Middle East And Africa Commercial Turf Utility Vehicle Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 414.10 Million |
 Market Size (Forecast Year) |
USD 716.84 Million |
 CAGR |
% |
| Major Markets Players |
Middle East and Africa Commercial Turf Utility Vehicle Market, By Propulsion Type (Electric, Gasoline, and Diesel), Power Output (> 8 KW and 8 KW–15 KW), Subscription (New Purchase and Rental), Seating Capacity (2 Seater, More Than 2 Seater), Turf Type (Natural Grass, Artificial), Towing Capacity (Less Than 680 KG, More Than 680 KG), Application (Golf Courses, Hotel and Resorts, Airports, Colleges and Universities, Zoos, Others) – Industry Trends and Forecast to 2030.
Middle East and Africa Commercial Turf Utility Vehicle Market Analysis and Size
The increasing awareness about the benefits of using commercial turf utility vehicles as an eco-friendly transportation option among people represents one of the major factor which is positively influencing the market growth. Furthermore, there is an increasing adoption of 3D printing technology for vehicle customization. The expanding automobile industry worldwide is likely to strengthen the growth of the commercial Turf Utility Vehicle market during the forecast period.
Data Bridge Market Research analyses that the commercial turf utility vehicle market is expected to reach USD 716.84 million by 2030, which is USD 414.10 million in 2022, at a CAGR of 7.10% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Middle East and Africa Commercial Turf Utility Vehicle Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable to 2015- 2020) |
|
Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Propulsion Type (Electric, Gasoline and Diesel), Power Output (> 8 KW and 8 KW–15 KW), Subscription (New Purchase and Rental), Seating Capacity (2 Seater, More Than 2 Seater), Turf Type (Natural Grass, Artificial), Towing Capacity (Less Than 680 KG, More Than 680 KG), Application (Golf Courses, Hotel and Resorts, Airports, Colleges and Universities, Zoos, Others) |
|
Countries Covered |
Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA) |
|
Market Players Covered |
KUBOTA Corporation (Japan), Columbia Vehicle Group Inc. (U.S.), SpeedwaysElectric (India), HDK ELECTRIC VEHICLE (U.S.), Marshell Green Power (China), Star EV Corporation (U.S.), Tropos Motors (U.S.), American Landmaster (U.S.), Garia A/S (Denmark), Ingersoll Rand (U.S.), Bintelli Electric Vehicles (U.S.), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), Moto electric vehicles (U.S.), Textron Inc. (U.S.), Deere & Company (U.S.), Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China), The Toro Company (U.S.), Polaris Inc. (U.S.), Yamaha Motor Co., Ltd. (Japan), among others |
|
Market Opportunities |
|
Market Definition
A commercial turf utility vehicle is generally designed to carry out a specific task. These vehicles are low speed vehicles. Commercial turf utility vehicles such as college campuses, play areas, hotels & resorts, tourism and gated communities are used in turf administration applications. The end-users of commercial turf utility vehicles incorporate sports grounds, such as hockey, cricket, football, rugby, polo and others.
Middle East and Africa Commercial Turf Utility Vehicle Market Dynamics
Drivers
- Increasing usage of commercial turf utility vehicles in hotels and resort
Resorts and hotels are highly using commercial turf utility vehicles to provide service to their guest; this factor is expected to increase the demand for the commercial turf utility vehicle market. These vehicles can be extremely helpful for short but frequent journeys within tourist facilities and make it possible to transfer from both the equipment and the guests with their luggage from one point to another.
- The growing use of commercial turf utility vehicles in golf courses
The increasing demand for golf has augmented the golf courses, increasing the requirement of commercial turf utility vehicle vehicles. These vehicles can easily carry two golfers with their golf clubs around a golf course with less effort than walking. As a result, the demand for the commercial turf utility vehicle increases, further expected to drive the market growth.
