Presentation is loading. Please wait.

Presentation is loading. Please wait.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global MEA Utility Terrain Vehicles Market to cross $465 Mn by 2025: Global.

Similar presentations


Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global MEA Utility Terrain Vehicles Market to cross $465 Mn by 2025: Global."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com 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

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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. MEA Utility Terrain Vehicles Market  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. Industry Overview

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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. Continue…

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report Of MEA Utility Terrain Vehicles Market @ http://bit.ly/322SjOZhttp://bit.ly/322SjOZ Request for a Sample of this Research report @ http://bit.ly/2YsNeNv http://bit.ly/2YsNeNv

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Saudi Arabia Utility Terrain Vehicles Market, By Application, 2018 & 2025, (USD Million)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com MEA Utility Terrain Vehicles Market, By Displacement

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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. Continue…

8 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.comwww.gminsights.com Social Media:


Download ppt "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global MEA Utility Terrain Vehicles Market to cross $465 Mn by 2025: Global."

Similar presentations


Ads by Google