Global Powersports Market Research Report - Forecast till 2025

Global Powersports Market Research Report – Forecast till 2025

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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.

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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.

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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

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