4WD UTV Market: Growth Trends, Key Drivers, and Future Outlook - 2030

The global 4WD UTV Market is expected to reach USD 12.83 billion by 2030, growing at a CAGR of 6.7%. In terms of volume, the market size was 646 thousand units in 2024 and is projected to reach 1,212 thousand units by 2030, with a CAGR of 10.5% from 2025 to 2030.

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Factors driving this growth include increased military spending, a rise in agricultural activities, and the rapidly expanding construction industry. The growing defense budget is another key driver for the industry, as governments worldwide invest in advanced all-terrain vehicles for military use, capitalizing on their ability to operate in challenging environments.