Press release
Power Sports Market is projected to reach $59.4 billion by 2032, growing at a CAGR of 7.4%, according to a report from Allied Market Research
Power Sports Market
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A11396
Power sports typically refer to recreational activities or sports that involve the use of vehicles with high power and performance capabilities. These activities often provide an exhilarating experience and are popular among thrill-seekers and enthusiasts. This category includes activities like off-roading, where individuals use powerful vehicles such as all-terrain vehicles (ATVs), quad bikes, dirt bikes, dune buggies, or side-by-side (SxS) vehicles to navigate challenging terrains, such as trails, sand dunes, or mud pits. Moreover, power sports in water include activities such as jet skiing, water skiing, wakeboarding, and personal watercraft (PWC) racing. These activities involve high-speed watercraft propelled by powerful engines.
๐๐๐๐๐ข๐ง๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
Polaris Inc.
Yamaha Motor Co., Ltd.
Honda Motor Co., Ltd.
Arctic Cat Inc.
Kawasaki Motors, Ltd.
Harley Davidson, Inc.
Bombardier Recreational Products Inc.
RumbleOn INC.
Kubota Corporation
Suzuki Motor Corporation
The report provides a detailed analysis of the key players of the global power sports market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Over the years, there has been an increasing interest among the global populations in taking part in outdoor recreational activities and adventures. As a result, there is growing demand for power sports which is predicted to be one of the important factors driving the growth of the global power sports market in the forecast timeframe. However, the high cost of power sports vehicles, such as motorcycles, ATVs, or personal watercraft may hamper the power sports market growth in the coming period. On the contrary, the growing popularity of power sports due to the thrill and excitement associated with these activities is expected to offer growth opportunities for expansion of the power sports market in the 2023-2032 forecast period.
๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐: ๐๐ฅ๐ฅ-๐๐๐ซ๐ซ๐๐ข๐ง ๐๐๐ก๐ข๐๐ฅ๐๐ฌ (๐๐๐) ๐๐ฎ๐-๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐๐ญ๐ก๐๐ซ ๐ ๐๐ฎ๐ ๐ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ซ๐ข๐จ๐
The all-terrain vehicles (ATV) sub-segment accounted for the highest power sports market share in 2022 and is expected to grow at a CAGR of 9.0% during the forecast period. ATVs are versatile and have the ability to traverse various terrains, such as mud, snow, sand, and rugged trails. This versatility has made them popular among a wide range of users, including recreational riders, outdoor enthusiasts, farmers, ranchers, and industrial workers which is predicted to boost the sub-segment's growth by 2032.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/power-sports-market/purchase-options
๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง: ๐๐๐ฌ๐จ๐ฅ๐ข๐ง๐ ๐๐ฎ๐-๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ ๐๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฌ๐ญ ๐๐ซ๐จ๐๐ข๐ญ๐๐๐ฅ๐ ๐๐ฒ ๐๐๐๐
The gasoline sub-segment accounted for the highest power sports market share in 2022 and is expected to grow at a stunning CAGR in the forecast period. Gasoline-powered vehicles, including motorcycles, ATVs, and personal watercraft, exhibit high-performance capabilities and greater power as compared to their electric counterparts. As a result, there is a growth in demand and usage of gasoline-powered vehicles which is predicted to boost the sub-segment's growth by 2032.
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง: ๐๐๐-๐๐จ๐๐ ๐๐ฎ๐-๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ ๐ฅ๐จ๐ฎ๐ซ๐ข๐ฌ๐ก ๐๐ฆ๐ฆ๐๐ง๐ฌ๐๐ฅ๐ฒ ๐๐ฒ ๐๐๐๐
The off-road sub-segment generated the highest market share in 2022 and is predicted to grow at a high CAGR of 8.0% by 2032 in the power sports market. Off-road vehicles, such as all-terrain vehicles (ATVs), utility task vehicles (UTVs), and dirt bikes, allow users to access remote locations, go camping, hunting, fishing, or simply enjoy off-road trails and tracks. These advantages have increased the demand for off-road vehicles among individuals who are drawn to adventure trips which is predicted to boost the sub-segment's growth by 2032.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A11396
๐๐๐ ๐ข๐จ๐ง: ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐ญ๐จ ๐๐จ๐ฅ๐ ๐๐๐ฃ๐จ๐ซ๐ข๐ญ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฒ ๐๐๐๐
The North America region accounted for the highest share in the global power sports market in 2022 and is expected to rise at a tremendous growth rate during the forecast period. The growing disposable incomes of young individuals of US and Canada has led to an increase in demand for outdoor recreational activities and adventures which is expected to be the main growth driver of the market in the North America region by 2032.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/powersports-batteries-market-A14590 - Global Opportunity Analysis and Industry Forecast, 2023-2035
https://www.alliedmarketresearch.com/atv-and-utv-market - Global Opportunity Analysis and Industry Forecast, 2022-2035
https://www.alliedmarketresearch.com/all-terrain-vehicle-market - Global Opportunity Analysis and Industry Forecast, 2021-2035
https://www.alliedmarketresearch.com/utility-terrain-vehicle-market - Global Opportunity Analysis and Industry Forecast, 2023-2035
๐๐จ๐ง๐ญ๐๐๐ญ:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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