Global Powersports Market Size study & Forecast, by Vehicle Type (All-Terrain Vehicle (ATV), Side-by-Side Vehicle, Personal Watercraft, Snowmobiles, Heavyweight Motorcycle), by Application (On-Road, Off-Road) and Regional Analysis, 2022-2029

PUBLISHED: April 24, 2023

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Global Powersports Market is valued at approximately USD XX Billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Power Sports is a subcategory of motorsports. Powersport vehicles are high-performance vehicles designed for off-road and on-road use. They are built to endure extreme operating conditions such as shock/vibration, debris, and other environmental hazards. The development of automobiles with increased performance has prompted industry participants to make considerable investments. Powersports vehicles include side-by-side vehicles (SxS), dirt bikes, all-terrain vehicles (ATVs), snowmobiles, motorcyclists, powerboats, and personal watercraft. It is commonly used in outdoor leisure facilities such as trails, theme parks, and wilderness areas. The Powersports Market is expanding because of factors such as rising demand for convenient and cost-effective motorcycles, increased emphasis on R&D and investments, and product innovation.

According to the Specialty Equipment Market Association (SEMA), in 2019, almost 82% of powersports vehicle buyers want to plan or buy accessories for their vehicle within three months of purchase. These vehicles are utilized for a variety of tasks across a variety of terrains. According to industry expert Steve Shankin, accessory spending per vehicle has risen by 50% to 60% in the last two years. As a result, the growing quantity of product accessories will contribute to higher profitability for OEMs, favorably influencing the expansion of the powersports market. Also, the growing popularity of recreational activities to relieve stress and the rising adoption of ATVs will provide lucrative growth opportunities for the market during the forecast period. However, the environmental consequences and safety concerns hamper market growth during the forecast period of 2022-2029.

The key regions considered for the Global Powersports Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of a large number of major producers. Furthermore, the growing number of recreational clubs will boost market growth in this area.. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to the region's increasing population. Furthermore, rising R&D investment is expected to fuel the growth of the power sports market in this area.

Major market players included in this report are:

Polaris Inc. (Minnesota, U.S.)
Textron Inc. (Rhode Island, U.S.)
Arctic Cat Inc. (Minnesota, U.S.)
Honda Motor Co., Ltd. (Tokyo, Japan)
BRP (Quebec, Canada)
Harley Davidson (Wisconsin, U.S.)
Kawasaki Heavy Industries, Ltd. (Tokyo, Japan)
KYMCO (Kaohsiung City, Taiwan)
Suzuki Motor Corporation (Shizuoka, Japan)
Yamaha Motor Co., Ltd. (Shizuoka, Japan)

Recent Developments in the Market:

In July 2020, Polaris Inc. launched RideReady, an industry-first on-demand digital service platform. This new RideReady digital strategy intends to leverage digital technology and solutions to provide industry-leading capabilities that break down barriers to establishing affinity, ownership, and loyalty with existing customers. RideReady connects power sports dealers and owners with Indian Motorcycle for easy online scheduling of service appointments.

Global Powersports Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Vehicle Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Vehicle Type:

All-Terrain Vehicle (ATV)
Side-by-Side Vehicle
Personal Watercraft
Snowmobiles
Heavyweight Motorcycle

By Application:

On-Road
Off-Road

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Powersports Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Powersports Market, by Vehicle Type, 2019-2029 (USD Billion)
- 1.2.3. Powersports Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Powersports Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Powersports Market Dynamics

3.1. Powersports Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising demand for convenient and cost-effective motorcycles
  - 3.1.1.2. Increased emphasis on R&D investments and product innovation
- 3.1.2. Market Challenges
  - 3.1.2.1. Environmental Consequences and Safety Concerns
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing popularity of recreational activities to relieve stress
  - 3.1.3.2. Rising Adoption of ATVs

Chapter 4. Global Powersports Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Powersports Market, by Vehicle Type

6.1. Market Snapshot
6.2. Global Powersports Market by Vehicle Type, Performance - Potential Analysis
6.3. Global Powersports Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
6.4. Powersports Market, Sub Segment Analysis
- 6.4.1. All-Terrain Vehicle (ATV)
- 6.4.2. Side-by-Side Vehicle
- 6.4.3. Personal Watercraft
- 6.4.4. Snowmobiles
- 6.4.5. Heavyweight Motorcycle

Chapter 7. Global Powersports Market, by Application

7.1. Market Snapshot
7.2. Global Powersports Market by Application, Performance - Potential Analysis
7.3. Global Powersports Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Powersports Market, Sub Segment Analysis
- 7.4.1. On-Road
- 7.4.2. Off-Road

Global Powersports Market, Regional Analysis

7.5. Powersports Market, Regional Market Snapshot
7.6. North America Powersports Market
- 7.6.1. U.S. Powersports Market
  - 7.6.1.1. Vehicle Type breakdown estimates & forecasts, 2019-2029
  - 7.6.1.2. Application breakdown estimates & forecasts, 2019-2029
- 7.6.2. Canada Powersports Market
7.7. Europe Powersports Market Snapshot
- 7.7.1. U.K. Powersports Market
- 7.7.2. Germany Powersports Market
- 7.7.3. France Powersports Market
- 7.7.4. Spain Powersports Market
- 7.7.5. Italy Powersports Market
- 7.7.6. Rest of Europe Powersports Market
7.8. Asia-Pacific Powersports Market Snapshot
- 7.8.1. China Powersports Market
- 7.8.2. India Powersports Market
- 7.8.3. Japan Powersports Market
- 7.8.4. Australia Powersports Market
- 7.8.5. South Korea Powersports Market
- 7.8.6. Rest of Asia Pacific Powersports Market
7.9. Latin America Powersports Market Snapshot
- 7.9.1. Brazil Powersports Market
- 7.9.2. Mexico Powersports Market
- 7.9.3. Rest of Latin America Powersports Market
7.10. Rest of The World Powersports Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Company Profiles
- 8.2.1. Polaris Inc. (Minnesota, U.S.)
  - 8.2.1.1. Key Information
  - 8.2.1.2. Overview
  - 8.2.1.3. Financial (Subject to Data Availability)
  - 8.2.1.4. Product Summary
  - 8.2.1.5. Recent Developments
- 8.2.2. Textron Inc. (Rhode Island, U.S.)
- 8.2.3. Arctic Cat Inc. (Minnesota, U.S.)
- 8.2.4. Honda Motor Co., Ltd. (Tokyo, Japan)
- 8.2.5. BRP (Quebec, Canada)
- 8.2.6. Harley Davidson (Wisconsin, U.S.)
- 8.2.7. Kawasaki Heavy Industries, Ltd. (Tokyo, Japan)
- 8.2.8. KYMCO (Kaohsiung City, Taiwan)
- 8.2.9. Suzuki Motor Corporation (Shizuoka, Japan)
- 8.2.10. Yamaha Motor Co., Ltd. (Shizuoka, Japan)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Powersports Market, report scope
TABLE 2. Global Powersports Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Powersports Market estimates & forecasts by Vehicle Type 2019-2029 (USD Billion)
TABLE 4. Global Powersports Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 5. Global Powersports Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Powersports Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Powersports Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Powersports Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Powersports Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Powersports Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Powersports Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Powersports Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Powersports Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Powersports Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Powersports Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Powersports Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Powersports Market
TABLE 70. List of primary sources, used in the study of global Powersports Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered