Powersports Global Market is segmented by Terrains (All-Terrain Vehicles and Side by Side), by Models (Stand Up, Sit Down and Multi personal Models),and Region.
Powersports Global Market Key Players Analyzed in Report Are:
Honda Motor, Yamaha Motor, Polaris industries, Harley Davidson and Arctic Cat. Polaris are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Powersports Market.
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Powersports Market Highlights:
The Powersports industry comprises recreational and utility-oriented vehicles and is leisure and lifestyle-based industry. The industry includes off-road Vehicles (ORVs), including all-terrain vehicles (ATVs) and side-by-side vehicles (SxS), snowmobiles, motorcycles, and personal water crafts (PWC).
Powersports are a subset of the summed-up classification motorsports. Case of Powersports vehicles are bikes, ATVs, snowmobiles and PWCs. One of the characterizing components of any power sport is the utilization of a engine, some way or the other. With the increasing popularity the Powersports segment is going to witness a significant growth in the forecasted period.
The Powersports market is expected to increase due to increasing urban population, growth in global GDP per-capita, increasing global youth population, etc. The market faces some challenges such as, high cost of snowmobiles, prone to economic fluctuations and high susceptibility to weather conditions. Integration of audio entertainment, mobile phones and Go-Pro cameras in recreational off-road vehicles enhances driving experience.
Also, connectively of integrated Bluetooth headsets provides advance communication channels between riders. Touch screen dashboard monitors tracks and displays better vehicle diagnostics, display various navigation tools and can be effectively used with glove covered fingers.
Powersports Market Segmentation:
The Powersports Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Terrains – All Terrain Vehicles and Side by Side
Segmentation by Models – Stand Up, Sit Down and Multi personal Models
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
The market is mainly concentrated in the region of North America (the US and Canada) and Europe in particular. North America led the global Powersports market. In snowmobile vehicle segment, the North America region is the largest industry player owing to high demands in adventurous sporting. The sales of motorcycle and PWC segments significantly improved after the global economic recession in the region.
The Market is for the most part concentrated in North America, the US and Canada, specifically. The key components which are expected to drive market growth include increased replacement demand for boats, expanding spending rate on Powersports products, constant worldwide economic development, and developing urban population.
In the US, California Air Resources Board (CARB) governs the vehicle emission regulations to curb air pollution. This law states that all the All-Terrain Vehicles (ATV) must demonstrate efficient exhaust and vehicle emission control systems along with well stated CARB emission standards.
Major Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
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