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)

The powersports market in the MEA is expected to grow from US$ 2,200.33 million in 2021 to US$ 2,653.12 million by 2028; it is estimated to grow at a CAGR of 2.7% from 2021 to 2028.

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 Revenue and Forecast to 2028 (US$ Million)

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.

1. American Honda Motor Company, Inc.
2. Kawasaki Motors Corp             
3. Polaris Inc.    
4. Suzuki Motor USA     
5. Yamaha Motor Corporation   

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