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Power Sports Accessories Market Trends

  • Report ID: GMI6233
  • Published Date: Jul 2023
  • Report Format: PDF

Power Sports Accessories Market Trends

Power sports accessories are being incorporated with advanced technologies to elevate user experiences and improve performance. GPS navigation systems allow riders to explore new routes confidently. Wireless communication equipment enable seamless communication between riders. Smartphone connectivity enables access to apps and features on the go. Electronic suspension systems enhance ride comfort and control. These technological advancements enhance convenience, safety, and overall enjoyment for power sports enthusiasts.
 

Manufacturers of power sports accessories are recognizing the importance of fashion and style along with functionality. They are placing greater emphasis on sleek designs, vibrant colors, and visually appealing aesthetics. This approach caters to consumers seeking accessories that enhance performance and possess an attractive look. Manufacturers are also incorporating modern design elements and trendy patterns into helmets, riding gear, or vehicle accessories to attract fashion-conscious consumers. By blending fashion with functionality, power sports accessories offer high performance and allow riders to express their style & preferences.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of power sports accessories was reached USD 5.3 billion in 2022 and is set to expand at 9.7% CAGR from 2023 to 2032, driven by the significantly rising interest in outdoor recreational activities and the booming luxury tourism & adventure travel globally.

The heavyweight motorcycles segment held around 56% market share in 2022, owing to the rising popularity of high-performance motorcycles among enthusiasts seeking powerful & thrilling riding experiences.

North America market held more than 38% revenue share in 2022, attributed to the strong culture of power sports and outdoor activities and a significant number of power sports enthusiasts coupled with well-developed infrastructure to support power sports activities in the region.

Harley-Davidson, Inc., Honda Motor Co., Ltd., Kawasaki Heavy Industries Ltd., KTM AG, Yamaha Motor Co., Ltd., Suzuki Motor Corporation, and BRP Inc. are some of the major companies engaged in the industry.

Power Sports Accessories Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 268
  • Countries covered: 16
  • Pages: 300
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