January 23, 2020
According to the research report titled ‘MEA Utility Terrain Vehicles Market Size By Displacement (Below 400 cc, 400 - 800 cc, Above 800 cc) By Application (Utility, Sports, Recreation, Military) Industry Analysis Report, Regional Outlook (Saudi Arabia, UAE, South Africa, Qatar, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the Middle East & Africa terrain vehicles market is expected to register substantial growth by the year 2025.
According to the report, rising adoption of utility terrain vehicles in transportation, agriculture, construction, and military applications are major factors driving the Middle East & Africa utility terrain vehicles market growth. Increasing preference for sports and easy availability of various types of UTVs with assorted engine capacities and customization alternatives are further aiding the expansion of the market. There has been an upsurge in the expenditure on recreational activities. This factor coupled with increasing off-road motorsport events are augmenting the demand for utility terrain vehicles across Middle East & Africa region.
Various governments across Middle East & Africa are promoting better safety features for passengers and drivers. Moreover, favorable government regulations pertaining to emission mitigation and availability of roll cages in utility terrain vehicles which offer better driver and passenger safety are stimulating the industry outlook. Technological advancements such as automatic transmission systems and anti-lock braking systems in UTVs are facilitating the business scenario in Middle East & Africa.
As per displacement, the report cites that 400cc-800cc segment is presumed to expand significantly during the estimated timeframe. 400cc-800cc UTVs offer better flexibility and efficiency as compared to their counterparts. Growing demand for such vehicles for goods transportation and forestry applications are contributing towards the popularity of such UTVs across the region.
Based on application spectrum, the report states that military segment is poised to amass commendable gains in the Middle East & Africa utility terrain vehicles industry in the ensuing years. UTVs are not only capable of carrying heavy loads across various terrains but also offer multi-configurable platforms, thereby propelling the segmental growth.
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As per the regional analysis, South Africa utility terrain vehicles market is projected to witness considerable growth in the forthcoming years. Increasing recreational activities such as forest adventures, camping and hunting along with high presence of off-roading facilities are fueling the demand for UTVs in South Africa.
The prominent companies operating in the Middle East & Africa utility terrain vehicles market are Yamaha Motor Co. Ltd., Polaris Industries Inc., Kwang Yang Motor Co. Ltd. (KYMCO), Kubota Corporation, Kawasaki SA, Honda Motor Co. Ltd., HISUN, Deere & Co., CFMOTO, Caterpillar Inc. and BRP Inc.
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