Description
Global Powersports Market Research Report – Forecast till 2025
Market Snapshot
According to industry statistics Global Powersports Market is anticipated to reach USD 4,205,708.9 Thousand to register a healthy CAGR of 5.65% during the forecast period. Motorcycles, ATVs, snowmobiles, and PWCs are referred to as powersport vehicles. The global market growth is attributed to the increasing use of Powersports in adventure tourism and an expansion in ATV experience zones, the adoption of green products, the rapid development of power sports electrification products by manufacturers is expected to drive the global market growth. However, Government regulations, the demand for eco-friendly vehicles, and increasing consumer awareness have enforced the major manufacturers to manufacture greener Powersports products.
The global Powersports market is anticipated to witness a notable market expansion owing to the constant global economic development, rising consumer expenditure, rising urban population, surged demand for a replacement for boats. Moreover, the growth of the market is propelled by the rising use of powersport vehicles in defense and military activities, construction, and recreational, adoption of new technologies and high employment rate, expanding utility activities, growing interest in sports competitions, and rising young population. However, the unfavorable weather conditions, growing boomer age, and rising unmanaged & illegal usage of cars are expected to restrain the growth of the global market during the review period.
Market Segmentation
The global Powersports market has been segmented based on Type, Application, and Model.
Depending on the type segment, the global Powersports market is classified into heavyweight motorcycles, watercraft, snowmobiles, side-by-side, and all-terrain. The heavyweight type of segment is expected to register a 4.9% CAGR during the study owing to the largest market share of 43.7% in 2019.
By application, the global market has been divided into snow, on-road, and off-road. the off-road segment is set to register a 5.41% CAGR between 2019- 2025. In terms of the Model, the global Powersports market is bifurcated into stand-up and sit-down.
Regional Analysis
The region-specific analysis of the global Powersports market is studied across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW).
North America is expected to contribute the largest market owing to the favorable weather conditions, increasing consumer expenditure on sports and recreational activities, and growing establishment of recreational clubs. The US exhibits the leading market of Powersports followed by Canada, which has the utmost share.
The second-largest market of the global Powersports market share over the forecast period. The regional market is driven by the rising demand for UTVs, personal watercraft, and snowmobiles, favorable weather conditions, increasing recreational activities, and the existence of major manufacturers. Additionally, in the expanding tourism sector, companies complying with product-related and stringent manufacturing regulations because of low carbon emission initiatives and environmental concerns, Powersports, and off-road organizations working to develop suitable trails to support high consumption of such products are expected to fuel the growth of the regional market.
Major Players
The prominent players of the global Powersports market include BRP, Textron Inc., Yamaha Motor Co. Ltd, Honda Motor Co. Ltd, and Polaris Industries Inc.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Power Rental Market: By Fuel Type (Diesel Generators and Gas Generators); By Power Rating (Less Than 50 KW, 51 KW to 500 KW and Above 500 KW); By Application (Peak Shaving, Base Load and Standby); By End-User (Utilities, Oil & gas, Events, Construction, Mining, Manufacturing, Telecom & Datacenter and Others); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.2 GLOBAL POWERSPORTS MARKET, BY TYPE 17
1.3 GLOBAL POWERSPORTS MARKET, BY APPLICATION 18
1.4 GLOBAL POWERSPORTS MARKET, BY MODEL 19
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 20
2.2 RESEARCH OBJECTIVE 20
2.3 MARKET STRUCTURE 20
2.4 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 24
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 25
3.6 FORECAST MODEL 26
3.7 LIST OF ASSUMPTIONS 27
4 MARKET INSIGHTS
5 GLOBAL POWERSPORTS MARKET, MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 31
5.1.1 THREAT OF NEW ENTRANTS 32
5.1.2 BARGAINING POWER OF SUPPLIERS 32
5.1.3 THREAT OF SUBSTITUTES 32
5.1.4 BARGAINING POWER OF BUYERS 32
5.1.5 INTENSITY OF RIVALRY 33
5.2 SUPPLY CHAIN ANALYSIS: GLOBAL POWERSPORTS MARKET 33
5.2.1 DESIGN AND DEVELOPMENT 34
5.2.2 RAW MATERIAL AND COMPONENT SUPPLY 34
5.2.3 MANUFACTURING AND ASSEMBLY 34
5.2.4 SUPPLY AND DISTRIBUTION 34
6 MARKET DYNAMICS
6.1 INTRODUCTION 35
6.2 DRIVERS 36
6.2.1 INCREASE IN ATV EXPERIENCE ZONES 36
6.2.2 USE OF POWERSPORTS TO BOOST ADVENTURE TOURISM 36
6.2.3 DRIVERS IMPACT ANALYSIS 37
6.3 RESTRAINT 37
6.3.1 ALTERATION OF SOIL STRUCTURE AND ADVERSE IMPACT ON VEGETATION 37
6.3.2 RESTRAINT IMPACT ANALYSIS 38
6.4 OPPORTUNITY 38
6.4.1 INNOVATION IN POWERSPORTS PRODUCTS 38
6.5 IMPACT ANALYSIS OF COVID-19 38
6.5.1 IMPACT ON OVERALL MOTORSPORTS INDUSTRY 38
6.5.1.1 ECONOMIC IMPACT 39
6.5.2 IMPACT ON THE POWERSPORTS MARKET 39
6.5.3 IMPACT ON SUPPLY CHAIN OF POWERSPORTS 39
6.5.3.1 PRODUCTION SHUTDOWN 39
6.5.3.2 CASH FLOW CONSTRAINTS 39
6.5.3.3 IMPACT ON IMPORT/EXPORT 39
7 GLOBAL POWERSPORTS MARKET, BY TYPE
7.1 OVERVIEW 40
7.2 ALL-TERRAIN VEHICLES 40
7.3 SIDE-BY-SIDE 40
7.4 SNOWMOBILES 40
7.5 WATERCRAFT 40
7.6 HEAVYWEIGHT MOTORCYCLE 40
8 GLOBAL POWERSPORTS MARKET, BY APPLICATION
8.1 OVERVIEW 43
8.2 OFF-ROAD 43
8.3 ON-ROAD 43
8.4 SNOW 43
9 GLOBAL POWERSPORTS MARKET, BY MODEL
9.1 OVERVIEW 45
9.2 SIT-DOWN 45
9.3 STANDUP 45
10 GLOBAL POWERSPORTS MARKET, BY REGION
10.1 OVERVIEW 47
10.1.1 GLOBAL POWERSPORTS MARKET, BY REGION, 2013-2025 (USD THOUSAND) 48