Opportunities
- Growing products launches by major market players to get a competitive advantage in the market
The increasing number of product launches by major market players to get a competitive advantage will provide ample growth opportunities for the market growth. For instance, KUBOTA Corporation launched RTV-XG850 Sidekick In August 2018 that travels up to 40 mph speed, as compared to top speed of 29 mph for Kubota's RTV-X series model. The Sidekick comes with a constant variable transmission with a centrifugal clutch. This product launch aided the company to get a competitive advantage in the commercial turf utility vehicle market.
- Increasing demand for electric commercial turf utility vehicle
The electric segment dominates the commercial turf utility vehicle during the forecast period. The demand for the electric commercial turf utility vehicle increases due to growing demand among consumer for pollution-free, zero-emission vehicles. Electric commercial turf utility vehicles with electric motors are more successful in providing a more comfortable ride. This factor is s projected to create lucrative opportunities for market growth.
Restraints/ Challenges
- Increasing regulation associated with off-highway emissions
One major challenge facing the industry in the last few years will be regulations for off-highway emissions. As these regulations begin to impact equipment on golf courses, parks and campus. This may decrease the number of prime movers for commercial turf utility vehicles at recreational and institutional facilities.
- The dearth of availability of airbags in commercial turf utility vehicle
Lack of airbag availability in commercial turf utility vehicles is expected to hamper the market's growth. As a result of this, it is not crash-proof or does not protect the driver and raises the chances of danger of injury to passengers.
This commercial turf utility vehicle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the commercial turf utility vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2020, Club Car launched Versatile Utility Vehicle Carryall 502. The advantages of this versatile utility vehicle carryall 502 are it upsurges visibility due to the lower dashboard and widescreen. This launch helped the Club Car company to strengthen its product category.
- In 2020, Deere and Company acquired Unimil which is the Brazilian aftermarket service parts business with 430 employees approximately. This acquisition aids the company to increasing the advancement of trade, revolutionizing generation frameworks and reshaping the working model in farming.
Commercial Turf Utility Vehicle Market Scope
The commercial turf utility vehicle market is segmented on the basis of propulsion type, power output, application, subscription, seating capacity, turf type and towing capacity. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Propulsion Type
- Electric
- Gasoline
- Diesel
Power Output
- 8 Kw
- 8 Kw–15 Kw
Seating Capacity
- 2 Seater
- More Than 2 Seater
Turf Type
- Natural Grass
- Artificial
- Subscription
- New Purchase
- Rental
Application
- Golf Courses
- Hotel and Resorts
- Airports
- Colleges and Universities
- Zoos
- Others
Towing Capacity
- Less Than 680 Kg
- More Than 680 Kg
Commercial Turf Utility Vehicle Market Regional Analysis/Insights
The commercial turf utility vehicle market is analysed and market size insights and trends are provided by country, propulsion type, power output, application, subscription, seating capacity, turf type and towing capacity as referenced above.
The countries covered in the commercial turf utility vehicle market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
South Africa dominates the commercial turf utility vehicle market. This is attributed to the increasing demand for low-speed vehicle in this region. Furthermore, growing electric vehicle charging infrastructure will further boost the growth of the market in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Turf Utility Vehicle Market Share Analysis
The commercial turf utility vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to commercial turf utility vehicle market.
Some of the major players operating in the commercial turf utility vehicle market are:
- KUBOTA Corporation (Japan)
- Columbia Vehicle Group Inc. (U.S.)
- SpeedwaysElectric (India)
- HDK ELECTRIC VEHICLE (U.S.)
- Marshell Green Power (China)
- Star EV Corporation (U.S.)
- Tropos Motors (U.S.)
- American Landmaster (U.S.)
- Garia A/S (Denmark)
- Ingersoll Rand (U.S.)
- Bintelli Electric Vehicles (U.S.)
- Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China)
- Moto electric vehicles (U.S.)
- Textron Inc. (U.S.),
- Deere & Company (U.S.)
- Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China)
- The Toro Company (U.S.)
- Polaris Inc. (U.S.)
- Yamaha Motor Co., Ltd. (Japan)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
