MEA Utility Terrain Vehicles Market to grow at 6.5% CAGR till 2025

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Global MEA Utility Terrain Vehicles Market to
cross 465 Mn by 2025 Global Market Insights Inc.
https//www.gminsights.com/assets/img/mea-utility-
terrain-vehicles-utv-market-pressrelease.png
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Industry Overview

• MEA Utility Terrain Vehicles Market size is
  estimated to surpass USD 465 million by 2025
  according to a new research report by Global
  Market Insights, Inc.Growing demand of side by
  side vehicles in applications including
  agriculture, forestry and goods transportation
  will boost the MEA utility terrain vehicles (UTV)
  market penetration. The vehicles offer multiple
  benefits such as compact size to work in small
  and remote space and superior towing capacity.
  The availability of wide range of power and
  torque capacity along with several distributors
  in region will support the industry growth.
  Further, enhanced vehicle capacity and low
  maintenance of vehicles minimizes overall
  ownership costs.
• Above 800 cc segment leads the MEA utility
  terrain vehicles market size owing to its
  increasing demand in sports and utility
  activities. Growing off-road racing competitions
  across the globe is driving the segment growth.
  The sports event requires higher displacement
  engines for enhanced power and greater torque to
  gain competitive advantages. Shifting trend from
  circuit racing to desert races will significantly
  influence MEA UTV market share over projected
  timeframe.
• Utility segment will witness steady growth in the
  MEA utility terrain vehicles market share owing
  to its multiple applications in forestry,
  landscaping and agriculture activities.
  Increasing demand for supplies transport, plowing
  fields and managing livestock are escalating the
  product demand. Proven off-road durability, along
  with comfortable cabin will proliferate the
  segment penetration.

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• South Africa will register significant share in
  the MEA utility terrain vehicles (UTV) market
  owing to changing preferences to recreational
  activities including camping, hunting and forest
  adventures. Rising inclination of farmers and
  homeowners towards UTV for daily living will
  influence the market growth. Presence of quad
  biking facilities including Clarens Xtreme,
  Induna Adventures, Segwati Quad Trails, Soweto
  Outdoor Adventures and Kagga Kamma will
  positively support the industry share. Moreover,
  regional organizations engaged in arranging
  outdoor sport events will further enhance the
  volume demand in the study timeline.
• Rising spending in off-road trailing activities
  will to drive the MEA UTV market demand. The
  increasing number of adventure clubs and parks is
  proliferating the demand for utility vehicles.
  For instance, Amaury Sport, organizes annual
  Dakar Rally event for off-road events. Such
  events are expected to showcase significant
  growth potential over the coming years.

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Browse Full Market Research Report Of MEA
Utility Terrain Vehicles Market _at_
http//bit.ly/322SjOZ Request for a Sample
of this Research report _at_ http//bit.ly/2YsNeNv
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Saudi Arabia Utility Terrain Vehicles Market, By
Application, 2018 2025, (USD Million)

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MEA Utility Terrain Vehicles Market, By
Displacement

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• Key industry players of the marketplace include
  Polaris Industries, Bombardier Recreational
  Products (BRP), Kawasaki SA, Yamaha Motors, Honda
  Motors, and Kubota Corporation. Industry
  participants are expanding the product portfolio
  to support rescue operations and enhance its
  regional presence. For instance, in 2018, Polaris
  Industries launched new equipment line-up for
  Ranger side by side vehicles for fire rescue,
  and law enforcement operations.
• Saudi Arabia holds significant share in the MEA
  utility terrain vehicles market size owing to
  rising infrastructure development coupled with
  proliferating foreign investments. Several
  championships and racing events organized in
  Saudi Arabia under the direction of the Saudi
  Entertainment Authority (GEA) are attracting the
  sports enthusiasts. Further, increasing
  government funding and supportive initiatives
  targeted towards enhancement of recreational
  infrastructure will support the market size over
  the study timeframe.

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