The global power sports market is expected to grow from USD 28.00 billion in 2020 to USD 45.65 billion by 2028, at a CAGR of 4.79% during the forecast period 2021-2028.
Racing is an ancient sport, and it has over the years. With the advent of motor cars, people started thinking of sports vehicles. Technology has played a critical part in the development of new age cars over the previous two decades. The global power sports industry has exploded in popularity in recent years, and it is expected to continue to grow in the coming years. The most popular vehicles in X-games are power sports, which are a subset of motorsports. Handlebars are used on power sports vehicles to control balance and rider mounting. Motorcycles, dirt bikes, UTVs, scooters, personal watercraft, ATVs, jet boats, and snowmobiles are examples of power sports products. The work of an engine, in some form or another, is one of the defining characteristics of every power sport. The need for power sports is steadily expanding as their popularity grows. As a result, the power sports market is expected to increase significantly over the anticipated period.
The factors driving the market are increasing private sector investments in the establishment of dedicated recreational and entertainment facilities. Increasing disposable income in countries such as the United States, China, and the United Kingdom will have a beneficial impact on the growth of the power sports market. The factors restraining the market growth are high ownership cost and maintenance costs connected with power sports. Due to their use in harsh environments and on rugged terrains, the power sports vehicles require constant maintenance and repair. The market representation of new power sports cars is being hampered by users' repeated maintenance bills. The collection, integration, and demonstration of business information using a variety of technologies and practises is included in the power sports market value which is expected to provide growth opportunities.
This study delivers a comprehensive analysis of application, type and region. The application segment includes snow, off-road, and on-road. The on-road segment holds the largest market share, as they are motorcycles that are primarily designed for increased acceleration, top speed, and braking, as well as a variety of handling abilities. Lightweight frames, strong engines, completely full-tuck seating, and clip-on handlebars provide an aggressive and defined riding position on these modern motorcycles. The type segment includes all-terrain vehicles, snowmobiles, side-by-side, heavyweight motorcycle and watercraft. The all-terrain vehicles segment held the largest market share, owing to the numerous ATV features, such as straddle seating and handlebar steering, which are contributing to their growing presence of the power sports market.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share, owing to the region's significant increase in leisure and recreational activity participation. The Asia-Pacific region is anticipated to grow lucratively during the forecast period as the government institutions are always moving forward to provide opportunity to the manufacturers. Further, Japan is expected to witness significant growth, owing to the increasing demand for power sports.
Some of the prominent players in the power sports market include Yamaha Motor Co., Ltd., Arctic Cat, Inc., Harley Davidson, Kymco, Polaris Inc., Honda Motor Co., Ltd. Bombardier Recreational Products, Suzuki Motor Corporation, Deere & Company, Kawasaki Motors Corporation, among others
Power Sports Market Analysis and Forecast, Application
Power Sports Market Analysis and Forecast, Type
Power Sports Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing private sector investments in the establishment of dedicated recreational and entertainment facilities
5.2.2. Increasing disposable income in countries such as the United States, China, and the United Kingdom
5.3. Restraints
5.3.1. High ownership and maintenance costs connected with power sports cars
5.4. Opportunities
5.4.1. Collection, integration, and demonstration of business information
6. Global Power Sports Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Snow
6.3. Off-Road
6.4. On-Road
7. Global Power Sports Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. All-Terrain Vehicles
7.3. Snowmobiles
7.4. Side by Side
7.5. Heavyweight Motorcycle
7.6. Watercraft
8. Global Power Sports Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Power Sports Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Power Sports Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Yamaha Motor Co., Ltd.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Arctic Cat, Inc.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Harley Davidson
