Growing Tourist Footfall to Fuel MEA All Terrain Vehicle Market through 2023
Growing tourism,
technological developments and increasing consumer awareness about adventure
activities such as off-roading to drive Middle East & Africa all terrain
vehicle market through 2023
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.
Browse 44 market data Figures and Tables spread through 69
Pages and an in-depth TOC on “Middle East & Africa All Terrain
Vehicle Market"
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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.
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“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.
“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.
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