Global Power Sports Market Segmentation by Vehicle Type (All-Terrain Vehicle, Side by Side Vehicle, Personal Watercrafts, Snowmobile, Heavyweight Motorcycle, Others), by Application (On-Road, Off-Road), by Model (Stand Up, Sit Down, Multi Personal), by Region (North America, Europe, Asia-Pacific, Latin America and MEA& Africa).
Increasing youth inclination towards recreational activities including motorcycle riding, trail sports and water sports is propelling the power sports market over forecast period. Further, improving economic factors, such as per capita GDP and disposable income in developing countries are escalating also boosting the market growth over forecast period.
However, factors such as lack of standard protocols for the development of power sports and increasing unmanaged usage of vehicles are restraining the market growth over forecast period.
Global Power Sports Market is segmented by Vehicle Type, by Application, by Model, by Region.
By vehicle type, ATV segment is expected to hold highest market share over forecast period.
By vehicle type, market is segmented into All-Terrain Vehicle, Side by Side Vehicle, Personal Watercrafts, Snowmobile, Heavyweight Motorcycle, Others. Among all of these ATV held 29.54% market share in 2019 and is expected to keep its dominance over forecast period due to their higher adoption in recreational activities. ATV is followed by heavy weight motorcycles segment with 19% market share.
By Application, off road vehicle segment is expected to hold highest market share over forecast period.
By application market is segmented into off road and on road vehicles. Among these off road vehicle segment is expected to hold 64.21% market share over forecast period. In power sports adaptation rate of off road vehicles is higher as compared on road vehicles.
By geography, North America is expected to hold highest market share over forecast period.
By geography, market is segmented into North America, APAC, Europe, MEA& Africa and Latin America. Among all of these North America is expected to hold 36.87% of market share over forecast period thanks to presence of large number of major players in in this region. North America is followed by APAC, Europe with market share of 28.21% and 19.45% respectively.
Report covers key development and company profiles of market leader, potential players and followers. Some key players covered in this report are Polaris Industries, Inc. (US), Bombardier Recreational Products Inc. (Canada), Arctic Cat Inc. (US), Yamaha Motor Co. Ltd (Japan), Kawasaki Heavy Industries, Ltd (Japan), Textron Inc. (US), Harley Davidson, Inc. (US), Honda Motor Company, Ltd (Japan), John Deere (US), and Suzuki Motor Corporation (Japan).
Among all of these Textron, Inc. (Arctic Cat), Polaris Industries Inc., and Yamaha Motor Co. are dominating the market with 18%, 16% and 19.45% market share respectively.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Power Sports Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Power Sports Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Power Sports Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Power Sports Market”
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