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MEA Utility Terrain Vehicles Market Share

Report ID: GMI3415
Published Date: Jun 2019
Report Format: PDF

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MEA Utility Terrain Vehicles Market Share

Major participants in UTV market include

Polaris Industries Inc
Kubota Corporation
Yamaha Motor
John Deere
Kawasaki Motors
Honda Motors
Bombardier Recreational Products

Industry players are striving to provide high quality products at cost effective prices through advanced manufacturing techniques. They are focusing to serve large customer base by expanding the distribution networks. Diversification of product portfolio and expansion of business operations are significantly contributing towards increasing revenue generation capabilities, driving the market size.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of MEA utility terrain vehicles was valued at over USD 870 million in 2018.

The industry share of MEA utility terrain vehicles is estimated to exhibit around 6.5% CAGR from 2019 to 2025.

Need for vehicular features like improved stability and high torque as well as surging demand for UTVs offering larger storage and multiple seating configurations are supporting the demand for 400cc-800cc UTVs.

The defense sector of MEA is significantly leveraging UTVs to offer better transportability and multi-mission capabilities across rough terrains.

Robust economic growth and surging spending on recreational activities are driving UAE industry size.

Companies such as Yamaha Motor, John Deere, Polaris Industries Inc, Kubota Corporation, and Bombardier Recreational Products are delivering superior quality UTVs in MEA at cost-effective price through innovative manufacturing techniques.