According to TechSci Research report, “Middle East & Africa All-Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023”, all-terrain vehicle market in Middle East & Africa is forecast to reach 590 million by 2023, owing to growing use of all-terrain vehicles (ATVs) for off-roading recreational and sports activities. Increasing demand for ATVs in forestry for carrying objects on uneven and hilly terrain coupled with growing tourist footfall in the Middle East and increasing consumer awareness regarding ATV based adventure activities in some African nations is anticipated to positively influence the region’s all-terrain vehicle market during the forecast period.
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South Africa all-terrain vehicle market is the largest market in the region, backed by growing demand for ATVs from youth and increasing number of off roading sports tournaments across the country. Utility all-terrain vehicles dominated the Middle East & Africa all-terrain vehicle market in 2017 and the trend is anticipated to continue in the coming years as well, owing to wide application of these ATVs due to their heavy load carrying capacity on off terrain hilly areas and swampy plains. Moreover, utility all terrain vehicles have a low cost of ownership as compared to sports ATVs. Thus, their demand is growing at a robust pace across the region.
“With increasing demand for all terrain vehicles in farming and forestry, reducing component manufacturing prices, mounting per capita income and availability of an extensive range of products, the Middle East & Africa all-terrain vehicle market is anticipated to offer lucrative growth opportunities to ATV players. Moreover, entry of several international brands and increasing commercialization of ATVs are likely to aid the market growth in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Browse 44 market data Figures and Tables spread through 69 Pages and an in-depth TOC on “Middle East & Africa All-Terrain Vehicle Market”
“Middle East & Africa All-Terrain Vehicle Market By Product Type, By Application Type, By Country, Competition Forecast & Opportunities, 2013 – 2023” has analyzed the potential of the Middle East & Africa all terrain vehicle market, and provides information and statistics on market structure and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the Middle East & Africa all-terrain vehicle market.