MEA Utility Terrain Vehicles Market Statistics 2021 | Industry Growth, Share & Regional Forecast To 2025

By Ronak Bora

MEA utility terrain vehicles market is anticipated to observe considerable growth owing to increasing technological advancements and launch of robust, high-performance vehicle segments are anticipated to boost the MEA utility terrain vehicles industry size. UTVs are powerful off-road vehicles that are designed to perform more challenging task and carry heavier loads compares to ATVs. They come with safety features like roll cages, seat beats and windshields that helps protect passengers from roll overs or potential accidents.
Rapid deployment of innovative military UTVs that offer improved transportability and multi mission capabilities will augment industry size. Moreover, increasing military spending will offer new growth opportunities, enhancing MEA utility terrain vehicles market outlook.
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UTV is a motorized vehicle designed to carry out a specific task in off road conditions with more efficacy than a normal passenger vehicle. Growing consumer spending and launch of improved vehicle portfolios will drive industry growth.
Rising spending in off-road trailing activities will drive the MEA utility terrain vehicles market share. Moreover, launch of high-performance UTVs will supplement industry growth. For instance, in 2019, Honda extended its Talon portfolio of side-by side, high-performance UTVs with two new four-seater segments.
The MEA utility terrain vehicles market will garner commendable gains from military applications. UTVs are modular design vehicles that effectively meet the demands of military and international special forces. These lightweight tactical vehicles come in two or four seat variants which are fast and favor agility and durability.
South Africa utility terrain vehicle market will witness steady growth owing to multiple applications of UTV in forestry, landscaping and agriculture activities. Indeed, the agriculture sector of Africa is showing commendable progression owing to increased productivity and rural incomes. The growth can undeniably be attributed to adoption of improved agricultural technologies and use of vehicles like UTV.
With new UTV models being made specifically for farm operations, the South Africa UTV market would witness significant growth over the coming years. Prominent companies have been launching new UTVs in the region, replete with enhanced features like upgraded suspension and higher towing capacity. The region also boasts of the presence of quad biking facilities such as Induna Adventures, Soweto Outdoor Adventures, Clarens Xtreme, Kagga Kamma, and Segwati Quad Trails, that will positively boost the regional utility terrain vehicles market share.
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Partial Chapter of the Table of Content
Chapter 5 MEA Utility Terrain Vehicles Market, By Application
5.1 MEA market share by application, 2018 & 2025
5.2 Utility
5.2.1 Market estimates and forecast from utility, 2013 - 2025, (Units) (USD Million)
5.2.2 Market estimates & forecast from utility, by country, 2013-2025 (Units) (USD Million)
5.3 Sports
5.3.1 Market estimates and forecast from sports, 2013 - 2025, (Units) (USD Million)
5.3.2 Market estimates & forecast from sports, by country, 2013-2025 (Units) (USD Million)
5.4 Recreation
5.4.1 Market estimates and forecast from recreation, 2013 - 2025, (Units) (USD Million)
5.4.2 Market estimates & forecast from recreation, by country, 2013-2025 (Units) (USD Million)
5.5 Military
5.5.1 Market estimates and forecast from military, 2013 - 2025, (Units) (USD Million)
5.5.2 Market estimates & forecast from military, by country, 2013-2025 (Units) (USD Million)
Charts & Figures
FIG. 1    MEA utility terrain vehicles market segmentation
FIG. 2    Industry landscape, volume & revenue (Units) (USD Million), 2013 - 2025
FIG. 3    Industry ecosystem analysis
FIG. 4    Growth potential analysis, 2018
FIG. 5    Porter’s analysis
FIG. 6    PESTLE analysis
FIG. 7    MEA market share by displacement, 2018 & 2025
FIG. 8    MEA market share by application, 2018 & 2025
FIG. 9    MEA utility terrain vehicles market share by country, 2018 & 2025
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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