UTV (Utility Task Vehicles) Market Size, Share, Growth Analysis, By Vehicle Type(Sports UTVs, Load Carrier UTVs and Multipurpose UTVs), By Fuel Type(Gasoline, Diesel, and Electric), By Engine Capacity(less than 400 cc, 400-800 cc, and above 800 cc), By Region - Industry Forecast 2024-2031

In March 2024, Stellantis introduces MyTasks, a pioneering tool designed for fleet managers. This innovative solution enables real-time communication, task assignment, and status updates with drivers directly through the vehicle’s built-in infotainment unit. MyTasks offers advantages for both drivers and fleet managers. Drivers can stay focused on the road without the need to handle a mobile phone, minimizing distractions. Meanwhile, managers can improve efficiency and safety without requiring aftermarket accessories.

In January 2024, IEA-PVPS unveiled a groundbreaking tool tailored for the evaluation of Building-Integrated Photovoltaics (BIPV). As the BIPV market continues to advance, there arises a need for a comprehensive evaluation method. Developed by IEA-PVPS Task 15, this cross-sectional evaluation tool is specifically designed for architects, developers, and other stakeholders engaged in BIPV projects. By systematically addressing economic, energy-related, environmental, and visual performance aspects, this methodology offers a reliable framework for comparing and optimizing BIPV installations.

In January 2024, KV Capital’s Private Equity team announced the acquisition of UTV Canada Inc. (UTV Canada), a leading distributor and retailer of all-terrain vehicles (ATVs) and utility task vehicles (UTVs) parts and accessories in Canada. This acquisition will result in the merger of UTV Canada with Mountain Sports Distribution (MSD), a full-service powersports distributor that became part of the KV Capital Fund II portfolio in 2023.

In May 2023, Capgemini and IBM Ecosystem announced a deepening of their partnership to enhance Drone-as-a-Service offerings.