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    Power Sports Market Report

    Power Sports Market Report
    Report code - SRCG106 Delivery - 2 Weeks
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    Power Sports Market Size, Share, Trend, Forecast, & Competitive Analysis
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    Impact of COVID-19 on Power Sports Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Power Sports Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The global power sports market promises a healthy growth opportunity and is likely to witness healthy growth during the forecast period of 2020 to 2025. Recovery of the global economy and increasing disposable income are the major drivers of the power sports market.

    Segments' Analysis

    Power Sports Market Share by Vehicle Type

    Global Power Sports market is segmented on the basis of vehicle types; All-Terrain Vehicles (ATV), Side by Side Vehicles (SSV), Personal Watercrafts (PWC), Snowmobiles, Heavyweight Motorcycles (Above 600CC), and Others. Side by Side vehicles offer many advantages over ATVs, such as better riding experience, rollover protection bars, and ease of mobility. In the last ten years, off-road industry has noticed a continuous shift in demand from ATVs to Side by Side vehicles.

    Regional Insights

    The market of all the major power sports vehicle types, such as ATVs, SSVs, PWCs, snowmobiles, and heavyweight motorcycles (>600CC) is heavily dependent on the performance of the North American region. This region is expected to remain the largest market for power sports in the next five years. The US is the growth engine of the North American as well as the global power sports market. The US alone accounted for more than 50% of the global power sports market. Asia-Pacific is a very small market but is likely to witness the fastest growth during the forecast period, driven by the high demand for power sports.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Power Sports Market Size, Share & Forecast by Vehicle Type:

    • All-Terrain Vehicle
      • By Product Type
        • Utility All-Terrain Vehicle
        • Recreational All-Terrain Vehicle
        • Sports All-Terrain Vehicle
        • Touring All-Terrain Vehicle
        • Other All-Terrain Vehicles
    • Side by Side Vehicle
      • By Product Type
        • Utility Side by Side Vehicle
        • Recreational Side by Side Vehicle
        • Sports Side by Side Vehicle
        • Touring Side by Side Vehicle
        • Other Side by Side Vehicles
    • Personal Watercraft
      • By Product type
        • Recreational Watercraft
        • Muscle Watercraft
        • Luxury Watercraft
        • Performance Watercraft
        • Sports Watercraft
    • Heavyweight Motorcycle (Above 600 CC)
      • By Product Type
        • Touring Motorcycle
        • Cruiser Motorcycle
        • Other Motorcycles
    • Snowmobile
      • By Product Type
        • Mountain Snowmobile
        • Crossover Snowmobile
        • Cross Country Snowmobile
        • Utility Snowmobile
        • Touring Snowmobile
        • Other Snowmobiles
    • Other Power Sports

     Power Sports Market Size, Share & Forecast by Region:

    • North America
      • By Vehicle Type
        • All-Terrain Vehicle
        • Side by Side Vehicle
        • Personal Watercrafts
        • Snowmobile
        • Heavyweight Motorcycle (above 600CC)
        • Other Power Sports
    • Europe
      • By Vehicle Type
        • All-Terrain Vehicle
        • Side by Side Vehicle
        • Personal Watercrafts
        • Snowmobile
        • Heavyweight Motorcycle (above 600CC)
        • Other Power Sports
    • Asia-Pacific
      • By Vehicle Type
        • All-Terrain Vehicle
        • Side by Side Vehicle
        • Personal Watercrafts
        • Snowmobile
        • Heavyweight Motorcycle (above 600CC)
        • Other Power Sports
    • Rest of the World
      • By Vehicle Type
        • All-Terrain Vehicle
        • Side by Side Vehicle
        • Personal Watercrafts
        • Snowmobile
        • Heavyweight Motorcycle (above 600CC)
        • Other Power Sports

     

    Key Players

    New product development, vast product portfolio, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.

    The supply chain of this market comprises raw material suppliers, component manufacturers, power sports vehicle manufacturers, and distributors. The key power sports vehicle manufacturers are-

    • Polaris Industries
    • Honda Motors
    • Yahama Motors
    • John Deere
    • Kubota Corporation
    • Harley Davidson
    • Arctic Cat Inc.
    • BRP Inc.
    • Kawasaki Motors

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    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 into 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, Porter’s 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

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the vehicle types by distribution channel type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    In terms of region, North America is likely to be the largest Power Sports Market during the forecast period of 2020-2025.

    Polaris Industries, Honda Motors, Yahama Motors, John Deere, Kubota Corporation, Harley Davidson, Arctic Cat Inc., BRP Inc., and Kawasaki Motors. are among the key players in the Power Sports Market.

    Recovery of the global economy and increasing disposable income are the major drivers of the power sports market.

    The US is the growth engine of the North American as well as the global power sports market. The US alone accounted for more than 50% of the global power sports market.

    The supply chain of power sports market comprises raw material suppliers, component manufacturers, power sports vehicle manufacturers, and distributors.

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