Asia Pacific Power Sports Market Size, Share & Trends Analysis Report By Application (Off-Road, and On-Road), By Propulsion (Gasoline, Electric, and Diesel), By Vehicle Type, By Country and Growth Forecast, 2023

Description

List of Tables

The Asia Pacific Power Sports Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 46.7 Quintal, showcasing a growth of 2% (2019-2022).

The China market dominated the Asia Pacific Power Sports Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,164.7 million by 2030. The Japan market is registering a CAGR of 7.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.5% during (2023 - 2030).

Snowmobiles are indispensable vehicles for winter enthusiasts seeking to explore snowy landscapes, access remote areas, and enjoy recreational activities such as snowmobiling, ice fishing, and backcountry skiing. With their powerful engines and rugged construction, snowmobiles provide unmatched performance and agility in snow-covered terrain. In addition, ATVs and UTVs are essential tools for farmers, ranchers, and agricultural workers, facilitating tasks such as herding livestock, transporting equipment and supplies, and maintaining rural properties. These vehicles offer versatility, reliability, and off-road capabilities, allowing operators to navigate challenging terrain and maximize productivity.

Additionally, specialized off-road vehicles such as tracked ATVs and side-by-side utility vehicles are used in forestry and land management operations to conduct surveys, monitor wildlife, and perform timber harvesting activities. These vehicles provide access to remote forested areas and rugged terrain, enabling workers to perform essential conservation and management tasks. Likewise, search and rescue teams and emergency responders utilize ATVs, UTVs, and off-road motorcycles to access remote or inaccessible areas during rescue missions, natural disasters, and wilderness emergencies. These vehicles provide mobility, agility, and off-road capabilities to navigate challenging terrain and conduct search and rescue operations effectively.

With the rise in outdoor recreation in China, there may be an increased demand for rental services and tour packages, including sports activities. Tour operators and adventure companies can capitalize on this trend by offering experiences tailored to outdoor enthusiasts. Furthermore, tourism in Australia boosts supporting services for the market, including maintenance and repair facilities, accessories and gear retailers, and training programs for tourists interested in participating in sports activities safely. According to the Australian Bureau of Statistics, there were 103,500 overseas trips estimated in June 2021. In January 2024, short-term visitor arrivals reached 603,770, reflecting a yearly increase of 191,360 trips, while total arrivals for the same period amounted to 2,122,070, showing an annual rise of 514,060 trips. Hence, rising outdoor activities and increasing regional tourism propel the market's growth.

Based on Application, the market is segmented into Off-Road, and On-Road. Based on Propulsion, the market is segmented into Gasoline, Electric, and Diesel. Based on Vehicle Type, the market is segmented into All-terrain Vehicles, Side By Side Vehicles, Personal Watercrafts, Heavy Weight Motorcycles, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

Yamaha Motor Co., Ltd.
Zhejiang CFMoto Power Co., Ltd.
Bombardier Recreational Products (BRP) Inc.
Kawasaki Heavy Industries, Ltd.
Textron, Inc.
Polaris, Inc.
Suzuki Motor Corporation
Honda Motor Co. Ltd.
KTM AG (PIERER Mobility AG)
Volkswagen AG

Asia Pacific Power Sports Market Report Segmentation

By Application

Off-Road
On-Road

By Propulsion

Gasoline
Electric
Diesel

By Vehicle Type

All-terrain Vehicles
Side By Side Vehicles
Personal Watercrafts
Heavy Weight Motorcycles
Others

By Country

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Power Sports Market, by Application
- 1.4.2Asia Pacific Power Sports Market, by Propulsion
- 1.4.3Asia Pacific Power Sports Market, by Vehicle Type
- 1.4.4Asia Pacific Power Sports Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges

Chapter 4.Competition Analysis - Global

4.1KBV Cardinal Matrix
4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2Key Strategic Move: (Product Launches and Product Expansions: 2022, Jan - 2024, Feb) Leading Players
4.4Porter's Five Forces Analysis

Chapter 5.Asia Pacific Power Sports Market by Application

5.1Asia Pacific Off-Road Market by Country
5.2Asia Pacific On-Road Market by Country

Chapter 6.Asia Pacific Power Sports Market by Propulsion

6.1Asia Pacific Gasoline Market by Country
6.2Asia Pacific Electric Market by Country
6.3Asia Pacific Diesel Market by Country

