Middle East & Africa SUV Market to Surpass $ 46 Billion by 2023
Growing
demand for performance cars, increasing product offerings, rising preference
for off-roading activities and expected entry of several
automakers to drive the Middle East & Africa
SUV market through 2023
According
to TechSci Research report, “Middle East & Africa SUV Market By Length, By Engine Capacity, By Fuel Type, By
Country, Competition Forecast & Opportunities, 2013 – 2023”, the Middle East & Africa SUV market is
projected to reach $ 46.9 billion by 2023, on account of growing per capita
income, technological advancements in SUV and foray of several automakers in
the region. Additionally, growing popularity of SUVs for off-roading sports tournaments
and increasing preference for premium SUVs would positively influence the
region’s SUV market. As SUVs offer enhanced safety, superior comfort, higher
seating position and several other benefits, demand for SUVs in the Middle East
& Africa region is anticipated to keep growing in the coming years.
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Figures spread through 71 Pages and an in-depth TOC on "Middle
East & Africa SUV Market"
https://www.techsciresearch.com/report/middle-east-africa-suv-market/3358.html
Most of the SUVs in the region run on the diesel,
consequently, this fuel segment holds the largest market share. South Africa
dominated the Middle East & Africa SUV market in 2017 and is expected to
continue its market dominance during the forecast period, on the back of huge
population and increasing enthusiasm of South Africans towards SUVs. South Africans prefer SUVs owing to their
numerous benefits such as versatility, extra seating capacity and greater
visibility.
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“Increasing
automakers’ focusing towards adding advanced safety features in SUVs and manufacturing high engine capacity SUVs with
advanced infotainment systems, coupled with growing product offerings
are anticipated to aid the region’s SUV market in the coming years. Rising
consumer demand for performance vehicles
and comfortable ride experience, in addition to increasing popularity of
off-roading recreational activities, would further boost the sales of SUVs in
the Middle East & Africa.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Middle East & Africa SUV Market By Length, By Engine Capacity, By Fuel Type, By
Country, Competition Forecast & Opportunities, 2013 – 2023” has analyzed the potential of SUV market across the region,
and provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the Middle East & Africa SUV market.
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