Improved Fuel Efficiency, Power Sports Market Expansion | Key Players are Kawasaki Motors, John Deere, Suzuki Motors, BRP, Harley-Davidson Motor, Yamaha Motor, Honda Motor Europe, Polaris Industries

Power Sports Market in North America dominates the overall power sports market volume share owing to presence of key manufacturers. Industry players such as Harley Davidson has increased product availability and accessibility with increasing number of brand outlet in the country. Companies are expanding their distribution channel to capture large consumer base. Government bodies such as National Park Service, National Oceanic & Atmosphere Administration, Federal Highway administration, The U.S. Forest Service, and Bureau of Land Management have taken initiatives to propel recreational industry resulting in power sports market growth during forecast period.

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Side by side power sports market will foresee around 3% CAGR owing to its demand for sports operations along with ability of the vehicle offering multiple seating facility. The vehicles provide higher functionality and smooth riding experience in difficult terrains. SSV provide multiple driving mode, better suspension and disc break that improves passenger safety and support industry growth. Snowmobile segment will witness sturdy growth in regions including Europe and North America.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Polaris Industries 
2. Honda Motor
3. Yamaha Motor
4. Harley Davidson
5. Arctic Cat
6. BRP
7. Suzuki Motors
8. John Deere
9. Kawasaki Motors
10. Kubota
11. Kymco

Power sports Market by Vehicle

• All-Terrain Vehicles
• Side By Side Vehicles
• Personal Watercrafts
• Snowmobiles
• Heavyweight Motorcycles

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All-terrain vehicle dominates power sports market with application in athletic and recreational activities. These vehicles can easily be adopted in activities including camping and other motorsports with minor changes. Rise in outdoor facilities such as recreational parks is continuously augmenting product demand. In addition, product offering no-clutch and semi-automatic transmission will further fuel the power sports market growth.

Positive product outlook particularly for the ATVs and SSVs across developing countries owing to increasing spending capacity, development of the rugged terrain and increasing distribution of the major manufacturers in the region. Stringent regulatory bodies are focusing on offering safety features along with reducing the accidents caused by these vehicles. Growth in tourism sector across the globe with local participants offering rental services for these vehicles will induce positive impact on the product demand.

Asia Pacific power sports market led by Japan, China and India will register gains at over 4.5% owing to rising disposable income. Rise in per capita spending is accelerating ATV and SSV sale. Industry players such as Honda Motors adopting innovative steps such as improving economy of scale to lower product cost and attract more consumers. Emerging nations such as India is taking initiatives to strengthen manufacturing segment further enhancing the product demand. Middle East & Africa power sports market size will foresee healthy growth owing to expansion in tourism industry.

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Key power sports vehicle manufacturers include Kubota, Kymco, Kawasaki Motors, John Deere, Suzuki Motors, BRP, Can-Am, Arctic Cats, Harley Davidson, Yamaha Motors, Honda Motors and Polaris Industries.

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