| Product Code: ETC4641059 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of electric all-terrain vehicles and utility-terrain vehicles in Cyprus have seen significant growth with a remarkable CAGR of 50.97% from 2020 to 2024. However, the market experienced a sharp decline in growth rate from 2023 to 2024 at -50.83%. The top exporting countries to Cyprus in 2024 were Belgium, South Korea, Sweden, UK, and Netherlands, indicating a diverse source of supply. Despite the high Herfindahl-Hirschman Index (HHI) reflecting market concentration, the market is dynamic and evolving, presenting opportunities for further expansion and competition.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Industry Life Cycle |
3.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Porter's Five Forces |
3.5 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.6 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Drivetrain Type, 2021 & 2031F |
3.8 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Engine Size, 2021 & 2031F |
3.9 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.10 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.11 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Number of wheels, 2021 & 2031F |
4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainability and environmental conservation |
4.2.2 Rising demand for recreational and adventure activities |
4.2.3 Government initiatives promoting cleaner modes of transportation |
4.3 Market Restraints |
4.3.1 High initial cost of electric all-terrain and utility-terrain vehicles |
4.3.2 Limited charging infrastructure in remote areas |
4.3.3 Concerns regarding battery life and durability |
5 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Trends |
6 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Segmentations |
6.1 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Professional Sports, 2021-2031F |
6.1.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Recreational, 2021-2031F |
6.1.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Agriculture and Utility, 2021-2031F |
6.1.5 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Military and Defense, 2021-2031F |
6.1.6 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By All-terrain Vehicle, 2021-2031F |
6.2.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Utility-terrain Vehicle, 2021-2031F |
6.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Drivetrain Type |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Two-wheel Drive, 2021-2031F |
6.3.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Four-wheel Drive, 2021-2031F |
6.3.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By All-wheel Drive, 2021-2031F |
6.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Engine Size |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Less than 400 CC, 2021-2031F |
6.4.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By 400 CC to 800 CC, 2021-2031F |
6.4.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By More than 800 CC, 2021-2031F |
6.5 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Battery Capacity |
6.5.1 Overview and Analysis |
6.5.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Up to 48V, 2021-2031F |
6.5.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By 48V to 72V, 2021-2031F |
6.5.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By More than 72V, 2021-2031F |
6.6 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Propulsion Type |
6.6.1 Overview and Analysis |
6.6.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By BEV, 2021-2031F |
6.6.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By PHEV, 2021-2031F |
6.6.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By HEV, 2021-2031F |
6.7 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Number of wheels |
6.7.1 Overview and Analysis |
6.7.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Four-wheeled, 2021-2031F |
6.7.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By More than four-wheeled, 2021-2031F |
6.8 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Seating Capacity |
6.8.1 Overview and Analysis |
6.8.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By One-seater, 2021-2031F |
6.8.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Two-seater, 2021-2031F |
7 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Import-Export Trade Statistics |
7.1 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Export to Major Countries |
7.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Imports from Major Countries |
8 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Key Performance Indicators |
8.1 Average distance traveled per charge |
8.2 Number of charging stations per 100 square kilometers |
8.3 Growth in number of eco-tourism activities using electric ATVs and UTVs |
9 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Opportunity Assessment |
9.1 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Drivetrain Type, 2021 & 2031F |
9.4 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Engine Size, 2021 & 2031F |
9.5 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.6 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.7 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Number of wheels, 2021 & 2031F |
9.7 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Seating Capacity, 2021 & 2031F |
10 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Competitive Landscape |
10.1 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |