Global Power Sports Market (ATV, SSV, Snowmobiles, Motorcycles & PWC) Report: Insights, Trends and Forecast (2019-2023)
The global power sports market is estimated to reach US$13.32 billion in 2023, growing at a CAGR of 4.7% for the period spanning from 2018 to 2023. The factors such as increasing new power boat sales, improving consumer confidence index, rising young population, accelerating economic growth and escalating urban population are expected to drive the market growth. However, growth of the industry would be challenged by seasonality of power sports vehicles sales, weather fluctuations environmental issues and high maintenance cost. A few notable trends include increased power sports product offerings, technological advancement, economical impact of snowmobiling, artificial intelligence (AI) applications in power sports vehicles and emergence of next generation engines.
The power sports market comprises four main segments namely snowmobiles, powerboats (PWC and others), motorcycles and off-road vehicles, which further includes all-terrain vehicles (ATVs) & side-by-side vehicles (SSVs). High preference of side-by-side vehicles in developing economies helped off-road vehicles to remain at top position amongst all the segments in 2018.
The fastest growing regional market is North America owing to favourable weather conditions and increasing consumers spending on recreational and sports activities. The U.S. and Canada are the two largest market for power sports and are already well-penetrated at developed market levels.
Scope of the report:
- The report provides a comprehensive analysis of the global power sports market, segmented into off-road vehicles [(All-Terrain Vehicles (ATVs) & Side-by-Side vehicles (SSVs)], snowmobiles, powerboats (PWC and others) and motorcycles.
- The major regional markets (North America and Europe) have been analysed, along with country coverage of the U.S, Canada, UK and Germany.
- The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Polaris, BRP, Honda, Textron, Kawasaki and Yamaha Corporation) are also presented in detail.
- Power Sports Manufacturers
- Raw Material/Component Suppliers
- End Users
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Introduction
- Table 1: Power Sports Vehicle – Product Types
- 1.2 Off-Road Vehicles
- 1.3 Snowmobiles
- 1.4 Powerboats
- 1.5 Motorcycles
- 2. Global Power Sports Market Analysis
- 2.1 Global Power Sports Market Value Forecast
- Table 2: Global Power Sports Market Value Forecast (2018-2023)
- 2.2 Global Power Sports Market Volume by Segment
- Table 3: Global Power Sports Market Volume by Segment (2018)
- 2.3 Global Power Sports Market Volume Forecast by Segment
- Table 4: Global Power Sports Market Volume Forecast by Segment (2023)
- 2.4 Global Off-Road Vehicles Market Volume
- 2.4.1 Global Off-Road Vehicles Market Volume
- Table 5: Global Off-Road Vehicles Market Volume (2014-2018)
- 2.4.2 Global Off-Road Vehicles Market Volume Forecast
- Table 6: Global Off-Road Vehicles Market Volume Forecast (2019-2023)
- 2.4.3 Global Off-Road Vehicles Market Volume by Segment
- Table 7: Global Off-Road Vehicles Market Volume by Segment (2018-2023)
- 2.4.4 Global Side-by-Side Vehicles Market Volume
- Table 8: Global Side-by-Side Vehicles Market Volume (2014-2018)
- 2.4.5 Global Side-by-Side Vehicles Market Volume Forecast
- Table 9: Global Side-by-Side Vehicles Market Volume Forecast (2019-2023)
- 2.4.6 Global ATV Market Volume
- Table 10: Global ATV Market Volume (2014-2018)
- 2.4.7 Global ATV Market Volume Forecast
- Table 11: Global ATV Market Volume Forecast (2019-2023)
- 2.4.8 Global ATV Market Volume by Region
- Table 12: Global ATV Market Volume by Region (2018)
- 2.5 Global Snowmobile Market Volume
- 2.5.1 Global Snowmobiles Market Volume
- Table 13: Global Snowmobiles Market Volume (2014-2018)
- 2.5.2 Global Snowmobiles Market Volume Forecast
- Table 14: Global Snowmobiles Market Volume Forecast (2019-2023)
- 2.5.3 Global Snowmobiles Market Volume by Segments
- Table 15: Global Snowmobiles Market Volume by Segments (2018)
- 2.5.4 Global Snowmobiles Market Volume by Region
- Table 16: Global Snowmobiles Market Volume by Region (2018)
- 2.6 Global Personal Watercraft Market Volume
- 2.6.1 Global Personal Watercraft Market Volume
- Table 17: Global Personal Watercraft Market Volume (2014-2018)
- 2.6.2 Global Personal Watercraft Market Volume Forecast
- Table 18: Global Personal Watercraft Market Volume Forecast (2019-2023)
- 2.6.3 Global Personal Watercraft Market Volume by Region
- Table 19: Global Personal Watercraft Market Volume by Region (2018)
- 3. Regional Power Sports Market Analysis
- 3.1 North America
- 3.1.1 North America Snowmobile Market Volume
- Table 20: North America Snowmobile Market Volume (2014-2018)
- 3.1.2 North America Snowmobile Market Volume Forecast
- Table 21: North America Snowmobile Market Volume Forecast (2019-2023)
- 3.1.3 The U.S. Snowmobile Market Volume
- Table 22: The U.S. Snowmobile Market Volume (2014-2018)
- 3.1.4 The U.S. Snowmobile Market Volume Forecast
- Table 23: The U.S. Snowmobile Market Volume Forecast (2019-2023)
- 3.1.5 The U.S. Snowmobile Registration by State
- Table 24: The U.S. Snowmobile Registration by State (2016-2018)
- 3.1.6 The U.S. ATV Market Volume
- Table 25: The U.S. ATV Market Volume (2014-2018)
- 3.1.7 The U.S. ATV Market Volume Forecast
- Table 26: The U.S. ATV Market Volume Forecast (2019-2023)
- 3.1.8 The U.S. Powerboat Market Volume
- Table 27: The U.S. Powerboat Market Volume (2014-2018)
- 3.1.9 The U.S. Powerboat Market Volume Forecast
- Table 28: The U.S. Powerboat Market Volume Forecast (2019-2023)
- 3.1.10 The U.S. Powerboat Market Volume by Segments
- Table 29: The U.S. Powerboat Market Volume by Segments (2018)
- 3.1.11 The U.S. Powerboat Market Volume by Engine Types
- Table 30: The U.S. Powerboat Market Volume by Engine Types (2018)
- 3.1.12 The U.S. Personal Watercraft Market Volume
- Table 31: The U.S. Personal Watercraft Market Volume (2014-2018)
- 3.1.13 The U.S. Personal Watercraft Market Volume Forecast
- Table 32: The U.S. Personal Watercraft Market Volume Forecast (2019-2023)
- 3.1.14 The U.S. Motorcycle Market Volume
- Table 33: The U.S. Motorcycle Market Volume (2014-2018)
- 3.1.15 The U.S. Motorcycle Market Volume Forecast
- Table 34: The U.S. Motorcycle Market Volume Forecast (2019-2023)
- 3.1.16 The U.S. Motorcycle Market Volume by Segment
- Table 35: The U.S Motorcycle Market Volume by Segment (2018)
- 3.1.17 The U.S. New 601cc+ Motorcycle Registration Motorcycles
- Table 36: The U.S. New 601cc+ Motorcycle Registration Motorcycles (2014-2018)
- 3.1.18 Canada ATV Market Volume
- Table 37: Canada ATV Market Volume (2014-2018)
- 3.1.19 Canada ATV Market Volume Forecast
- Table 38: Canada ATV Market Volume Forecast (2019-2023)
- 3.1.20 Canada Snowmobile Market Volume
- Table 39: Canada Snowmobile Market Volume (2014-2018)
- 3.1.21 Canada Snowmobile Market Volume Forecast
- Table 40: Canada Snowmobile Market Volume Forecast (2019-2023)
- 3.1.22 Canada Snowmobile Registration by Province
- Table 41: Canada Snowmobile Registration by Province (2016-2018)
- 3.2 Europe
- 3.2.1 Europe New 601+cc Motorcycle Registration
- Table 42: Europe New 601+cc Motorcycle Registration (2014-2018)
- 3.2.2 Europe New 601+cc Motorcycle Registration Forecast
- Table 43: Europe New 601+cc Motorcycle Registration Forecast (2019-2023)
- 3.2.3 Germany New Motorcycle Registration
- Table 44: Germany New Motorcycle Registration (2014-2018)
- 3.2.4 Germany New Motorcycle Registration Forecast
- Table 45: Germany New Motorcycle Registration Forecast (2019-2023)
- 3.2.5 The U.K. New Motorcycle Registration by Category
- Table 46: The U.K. New Motorcycle Registration by Category (2017-2018)
