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Electric and hybrid utility vehicle innovations are gaining popularity owing to environmental compliance and appeal to consumers seeking sustainable transportation options, boosting market growth. For instance, in October 2024, Hon Hai Technology Group (known as Foxconn), the largest technology manufacturer and service provider, announced two, new reference EVs at the fifth annual Hon Hai Tech Day (HHTD), extending its automotive range with the MODEL D, a lifestyle multipurpose utility vehicle, and the MODEL U, a midi-sized electric bus.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Utility Vehicle Market Report Segment
By Vehicle Type
- Sport Utility Vehicle (SUV)
- Multi Utility Vehicle (MUV)
- Utility Terrain Vehicle (UTV)
By Propulsion Type
- Internal Combustion Engine (ICE)
- Electric
- Others (Hydrogen)
By Application
- Passenger Commute
- Industrial
- Agricultural
- Sports
Global Utility Vehicle Market Report Segment by Region
North America
- US
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global utility vehicle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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