Power Sports Aftermarket Size By Vehicles (All-Terrain Vehicles [Driveline & Transmission Parts, Electronics, Frame Body Parts, Brake Systems, Engine Systems], Side-by-Side Vehicles [Driveline & Transmission Parts, Electronics, Frame Body Parts, Brake Systems, Engine Systems], Snowmobiles [Driveline & Transmission Parts, Electronics, Frame Body Parts, Brake Systems, Engine Systems], Heavyweight Motorcycles [Driveline & Transmission Parts, Electronics, Frame Body Parts, Brake Systems, Engine Systems], Personal Watercrafts [Driveline & Transmission Parts, Electronics, Frame Body Parts, Brake Systems, Engine Systems]), By Sales Channel (Offline, Online), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jan 2021  |  Report ID: GMI4792  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 250   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Power Sports Aftermarket size was over USD 10 billion in 2020 and will grow at a CAGR of around 5% from 2021 to 2027. The upward market trend of enhancing the driving experience of power sports vehicles is encouraging industry players to offer low-cost parts in the aftermarket.

The growing number of off-road events has increased the demand for power sports vehicles, positively impacting the market statistics. For instance, in January 2020, the World Off-Road Racing Series (WORCS) conducted an off-road race event for ATV/SXS vehicles in Las Vegas, U.S. Factors, such as accidents and off-road racing, led to severe damages to vehicle parts, creating a robust market demand for cost-effective aftermarket products.

Power Sports Aftermarket
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Increasing investments by power sports vehicle manufacturers and government authorities in the development of off-roading infrastructure are expected to provide new opportunities for the industry. In September 2019, Polaris announced its plans to grant USD 90,000 to several off-road and ATV organizations in the U.S. The grant was sanctioned as a part of the company’s T.R.A.I.L.S. Grants program which emphasizes on the growth of the off-road riding industry. Strong off-roading infrastructure has led to a growing participation in off-roading and recreational activities, driving the industry demand.

The high initial investments required for setting up manufacturing facilities for aftermarket parts is one of the major industry challenges restricting the industry growth. The production of power sports aftermarket vehicle components requires high-end machinery for manufacturing of axles, wheel bearings, bumpers, clutch plates, tires, and other customized components, contributing to the increase in the overall cost of production, therefore, restricting the market size through 2027. To overcome these challenges, market players are focusing on standardizing the components based on different models.

The outbreak of COVID-19 pandemic negatively impacted the industry in 2020. The spread of the virus and implementation of stringent lockdown restrictions across the globe by government authorities affected the industry in 2020. Several companies were forced to shut down their production facilities due to market factors such as shortage of raw materials and lack of labor during the first two quarters of 2020. The growing financial and health-related insecurities among consumers hindered the adoption of power sports vehicles, resulting in slow market growth.

Power Sports Aftermarket Report Coverage
Report Coverage Details
Base Year:2020Historical Data for:2016 to 2020
Market Size in 2020:10 Billion (USD)Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:5%No. of Pages:250
2027 Value Projection:14 Billion (USD) Tables, Charts & Figures:412
Geographies covered (16):U.S., Canada, U.K., Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, UAE, South Africa, Saudi Arabia
Segments covered:Vehicle, Sales Channel
Growth Drivers:
  • Rising disposable income of individuals in North America and Europe
  • Growing number of accidents and damage caused during the events increases the demand for aftermarket parts
  • Increasing off-road and coastal events in Asia Pacific
  • Rising development of amusement park and trails in MEA and LATAM
  • High R&D investments and product innovation
Pitfalls & Challenges:
  • High cost for aftermarket manufacturing setup
  • Counterfeiting of components

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Growing off-roading activities supporting the ATV demand

The ATV vehicle segment held over 15% market share in 2020 owing to the increasing demand for such vehicles in recreational, sports, and leisure activities. The ability of ATVs to travel through any terrain along with a compact footprint and easier maneuverability will support their dominance in the power sports aftermarket. The lower age restrictions, reduced maintenance costs, and lower vehicle weight compared to other power sports vehicles will also strengthen the market revenues.

The ATV segment is further categorized as driveline & transmission parts, electronics, frame body parts, brake systems, engine systems, and others. The ATV frame body aftermarket parts segment captured high market share with about USD 430 million revenue in 2020. New product launches are also poised to drive the industry. For instance, in December 2019, Tesla developed its all-electric ATV to reduce carbon emission. The development of new products with the increasing trend of replacing OEM parts with power sports aftermarket components is set to spur the market.