Chapter 7.Asia Pacific Power Sports Market by Vehicle Type

7.1Asia Pacific All-terrain Vehicles Market by Country
7.2Asia Pacific Side By Side Vehicles Market by Country
7.3Asia Pacific Personal Watercrafts Market by Country
7.4Asia Pacific Heavy Weight Motorcycles Market by Country
7.5Asia Pacific Others Market by Country

Chapter 8.Asia Pacific Power Sports Market by Country

8.1China Power Sports Market
- 8.1.1China Power Sports Market by Application
- 8.1.2China Power Sports Market by Propulsion
- 8.1.3China Power Sports Market by Vehicle Type
8.2Japan Power Sports Market
- 8.2.1Japan Power Sports Market by Application
- 8.2.2Japan Power Sports Market by Propulsion
- 8.2.3Japan Power Sports Market by Vehicle Type
8.3India Power Sports Market
- 8.3.1India Power Sports Market by Application
- 8.3.2India Power Sports Market by Propulsion
- 8.3.3India Power Sports Market by Vehicle Type
8.4South Korea Power Sports Market
- 8.4.1South Korea Power Sports Market by Application
- 8.4.2South Korea Power Sports Market by Propulsion
- 8.4.3South Korea Power Sports Market by Vehicle Type
8.5Australia Power Sports Market
- 8.5.1Australia Power Sports Market by Application
- 8.5.2Australia Power Sports Market by Propulsion
- 8.5.3Australia Power Sports Market by Vehicle Type
8.6Malaysia Power Sports Market
- 8.6.1Malaysia Power Sports Market by Application
- 8.6.2Malaysia Power Sports Market by Propulsion
- 8.6.3Malaysia Power Sports Market by Vehicle Type
8.7Rest of Asia Pacific Power Sports Market
- 8.7.1Rest of Asia Pacific Power Sports Market by Application
- 8.7.2Rest of Asia Pacific Power Sports Market by Propulsion
- 8.7.3Rest of Asia Pacific Power Sports Market by Vehicle Type

Chapter 9.Company Profiles

9.1Yamaha Motor Co., Ltd.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5Recent strategies and developments:
  - 9.1.5.1Product Launches and Product Expansions:
- 9.1.6SWOT Analysis
9.2Zhejiang CFMoto Power Co., Ltd.
- 9.2.1Company Overview
- 9.2.2Recent strategies and developments:
  - 9.2.2.1Partnerships, Collaborations, and Agreements:
  - 9.2.2.2Product Launches and Product Expansions:
  - 9.2.2.3Acquisition and Mergers:
- 9.2.3SWOT Analysis
9.3Bombardier Recreational Products (BRP) Inc.
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Regional Analysis
- 9.3.4Recent strategies and developments:
  - 9.3.4.1Product Launches and Product Expansions:
  - 9.3.4.2Acquisition and Mergers:
- 9.3.5SWOT Analysis
9.4Kawasaki Heavy Industries, Ltd.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
  - 9.4.5.1Product Launches and Product Expansions:
- 9.4.6SWOT Analysis
9.5Textron, Inc.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expenses
- 9.5.5SWOT Analysis
9.6Polaris, Inc.
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
  - 9.6.5.1Partnerships, Collaborations, and Agreements:
  - 9.6.5.2Product Launches and Product Expansions:
- 9.6.6SWOT Analysis
9.7Suzuki Motor Corporation
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expenses
- 9.7.5Recent strategies and developments:
  - 9.7.5.1Product Launches and Product Expansions:
  - 9.7.5.2Acquisition and Mergers:
- 9.7.6SWOT Analysis
9.8Honda Motor Co. Ltd.
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expense
- 9.8.5Recent strategies and developments:
  - 9.8.5.1Product Launches and Product Expansions:
- 9.8.6SWOT Analysis
9.9KTM AG (PIERER Mobility AG)
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expenses
- 9.9.5Recent strategies and developments:
  - 9.9.5.1Product Launches and Product Expansions:
- 9.9.6SWOT Analysis
9.10.Volkswagen AG
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5Recent strategies and developments:
  - 9.10.5.1Product Launches and Product Expansions:
- 9.10.6SWOT Analysis

