Global Power Sports Market Set to Reach USD 58.74 Billion by 2030
Summary:
The Global Power Sports Market, valued at USD 37.80 billion in 2023, is projected to grow at a CAGR of 6.5%, reaching nearly USD 58.74 billion by 2030. This press release outlines the market's current landscape, key segments, major manufacturers, and the impact of COVID-19 on market growth.
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A) Market Size
The Global Power Sports Market was valued at USD 37.80 billion in 2023. With a robust CAGR of 6.5%, the market is expected to reach nearly USD 58.74 billion by 2030. The market's growth is fueled by increasing consumer interest in recreational activities and the rising demand for power sports vehicles.
B) Overview
The Global Power Sports Market is experiencing significant growth as consumers increasingly indulge in recreational activities that involve power sports vehicles like all-terrain vehicles (ATVs), side-by-side vehicles (SxS), and personal watercraft. The rise in disposable income and advancements in vehicle technology further drive market expansion.
C) Market Scope
This report offers a detailed analysis of the Global Power Sports Market, covering key aspects such as market size, competitive landscape, and market dynamics. The research is supported by extensive primary and secondary sources, providing a comprehensive view of the market.
D) Segmentation
The market is segmented by vehicle type, type of fuel, and application:
- Vehicle Type: All-Terrain, Side By Side, Personal Watercraft, Snowmobiles, Heavyweight Motorcycles
- Type: Gasoline, Electric, Diesel
- Application: Off Road, On Road
E) Major Manufacturers
| Manufacturer | Country |
|---|---|
| Polaris Industries, Inc. | USA |
| Bombardier Recreational Products Inc. | Canada |
| Arctic Cat Inc. | USA |
| Yamaha Motor Co. Ltd | Japan |
| Kawasaki Heavy Industries Ltd | Japan |
| Textron Inc. | USA |
| Harley Davidson | USA |
| Honda Motor Company, Ltd | Japan |
| John Deere | USA |
| Suzuki Motor Corporation | Japan |
| BRP Inc. | Canada |
| Kubota Corporation | Japan |
| Kymco | Taiwan |
| RumbleOn INC. | USA |
F) Regional Analysis
The report provides an in-depth regional analysis, covering North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America holds the largest market share, driven by high consumer spending on recreational activities and advanced infrastructure for power sports.
G) COVID-19 Impact Analysis
The COVID-19 pandemic initially hampered the Global Power Sports Market due to supply chain disruptions and reduced consumer spending. However, the market has since rebounded, with increased outdoor recreational activities as consumers seek safe and socially distant leisure options.
H) Key Questions Answered
- What are the new competitive developments in the Global Power Sports Market?
- What is the current market size and projected share of the Global Power Sports Market?
- Who are the leading players in the Global Power Sports Market?
- Which regions are expected to provide more business opportunities?
- What are the key growth strategies adopted by market players?
I) Table of Contents:
- Introduction
- Market Overview
- Market Size and Forecast (2024-2030)
- Market Segmentation
- Vehicle Type
- Fuel Type
- Application
- Competitive Landscape
- Major Players
- Strategic Initiatives
- Regional Analysis
- COVID-19 Impact on the Global Power Sports Market
- Key Findings
- Conclusion
- Appendix
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