Report : Middle East and Africa Powersports Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (All-Terrain Vehicles, Side-by-Side, and Motorcycles)
Motorcycles Segment to Dominate MEA Powersports Market during 2020–2028
According to a new market research study on “MEA Powersports Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 2,653.12 million by 2028 from 2,200.33 US$ million in 2021. The market is estimated to grow at a CAGR of 2.7% from 2021 to 2028. The report provides trends prevailing in the MEA powersports market along with the drivers and restraints pertaining to the market growth. Adoption of green energy in powersports vehicles is the major factor driving the growth of the MEA power sports market. However, issues associated with alteration of soil structure and adverse Impact on vegetation hinders the growth of MEA powersports market.
The MEA powersports market is segmented into type and country. Based on type, the market is segmented into all-terrain vehicles, side-by-side, and motorcycles. The motorcycles segment led the market with the largest share in 2020. Based on country, the MEA powersports market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of MEA.
American Honda Motor Company, Inc.; Kawasaki Motors Corp; Polaris Inc.; Suzuki Motor USA; and Yamaha Motor Corporation are among the leading companies in the MEA powersports market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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