Growing Tourist Footfall to Fuel MEA All Terrain Vehicle Market through 2023by Anamika Singhal SEO - Executive (Automotive)
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, “ 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"
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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Created on Dec 5th 2018 03:30. Viewed 484 times.