Increasing convenience offered by online channels propelling the segment growth

Global Power Sports Aftermarket Market

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The online sales channel segment is anticipated to register a CAGR of more than 6.5% through 2027. The positive outlook of the e-commerce market is supporting the growth of online sales channels. Enhanced convenience offered by online channels including e-commerce websites and other online distributors will positively impact the industry statistics.

The industry has seen a rise in the online sales of parts and components during the past decade driven by growing digitalization and collaboration of market players with online platforms. For instance, in January 2020, Starwood Motors partnered with an aftermarket dealer, Outdoor Powersports to increase its sales. Online distributors offer discounts and cash rebates on power sports products. They also allow consumers to compare the prices of components offered by different dealers and manufacturers on a single platform, augmenting the market representation.

Presence of established industry players is fueling the Europe market

Europe Power Sports Aftermarket Market

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The Europe power sports aftermarket valued at USD 2.5 billion in 2020 and is likely to grow at a CAGR of above 4% from 2021 to 2027. The growing number of sports activities and rising consumer disposable income levels in the region are some of the major factors driving the market. The presence of several market leaders, suppliers, and dealers including KTM, ASP Group, and Honda Motor is also fueling the industry.

The introduction of new aftermarket parts by manufacturers in Europe is contributing to the industry growth through 2027. For instance, in August 2018, Camso introduced its new track models for snowmobiles. The models include the cross-country Hurricane 175, ICE Storm 150 and Conquer 260 that provides enhanced grip to snowmobiles. The introduction of new vehicle models is also set to increase the demand for additional parts and components.

Product development and global expansion are at the forefront of company strategic initiatives

Major power sports aftermarket industry players are focusing on the development of new products and are undertaking the expansion of distribution channels to cater to the untapped regions. For instance, in August 2020, Arrowhead Engineered Products, Inc. launched a new e-commerce website, All Balls Racing Group, which offers various replacement parts for ATVs, UTVs, and snowmobiles. The parts include electrical components, engine systems, fuel, and tools.

Key players present in the power sports aftermarket include AISIN SEIKI Co., Ltd., Yamaha Motor Co., Ltd., Kubota Corporation, Bombardier Recreational Products, Honda Motor Co., Ltd., Deere & Company, Harley Davidson, KWANG YANG MOTOR CO., LTD, LeMans Corporation, Motorsport Aftermarket Group, Kawasaki Motors Corporation, Polaris Inc., Textron Inc, Suzuki Motor Corporation, and Western Power Sports.

The research report on power sports aftermarket includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2021 to 2027 for the following segments:

Market, By Vehicle

  • All-terrain vehicles
    • Driveline & transmission parts
    • Electronics
    • Frame Body Parts
    • Brake Systems
    • Engine Systems
    • Others
  • Side-by-side vehicles
    • Driveline & transmission parts
    • Electronics
    • Frame Body Parts
    • Brake Systems
    • Engine Systems
    • Others
  • Snowmobiles
    • Driveline & transmission parts
    • Electronics
    • Frame Body Parts
    • Brake Systems
    • Engine Systems
    • Others
  • Heavyweight motorcycles
    • Driveline & transmission parts
    • Electronics
    • Frame Body Parts
    • Brake Systems
    • Engine Systems
    • Others
  • Personal watercrafts
    • Driveline & transmission parts
    • Electronics
    • Frame Body Parts
    • Brake Systems
    • Engine Systems
    • Others

Market, By Sales Channel

  • Online
  • Offline

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa


Frequently Asked Questions (FAQ) :

Power sports aftermarket revenue was valued at more than USD 10 billion in 2020 and is set to register nearly a 5% CAGR through 2027.
The ATV vehicle segment captured more than 15% of power sports aftermarket share and will grow substantially due to the rising number of off-roading activities.
Power sports aftermarket will expand at 6.5% CAGR through the online segment up to 2027 owing to the convenience offered by the channel.
Europe power sports aftermarket share was valued at USD 2.5 billion in 2020 and will expand at 4% CAGR through 2027 owing to the presence of established industry players.

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Premium Report Details

  • Published Date: Jan 2021
  • Pages: 250
  • Tables: 390
  • Charts / Figures: 22
  • Companies covered: 15
  • Countries covered: 16

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