PUBLISHER: Grand View Research | PRODUCT CODE: 1588756
PUBLISHER: Grand View Research | PRODUCT CODE: 1588756
Power Sports Market Size, Share & Trends Analysis Report By Product (SXS, Heavyweight Motorcycle, ATV, Off Road Motorcycle), By Fuel Type, By Region, And Segment Forecasts, 2024 - 2030
Power Sports Market Size & Trends:
The global power sports market size was estimated at USD 39.50 billion in 2023 and is expected to grow at a CAGR of 6.0% from 2024 to 2030. One of the primary growth drivers for this market is the increasing consumer disposable income, which enables more individuals to invest in recreational activities and high-performance vehicles. As people seek thrilling experiences, the popularity of outdoor recreational activities has surged, leading to a higher demand for power sports vehicles such as all-terrain vehicles (ATVs), personal watercraft, and motorcycles.
Technological advancements also play a crucial role in propelling the market forward. Innovations in vehicle design and propulsion systems, particularly the rise of electric-powered options, are attracting environmentally conscious consumers who prefer sustainable alternatives to traditional gasoline engines. These technologies not only address environmental concerns but also appeal to eco-conscious consumers seeking sustainable recreational options. Manufacturers are investing in electric models to reduce fossil fuel dependence, which is expected to drive further growth in this segment. This shift not only meets the growing demand for eco-friendly products but also enhances performance capabilities, making electric vehicles increasingly appealing.
Moreover, the growing infrastructure for outdoor leisure activities, including the development of theme parks and recreational trails, supports the expansion of the power sports market. Investments from both public and private sectors in recreational facilities are creating more opportunities for consumers to engage in adventure sports. Additionally, changing consumer preferences are evident as younger buyers gravitate towards motorcycles due to their affordability, low maintenance costs, and convenience. This demographic shift is expected to sustain the demand for motorcycles, which is projected to hold the largest share of the power sports market during the forecast period.
Enhanced safety technologies are becoming standard in power sports vehicles. Innovations such as advanced braking systems, traction control, and stability control provide additional safety for users, making these vehicles more appealing to a broader demographic concerned about safety. Continuous investments in R&D are driving the introduction of innovative products that meet evolving consumer demands. Companies are focused on enhancing engine performance, fuel efficiency, and overall vehicle durability through technological advancements. In addition, advanced suspension technologies contribute significantly to ride comfort and vehicle handling. These innovations improve the overall performance of power sports vehicles, making them more capable in challenging terrains, which is crucial for off-road applications.
Overall, the combination of rising disposable incomes, technological advancements, enhanced recreational infrastructure, and evolving consumer preferences is driving robust growth in the global power sports market, with projections indicating a significant increase in market size over the coming years.
One of the primary barriers is the high cost of power sports vehicles, which often come with hefty price tags, especially those equipped with advanced features and technologies. This financial barrier limits accessibility for many potential buyers, as the initial purchase price can be prohibitive. Additionally, ongoing costs such as maintenance, repairs, and insurance further increase the total cost of ownership, making these vehicles more of a luxury than a necessity for the average consumer.
Safety remains a critical concern in the power sports sector. The high speeds and challenging terrains associated with these vehicles can lead to accidents and injuries, prompting manufacturers to invest heavily in safety features and training programs. Compliance with stringent safety regulations can also increase production costs and complicate market entry for new players. Access to suitable terrain and infrastructure for power sports activities can be limited, particularly in urban areas where recreational spaces are scarce. The need for collaboration among government agencies, private landowners, and community partners to develop trails and access points can pose challenges to market growth.
Global Power Sports Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global power sports market report based on product, fuel type, and region:
- Product Outlook (Revenue, USD Billion, 2018 - 2030)
- SXS
- Heavyweight Motorcycle
- ATV
- Off Road Motorcycle
- Others
- Fuel Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Gasoline
- Diesel
- Electric
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Fuel Type Outlook
- 2.4. Competitive Landscape Outlook
Chapter 3. Powersports Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Outlooks
- 3.3.2. Manufacturing and Technology Trends
- 3.3.3. Sales Channel Analysis
- 3.3.4. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
- 3.5. Industry Analysis - Porter's Five Forces Analysis
- 3.6. Market Entry Strategies
Chapter 4. Powersports Market: Product Estimates & Trend Analysis
- 4.1. Powersports Market, by Product: Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Billion)
- 4.3.1. SXS
- 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.2. Heavyweight Motorcycle
- 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.3. ATV
- 4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.4. Off Road Motorcycle
- 4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.5. Others
- 4.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.1. SXS
Chapter 5. Powersports Market: Fuel Type Estimates & Trend Analysis
- 5.1. Powersports Market, by Fuel Type: Key Takeaways
- 5.2. Fuel Type Movement Analysis & Market Share, 2023 & 2030
- 5.3. Market Estimates & Forecasts, by Fuel Type, 2018 - 2030 (USD Billion)
- 5.3.1. Gasoline
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.2. Diesel
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.3. Electric
- 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.1. Gasoline
Chapter 6. Powersports Market: Regional Estimates & Trend Analysis
- 6.1. Powersports Market: Regional Outlook
- 6.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Billion)
- 6.3.1. North America
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.1.2. U.S.
- 6.3.1.2.1. Key country dynamics
- 6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.1.3. Canada
- 6.3.1.3.1. Key country dynamics
- 6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.1.4. Mexico
- 6.3.1.4.1. Key country dynamics
- 6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2. Europe
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2.2. Germany
- 6.3.2.2.1. Key country dynamics
- 6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2.3. UK
- 6.3.2.3.1. Key country dynamics
- 6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2.4. France
- 6.3.2.4.1. Key country dynamics
- 6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2.5. Italy
- 6.3.2.5.1. Key country dynamics
- 6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2.6. Spain
- 6.3.2.6.1. Key country dynamics
- 6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3. Asia Pacific
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3.2. China
- 6.3.3.2.1. Key country dynamics
- 6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3.3. Japan
- 6.3.3.3.1. Key country dynamics
- 6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3.4. India
- 6.3.3.4.1. Key country dynamics
- 6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3.5. Australia & New Zealand
- 6.3.3.5.1. Key country dynamics
- 6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3.6. South Korea
- 6.3.3.6.1. Key country dynamics
- 6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.4. Central & South America
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.4.2. Brazil
- 6.3.4.2.1. Key country dynamics
- 6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.5. Middle East & Africa
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.5.2. South Africa
- 6.3.5.2.1. Key country dynamics
- 6.3.1. North America
Chapter 7. Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, by Key Market Participants
- 7.2. Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Product Benchmarking
- 7.6. Company Market Share Analysis, 2023 (%)
- 7.7. Company Heat Map Analysis
- 7.8. Strategy Mapping
- 7.9. Company Profiles
- 7.9.1. Yamaha Motor Co., Ltd.
- 7.9.2. Arctic Cat Inc.
- 7.9.3. BRP
- 7.9.4. Honda Motor Co., Ltd.
- 7.9.5. Kawasaki Heavy Industries, Ltd.
- 7.9.6. Polaris Inc.
- 7.9.7. Textron Inc.
- 7.9.8. Harley Davidson
- 7.9.9. CF Moto
- 7.9.10. KTM
- 7.9.11. KYMCO
- 7.9.12. Taiga Motors
- 7.9.13. Argo
- 7.9.14. Alpina
- 7.9.15. Suzuki Motor Corporation
List of Tables
- Table 1. Powersports market - Key market driver analysis
- Table 2. Powersports market - Key market restraint analysis
- Table 3. Powersports market estimates & forecast, by product (USD Billion)
- Table 4. Powersports market estimates & forecast, by fuel type (USD Billion)
- Table 5. North America Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 6. North America Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 7. North America Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 8. U.S. macro-economic outlay
- Table 9. U.S. Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 10. U.S. Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 11. U.S. Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 12. Canada macro-economic outlay
- Table 13. Canada Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 14. Canada Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 15. Canada Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 16. Mexico macro-economic outlay
- Table 17. Mexico Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 18. Mexico Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 19. Mexico Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 20. Europe Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 21. Europe Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 22. Europe Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 23. Germany macro-economic outlay
- Table 24. Germany Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 25. Germany Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 26. Germany Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 27. UK macro-economic outlay
- Table 28. UK Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 29. UK Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 30. UK Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 31. France macro-economic outlay
- Table 32. France Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 33. France Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 34. France Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 35. Italy macro-economic outlay
- Table 36. Italy Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 37. Italy Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 38. Italy Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 39. Spain macro-economic outlay
- Table 40. Spain Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 41. Spain Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 42. Spain Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 43. Asia Pacific Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 44. Asia Pacific Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 45. Asia Pacific Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 46. China macro-economic outlay
- Table 47. China Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 48. China Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 49. China Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 50. Japan macro-economic outlay
- Table 51. Japan Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 52. Japan Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 53. Japan Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 54. India macro-economic outlay
- Table 55. India Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 56. India Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 57. India Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 58. Australia macro-economic outlay
- Table 59. New Zealand macro-economic outlay
- Table 60. Australia & New Zealand Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 61. Australia & New Zealand Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 62. Australia & New Zealand Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 63. South Korea macro-economic outlay
- Table 64. South Korea Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 65. South Korea Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 66. South Korea Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 67. Central & South America Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 68. Central & South America Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 69. Central & South America Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 70. Brazil macro-economic outlay
- Table 71. Brazil Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 72. Brazil Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 73. Brazil Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 74. Middle East & Africa Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 75. Middle East & Africa Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 76. Middle East & Africa Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 77. Saudi Arabia macro-economic outlay
- Table 78. Saudi Arabia Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 79. Saudi Arabia Powersports market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
- Table 80. Saudi Arabia Powersports market revenue estimates and forecast by fuel type, 2018 - 2030 (USD Billion)
- Table 81. Recent developments & impact analysis, by key market participants
- Table 82. Company market share, 2023
- Table 83. Company heat map analysis
- Table 84. Companies undergoing key strategies
List of Figures
- Fig. 1 Powersports market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Product snapshot
- Fig. 8 Fuel type snapshot
- Fig. 9 Regional snapshot
- Fig. 10 Competitive landscape snapshot
- Fig. 11 Powersports market size, 2018 to 2030 (USD Billion)
- Fig. 12 Powersports market: Penetration & growth prospect mapping
- Fig. 13 Powersports market: Value chain analysis
- Fig. 14 Powersports market: Profit margin analysis
- Fig. 15 Powersports market: Market dynamics
- Fig. 16 Powersports market: Porter's five forces analysis
- Fig. 17 Powersports market, by product: Key Takeaways
- Fig. 18 Powersports market: Product movement analysis, 2023 & 2030 (%)
- Fig. 19 SXS market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 20 Heavy motorcycle market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 21 ATV market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 22 Off road motorcycle market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 23 Others market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 24 Powersports market, by fuel type: Key Takeaways
- Fig. 25 Powersports market: Fuel type movement analysis, 2023 & 2030 (%)
- Fig. 26 Powersports market: Regional outlook, 2023 & 2030 (USD Billion)
- Fig. 27 Regional marketplace: Key takeaways
- Fig. 28 North America Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 29 U.S. Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 30 Canada Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 31 Mexico Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 32 Europe Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 33 UK Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 34 Germany Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 35 France Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 36 Italy Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 37 Spain Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 38 Asia Pacific Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 39 China Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 40 Japan Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 41 India Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 42 Australia & New Zealand Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 43 South Korea Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 44 Central & South America Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 45 Brazil Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 46 Middle East & Africa Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 47 Saudi Arabia Powersports market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 48 Key company categorization
- Fig. 49 Company market share analysis, 2023
- Fig. 50 Strategic framework of Powersports market
