North America Commercial Turf Utility Vehicle Market to 2032
Overview
The North America Commercial Turf Utility Vehicle Market is expected to reach a 2.77 USD Billion by 2032 and is projected to grow at a CAGR of 15.43% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.41
Forecast, 2032 (USD Billion)
2.77
CAGR, 2024 - 2032
15.43%
Report Coverage
North America
North America Commercial Turf Utility Vehicle Market 2018-2032 USD Billion
North America Commercial Turf Utility Vehicle Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.41 USD Billion
- Projected Market Size (2032): 2.77 USD Billion
- CAGR (2025-2032): 15.43%
Key Findings of North America Commercial Turf Utility Vehicle Market
- The North America Commercial Turf Utility Vehicle Market was valued at 1.41 USD Billion in 2024.
- The North America Commercial Turf Utility Vehicle Market is likely to grow at a CAGR of 15.43% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Natural Grass in Turf Type Segment accounted for the largest share of the market with a revenue of 1.04 USD Billion
- The fastest growing segment Electric in Propulsion Type Segment grew Fastest with a CAGR of 16.97% during the forecast period from 2024 to 2032.
North America Commercial Turf Utility Vehicle Market Scope
North America Commercial Turf Utility Vehicle Market Segmentation & Scope
Application
- Others
- Zoos
- Colleges & Universities
- Airports
- Hotel & Resorts
- Golf Courses
Towing Capacity
- More than 680
- Less than 680
Turf Type
- Artificial Grass
- Natural Grass
Seating Capacity
- More than 2 Seater
- 2 Seater
Subscription
- Rental
- New Purchase
Power Output
- > 8KW
- 8KW-15KW
Propulsion Type
- Diesel
- Gasoline
- Electric
North America Commercial Turf Utility Vehicle Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.41 USD Billion |
| Market Value in 2032 | 2.77 USD Billion |
| CAGR (2025-2032) | 15.43% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Towing Capacity,Turf Type,Seating Capacity,Subscription,Power Output,Propulsion Type |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 1.41 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 1,153.07 USD Million in 2024.
Segments and Scope
-
North America Commercial Turf Utility Vehicle Market to 2032, By Application
- Golf Courses is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 531.01 USD Billion in the year 2024.
- Golf Courses is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 16.59 % in forecast period 2025-2032.
-
North America Commercial Turf Utility Vehicle Market to 2032, By Towing Capacity
- Less than 680 is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 931.45 USD Billion in the year 2024.
- Less than 680 is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 15.70 % in forecast period 2025-2032.
-
North America Commercial Turf Utility Vehicle Market to 2032, By Turf Type
- Natural Grass is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 1.04 USD Billion in the year 2024.
- Natural Grass is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 15.75 % in forecast period 2025-2032.
-
North America Commercial Turf Utility Vehicle Market to 2032, By Seating Capacity
- 2 Seater is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 1.02 USD Billion in the year 2024.
- 2 Seater is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 15.86 % in forecast period 2025-2032.
-
North America Commercial Turf Utility Vehicle Market to 2032, By Subscription
- New Purchase is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 990.00 USD Billion in the year 2024.
- New Purchase is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 15.90 % in forecast period 2025-2032.
-
North America Commercial Turf Utility Vehicle Market to 2032, By Power Output
- 8KW-15KW is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 955.55 USD Billion in the year 2024.
- 8KW-15KW is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 16.20 % in forecast period 2025-2032.
-
North America Commercial Turf Utility Vehicle Market to 2032, By Propulsion Type
- Electric is the largest segment in North America Commercial Turf Utility Vehicle Market to 2032 with a revenue of 834.26 USD Billion in the year 2024.
- Electric is the Fastest growing segment in North America Commercial Turf Utility Vehicle Market to 2032 with a Growth rate of 16.97 % in forecast period 2025-2032.
North America Commercial Turf Utility Vehicle Market Company Share Analysis
| Company Name |
|
||
| Ingersoll Rand | |||
| Deere & Company | |||
| The Toro Company | |||
| Yamaha Motor Co., Ltd. | |||
| KUBOTA Corporation | |||
North America Commercial Turf Utility Vehicle Market Geographical Sales Distribution, 2018-2032 USD Billion
North America Commercial Turf Utility Vehicle Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Commercial Turf Utility Vehicle Market is segmented based on Segmentation Application,Towing Capacity,Turf Type,Seating Capacity,Subscription,Power Output,Propulsion Type.
North America Commercial Turf Utility Vehicle Market was valued at USD 1.41(Revenue in USD Billion) in 2019.
North America Commercial Turf Utility Vehicle Market is projected to grow at a CAGR of 15.43% during the forecast period of 2024 to 2032.
The Natural Grass segment is expected to dominate the North America Commercial Turf Utility Vehicle Market, holding a largest market share of 1.04 USD Billion in 2024
North America Commercial Turf Utility Vehicle Market Scope
North America Commercial Turf Utility Vehicle Market Segmentation & Scope
Application
- Others
- Zoos
- Colleges & Universities
- Airports
- Hotel & Resorts
- Golf Courses
Towing Capacity
- More than 680
- Less than 680
Turf Type
- Artificial Grass
- Natural Grass
Seating Capacity
- More than 2 Seater
- 2 Seater
Subscription
- Rental
- New Purchase
Power Output
- > 8KW
- 8KW-15KW
Propulsion Type
- Diesel
- Gasoline
- Electric
Frequently Asked Questions
The North America Commercial Turf Utility Vehicle Market is segmented based on Segmentation Application,Towing Capacity,Turf Type,Seating Capacity,Subscription,Power Output,Propulsion Type.
North America Commercial Turf Utility Vehicle Market was valued at USD 1.41(Revenue in USD Billion) in 2019.
North America Commercial Turf Utility Vehicle Market is projected to grow at a CAGR of 15.43% during the forecast period of 2024 to 2032.
The estimated market value of the North America Commercial Turf Utility Vehicle Market for final year is USD 2.77 (USD Billion).
North America Commercial Turf Utility Vehicle Market Company Profiling
Frequently Asked Questions
The North America Commercial Turf Utility Vehicle Market is segmented based on Segmentation Application,Towing Capacity,Turf Type,Seating Capacity,Subscription,Power Output,Propulsion Type.
North America Commercial Turf Utility Vehicle Market was valued at USD 1.41(Revenue in USD Billion) in 2019.
North America Commercial Turf Utility Vehicle Market is projected to grow at a CAGR of 15.43% during the forecast period of 2024 to 2032.
The estimated market value of the North America Commercial Turf Utility Vehicle Market for final year is USD 2.77 (USD Billion).
CHOOSE LICENCE TYPE
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