Global Power Sports Market – Latest Trends, Forecast, and Opportunity Analysis

Global Power Sports Market by Vehicle Type (ATV, SSV, Personal Watercraft, Snowmobile, Heavyweight Motorcycle, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
This report, from Stratview Research, studies the global power sports market over the period 2012 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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The Global Power Sports Market: Highlights
The global power sports market promises a healthy growth opportunity and is likely to witness healthy growth during the forecast period of 2018 to 2023. Recovery of the global economy and increasing disposable income are the major drivers of the power sports market.
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.
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.

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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., and Kawasaki Motors. 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.
Research Methodology
Our reports offer high quality insights and are 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. We leverage more than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed 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 on 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
The global Power Sports market is segmented into the following categories.
Global Power Sports Market by Vehicle Type:
• All-Terrain Vehicle
o By Product Type
 Utility All-Terrain Vehicle
 Recreational All-Terrain Vehicle
 Sports All-Terrain Vehicle
 Touring All-Terrain Vehicle
 Other All-Terrain Vehicles
o 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
Global Power Sports Market by Region:
• North America
o By Vehicle Type
 All-Terrain Vehicle
 Side by Side Vehicle
 Personal Watercrafts
 Snowmobile
 Heavyweight Motorcycle (above 600CC)
 Other Power Sports
o 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

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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life

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