Powersports Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027

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Presents a Research Report on Powersports Market
The report on the Powersports Market is
segmented By Vehicle Type (Off-Road Vehicle,
Snowmobile, Heavyweight Motorcycle, and Personal
Watercraft) and by Region (North America, Europe,
Asia-Pacific, and Rest of the World).


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The Powersports Market Highlights Drivers

• The market grew by 10 in terms of units in the
  year 2020, a growth rate that the industry never
  achieved or even reached close to it in the past
  decade. 
• The long-term outlook is also extremely pleasing
  keeping the mind the growth and demand for
  powersports, especially ORVs and PWCs. In market
  numbers, the powersports market is estimated to
  grow at a healthy CAGR of 5.7 during 2022-2027
  to reach a value of US 47.9 billion by 2027.

• Market Insight
• By Vehicle Type
• Based on the vehicle type, the powersports market
  is segmented as off-road vehicles (ORVs),
  snowmobiles, heavyweight motorcycles, and
  personal watercraft. Off-road vehicles hold the
  dominance in the market, followed by motorcycles,
  PWCs, and snowmobiles. ORVs have capacities to
  traverse all terrains and offer ease of mobility
  and lower carbon emissions, the factors driving
  the demand for ORVs. Along with these factors,
  other noticeable advantages of ORVs are lower
  vehicle weight, a lower driving age limit for
  ORVs compared to other power sports vehicles, and
  cheaper maintenance costs.
• Furthermore, the introduction of new hybrid and
  alternative fuel-powered ORVs with low or
  zero-emissions fuels the market growth. In
  ORVs, there has been a paradigm shift from ATVs
  to SSVs in the wake of additional benefits of
  SSVs over ATVs.

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Market Insight Competitive Insights

• By Region
• In terms of regions, North America is expected to
  remain the largest market for powersports during
  the forecast period due to factors such as a rise
  in regional engagements in leisure and
  recreational activities, as well as growing
  demand for powersports vehicles for snowmobile
  and water surfing.
• Although Asia-Pacific is a small market, it is
  predicted to expand rapidly with the increasing
  consumer disposable income and the growing
  interest in Powersports among the regional urban
  population, fueling the market demand in the
  region.
• Key Players
• Polaris Inc.
• Honda Motor Co., Ltd.
• BRP Inc.
• Harley Davidson, Inc.
• Yamaha Motor Co., Ltd.
• Kawasaki Motors Corp.
• Suzuki Motor Corporation
• Kubota Corporation
• Deere Company (John Deere)
• Arctic Cat Inc. (Textron)

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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About Stratview Research
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