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PUBLISHER: KBV Research | PRODUCT CODE: 1462098
PUBLISHER: KBV Research | PRODUCT CODE: 1462098
LAMEA 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
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The Latin America, Middle East and Africa Power Sports Market would witness market growth of 8.6% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Power Sports Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $846.9 million by 2030. The Argentina market is showcasing a CAGR of 9.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.2% during (2023 - 2030).
The market is subject to various trends that shape consumer preferences, drive innovation, and influence the industry's trajectory. These trends reflect evolving societal values, technological advancements, and emerging market dynamics. One of the most significant trends in the market is the adoption of electric power trains. Automakers are investing in electric vehicles, including electric motorbikes, UTVs, ATVs, and personal watercraft, as worries over carbon emissions and environmental sustainability increase.
Furthermore, with the rise of urbanization and city congestion, there's a growing demand for urban mobility solutions that offer alternatives to traditional transportation modes. Sports vehicles such as electric scooters, e-bikes, and compact motorcycles are emerging as popular choices for urban commuters seeking efficient, agile, and eco-friendly transportation options. Manufacturers are developing urban-oriented vehicles with compact designs, electric powertrains, and advanced connectivity features to address the needs of urban riders.
As tourism in Saudi Arabia grows, there will be a higher demand for recreational activities and attractions. Sports such as off-road driving, desert safaris, ATV tours, and jet skiing can become popular for tourists seeking adventure and excitement. According to the International Trade Administration (ITA), on the tourism front, Saudi Arabia plans to welcome over 100 million visitors annually by 2030. The Ministry of Tourism declared in October 2021 that it will invest $1 trillion in the industry over the following ten years. Therefore, the increasing tourism sector in the region is propelling 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1LAMEA Power Sports Market, by Application
- 1.4.2LAMEA Power Sports Market, by Propulsion
- 1.4.3LAMEA Power Sports Market, by Vehicle Type
- 1.4.4LAMEA 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
- 3.1.1Overview
- 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.LAMEA Power Sports Market by Application
- 5.1LAMEA Off-Road Market by Country
- 5.2LAMEA On-Road Market by Country
Chapter 6.LAMEA Power Sports Market by Propulsion
- 6.1LAMEA Gasoline Market by Country
- 6.2LAMEA Electric Market by Country
- 6.3LAMEA Diesel Market by Country
Chapter 7.LAMEA Power Sports Market by Vehicle Type
- 7.1LAMEA All-terrain Vehicles Market by Country
- 7.2LAMEA Side By Side Vehicles Market by Country
- 7.3LAMEA Personal Watercrafts Market by Country
- 7.4LAMEA Heavy Weight Motorcycles Market by Country
- 7.5LAMEA Others Market by Country
Chapter 8.LAMEA Power Sports Market by Country
- 8.1Brazil Power Sports Market
- 8.1.1Brazil Power Sports Market by Application
- 8.1.2Brazil Power Sports Market by Propulsion
- 8.1.3Brazil Power Sports Market by Vehicle Type
- 8.2Argentina Power Sports Market
- 8.2.1Argentina Power Sports Market by Application
- 8.2.2Argentina Power Sports Market by Propulsion
- 8.2.3Argentina Power Sports Market by Vehicle Type
- 8.3UAE Power Sports Market
- 8.3.1UAE Power Sports Market by Application
- 8.3.2UAE Power Sports Market by Propulsion
- 8.3.3UAE Power Sports Market by Vehicle Type
- 8.4Saudi Arabia Power Sports Market
- 8.4.1Saudi Arabia Power Sports Market by Application
- 8.4.2Saudi Arabia Power Sports Market by Propulsion
- 8.4.3Saudi Arabia Power Sports Market by Vehicle Type
- 8.5South Africa Power Sports Market
- 8.5.1South Africa Power Sports Market by Application
- 8.5.2South Africa Power Sports Market by Propulsion
- 8.5.3South Africa Power Sports Market by Vehicle Type
- 8.6Nigeria Power Sports Market
- 8.6.1Nigeria Power Sports Market by Application
- 8.6.2Nigeria Power Sports Market by Propulsion
- 8.6.3Nigeria Power Sports Market by Vehicle Type
- 8.7Rest of LAMEA Power Sports Market
- 8.7.1Rest of LAMEA Power Sports Market by Application
- 8.7.2Rest of LAMEA Power Sports Market by Propulsion
- 8.7.3Rest of LAMEA 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 1LAMEA Power Sports Market, 2019 - 2022, USD Million
- TABLE 2LAMEA 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 6LAMEA Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 7LAMEA Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 8LAMEA Off-Road Market by Country, 2019 - 2022, USD Million
- TABLE 9LAMEA Off-Road Market by Country, 2023 - 2030, USD Million
- TABLE 10LAMEA On-Road Market by Country, 2019 - 2022, USD Million
- TABLE 11LAMEA On-Road Market by Country, 2023 - 2030, USD Million
- TABLE 12LAMEA Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 13LAMEA Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 14LAMEA Gasoline Market by Country, 2019 - 2022, USD Million