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.1.1 Increasing New Power Boat Sales
- Table 47: The U.S. New Power Boat Sales (2014-2018)
- 4.1.2 Improving Consumer Confidence Index
- Table 48: Consumer Confidence Index in US and Europe (2008-2018)
- 4.1.3 Rising Young Population
- Table 49: Global Young Population (2010-2025)
- 4.1.4 Accelerating Economic Growth
- Table 50: Global Gross Domestic Product (GDP) per Capita (2014-2018)
- 4.1.5 Escalating Urban Population
- Table 51: Global Urban Population (2014-2018)
- 4.2 Key Trends and Developments
- 4.2.1 Increased Power Sports Product Offerings
- Table 52: Power Sports Products Offered at Dealers in US (2017-2018)
- 4.2.2 Technological Advancement
- Table 53: Technological Advancements in Global Power Sports Industry (2019)
- 4.2.3 Economical Impact of Snowmobiling
- Table 54: Economic Impact of Snowmobiling by Region (2018)
- 4.2.4 Artificial Intelligence (AI) Applications in Power Sports Vehicles
- 4.2.5 Emergence of Next Generation Engines
- 4.3 Challenges
- 4.3.1 Seasonality of Power Sports Vehicles Sales
- Table 55: The U.S. On Highway Retail Unit Sales (1998-2018)
- Table 56: The U.S. All-Terrain Vehicles Retail Unit Sales (2000-2018)
- 4.3.2 Weather Fluctuations
- 4.3.3 Environmental Issues
- 4.3.4 High Maintenance Cost
- 5. Competitive Landscape
- 5.1 Global Power Sports Market
- 5.1.1 Key Players – Revenue Comparison
- Table 57: Key Players – Revenue Comparison (2018)
- 5.1.2 Key Players – Market Cap Comparison
- Table 58: Key Players – Market Cap Comparison (2019)
- 5.1.3 Key Players – Side-by-Side Vehicles Market Share Comparison
- Table 59: Key Players – Global Side-by-Side Vehicles Market Share Comparison (2014-2018)
- 5.1.4 Key Players – ATV Market Share Comparison
- Table 60: Key Players – Global ATV Market Share Comparison (2014-2018)
- 5.1.5 Key Players – Snowmobiles Market Share Comparison
- Table 61: Key Players – Global Snowmobiles Market Share Comparison (2014-2018)
- 5.2 The U.S. Power Sports Market
- 5.2.1 Key Players – Personal Watercraft Market Share Comparison
- Table 62: Key Players – US Personal Watercraft Market Share Comparison (2015-2018)
- 6. Company Profiles
- 6.1 Polaris Industries Inc.
- 6.1.1 Business Overview
- Table 63: Polaris Sales by Business Segments (2018)
- 6.1.2 Financial Overview
- Table 64: Polaris Sales and Net Income (2014-2018)
- 6.1.3 Business Strategies
- Table 65: Polaris R&D Expenditures (2016-2018)
- 6.2 Bombardier Recreational Products Inc.
- 6.2.1 Business Overview
- Table 66: BRP Revenues by Business Segments (2019)
- 6.2.2 Financial Overview
- Table 67: BRP Revenues and Net Income (2015-2019)
- 6.2.3 Business Strategies
- Table 68: BRP Product Launches (2019)
- 6.3 Honda Motor Co., Ltd.
- 6.3.1 Business Overview
- Table 69: Honda Business Segment Overview (2019)
- Table 70: Honda Revenue by Business Segment (2019)
- 6.3.2 Financial Overview
- Table 71: Honda Revenue and Net Profit (2015-2019)
- 6.3.3 Business Strategies
- Table 72: Honda R&D Expenditures (2017-2019)
- 6.4 Textron Inc.
- 6.4.1 Business Overview
- Table 73: Textron Revenues by Business Segments (2018)
- 6.4.2 Financial Overview
- Table 74: Textron Revenues and Net Income (2014-2018)
- 6.4.3 Business Strategies
- 6.5 Kawasaki Heavy Industries, Ltd.
- 6.5.1 Business Overview
- Table 75: Kawasaki Business Segments Overview (2019)
- Table 76: Kawasaki Net Sales by Business Segments (2019)
- 6.5.2 Financial Overview
- Table 77: Kawasaki Net Sales and Net Income (2015-2019)
- 6.5.3 Business Strategies
- Table 78: Kawasaki R&D Expenditures (2017-2019)
- 6.6 Yamaha Corporation (Yamaha Motors)
- 6.6.1 Business Overview
- Table 79: Yamaha Corporation Net Sales by Business Segments (2019)
- 6.6.2 Financial Overview
- Table 80: Yamaha Corporation Net Sales and Net Income (2015-2019)
- 6.6.3 Business Strategies
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook