Powersports Market: 2018 Global Size, Share, Business Insights, and Regional Analysis Forecast Data To 2027

April. 4, 2018 (NEWS) -- Powersports Market Research Report 2018 expands information on Powersports Market by Terrains (All Terrain Vehicles and Side by Side), by Models (Stand Up, Sit Down and Multi personal Models) and by Regions. The global market of Powersports will grow at a rapid pace over the forecast period. Power sports are a subset of the summed up classification motorsports. Case of power sports vehicles are bikes, ATVs, snowmobiles and PWCs. One of the characterizing components of any power sport is the utilization of a engine, some way or the other. With the increasing popularity the Power Sports segment is going to witness a significant growth in the forecasted period.

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Applications within the Power Sport Industry include motorcycles, UTVs, ATVs, snowmobiles, and personal water crafts (PWCs). The high-performance vehicles require high powered regulators and contactors which need to perform in a variety of harsh environments. Power sports products are designed to resist common environmental hazards such as moisture, dirt/debris, vibration/shock, and high operating temperatures. One of the characterizing components of any power sport is the utilization of a engine, some way or the other. With the increasing popularity the Power Sports segment is going to witness a significant growth in the forecasted period.

Powersports Market Companies Analyzed in report are: Honda Motor, Yamaha Motor, Polaris industries, Harley Davidson and Arctic Cat. Polaris.

The major products used by this industry includes high current voltage regulators, sealed plastic contactors, and various electronic controls. The powersports is a subset of the generalized category of motorsports. The powersports are distinguished and defined from the other on the basis of use of engine.

The Powersports market is expected to increase due to increasing urban population, growth in global GDP per-capita, increasing global youth population, etc. The market faces some challenges such as, high cost of snowmobiles, prone to economic fluctuations and high susceptibility to weather conditions. Integration of audio entertainment, mobile phones and Go-Pro cameras in recreational off-road vehicles enhances driving experience. Also, connectively of integrated bluetooth headsets provides advance communication channels between riders. Touch screen dashboard monitors tracks and displays better vehicle diagnostics, display various navigation tools and can be effectively used with glove covered fingers.

Market Segmentation:

Segmentation by Terrains - All Terrain Vehicles and Side by Side

Segmentation by Models - Stand Up, Sit Down and Multi personal Models

Segmentation by Regions: North America, Europe, APAC and Rest of the World.   

Geographic Analysis:

North America led the global power sports market. In snowmobile vehicle segment, the North America region is the largest industry player owing to high demands in adventurous sporting. The sales of motorcycle and PWC segments significantly improved after the global economic recession in the region. 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.

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Target Audience of Report:

This report mainly focuses on Powersports market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Powersports market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Powersports market studied.

Industry/ Innovation/ Related News:

Nov, 2017- American Honda announced its midsize adventure-touring machine, enabling sportier performance while retaining the practical, utilitarian attributes for which it is known. The new NC750X will initially be offered in Europe. The new model year brings a 75cc displacement increase to 745cc, along with the addition of two-level Honda Selectable Torque Control (HSTC).

Sep 2017- Textron Inc. acquired Arctic Cat in March 2017, adding another powerful brand to its portfolio of aircraft, professional tools, turf-care equipment and mowers, among many others. Most Arctic Cat side-by-sides and ATVs, including the Alterra, Prowler and Wildcat product lines, will now carry the Textron Off Road brand name, according to the company.

The competition in the global powersports market is dominated by the three big players, Arctic Cat, Polaris Industries Inc., and Yamaha Motor Co. Ltd. The industry is highly competitive in nature with all divisions operating in a highly consolidated structure. Every key market player conducts a analysis of their business & financial overview and business strategies. Heavy R&D expenditure for upgradation of technologies is carried out by major industry players. The drive to expand product features including minimal maintenance, enables them to remain competitive in the industry. The companies are coming up with modern technologies and product launch to capture this growing industry. The key components expected to drive the market growth include increased replacement demand for boats, expanding spending rate on power sports products, constant worldwide economic development, and developing urban population.

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