LIST OF TABLES

TABLE 1Asia Pacific Power Sports Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Power Sports Market, 2023 - 2030, USD Million
TABLE 3Partnerships, Collaborations and Agreements- Power Sports Market
TABLE 4Product Launches And Product Expansions- Power Sports Market
TABLE 5Acquisition and Mergers- Power Sports Market
TABLE 6Asia Pacific Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 7Asia Pacific Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 8Asia Pacific Off-Road Market by Country, 2019 - 2022, USD Million
TABLE 9Asia Pacific Off-Road Market by Country, 2023 - 2030, USD Million
TABLE 10Asia Pacific On-Road Market by Country, 2019 - 2022, USD Million
TABLE 11Asia Pacific On-Road Market by Country, 2023 - 2030, USD Million
TABLE 12Asia Pacific Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 13Asia Pacific Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 14Asia Pacific Gasoline Market by Country, 2019 - 2022, USD Million
TABLE 15Asia Pacific Gasoline Market by Country, 2023 - 2030, USD Million
TABLE 16Asia Pacific Electric Market by Country, 2019 - 2022, USD Million
TABLE 17Asia Pacific Electric Market by Country, 2023 - 2030, USD Million
TABLE 18Asia Pacific Diesel Market by Country, 2019 - 2022, USD Million
TABLE 19Asia Pacific Diesel Market by Country, 2023 - 2030, USD Million
TABLE 20Asia Pacific Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 21Asia Pacific Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 22Asia Pacific All-terrain Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 23Asia Pacific All-terrain Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 24Asia Pacific Side By Side Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 25Asia Pacific Side By Side Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 26Asia Pacific Personal Watercrafts Market by Country, 2019 - 2022, USD Million
TABLE 27Asia Pacific Personal Watercrafts Market by Country, 2023 - 2030, USD Million
TABLE 28Asia Pacific Heavy Weight Motorcycles Market by Country, 2019 - 2022, USD Million
TABLE 29Asia Pacific Heavy Weight Motorcycles Market by Country, 2023 - 2030, USD Million
TABLE 30Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 31Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 32Asia Pacific Power Sports Market by Country, 2019 - 2022, USD Million
TABLE 33Asia Pacific Power Sports Market by Country, 2023 - 2030, USD Million
TABLE 34China Power Sports Market, 2019 - 2022, USD Million
TABLE 35China Power Sports Market, 2023 - 2030, USD Million
TABLE 36China Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 37China Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 38China Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 39China Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 40China Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 41China Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 42Japan Power Sports Market, 2019 - 2022, USD Million
TABLE 43Japan Power Sports Market, 2023 - 2030, USD Million
TABLE 44Japan Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 45Japan Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 46Japan Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 47Japan Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 48Japan Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 49Japan Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 50India Power Sports Market, 2019 - 2022, USD Million
TABLE 51India Power Sports Market, 2023 - 2030, USD Million
TABLE 52India Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 53India Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 54India Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 55India Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 56India Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 57India Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 58South Korea Power Sports Market, 2019 - 2022, USD Million
TABLE 59South Korea Power Sports Market, 2023 - 2030, USD Million
TABLE 60South Korea Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 61South Korea Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 62South Korea Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 63South Korea Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 64South Korea Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 65South Korea Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 66Australia Power Sports Market, 2019 - 2022, USD Million
TABLE 67Australia Power Sports Market, 2023 - 2030, USD Million
TABLE 68Australia Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 69Australia Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 70Australia Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 71Australia Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 72Australia Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 73Australia Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 74Malaysia Power Sports Market, 2019 - 2022, USD Million
TABLE 75Malaysia Power Sports Market, 2023 - 2030, USD Million
TABLE 76Malaysia Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 77Malaysia Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 78Malaysia Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 79Malaysia Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 80Malaysia Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 81Malaysia Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 82Rest of Asia Pacific Power Sports Market, 2019 - 2022, USD Million
TABLE 83Rest of Asia Pacific Power Sports Market, 2023 - 2030, USD Million
TABLE 84Rest of Asia Pacific Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 85Rest of Asia Pacific Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 86Rest of Asia Pacific Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 87Rest of Asia Pacific Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 88Rest of Asia Pacific Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 89Rest of Asia Pacific Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 90Key Information - Yamaha Motor Co., Ltd.
TABLE 91Key information - Zhejiang CFMoto Power Co., Ltd.
TABLE 92Key Information - Bombardier recreational products (brp) inc.
TABLE 93Key Information - Kawasaki Heavy Industries, Ltd.
TABLE 94Key Information - Textron, Inc.
TABLE 95Key information - Polaris, Inc.
TABLE 96Key information - Suzuki Motor Corporation
TABLE 97key Information - Honda Motor Co. Ltd.
TABLE 98Key Information - KTM AG
TABLE 99key Information - Volkswagen AG

Asia Pacific Power Sports Market Size, Share & Trends Analysis Report By Application (Off-Road, and On-Road), By Propulsion (Gasoline, Electric, and Diesel), By Vehicle Type, By Country and Growth Forecast, 2023 - 2030