- TABLE 15LAMEA Gasoline Market by Country, 2023 - 2030, USD Million
- TABLE 16LAMEA Electric Market by Country, 2019 - 2022, USD Million
- TABLE 17LAMEA Electric Market by Country, 2023 - 2030, USD Million
- TABLE 18LAMEA Diesel Market by Country, 2019 - 2022, USD Million
- TABLE 19LAMEA Diesel Market by Country, 2023 - 2030, USD Million
- TABLE 20LAMEA Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 21LAMEA Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 22LAMEA All-terrain Vehicles Market by Country, 2019 - 2022, USD Million
- TABLE 23LAMEA All-terrain Vehicles Market by Country, 2023 - 2030, USD Million
- TABLE 24LAMEA Side By Side Vehicles Market by Country, 2019 - 2022, USD Million
- TABLE 25LAMEA Side By Side Vehicles Market by Country, 2023 - 2030, USD Million
- TABLE 26LAMEA Personal Watercrafts Market by Country, 2019 - 2022, USD Million
- TABLE 27LAMEA Personal Watercrafts Market by Country, 2023 - 2030, USD Million
- TABLE 28LAMEA Heavy Weight Motorcycles Market by Country, 2019 - 2022, USD Million
- TABLE 29LAMEA Heavy Weight Motorcycles Market by Country, 2023 - 2030, USD Million
- TABLE 30LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 31LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 32LAMEA Power Sports Market by Country, 2019 - 2022, USD Million
- TABLE 33LAMEA Power Sports Market by Country, 2023 - 2030, USD Million
- TABLE 34Brazil Power Sports Market, 2019 - 2022, USD Million
- TABLE 35Brazil Power Sports Market, 2023 - 2030, USD Million
- TABLE 36Brazil Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 37Brazil Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 38Brazil Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 39Brazil Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 40Brazil Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 41Brazil Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 42Argentina Power Sports Market, 2019 - 2022, USD Million
- TABLE 43Argentina Power Sports Market, 2023 - 2030, USD Million
- TABLE 44Argentina Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 45Argentina Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 46Argentina Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 47Argentina Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 48Argentina Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 49Argentina Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 50UAE Power Sports Market, 2019 - 2022, USD Million
- TABLE 51UAE Power Sports Market, 2023 - 2030, USD Million
- TABLE 52UAE Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 53UAE Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 54UAE Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 55UAE Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 56UAE Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 57UAE Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 58Saudi Arabia Power Sports Market, 2019 - 2022, USD Million
- TABLE 59Saudi Arabia Power Sports Market, 2023 - 2030, USD Million
- TABLE 60Saudi Arabia Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 61Saudi Arabia Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 62Saudi Arabia Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 63Saudi Arabia Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 64Saudi Arabia Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 65Saudi Arabia Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 66South Africa Power Sports Market, 2019 - 2022, USD Million
- TABLE 67South Africa Power Sports Market, 2023 - 2030, USD Million
- TABLE 68South Africa Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 69South Africa Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 70South Africa Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 71South Africa Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 72South Africa Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 73South Africa Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 74Nigeria Power Sports Market, 2019 - 2022, USD Million
- TABLE 75Nigeria Power Sports Market, 2023 - 2030, USD Million
- TABLE 76Nigeria Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 77Nigeria Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 78Nigeria Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 79Nigeria Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 80Nigeria Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 81Nigeria Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 82Rest of LAMEA Power Sports Market, 2019 - 2022, USD Million
- TABLE 83Rest of LAMEA Power Sports Market, 2023 - 2030, USD Million
- TABLE 84Rest of LAMEA Power Sports Market by Application, 2019 - 2022, USD Million
- TABLE 85Rest of LAMEA Power Sports Market by Application, 2023 - 2030, USD Million
- TABLE 86Rest of LAMEA Power Sports Market by Propulsion, 2019 - 2022, USD Million
- TABLE 87Rest of LAMEA Power Sports Market by Propulsion, 2023 - 2030, USD Million
- TABLE 88Rest of LAMEA Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 89Rest of LAMEA 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
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