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Kymco
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Polaris Inc.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Honda Motor Co., Ltd.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Bombardier Recreational Products
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Suzuki Motor Corporation
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Deere & Company
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Kawasaki Motors Corporation
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Power Sports Market, By Application, 2021-2028 (USD Billion)
2. Global Snow, Power Sports Market, By Region, 2021-2028 (USD Billion)
3. Global Off-Road, Power Sports Market, By Region, 2021-2028 (USD Billion)
4. Global On-Road, Power Sports Market, By Region, 2021-2028 (USD Billion)
5. Global Power Sports Market, By Type, 2021-2028 (USD Billion)
6. Global All-Terrain Vehicles, Power Sports Market, By Region, 2021-2028 (USD Billion)
7. Global Snowmobiles, Power Sports Market, By Region, 2021-2028 (USD Billion)
8. Global Side by Side, Power Sports Market, By Region, 2021-2028 (USD Billion)
9. Global Heavyweight Motorcycle, Power Sports Market, By Region, 2021-2028 (USD Billion)
10. Global Watercraft, Power Sports Market, By Region, 2021-2028 (USD Billion)
11. North America Power Sports Market, By Application, 2021-2028 (USD Billion)
12. North America Power Sports Market, By Type, 2021-2028 (USD Billion)
13. U.S. Power Sports Market, By Application, 2021-2028 (USD Billion)
14. U.S. Power Sports Market, By Type, 2021-2028 (USD Billion)
15. Canada Power Sports Market, By Application, 2021-2028 (USD Billion)
16. Canada Power Sports Market, By Type, 2021-2028 (USD Billion)
17. Mexico Power Sports Market, By Application, 2021-2028 (USD Billion)
18. Mexico Power Sports Market, By Type, 2021-2028 (USD Billion)
19. Europe Power Sports Market, By Application, 2021-2028 (USD Billion)
20. Europe Power Sports Market, By Type, 2021-2028 (USD Billion)
21. Germany Power Sports Market, By Application, 2021-2028 (USD Billion)
22. Germany Power Sports Market, By Type, 2021-2028 (USD Billion)
23. France Power Sports Market, By Application, 2021-2028 (USD Billion)
24. France Power Sports Market, By Type, 2021-2028 (USD Billion)
25. U.K. Power Sports Market, By Application, 2021-2028 (USD Billion)
26. U.K. Power Sports Market, By Type, 2021-2028 (USD Billion)
27. Italy Power Sports Market, By Application, 2021-2028 (USD Billion)
28. Italy Power Sports Market, By Type, 2021-2028 (USD Billion)
29. Spain Power Sports Market, By Application, 2021-2028 (USD Billion)
30. Spain Power Sports Market, By Type, 2021-2028 (USD Billion)
31. Asia Pacific Power Sports Market, By Application, 2021-2028 (USD Billion)
32. Asia Pacific Power Sports Market, By Type, 2021-2028 (USD Billion)
33. Japan Power Sports Market, By Application, 2021-2028 (USD Billion)
34. Japan Power Sports Market, By Type, 2021-2028 (USD Billion)
35. China Power Sports Market, By Application, 2021-2028 (USD Billion)
36. China Power Sports Market, By Type, 2021-2028 (USD Billion)
37. India Power Sports Market, By Application, 2021-2028 (USD Billion)
38. India Power Sports Market, By Type, 2021-2028 (USD Billion)
39. South America Power Sports Market, By Application, 2021-2028 (USD Billion)
40. South America Power Sports Market, By Type, 2021-2028 (USD Billion)
41. Brazil Power Sports Market, By Application, 2021-2028 (USD Billion)
42. Brazil Power Sports Market, By Type, 2021-2028 (USD Billion)
43. Middle East and Africa Power Sports Market, By Application, 2021-2028 (USD Billion)
44. Middle East and Africa Power Sports Market, By Type, 2021-2028 (USD Billion)
45. UAE Power Sports Market, By Application, 2021-2028 (USD Billion)
46. UAE Power Sports Market, By Type, 2021-2028 (USD Billion)
47. South Africa Power Sports Market, By Application, 2021-2028 (USD Billion)
48. South Africa Power Sports Market, By Type, 2021-2028 (USD Billion)
List of Figures
1. Global Power Sports Market Segmentation
2. Global Power Sports Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Power Sports Market Attractiveness Analysis By Application
9. Global Power Sports Market Attractiveness Analysis By Type
10. Global Power Sports Market Attractiveness Analysis By Region
11. Global Power Sports Market: Dynamics
12. Global Power Sports Market Share by Application (2021 & 2028)
13. Global Power Sports Market Share by Type (2021 & 2028)
14. Global Power Sports Market Share by Regions (2021 & 2028)
15. Global Power Sports Market Share by Company (2020)
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