Powersports Market Size, Share, Trend, Forecast, Competitive Analysis

1. Presents a Research Report on PowersportsMarket The report on the PowersportsMarket is segmented By Vehicle Type (Off-Road Vehicle, Snowmobile, Heavyweight Motorcycle, and Personal Watercraft) and by Region (North America, Europe, Asia-Pacific, and Rest of the World). sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. The Powersports Market Highlights& Drivers • The market grew by 10% in terms of units in the year 2020, a growth rate that the industry never achieved or even reached close to it in the past decade. • The long-term outlook is also extremely pleasing keeping the mind the growth and demand for powersports, especially ORVs and PWCs. In market numbers, the powersports market is estimated to grow at a healthy CAGR of 5.7% during 2022-2027 to reach a value of US$ 47.9 billion by 2027. • MarketInsight • By Vehicle Type: • Based on the vehicle type, the powersports market is segmented as off-road vehicles (ORVs), snowmobiles, heavyweight motorcycles, and personal watercraft. Off-road vehicles hold the dominance in the market, followed by motorcycles, PWCs, and snowmobiles. ORVs have capacities to traverse all terrains and offer ease of mobility and lower carbon emissions, the factors driving the demand for ORVs. Along with these factors, other noticeable advantages of ORVs are lower vehicle weight, a lower driving age limit for ORVs compared to other power sports vehicles, and cheaper maintenance costs. • Furthermore, the introduction of new hybrid and alternative fuel-powered ORVs with low or zero-emissions fuels the market growth. In ORVs, there has been a paradigm shift from ATVs to SSVs in the wake of additional benefits of SSVs over ATVs.

3. Market Insight & Competitive Insights • By Region: • In terms of regions, North America is expected to remain the largest market for powersports during the forecast period due to factors such as a rise in regional engagements in leisure and recreational activities, as well as growing demand for powersports vehicles for snowmobile and water surfing. • Although Asia-Pacific is a small market, it is predicted to expand rapidly with the increasing consumer disposable income and the growing interest in Powersports among the regional urban population, fueling the market demand in the region. • Key Players • Polaris Inc. • Honda Motor Co., Ltd. • BRP Inc. • Harley Davidson, Inc. • Yamaha Motor Co., Ltd. • Kawasaki Motors Corp. • Suzuki Motor Corporation • Kubota Corporation • Deere & Company (John Deere) • Arctic Cat Inc. (Textron)

4. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

5. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

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