Press release
Power Sports Market 2023- Market Size, Share, Competitive Landscape, Industry Analysis, Trends, And Forecast To 2032
Power Sports Market Analysis
As per the power sports market report by The Business Research Company, the rising participation in recreational activities, such as snowmobiling and off-road biking is expected to propel the growth of the power sports market. Recreational activities refer to the activities that people do in their leisure time for refreshing their bodies and minds. The activities like snowmobiling and off-biking require various power sports vehicles such as bikes, boats, and other vehicles and machines.
The global power sports market size grew from $31.43 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The power sports market size is expected to grow to $47.26 billion in 2027 at a CAGR of 8.5%.
Read More On The Power Sports Market Report Here:
https://www.thebusinessresearchcompany.com/report/power-sports-global-market-report
Major competitors in the power sports market include 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 power sports market is segmented -
• By Vehicle Type: All-Terrain Vehicle, Side-By-Side Vehicle, Personal Watercraft, Snowmobiles, Heavyweight Motorcycle
• By Model: Multi Personal, Sit Down, Stand Up
• By Application: On-Road, Off-Road
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the power sports market.
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Power sports are defined as a subset of the motorsports category that has high-performance engines and controlled handlebars for controlling the movement. The rider usually sits on a saddle for power sports vehicles, unlike sitting in enclosed spaces in other cars or vehicles. These are usually used for races and other similar sporting events.
The Table Of Content For The Power Sports Market Include:
1. Executive Summary
2. Power Sports Market Characteristics
3. Power Sports Market Trends And Strategies
4. Power Sports Market - Macro Economic Scenario
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
The "Global Power Sports Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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