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Power Sports Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : John Deere, Polaris Inc, Kawasaki Heavy Industries Motorcycle & Engine Company

Power Sports Market

Power Sports Market

The global power sports market report by the business research company rising participation in recreational activities, such as snowmobiling and off-road biking to be a major growth driver for the power sports market. The activities like snowmobiling and off-biking require various power sports vehicles such as bikes, boats, and other vehicles and machines. For instance, according to The U.S. Bureau of Economic Analysis, a government-owned provider of official macroeconomic and industry statistics, in 2020, conventional outdoor recreation in the US accounted for 37.4% of the total US outdoor recreation, compared to 30.6% in 2019. Therefore, the growing rising participation in recreational activities, such as snowmobiling and off-road biking is driving the growth of the power sports market.

The global power sports market size is expected to grow from $29.04 billion in 2021 to $30.88 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The power sport market size is expected to grow to $39.95 billion in 2026 at a CAGR of 6.7%.

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https://www.thebusinessresearchcompany.com/report/power-sports-global-market-report

North America was the largest region in the power sports market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power sport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the power sports market are John Deere, Polaris Inc, Kawasaki Heavy Industries Motorcycle & Engine Company, Yamaha Motor Co. Ltd., Honda Motor Company Ltd., Suzuki Motor Corporation, Harley-Davidson Inc., Kubota Corporation, Kymco, Arctic Cat Inc., Textron Inc., Ducati Motor Holding S.p.A., Triumph Motorcycles Ltd, Zero Motorcycles Inc., and Hisun Motors Corp.

The global power sports market is segmented -
1) By Vehicle Type: All-Terrain Vehicle, Side-by-Side Vehicle, Personal Watercraft, Snowmobiles, Heavyweight Motorcycle
2) By Model: Multi Personal, Sit Down, Stand Up
3) By Application: On-Road, Off-Road

Request A Sample Of The Power Sports Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6405&type=smp

The Power Sports Market Report Contents Include
1. Executive Summary
2. Power Sports Market Characteristics
3. Power Sports Market Trends And Strategies
4. Impact Of COVID-19 On Power Sports
5. Power Sports Market Size And Growth
....
26. Africa Power Sports Market
27. Power Sports Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power Sports Market
29. Power Sports Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Power Sports market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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