MEA Utility Terrain Vehicles Market to Record Heightened Growth Opportunities During the Forecast Period 2026
Category: #business  By Rahul Varpe  Date: 2021-03-26
  • share
  • Twitter
  • Facebook
  • LinkedIn

MEA Utility Terrain Vehicles Market to Record Heightened Growth Opportunities During the Forecast Period 2026

MEA utility terrain vehicles (UTV) market has garnered remarkable momentum owing to the growing popularity of side-by-side all-terrain vehicles in applications such as forestry, sports, highway engineering, and agriculture. A UTV not only offers off-road abilities but can also be to haul equipment and supplies in places where making use of truck becomes impractical or impossible. UTVs have particularly experienced massive demand from sports and utility segments, with increasing number of sporting events worldwide and consistent deployment in agricultural environments.

Agriculture has been a major economic driver across the African region, while simultaneously meeting the growing food requirement in the Middle East, where Egypt, Jordan and Saudi Arabia have substantial farming footprint. UTVs allow farmers to easily carry tools and equipment as well as labor to and from the farming sites. Besides, disc harrows, aerators, cult packers and other equipment can be attached to UTVs for earth digging and other operations. Consistent demand for food and other products derived from farming will sustain agricultural activates in the region, presenting a promising revenue source for MEA Utility Terrain Vehicles Market.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/3415

As increasing number of developments in vehicle manufacturing and technologies emerge, MEA UTV industry is poised to witness numerous advancements as well. The off-road sports application segment has been one of the notable components of the industry. Market leaders and regional contenders alike are leveraging the endless opportunities to customize and develop new sports UTVs, paving way for challenging racers. By making available powerful and reliable products for powersport, manufactures will generate considerable popularity for UTVs among riders and outdoor enthusiasts, fueling MEA UTV industry expansion.

Agriculture accounts for more than 32% of the gross domestic product of Africa, but a significant portion of the region struggles to find proper infrastructure to maintain productivity. It has been observed that various companies in the agricultural sector headquartered in developed countries are investing heavily in Africa, into technology adoption and other important areas. Highly maneuverable with large load-carrying capacities, UTVs have surged into the forefront of farming activities. Enhancing farming activities to provide more convenient means of operations could involve buying efficient vehicles, propelling demand for MEA Utility Terrain Vehicles Market.

Over the past few years, it has been observed that there is considerable risk of injury and death associated with UTVs. To address these risks, regulatory authorities like Roads & Transport Authority (RTA) of Dubai, Department of Transport South Africa (DoT) aim to ensure the highest level of safety for UTV users by introducing vehicle safety norms. The implementation of regulations regarding licensing of UTVs to maintain safety of environment and people is slated to promote players in the MEA UTV industry to shift their focus toward product advancements.

Specific to forest services, the overall UTV industry is gaining significant momentum worldwide, and MEA region is one of the key contributors towards this increase. Vehicle manufactures have been giving more importance to engine reliability, towing performance, and cargo capacity of latest UTVs to strengthen consumer base. The adoption of off-road vehicles throughout forest trails and for tourism activities will reinforce the competitive outlook of MEA Utility Terrain Vehicles Market. Reportedly, more than 21% of the total land area Africa is forested, indicating the significant potential for deployment of suitable UTV products in the region.

Request for Discount @ https://www.decresearch.com/request-discount/3415

Growing applications fueled by developments in the field of sports, agriculture, and forestry along with the emergence of the advanced components like intelligent suspension systems will further advance MEA utility terrain vehicles industry scope. Yamaha Motors, Honda Motors, Polaris Industries, Kubota Corp and Kawasaki SA are some of the key players comprising the competitive hierarchy in the region. Global Market Insights, Inc. has projected that MEA utility terrain vehicles market will exceed annual revenues of more than $465 million by 2025.

Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Research methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Definitions & forecast parameters

1.1.4.1 Definitions

1.1.4.2 Forecast parameters & considerations

1.2 Data sources

1.2.1 Paid sources

1.2.2 Secondary

1.2.3 Primary

Chapter 2 MEA Utility Terrain Vehicles Market Summary

2.1 MEA Utility Terrain Vehicle market industry 3600 synopsis, 2013 - 2025

2.1.1 Business trends

2.1.2 Displacement trends

2.1.3 Application trends

2.1.4 Country trends

Chapter 3 MEA Utility Terrain Vehicles Market Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013- 2025

3.3 Industry ecosystem analysis

3.3.1 Component suppliers

3.3.2 Manufacturers

3.3.3 Profit margin analysis

3.3.4 Distribution channel analysis

3.3.4.1 Dealers

3.3.4.2 End-users

3.3.4.3 Aftermarket

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/mea-utility-terrain-vehicles-market

About Author

Rahul Varpe    

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More>>

More News By Rahul Varpe

E-Bike Market 2027: Emerging Technologies, Regional Growth Analysis, Competitive Landscape
E-Bike Market 2027: Emerging Technologies, Regional Growth Analysis, Competitive Landscape
By Rahul Varpe

Tentatively called ‘Global E-Bike Market Research Report’, the report having undertaken ...

Automotive Acoustic Materials Market: Regional Trends, Top Key Players and Growth Forecasts to 2027
Automotive Acoustic Materials Market: Regional Trends, Top Key Players and Growth Forecasts to 2027
By Rahul Varpe

The Automotive Acoustic Materials market is a detailed analysis of the market sphere and provides de...

Float Glass Market 2021 By Industry Trends, Top key players & Regional Forecast
Float Glass Market 2021 By Industry Trends, Top key players & Regional Forecast
By Rahul Varpe

The study titled ‘Global Float Glass Market Research Report’ includes a detailed researc...