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Online Powersports Market Size By Vehicle (All-Terrain Vehicle (ATV), Side By Side Vehicle, Personal Watercraft, Snowmobile, Heavyweight Motorcycle), COVID-19 Impact Analysis, Regional Outlook, Growth Potential & Forecasts, 2023 – 2032

  • Report ID: GMI4754
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistics

Online Powersports Market size surpassed USD 5 billion in 2022 and is anticipated to register 5% CAGR from 2023 to 2032, backed by the paradigm shift from conventional retail to e-commerce shopping experiences.

Online Powersports Market

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The rising penetration of artificial intelligence (AI) and rapid digitization have fueled huge interest in e-commerce platforms to transform the traditional business models. This has attracted significant investments from both private as well as public sectors to keep up with the new trends. According to India Brand Equity Foundation, the e-commerce sector of India reported an influx of USD 15 billion in 2021, 5.4 times higher than that in 2020. Additionally, the recent breakthroughs in next-generation technologies such as augmented reality (AR) and virtual reality (VR) are also likely to transform the space of power sports in the future.

Data security concerns to hamper the online powersports market growth

The increasing adoption of cloud and the massive volumes of data generation have increased the data security and privacy concerns. Due to growing dependence on the adoption of online infrastructure, organizations worldwide have become more prone to sophisticated data breaches and cyberattacks, necessitating robust data security solutions. For instance, the Indian Computer Emergency Response Team (CERT-In) reported 14,02,809 cyber breach incidents in 2021, higher than 11,58,208 incidents tracked in 2020. Furthermore, online powersports platforms store vast amount of data including personal information of customers, and credit card details requiring sufficient security against data breaches.

Surging popularity of heavyweight motorcycles in adventure tourism to foster industry development


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of online powersports surpassed USD 5 billion in 2022 and is anticipated to witness 5% CAGR from 2023 to 2032, explains GMI study.

Heavyweight motorcycles are projected to capture 38.5% market share by 2032 due to the growing availability of rental adventure bikes.

North America industry size is estimated to amass USD 6.4 billion in 2032 owing to the increasing number of internet users across the U.S. and Canada.

Some of the major firms operating in the competitive landscape are Polaris Industries, Honda Motors, Yamaha Motor Corporation, Kawasaki Motors Corporation, and BRP.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 81
  • Countries covered: 12
  • Pages: 200
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