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Power Sports - Global Market Outlook (2017-2026)

Power Sports - Global Market Outlook (2017-2026)

Published: May 2019 ID: SMRC18271
Published: May 2019 ID: SMRC18271

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Power Sports Market is accounted for $9.62 billion in 2017 and is expected to reach $16.38 billion by 2026 growing at a CAGR of 6.1% during the forecast period. Some of the key factors influencing the market growth include growing high net worth population and wealth, growing penetration of off-road recreational activities across the globe and increased powerboat sales. However, High ownership cost in conjunction with increased carbon emissions is hampering the market growth.

Power sports are a subset of the summed up classification motorsports. Power sports vehicles generally have high powered engines and these vehicles are majorly used for recreational and utility purposes.

Based on the vehicle, Side by side vehicles has significant growth in the power sports market size during the forecast period, owing to the installation of structures including roll-cage enclosures and individual seatbelts for superior safety.

By Geography, Asia Pacific is expected to grow at the considerable market share during the forecast period, owing to the increased adoption of ATV’s and SSV’s across the region. Industry players are strengthening distribution and sales network to enhance the availability and accessibility for power sports vehicles.

Some of the key players in global power sports market are John Deere, BRP Inc., Zero Motorcycles, Polaris Industries Inc., Suzuki Motors, Harley Davidson, Kawasaki Heavy Industries, Ltd., Yahama Motors Co., Ltd., Kubota Corporation, Honda Motor Co., Ltd., Triumph, Textron Inc., BMW Motorrad, HISUN Motor and KYMCO.

Models Covered:
• Multi Personal Models
• Sit Down
• Stand Up

Vehicles Covered:
• Snowmobile
• Side By Side Vehicles
• Heavyweight Motorcycle
• All-Terrain Vehicles
• Personal Watercrafts
• Other Vehicles

Applications Covered:
• Water Entertainment
• Ground Entertainment
• Air Entertainment

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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