The early acceptance of the Blink Charging Co.'s Level 2 AC charging stations has been paving the way for electrically driven motorbikes and other recreational vehicles in the MEA. Dealerships, repair shops, and alternative fueling stations are more likely to supply a power source for charging bigger cars faster and more effectively through well-planned and constructed charging stations. Electric bikes are currently being built with an engine on the wheel. Such modifications in the engine position will reduce the overall vehicle weight and allow more power generation with less effort, which indicates the significant potential for the future generation of ecologically responsible powersports. Segway, a company well-known for its stand-up personal mobility vehicles, launched a series of environmentally friendly powersports vehicles in 2020. Its new product lineup includes two side-by-side vehicles and at least one ATV. Although these cars will start as hybrids, Segway intends to transition to all-electric vehicles in the future. Thus, electric-powered recreational vehicles are likely to emerge as future trends in the powersports market in the MEA.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA powersports market at a notable CAGR during the forecast period
MEA Powersports Market Segmentation
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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,200.33 Million |
| Market Size by 2028 | US$ 2,653.12 Million |
| CAGR (2021 - 2028) | 2.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Powersports Market is valued at US$ 2,200.33 Million in 2021, it is projected to reach US$ 2,653.12 Million by 2028.
As per our report Middle East and Africa Powersports Market, the market size is valued at US$ 2,200.33 Million in 2021, projecting it to reach US$ 2,653.12 Million by 2028. This translates to a CAGR of approximately 2.7% during the forecast period.
The Middle East and Africa Powersports Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Powersports Market report:
The Middle East and Africa Powersports Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Powersports Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Powersports Market value chain can benefit from the information contained in a comprehensive market report.
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