Market by Vehicle Type, Displacement, Propulsion, Battery Capacity, End-user, and Country Outlook | Forecast 2024-2032
According to Triton Market Research’s report, the Middle East and Africa electric ATV and UTV market is anticipated to progress with a compound annual growth rate of 11.32% over the forecast years 2024-2032.
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The countries studied in this region include:
• United Arab Emirates
• Turkey
• Saudi
Arabia
• South
Africa
• Rest
of the Middle East & Africa
The electric ATV and UTV market in the Middle East and Africa
have witnessed significant growth, primarily driven by their widespread
applications in tourism, agriculture, and military operations. However, this
progress has been confined to a select group of affluent nations, including
Dubai and Qatar. Nevertheless, the surge in tourism, coupled with an increased
demand for ATVs in agricultural and industrial sectors, is anticipated to
propel market expansion.
Moreover, the anticipated introduction of new models and brands,
alongside technological advancements, is expected to have a positive impact on
the electric ATV and UTV market in the region.
The United Arab Emirates (UAE) dominates with a major share in the region’s
market. Exploring the desert on a quad bike stands as one
of the most popular off-road pursuits in the UAE. These vehicles, meticulously
supervised, find extensive utility in the desert terrain. As a result, numerous
enterprises extend off-road biking experiences to individuals within the nation.
This surge in off-road biking is expected to create novel opportunities for
players in the electric ATV and UTV market.
Hybrid electric ATVs and UTVs represent a category
of vehicles that integrate an internal combustion engine alongside one or more
battery-electric propulsion systems for functionality. The incorporation of an
electric powertrain in these hybrid bikes results in enhanced performance compared
to traditional internal combustion engine (ICE) counterparts. Additionally,
these vehicles can harness regenerative braking, a mechanism that efficiently
captures and redirects the energy released during deceleration or braking to
recharge the vehicle’s battery power source. This dual system optimizes energy
utilization and contributes to the overall efficiency and sustainability of
hybrid electric ATVs and UTVs.
The market’s growth is
determined based on propulsion, end-user, displacement, vehicle type, and
battery capacity. The propulsion segment is bifurcated into
hybrid and battery electric.
The major companies in the market include DRR USA, Suzuki Motors Corporation, Kawasaki
Heavy Industries Ltd, and Hisun Motors Corporation USA.
DRR USA is a prominent manufacturer of
all-terrain vehicles (ATVs), specializing in both electric and gas-powered
models. Offering a diverse range of products, the company caters to various age
groups with its extensive lineup, encompassing electric ATVs, utility task
vehicles (UTVs), gas ATVs, and dirt bikes. Among its electric ATV offerings is
the EV Adventure, equipped with a robust 5kW electric motor. This model has a range
of up to 50 miles and attains a maximum speed of 40mph.
KEY
DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the electric
ATV and UTV
market revenue growth in the Middle East and Africa and its influence on the
parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Middle
East and Africa electric ATV and UTV market’s growth during the upcoming
years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ELECTRIC ATV AND UTV MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF SUPPLIERS
2.2.4. BARGAINING
POWER OF BUYERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY
BUYING IMPACT ANALYSIS
2.4. KEY
MARKET STRATEGIES
2.4.1. CONTRACTS
AND PARTNERSHIPS
2.4.2. BUSINESS
EXPANSION AND DIVESTITURE
2.4.3. NEW
PRODUCT LAUNCHES
2.4.4. ACQUISITION
2.5. MARKET
DRIVERS
2.5.1. LOWER
NOISE EMISSIONS FROM ELECTRIC ATVS AND UTVS
2.5.2. GROWING
ENVIRONMENTAL CONCERNS EXPECTED TO FUEL ELECTRIC VARIANTS DEMAND
2.6. MARKET
CHALLENGES
2.6.1. VEHICLE
RANGE AND BATTERY WEIGHT CONCERN
2.6.2. HIGH
PURCHASE COST
2.7. ANALYST
PERSPECTIVE
3. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET – BY VEHICLE TYPE
3.1. ATV
3.2. UTV
4. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET - BY DISPLACEMENT
4.1. ≤
400 (CC)
4.2. 400-800(CC)
4.3. ≥
800 (CC)
5. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET - BY PROPULSION
5.1. BATTERY
ELECTRIC
5.2. HYBRID
6. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET - BY BATTERY CAPACITY
6.1. UP
TO 48V
6.2. 48V
TO 72V
6.3. ABOVE
72V
7. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET - BY END-USER
7.1. RECREATIONAL
7.2. SPORTS
7.3. AGRICULTURE
& UTILITY
7.4. MILITARY
& DEFENSE
7.5. OTHER
END-USERS
8. MIDDLE
EAST AND AFRICA ELECTRIC ATV AND UTV MARKET – BY COUNTRY OUTLOOK
8.1. UNITED
ARAB EMIRATES
8.2. TURKEY
8.3. SAUDI
ARABIA
8.4. SOUTH
AFRICA
8.5. REST
OF MIDDLE EAST & AFRICA
9. COMPETITIVE
LANDSCAPE
9.1. BRP
INC
9.1.1. OVERVIEW
9.1.2. PRODUCT
PORTFOLIO
9.1.3. STRENGTHS
9.1.4. CHALLENGE
9.2. CFMOTO
9.2.1. OVERVIEW
9.2.2. PRODUCT
PORTFOLIO
9.2.3. STRENGTHS
9.2.4. CHALLENGE
9.3. DEERE
AND COMPANY
9.3.1. OVERVIEW
9.3.2. PRODUCT
PORTFOLIO
9.3.3. STRENGTHS
9.3.4. CHALLENGE
9.4. HISUN
MOTORS CORPORATION USA
9.4.1. OVERVIEW
9.4.2. PRODUCT
PORTFOLIO
9.4.3. STRENGTHS
9.4.4. CHALLENGE
9.5. HONDA
MOTOR COMPANY LTD
9.5.1. OVERVIEW
9.5.2. PRODUCT
PORTFOLIO
9.5.3. STRENGTHS
9.5.4. CHALLENGE
9.6. KAWASAKI
HEAVY INDUSTRIES LTD
9.6.1. OVERVIEW
9.6.2. PRODUCT
PORTFOLIO
9.6.3. STRENGTHS
9.6.4. CHALLENGE
9.7. POLARIS
INC
9.7.1. OVERVIEW
9.7.2. PRODUCT
PORTFOLIO
9.7.3. STRENGTHS
9.7.4. CHALLENGE
9.8. SUZUKI
MOTORS CORPORATION
9.8.1. OVERVIEW
9.8.2. PRODUCT
PORTFOLIO
9.8.3. STRENGTHS
9.8.4. CHALLENGE
9.9. TEXTRON
INC (ARTIC CAT)
9.9.1. OVERVIEW
9.9.2. PRODUCT
PORTFOLIO
9.9.3. STRENGTHS
9.9.4. CHALLENGE
9.10. YAMAHA
MOTOR CO LTD
9.10.1. OVERVIEW
9.10.2. PRODUCT
PORTFOLIO
9.10.3. STRENGTHS
9.10.4. CHALLENGE
9.11. DRR
USA
9.11.1. OVERVIEW
9.11.2. PRODUCT
PORTFOLIO
10. RESEARCH
METHODOLOGY & SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.1.1. OBJECTIVES
OF STUDY
10.1.2. SCOPE
OF STUDY
10.2. SOURCES
OF DATA
10.2.1. PRIMARY
DATA SOURCES
10.2.2. SECONDARY
DATA SOURCES
10.3. RESEARCH
METHODOLOGY
10.3.1. EVALUATION
OF THE PROPOSED MARKET
10.3.2. IDENTIFICATION
OF DATA SOURCES
10.3.3. ASSESSMENT
OF MARKET DETERMINANTS
10.3.4. DATA
COLLECTION
10.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: MIDDLE EAST AND AFRICA
ELECTRIC ATV AND UTV MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF CONTRACTS AND PARTNERSHIPS
TABLE 3: LIST OF BUSINESS
EXPANSION AND DIVESTITURE
TABLE 4: LIST OF NEW PRODUCT
LAUNCHES
TABLE 5: MIDDLE EAST AND AFRICA
ELECTRIC ATV AND UTV MARKET, BY VEHICLE TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND AFRICA
ELECTRIC ATV AND UTV MARKET, BY DISPLACEMENT, 2024-2032 (IN $ MILLION)
TABLE 7: MIDDLE EAST AND AFRICA
ELECTRIC ATV AND UTV MARKET, BY PROPULSION, 2024-2032 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND AFRICA
ELECTRIC ATV AND UTV MARKET, BY BATTERY CAPACITY, 2024-2032 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND AFRICA
ELECTRIC ATV AND UTV MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: KEY BUYING IMPACT ANALYSIS
FIGURE 3: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY VEHICLE
TYPE, 2023 & 2032 (IN %)
FIGURE 4: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY ATV,
2024-2032 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY UTV,
2024-2032 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
DISPLACEMENT, 2023 & 2032
FIGURE 7: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY ≤ 400
(CC), 2024-2032 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
400-800(CC), 2024-2032 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY ≥ 800
(CC), 2024-2032 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
PROPULSION, 2023 & 2032 (IN %)
FIGURE 11: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY BATTERY
ELECTRIC, 2024-2032 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY HYBRID,
2024-2032 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY BATTERY
CAPACITY, 2023 & 2032 (IN %)
FIGURE 14: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY UP TO
48V, 2024-2032 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY 48V TO
72V, 2024-2032 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY ABOVE
72V, 2024-2032 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
END-USER, 2023 & 2032 (IN %)
FIGURE 18: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
RECREATIONAL, 2024-2032 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY SPORTS,
2024-2032 (IN $ MILLION)
FIGURE 20: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
AGRICULTURE & UTILITY, 2024-2032 (IN $ MILLION)
FIGURE 21: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY
MILITARY & DEFENSE, 2024-2032 (IN $ MILLION)
FIGURE 22: MIDDLE EAST AND AFRICA ELECTRIC ATV AND UTV MARKET, BY OTHER
END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 23: UNITED ARAB EMIRATES ELECTRIC ATV AND UTV MARKET 2024-2032 (IN
$ MILLION)
FIGURE 24: TURKEY ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $ MILLION)
FIGURE 25: SAUDI ARABIA ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $
MILLION)
FIGURE 26: SOUTH AFRICA ELECTRIC ATV AND UTV MARKET 2024-2032 (IN $
MILLION)
FIGURE 27: REST OF MIDDLE EAST & AFRICA ELECTRIC ATV AND UTV MARKET
2024-2032 (IN $ MILLION)