Power Sports Market: Global Analysis, Opportunities & Forecast To 2026

On the geographical front, APAC power sports market is anticipated to record high demand for ATVs, motorcycles and side by side vehicles owing to the expansion of subsidies of manufacturer as well as growing consumer awareness. The regional growth is ascribed to low prices of product due to low manufacturing costs and available low tax options.

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With construction of new off-road recreational centers and maintenance and development of existing sites, the global power sports market is projected to witness a lucrative rate of growth over the forthcoming time period. Governments across the world are actively involved in the assigning of new off-road trails along with upgrading the existing ones, thereby supporting the industrial growth.

Citing an instance, the Ministry of Culture, Sport, and Parks of Canada, back in 2016, launched ATV and snowmobile trails in the Moose Mountain Provincial Park. The Saskatchewan government and the National Trains Coalition invested around $250,000 for this project, thus playing an integral role in attracting off-roading fans for sports and recreational activities in the region.

With respect to vehicle, the continuing mobility trends as well as developments in the automotive industry, like machine learning, vehicle sharing, electrification, and self-driving features, are also changing the power sports industry product portfolio drastically.

Technologies such as autonomous driving and driver-assistance, are projected to support the transformation of traditional power sports products over the projected time period. Furthermore, the introduction of machine learning and electric cars is further impelling manufacturers of power sports vehicles to innovate their offerings by incorporating eco-friendly and electric features.

All in all, the above-mentioned factors are likely to offer a diverse range of growth opportunities for global power sports market players. The competitive landscape of global power sports industry includes companies like Deere & Company, Kubota Corporation, Honda Motor Co., Ltd., Kawasaki Motors Corporation, Suzuki Motor Corporation, Arctic Cat Inc, BRP Inc., Yamaha Motor Co., Ltd., KYMCO and Polaris Industries Inc., among others.

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Some Point Form TOC:

 Data Tables

TABLE 1. Power sports industry 360synopsis, 2015 - 2026

TABLE 2. Power sports industry, 2015 – 2019 (USD Million)

TABLE 3. Power sports industry, 2020 – 2026 (USD Million)

TABLE 4. Power sports industry, 2015 – 2019 (Units)

TABLE 5. Power sports industry, 2020 – 2026 (Units)

TABLE 6. Power sports industry, by region, 2015 – 2019 (USD Million)

TABLE 7. Power sports market, by region, 2020 - 2026 (USD Million)

TABLE 8. Power sports industry, by region, 2015 – 2019 (Units)

TABLE 9. Power sports industry, by region, 2020 - 2026 (Units)

TABLE 10. Power sports industry, by vehicle, 2015 – 2019 (USD Million)

TABLE 11. Power sports market, by vehicle, 2020 - 2026 (USD Million)

TABLE 12. Power sports industry, by vehicle, 2015 – 2019 (Units)

TABLE 13. Power sports industry, by vehicle, 2020 - 2026 (Units)

TABLE 14. Vendor matrix

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