MIDDLE EAST AND AFRICA ATV AND UTV MARKET 2022-2028
MARKET OUTLOOK
Triton’s report states that the Middle East and Africa ATV and UTV market is estimated to witness value growth at a CAGR of 7.64% during the forecast period 2022-2028. South Africa, Saudi Arabia, the United Arab Emirates, Turkey, and Rest of Middle East & Africa outline the market in this region.
In Rest of Middle East and Africa, Egypt was once considered the most advanced society built along the banks of the Nile River. Presently, the country has evolved to be among the tourist hotspots. While the country is known for its iconic pyramids, the tourism industry offers quad biking experiences and camel riding across the desert. Therefore, the growing quad biking activities have amplified the adoption of these vehicles, in turn, boosting the ATV and UTV market in the country and the region.
Numerous companies are offering quad biking experiences within South Africa. In this regard, the Eastern Cape provides quad biking in the Amatola and Stormberg regions, in addition to the Sundays River Mouth. Further, KwaZulu Natal offers quad bikes in the mountains and valleys, attracting adventure sports enthusiasts. The country also permits quad biking experiences through the Cape White Coast and Breede River Valley. Hence, growing quad biking activities widen the demand for all-terrain vehicles, in turn, generating new opportunities for the South African ATV and UTV market.
COMPETITIVE OUTLOOK
The leading enterprises in the ATV and UTV market are Polaris Industries Inc, Kwang Yang Motor Co Ltd, Yamaha Motor Co Ltd, BRP Inc, Hisun, and Kawasaki Heavy Industries.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook