Press release
PowerSports Market 2018 Top Key Players are Polaris Industries, Honda Motors, Yamaha Motors, Harley Davidson, Arctic Cats, Can-Am, BRP, Suzuki Motors, John Deere, Kawasaki Motors, Kubota, Kymco
Power Sports Market
One of the most pivotal driving factors of powersports market is the expanding tourism industry. As per the World Travel & Tourism Council (WTTC), the travel and tourism industry accounted 10.4% of the worldwide GDP in 2017. The sector also accounted for 313 million jobs in the year – nearly 10% of the total employment in 2017. As the popularity of tourism exhibits an upsurge, the demand for luxury vehicles for recreational sports will depict a rise, gradually propelling powersports market size, that was pegged at USD 10.5 billion in 2017.
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All-terrain vehicle powersports market is expected to continue their industry dominance through the forecast timeframe. This can be attributed to the growing popularity of sports competitions among youths, increasing number of outdoor parks, and ATV clubs for promoting the adoption and safe handling of the vehicles. Development of training facilities for offering training to customers have helped in improving the safety and customer satisfaction.
Top Key Players:-
The key players of global PowerSports Market are Polaris Industries, Honda Motors, Yamaha Motors, Harley Davidson, Arctic Cats, Can-Am, BRP, Suzuki Motors, John Deere, Kawasaki Motors, Kubota and Kymco.
Regional Segmentations:-
North America accounted for largest market share by volume in 2017. Government agencies including Bureau of Land Management (BLM) and Federal Highway Administration (FHWA) are increasingly motivating customers towards recreational activities thereby accelerating the industry growth.
Asia Pacific powersports market share is expected to witness significant gains at around 4.5% over the forecast timeframe. This can be attributed to increasing disposable income which have augmented the vehicles sales.
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Major Points of Table Of Content:-
Chapter 3. Power Sports Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Distributors
3.3.4. Profit margin trends
3.3.5. Distribution channel analysis
3.3.5.1. Wholesalers
3.3.5.2. Retailers
3.3.6. Vendor matrix
3.4. Technology landscape
3.5. Pricing analysis, by region
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.5.6. Cost structure analysis
3.6. Regulatory landscape, by region
3.6.1. North America
3.6.2. Europe
3.6.3. Asia Pacific
3.6.4. Latin America
3.6.5. MEA
3.7. Industry impact forces
3.7.1. Growth drivers by region
3.7.1.1. North America
3.7.1.2. Europe
3.7.1.3. Asia Pacific
3.7.1.4. Latin America
3.7.1.5. MEA
3.7.2. Industry pitfalls & challenges
3.8. Innovation & sustainability
3.9. Growth potential analysis
3.10. Porter's analysis
3.11. Competitive landscape, 2016
3.11.1. Market share analysis
3.11.2. Strategy dashboard
3.12. PESTEL analysis
Chapter 4. Power Sports Market, By Vehicle
4.1. Power sports market share by vehicle, 2017 & 2024
4.2. ATV
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013–2024
4.3. SSV
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Personal watercrafts
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Snowmobile
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Heavyweight motorcycle
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
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Rising employment rate, disposable income, and expenditure on recreational activities are expected to be the prominent factors that will fuel the power sports market growth. Growing popularity of off-road vehicles for adventure rides on different terrains will drive the product adoption. Augmenting demand for recreational activities across the globe is expected to positively influence the power sports market growth over the forecast timeframe. Motor sports and off-roads vehicles have witnessed significant demand owing to increasing urban population and popularity of the vehicles among youth. Proliferating demand for powersports vehicle in entertainment and sports will escalate the sales of personal watercrafts, snowmobiles, and side by side vehicle, thereby strengthening the industry growth.
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