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MEA Utility Terrain Vehicles Market to showcase significant growth via military applications

Author : Rahul Varpe | Published Date : 2019-08-06 

The MEA utility terrain vehicle 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.

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 MEA utility terrain vehicle market growth. Reports from Global Market Insights, Inc., estimates MEA utility terrain vehicles market to exceed USD 465 million by 2025.

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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 vehicle market outlook.

Agriculture has been a major economic driver across the African region, while simultaneously meeting the growing food requirement in the Middle East, where Egypt, Jordan and Saudi Arabia have substantial farming footprint. UTVs allow farmers to easily carry tools and equipment as well as labor to and from the farming sites. Besides, disc harrows, aerators, cultipackers and other equipment can be attached to UTVs for earth digging and other operations. Consistent demand for food and other products derived from farming will sustain agricultural activates in the region, presenting a promising revenue source for MEA utility terrain vehicle market.

As increasing number of developments in vehicle manufacturing and technologies emerge, MEA UTV industry is poised to witness numerous advancements as well. The off-road sports application segment has been one of the notable components of the industry. Market leaders and regional contenders alike are leveraging the endless opportunities to customize and develop new sports UTVs, paving way for challenging racers. By making available powerful and reliable products for powersport, manufactures will generate considerable popularity for UTVs among riders and outdoor enthusiasts, fueling MEA utility terrain vehicle market expansion.

Agriculture accounts for more than 32% of the gross domestic product of Africa, but a significant portion of the region struggles to find proper infrastructure to maintain productivity. It has been observed that various companies in the agricultural sector headquartered in developed countries are investing heavily in Africa, into technology adoption and other important areas. Highly maneuverable with large load-carrying capacities, UTVs have surged into the forefront of farming activities. Enhancing farming activities to provide more convenient means of operations could involve buying efficient vehicles, propelling demand for MEA UTV market.

Saudi Arabia market holds a significant share in the MEA utility terrain vehicles industry owing to rising application in recreational activities and racing events in the region. Several UTV championships are organized in Saudi Arabia under the General Entertainment Authority (GEA) which has attracted sports enthusiasts across the globe.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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