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Global Powersports Market Size

Global Powersports Market Insights<br>Powersports Market size was valued at USD 29.62 billion in 2021 and is poised to grow from USD 31.43 billion in 2022 to USD 50.85 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).<br>Powersport vehicles are high-performance automobiles made for both on- and off-road use. They are built to survive harsh environmental conditions, including debris, shock/vibration, and other environmental dangers. Increasing demand from the teens seeking off-road adventure clubs, an increase in disposable money, leisure and tourism, and regional groups

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Global Powersports Market Size

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  1. Global Powersports Market Size, Share, Growth Analysis, By Vehicle type Side-by-side Vehicles, By Application by Model- Industry Forecast 2023-2030 Global Powersports Market Insights Powersports Market size was valued at USD 29.62 billion in 2021 and is poised to grow from USD 31.43 billion in 2022 to USD 50.85 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030). Powersport vehicles are high-performance automobiles made for both on- and off-road use. They are built to survive harsh environmental conditions, including debris, shock/vibration, and other environmental dangers. Increasing demand from the teens seeking off-road adventure clubs, an increase in disposable money, leisure and tourism, and regional groups that support powersports events, as well as laws. Supporting the construction of recreational infrastructure is promoting market expansion. Additionally, businesses are concentrating on creating new products to achieve mass-

  2. market adoption of electrical goods. Consequently, these factors will impact the market expansion over the forecast period. Global Powersports Market Segmental Analysis Global powersports market has been segmented based on vehicle type, application, Model, and region. Based on vehicle type, the market is segmented into all-terrain vehicles (ATV), side-by-side vehicles, personal watercraft, snowmobiles, and heavyweight motorcycles. Based on the application, the market is segmented into on-road and off-road. Based on model, the region is segmented into multi personal, sit down. Based on region, the powersports market is segmented into North America, Europe, Asia-Pacific, South America, and MEA Powersports Market Analysis by Vehicle Type Due to rising acceptance among younger consumers and low-interest rates, the heavyweight bikes sector held the greatest powersports market share in 2021. However, during the past few years, registration of motorcycles with large engines (600cc and more) have dropped due to a change in customer demand toward more accessible, light, affordable, fuel-efficient motorcycles (mainly attributable to younger consumers). Consequently, it is projected that the heavy motorcycle segment would have stable powersports market expansion. Get the best overview of powersports market https://www.skyquestt.com/report/powersports-market Top Players in the Global Powersports Market •Polaris Inc.

  3. •Honda Motor Co., Ltd. •Kawasaki Heavy Industries, Ltd. •Yamaha Motor Co. Ltd. •BRP Inc. •Arctic Cat Inc. •KTM AG •Ducati Motor Holding S.p.A. •Suzuki Motor Corporation •Triumph Motorcycles Ltd. •Harley-Davidson Inc. •Piaggio & C. SpA •Bombardier Recreational Products Inc. •Textron Inc. •CFMoto Powersports Inc. •Bajaj Auto Ltd. •Hero MotoCorp Ltd. •TVS Motor Company Ltd. •Mahindra Two Wheelers Ltd. •Royal Enfield (India) About Us: Sky Quest Technology is leading growth consulting firm providing market intelligence, commercialization, and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741

  4. Email:sales@skyquestt.com Sky Quest

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