Title: Power Sports Market to exhibit 4% CAGR from 2018 to 2024
1Power Sports Market By Application, Growth
Potential Forecast, 2018 2024
2Key Insights from Power Sports Market
- Global Market Insights, Inc., announces the
launch of its latest report on Global Power
sports market underlining the key industry
trends across the vehicle and regional landscape.
The company further projects the global power
sports market share to go beyond USD 14 billion
by 2024. - Increasing discretionary spending in tandem with
the rising inclination toward recreational
activities are certain to significantly augment
the revenue graph of power sports market. The
escalating demand for vehicles from the
entertainment and sports domains have propelled
the requirement of all-terrain, snowmobiles, and
personal watercrafts vehicles, thereby pushing
power sports market trends. - As per the report, side by side power sports
market has been forecast to exhibit a CAGR of 3
over 2018-2024. The advantages provided by these
vehicles such as higher functionality, multiple
driving mode, smooth riding experience in
difficult terrains, and multiple seating facility
will support the industry growth.
3 Latest Research Report On Power Sports Market _at_
https//www.gminsights.com/industry-analysis/power
-sports-market Request for a sample of this
research report _at_ https//www.gminsights.com/reque
st-sample/detail/1688
4U.S. Power Sports Market, By Vehicle, 2017
2024, (Units)
5Major Companies in Power Sports Market
- Polaris Industries
- Yamaha Motor Company
- Honda Motor Company
- Harley-Davidson, Inc.
- BRP (Bombardier Recreational Products) Inc.
- Kubota Corporation
- Arctic Cat
- John Deere
- Suzuki Motor
6Industry Coverage
7Regional Insights in Power Sports Market
- Led by the economies such as China, Japan, and
India the Asia Pacific power sports market is
forecast to register a CAGR of 4.5 over
2018-2024. The growth can be credited to the
overall improvement in economic scale, rise in
per capita spending, growing disposable incomes,
and attractive product portfolio.
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