This article first appeared in the March 2020 issue of PowerTALK™ News
This is the estimate by Power Systems Research of the number of Utility Vehicles to be produced in North America (Canada, Mexico and the United States) in 2020.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With combined plant totals of 32%, Polaris leads in production of utility vehicles in North America. Polaris has plants in Mexico and the US. In second position is Honda with 13%, followed by Deere with 12%.
Exports: Canada exports up to 90% of its production, Mexico exports up to 85% in North America markets, and the US sends up to 55% of its production worldwide.
Trends: In 2019, annual production of Utility Vehicles in North America decreased 2.5%. This market is expected to gain 2.5% in 2020 over 2019. The gain is attributed to stabilization of the overall economy, demand for products in the golf industry, federal government incentives and the desire for new equipment/greener technology, especially within the sport and utility sectors.
Utility Task Vehicle (UTV) models, also referred to as Side by Side (SxS) units, are particularly popular now and our edging out ATVs for preference. Most UTVs can accommodate up to 6 passengers and are primarily designed for off-road recreation and work applications. Production is expected to gain up to 5% over the next 3-5 years. PSR
Carol Turner is Senior Analyst, Global Operations
