According to a new market research report published by Market Research Future Powersports Market Analysis From 2019 to 2025 by Vehicle Type (All-Terrain Vehicle, Side by Side Vehicle, Personal Watercrafts, Snowmobile, Heavyweight Motorcycle, and Others), Application (On-Road and Off-Road), Model (Stand Up, Sit Down, and Multi Personal), and Region, the global Powersports market accounted to hit the USD 14 billion market value in by 2025 and expected to witness CAGR of 4.5% across the forecast period through 2019 to 2025. Report provides comprehensive information on Global Powersports Market key players, share, Sales, revenue, industry size in terms of volume.
The key players in global Powersports market are Polaris Industries, Inc. (US), Bombardier Recreational Products Inc. (Canada), Arctic Cat Inc. (US), Yamaha Motor Co. Ltd (Japan), Kawasaki Heavy Industries, Ltd (Japan), Textron Inc. (US), Harley-Davidson, Inc. (US), Honda Motor Company, Ltd (Japan), John Deere (US), and Suzuki Motor Corporation (Japan).
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The global powersports market is predicted to have a significant growth at an impressive CAGR over the estimated years (2017-2027). Powersports is a subset of motorsports that uses handlebars for controlling the movement when a rider mounts on the vehicle. It includes personal watercraft, powerboats, snowmobiles, all-terrain vehicles and side-by-side vehicles. Power sports products have been specially designed for resisting common environmental hazards namely high operating temperatures, shock, vibration, debris, dirt and moisture. It is defined and distinguished from the remaining based on the utilization of the engine.
Powersports are a rapidly emerging category of motorsports. As per the report published by Market Research Future (MRFR), the global powersports market is set to expand demonstrate a 4.5% CAGR during the projection period (2018–2025). The market is expected to reach a valuation of USD 14 Bn by the end of forecast period.
Demand of powersports vehicles such as scooters, ATVs, personal watercraft, snowmobiles, motorcycles, jet boats, UTVs, and dirt bikes. The increasing popularity of the recreational motor sport has reflected favourably on the global powersports market. Powersport infrastructure all over the world is improving owing to increased interest and participation. Individuals, especially millennials are showing tremendous interest towards off-road recreational activities. Factors such as changing lifestyle and evolving approaches towards the way of leaving are influencing the global powersports market.
There are plentiful factors that is boosting the growth of the powersports market. These factors as per the Market Research Future (MRFR) report include increasing investments on power sports products, growing replacement need for boats, increasing urban population, constant global economic development, increasing consumer spending, major trends and developments, more and more youngsters showing inclination towards recreational boating, and growing off-shore road leisure activities. The additional factors that are propelling the market growth include increasing inclination of youths towards water sports and trail sports, accelerating economic growth, development of international markets, increasing disposable income and per capita GDP, increasing presence of snowmobile and ATV clubs, events and promotional campaigns. On the contrary, unfavorable weather conditions, environmental issues, increasing price fluctuation of products, high ownership cost, increased carbon emissions and rising facilities due to inadequate safety training and ignorance of safety tools are factors that may deter the powersports market growth.
Regional Market Insights:
Based on region, the market has been segmented into Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, North America and Latin America. Asia Pacific (APAC) has emerged as the largest market for powersports. The market in APAC is witnessing a rapid growth owing to expanding consumer base in countries like India and China and increased inclination towards motorsports. Powersports is fast growing sporting activity in APAC, which is prompting market players to shift their focus toward the region.
APAC is followed Europe and North America respectively. In Europe, the popularity of the sports is growing rapidly in countries such France, Germany, Italy, Netherlands and the U.K. The growing demand for off-road UTVs is likely to create attractive growth opportunities for market players operating in the region. North America is expected to remain a significant market for powersports over the next several years. The region is home to some of top-notch powersports vehicle manufacturers, which includes Arctic Cats and Harley Davidson. Moreover, presence of superior recreation facilities across Canada and the U.S. remain major market driver in North America.
Market Segments Analysis:
MRFR report provides an extensive segmental analysis of the powersports market based on terrains and models.
Based on terrains, it is segmented into side by side and all-terrain vehicles. Of these, side by side vehicles will have the largest share in the market over the estimated years.
Based on models, the powersports market is segmented into multi personal, sit down and stand up models.
Table Of Contents:
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Powersports Market, By Vehicle Type
5.2. All-Terrain Vehicle
5.2.1. Market Estimates & Forecast, 2018–2025
5.2.2. Market Estimates & Forecast, By Region, 2018–2025
5.3. Powertrain Cooling
5.3.1. Market Estimates & Forecast, 2018–2025
5.3.2. Market Estimates & Forecast, By Region, 2018–2025
5.4. Side By Side Vehicle
5.4.1. Market Estimates & Forecast, 2018–2025
5.4.2. Market Estimates & Forecast, By Region, 2018–2025
5.5. Personal Watercrafts
5.5.1. Market Estimates & Forecast, 2018–2025
5.5.2. Market Estimates & Forecast, By Region, 2018–2025
5.6.1. Market Estimates & Forecast, 2018–2025
5.6.2. Market Estimates & Forecast, By Region, 2018–2025
5.7. Heavyweight Motorcycle
5.7.1. Market Estimates & Forecast, 2018–2025
5.7.2. Market Estimates & Forecast, By Region, 2018–2025
5.8.1. Market Estimates & Forecast, 2018–2025
5.8.2. Market Estimates & Forecast, By Region, 2018–2025
6. Global Powersports Market, By Application
6.2.1. Market Estimates & Forecast, 2018–2025
6.2.2. Market Estimates & Forecast, By Region, 2018–2025
6.3.1. Market Estimates & Forecast, 2018–2025
6.3.2. Market Estimates & Forecast, By Region, 2018–2025
7. Global Powersports Market, By Model
7.2. Stand Up
7.2.1. Market Estimates & Forecast, 2018–2025
7.2.2. Market Estimates & Forecast, By Region, 2018–2025
7.3. Sit Down
7.3.1. Market Estimates & Forecast, 2018–2025
7.3.2. Market Estimates & Forecast, By Region, 2018–2025
7.4. Multi Personal
7.4.1. Market Estimates & Forecast, 2018–2025
7.4.2. Market Estimates & Forecast, By Region, 2018–2025
8. Global Powersports Market, By Region
Browse more details at: Powersports Market Size Share Data Report
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