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 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