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According to the latest research, the global Power Sports market size was valued at USD 34212.26 million in 2022 and is expected to expand at a CAGR of 4.81% during the forecast period, reaching USD 45359.51 million by 2028.
Power Sports are a subset of the generalized category motorsports. Power Sports vehicles refers to All Terrain Vehicle (ATV), Side by Side Vehicle (SxS), Personal Watercraft, Heavyweight Motorcycle, Snowmobile. One of the defining features of any Power Sport is the use of an engine, in one form or another. Other defining features of Power Sport vehicles include the use of handlebars to control movement and the mounting of the rider "on" the machine, exposed to the elements.
Assessment of the Overall Impact of COVID-19 on the Industry
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Power Sports industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Market Development Constraints
Factors hindering industry growth include high cost of ownership and maintenance related to power sports vehicles. These vehicles need frequent maintenance and repair because they are used in extreme environmental conditions and rugged terrain. They are exposed to high temperature and water, which leads to the wear of key components such as engine and hull. Repeated maintenance costs caused by users hinder the market representation of new power sports vehicles. However, entertainment clubs with affordable power sports rental options.
After the maximum emission reduction required by California came into effect in 2004, the vast majority of new Personal Watercraft sold in the United States met the lower emission standards set by California. In some areas, such as Lake Tahoe, outboard engines and Personal Watercraft are allowed if they meet the requirements of 2006 EPA or California Air Resources Board (CARB) 2001 regulations. The maximum noise limit of snowmobiles and accessories market has been stipulated by law. For instance, in Quebec (Canada) noise levels must be 78 decibels or less at 20 meters from a snowmobile path.
The law regulates and guides the non-standardized operation of enterprises, thus promoting the long-term development of enterprises. Different countries and regions have different laws, so enterprises need to study the relevant laws in order to better adapt to the development of the industry.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Honda, Polaris, Yamaha Motor, BRP and Harley-Davidson are the five key players in the global Power Sports market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Power Sports market in the past 5 years.
The Honda Motor Company, Ltd. is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan.
Polaris is an American manufacturer of motorcycles, snowmobiles, all-terrain vehicles and community electric vehicles. Polaris was founded in Roseau, Minnesota, where there are still engineering and manufacturing departments. The company is headquartered in Medina, Minnesota. The company produced motorcycles through its Victory Motorcycles subsidiary until January 2017, and now it produces motorcycles through its Indian motorcycle subsidiary acquired in April 2011.
Segmentation Overview:
Among different product types, Heavyweight Motorcycle segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Side by Side Vehicle (SxS) segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Power Sports industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Power Sports. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Power Sports Market Report Include:
Market Size Estimates: Power Sports market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Power Sports market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Power Sports market
Segment Market Analysis: Power Sports market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Power Sports market situations and prospects in major and top regions and countries
Power Sports Market
Power Sports Industry Chain: Power Sports market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Power Sports Industry News, Policies by regions
Power Sports Industry Porters Five Forces Analysis
Key players in the global Power Sports market are covered in Chapter 2:
Kawasaki
Harley-Davidson
BRP
Yamaha Motor
Honda
Arctic Cat
Polaris
Rato
CFMOTO
KYMCO
Suzuki
HISUN Motor
In Chapter 6 and Chapter 9, on the basis of types, the Power Sports market from 2018 to 2028 is primarily split into:
All Terrain Vehicle (ATV)
Side by Side Vehicle (SxS)
Personal Watercraft
Heavyweight Motorcycle
Snowmobile
In Chapter 7 and Chapter 10, on the basis of applications, the Power Sports market from 2018 to 2028 covers:
Air Entertainment
Water Entertainment
Ground Entertainment
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Power Sports market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Power Sports industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Power Sports market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Power Sports industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Power Sports market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Power Sports market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Power Sports market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Power Sports are a subset of the generalized category motorsports. Power Sports vehicles refers to All Terrain Vehicle (ATV), Side by Side Vehicle (SxS), Personal Watercraft, Heavyweight Motorcycle, Snowmobile. One of the defining features of any Power Sport is the use of an engine, in one form or another. Other defining features of Power Sport vehicles include the use of handlebars to control movement and the mounting of the rider "on" the machine, exposed to the elements.
Assessment of the Overall Impact of COVID-19 on the Industry
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Power Sports industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Market Development Constraints
Factors hindering industry growth include high cost of ownership and maintenance related to power sports vehicles. These vehicles need frequent maintenance and repair because they are used in extreme environmental conditions and rugged terrain. They are exposed to high temperature and water, which leads to the wear of key components such as engine and hull. Repeated maintenance costs caused by users hinder the market representation of new power sports vehicles. However, entertainment clubs with affordable power sports rental options.
After the maximum emission reduction required by California came into effect in 2004, the vast majority of new Personal Watercraft sold in the United States met the lower emission standards set by California. In some areas, such as Lake Tahoe, outboard engines and Personal Watercraft are allowed if they meet the requirements of 2006 EPA or California Air Resources Board (CARB) 2001 regulations. The maximum noise limit of snowmobiles and accessories market has been stipulated by law. For instance, in Quebec (Canada) noise levels must be 78 decibels or less at 20 meters from a snowmobile path.
The law regulates and guides the non-standardized operation of enterprises, thus promoting the long-term development of enterprises. Different countries and regions have different laws, so enterprises need to study the relevant laws in order to better adapt to the development of the industry.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Honda, Polaris, Yamaha Motor, BRP and Harley-Davidson are the five key players in the global Power Sports market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Power Sports market in the past 5 years.
The Honda Motor Company, Ltd. is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan.
Polaris is an American manufacturer of motorcycles, snowmobiles, all-terrain vehicles and community electric vehicles. Polaris was founded in Roseau, Minnesota, where there are still engineering and manufacturing departments. The company is headquartered in Medina, Minnesota. The company produced motorcycles through its Victory Motorcycles subsidiary until January 2017, and now it produces motorcycles through its Indian motorcycle subsidiary acquired in April 2011.
Segmentation Overview:
Among different product types, Heavyweight Motorcycle segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Side by Side Vehicle (SxS) segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Power Sports industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Power Sports. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Power Sports Market Report Include:
Market Size Estimates: Power Sports market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Power Sports market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Power Sports market
Segment Market Analysis: Power Sports market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Power Sports market situations and prospects in major and top regions and countries
Power Sports Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Power Sports Industry Chain: Power Sports market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Power Sports Industry News, Policies by regions
Power Sports Industry Porters Five Forces Analysis
Key players in the global Power Sports market are covered in Chapter 2:
Kawasaki
Harley-Davidson
BRP
Yamaha Motor
Honda
Arctic Cat
Polaris
Rato
CFMOTO
KYMCO
Suzuki
HISUN Motor
In Chapter 6 and Chapter 9, on the basis of types, the Power Sports market from 2018 to 2028 is primarily split into:
All Terrain Vehicle (ATV)
Side by Side Vehicle (SxS)
Personal Watercraft
Heavyweight Motorcycle
Snowmobile
In Chapter 7 and Chapter 10, on the basis of applications, the Power Sports market from 2018 to 2028 covers:
Air Entertainment
Water Entertainment
Ground Entertainment
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Power Sports market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Power Sports industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Power Sports market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Power Sports industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Power Sports market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Power Sports market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Power Sports market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