10.1.2 GLOBAL POWERSPORTS MARKET, BY REGION, 2013-2025 (THOUSAND UNITS) 49
10.2 NORTH AMERICA 50
10.2.1 US 56
10.2.2 CANADA 59
10.2.3 MEXICO 63
10.3 ASIA-PACIFIC 67
10.3.1 CHINA 72
10.3.2 JAPAN 76
10.3.3 INDIA 79
10.3.4 SOUTH KOREA 83
10.3.5 REST OF ASIA-PACIFIC 86
10.4 EUROPE 91
10.4.1 GERMANY 96
10.4.2 FRANCE 99
10.4.3 UK 103
10.4.4 ITALY 107
10.4.5 SPAIN 110
10.4.6 REST OF EUROPE 114
10.5 REST OF THE WORLD 118
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW 130
11.2 POWERSPORTS PRODUCED/ASSEMBLED 130
11.3 COMPETITIVE BENCHMARKING 131
11.4 LEADING PLAYERS (IN TERMS OF NUMBER OF DEVELOPMENTS) IN GLOBAL POWERSPORTS MARKET 132
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 132
11.5.1 PRODUCT DEVELOPMENT 132
11.5.2 MERGERS & ACQUISITIONS, EXPANSION 133
11.6 GLOBAL MARKET SHARE ANALYSIS, BY CATEGORY 134
11.6.1 MANUFACTURER MARKET SHARE ANALYSIS, 2019: ATV 134
11.6.2 MANUFACTURER MARKET SHARE ANALYSIS, 2019: SIDE BY SIDE 134
11.6.3 MANUFACTURER MARKET SHARE ANALYSIS, 2019: HEAVYWEIGHT MOTORCYCLES 134
11.6.4 MANUFACTURER MARKET SHARE ANALYSIS, 2019: SNOWMOBILES 135
11.6.5 MANUFACTURER MARKET SHARE ANALYSIS, 2019: WATERCRAFT 135
12 COMPANY PROFILES
12.1 BRP 136
12.1.1 COMPANY OVERVIEW 136
12.1.2 PRODUCTS OFFERED 137
12.1.3 KEY DEVELOPMENTS 139
12.1.4 SWOT ANALYSIS 140
12.1.5 KEY STRATEGIES 140
12.2 SUZUKI MOTOR CORPORATION 141
12.2.1 COMPANY OVERVIEW 141
12.2.2 PRODUCTS OFFERED 142
12.2.3 KEY DEVELOPMENTS 143
12.2.4 SWOT ANALYSIS 144
12.2.5 KEY STRATEGIES 144
12.3 POLARIS INDUSTRIES, INC. 145
12.3.1 COMPANY OVERVIEW 145
12.3.2 PRODUCTS OFFERED 146
12.3.3 KEY DEVELOPMENTS 150
12.3.4 SWOT ANALYSIS 151
12.3.5 KEY STRATEGIES 152
12.4 HONDA MOTOR CO., LTD 153
12.4.1 COMPANY OVERVIEW 153
12.4.2 PRODUCTS OFFERED 155
12.4.3 KEY DEVELOPMENTS 156
12.4.4 SWOT ANALYSIS 157
12.4.5 KEY STRATEGIES 158
12.5 YAMAHA MOTOR CO., LTD 159
12.5.1 COMPANY OVERVIEW 159
12.5.2 PRODUCTS OFFERED 160
12.5.3 KEY DEVELOPMENTS 164
12.5.4 SWOT ANALYSIS 164
12.5.5 KEY STRATEGIES 165
12.6 TEXTRON INC. 166
12.6.1 COMPANY OVERVIEW 166
12.6.2 PRODUCTS OFFERED 167
12.6.3 KEY DEVELOPMENTS 169
12.7 KAWASAKI HEAVY INDUSTRIES, LTD. 170
12.7.1 COMPANY OVERVIEW 170
12.7.2 PRODUCTS OFFERED 171
12.7.3 KEY DEVELOPMENTS 173
12.8 HARLEY-DAVIDSON, INC. 174
12.8.1 COMPANY OVERVIEW 174
12.8.2 PRODUCTS OFFERED 175
12.8.3 KEY DEVELOPMENTS 177
12.9 DEERE & COMPANY 178
12.9.1 COMPANY OVERVIEW 178
12.9.2 PRODUCTS OFFERED 180
12.9.3 KEY DEVELOPMENTS 180
12.10 ARCTIC CAT INC 181
12.10.1 COMPANY OVERVIEW 181
12.10.2 ARCTIC CAT INC: FINANCIAL OVERVIEW SNAPSHOT 181
12.10.3 PRODUCTS OFFERED 182
12.10.4 KEY DEVELOPMENTS 182
12.11 KUBOTA CORPORATION 183
12.11.1 COMPANY OVERVIEW 183
12.11.2 KUBOTA CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 184
12.11.3 PRODUCTS OFFERED 185
12.11.4 KEY DEVELOPMENTS 185
12.12 KWANG YANG MOTOR CO., LTD 186
12.12.1 COMPANY OVERVIEW 186
12.12.2 KWANG YANG MOTOR CO., LTD: FINANCIAL OVERVIEW SNAPSHOT 186
12.12.3 PRODUCTS OFFERED 187
12.12.4 KEY DEVELOPMENTS 187
