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Power Sports Market Share

  • Report ID: GMI1688
  • Published Date: Dec 2022
  • Report Format: PDF
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Power Sports Market Share

Top companies operating in the powersports industry are

  • Kawasaki Motors Corporation
  • Polaris Industries
  • Yamaha Motor Corporation
  • Honda Motors
  • BRP

These leaders primarily focus on product range expansion and rigorous R&D initiatives to strengthen their market standing. For instance, in March 2021, Polaris, an automotive manufacturing company, unveiled its lineup of snowmobiles for 2022, which features 22 new models built on the rider-first Matryx platform. The combustion stability provided by the SmartBoost technology generates 10% more power at sea level and 50% more power at 10,000 feet above the 850 Patriot.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of power sports recorded at over USD 37 billion in 2022 and is set to progress at more than 6% CAGR through 2032 owing to the mounting popularity of off-road sporting competitions in challenging environments and continuous technological advancements in the field of batteries and electric vehicles.

The heavyweight motorcycles segment held more than 59% of the revenue share in 2022 due to industry associations and market participants, such as KTM, Ducati, and Honda, which organize motorcycle racing competitions.

The electric propulsion segment is expected to grow at over 16% CAGR between 2023 and 2032 as a result of the growing public knowledge of the negative effects of toxic vehicle emissions.

The North America market surpassed USD 34 billion in 2022 on account of the significant presence of established industry players and the launch of technologically advanced products in the U.S. region.

Power Sports Market Scope

  • Power Sports Market Size
  • Power Sports Market Analysis
  • Power Sports Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 12
    • Tables & Figures: 243
    • Countries covered: 16
    • Pages: 230
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