at  http://www.credenceresearch.com/report/utility-task-vehicles-utv-market

Market Insights

Utility task vehicles or utility terrain vehicle (UTV) market experienced a momentous growth in both sports and utility sector in past few years and especially in 2016 and 2017. This grabbed the attention of several leading off-road vehicle manufacturers to step into this segment. The step expected to reciprocate with introduction of new breed of UTVs in coming years. UTVs are agiler than traditional sports utility vehicles (SUV) and are packed with capability of carrying more payload than all-terrain vehicle (ATV). UTVs are finding their applications across several end-use verticals besides off-road adventure and recreational activities. Incorporation of UTVs for defense, rescue, surveillance, farming and mining among others is stimulating the sales of UTVs across the globe.

North America and especially the U.S. holds the major share in the overall UTV market. Since the introduction of UTVs in 1970, a substantial uptick in popularity of off-road recreational vehicles allowed the region to dominate over the UTV market. Organization of off-road activities such as rallies and races encouraged both millennial and generation Z to form communities and participate in such events. Perpetually increasing use of off-road UTVs for farming and recreational activates in Asia Pacific countries and predominantly in China, Australia and New-Zealand projected to promote the region’s market value with the fastest growth rate throughout the forecast period 2018 to 2026. However, a number of accidental deaths and injuries caused by rough and unsafe driving of these vehicles influence the consumers’ discretion and poses a challenge for the market to grow.

Competitive Insights:

The UTV market is dominated by some of the biggest automotive and utility vehicle manufacturing companies. Major automotive manufacturers identified the market potential and hence are facing fierce competition among each other to claim their market share. Companies are also eyeing to grab defense and military contracts to provide UTV for surveillance and rescue operations. Some of the major UTV manufacturers includes Polaris Industries, Kawasaki Heavy Industries Motorcycle & Engine Company, Suzuki Motor Corporation, Yamaha Motor Company, Limited, Honda Motor Co., Ltd., Deere & Company, Husqvarna AB, Kubota Corporation, Case IH, Bobcat Company, Mahindra & Mahindra Limited, and Caterpillar Inc. among others.

Key Analysis Covered:

  • Latest trends in utility task vehicles (UTV) market and growth opportunities for UTV manufacturers
  • Impact of introduction of electric UTVs on the overall UTV market
  • Different range of products offered by leading manufacturers for different end-use applications
  • Leading and fastest growing segments in terms of vehicle type and fuel type
  • Key geographical regions/ countries for the utility task vehicles (UTV) market
  • Growing popularity of off-road adventure races and rallies and their effect on market value for utility task vehicles (UTV) market

Rubber Diaphragm market is estimated to reach US$ 11.42 Bn in 2026 growing at a CAGR of 4.2% during the forecast period from 2018 to 2026.

According to a new market research report published by Credence Research “Rubber Diaphragm Market (Product Type – Dynamic and Static; End-use Industry – Industrial, Automotive, Aerospace, oil & Gas, Healthcare, Water & Waste Water Management)  – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global Rubber Diaphragm market is estimated to reach US$ 11.42 Bn in 2026 growing at a CAGR of 4.2% during the forecast period from 2018 to 2026.

Browse the full report at  http://www.credenceresearch.com/report/rubber-diaphragm-market

Market Insights

Rubber diaphragms can be defined as flexible seals that are capable of preventing unwanted transmission of substances between two places. These substances may be gasses, liquids or solutions. They are characteristically tough and dynamic and essential in many flow control applications. Diaphragm are counted as a versatile element across all the sealing needs; serving as reliable but flexible separating wall between two component spaces. It finds application across industries such as automotive, aerospace, healthcare, oil & gas and water & waste water management among others.

One of the most prominent factors aiding the rubber diaphragm market growth is the fact that motor vehicle production has been on the rise in recent years. Improving standard of living coupled with rising disposable income has been important contributors towards this growth. For instance, the motor vehicle production in 2017 increased by 2.36%, which signifies an increase of 2,325,965 vehicles. This factor is expected to positively influence the demand for rubber diaphragms. Countries such as India and China has remained in the forefront in this context and its growing middle class population has contributed towards this growth. Another prominent factor boosting the demand for rubber diaphragms has been consistent rise of water and waste water management projects across the world. Factors such as stringent water conservation regulations has helped towards the expansion of these projects, thereby impacting the rubber diaphragm market growth. For instance, recently, a new wastewater treatment facility opened in Liberty, Missouri, U.S. The facility is the city’s largest infrastructure project till date and can serve 70,000 people.

In 2017, Asia Pacific held the largest share in the global rubber diaphragm market and expected to continue its dominance throughout the forecast period. There has been a significant increase in the production of motor vehicles in the region, a factor aiding the rubber diaphragm market growth. For instance, in 2017, China and India witnessed a growth of 3.19% and 5.83% respectively in terms of motor vehicle production. Moreover, increasing water treatment rates, improving treated water standards and growing investment in water and waste water projects is expected to propel demand for rubber diaphragms. Strong growth is expected for the markets in towns and villages where current wastewater treatment rates remain low. Therefore, considering increasing population and stricter wastewater treatment emission standards, the demand for rubber diaphragms expected to remain high during the forecast period.

Key players profiled in the report include TUMEDEI Spa, RPP Corporation, DiaCom Corporation, Soham Enterprises, Trostel, Seiko Polymers, Tianjin SVKS Technology & Development Co., Ltd, Meadex, Kurwa Rubber & Valves and TechPex India Pvt. Ltd. among others.