Power Sports Market Industry Trends, Statistics, Analysis by 2024

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Power Sports industry analysis research and
trends report for 2017-2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Power Sports Market

• The escalating growth is governed by off road
  side by side vehicles, personal watercrafts and
  snowmobiles due to increased usage of PRV in
  athletics, entertainment agriculture and
  ongoing innovations by various manufacturers.
• Some of the striking industry trends and
  developments include cannibalization of ATVs by
  side-by-side vehicles, Polaris surpassing Honda
  in ATV industry, young generation opting for
  recreational, boats and power sports market
  players exploring innovative technologies
  including shopatron technology used in cost
  effective advanced acceleration facility and
  damage recovers in these vehicles.
• The industry is highly competitive in nature with
  all the divisions operating in a highly
  consolidated structure. Every key power sports
  market player conducts a throughout analysis of
  their business financial overview and business
  strategies.

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Continued...

• ATV is specially designed to handle a wide range
  of terrain for athletics, camping and hunting
  purposes. Side by Side is a small segment in the
  power sports market with 2 or 4 passengers four
  wheel off road vehicle.
• There are six major types of motorcycles
  including sport, cruiser, standard, touring, dirt
  bike and dual-purpose vehicle. It offers various
  advantages over ATVs which includes better riding
  experience, rollover protection bars and ease of
  mobility.
• North America, led by the U.S. and Canada for
  global power sports market represents more than
  two third of the industry share. In snowmobile
  vehicle segment, the region is the largest
  industry player owing to high demands in
  adventurous sporting.

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360 Analysis

• Product Analysis
• The major driving factors that drive the power
  sports market growth include global economic
  development, increasing urban population,
  increased replacement demand for boats and high
  spending on these products.
• Regional Analysis
• In the US, California Air Resources Board (CARB)
  governs the vehicle emission regulations to curb
  air pollution. This law states that all the
  All-Terrain Vehicles (ATV) must demonstrate
  efficient exhaust and vehicle emission control
  systems along with well stated CARB emission
  standards.
• Competitive Market Share
• The key players involved in power sports market
  are Polaris Industries, Yamaha Motor and Arctic
  Cat. Other important industry players are Kubota,
  BRP, Harley Davidson, Honda Motors, Kawasaki
  Motors, John Deere, Cectek, Shuopu and Suzuki.
  Heavy RD expenditure for upgradation of
  technologies is carried out by major industry
  players.

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