How big is the Powersports Market?

The Powersports Market size is expected to reach USD 40.33 billion in 2024 and grow at a CAGR of 6.29% to reach USD 52.15 billion by 2029. Read More

What is the current Powersports Market size?

In 2024, the Powersports Market size is expected to reach USD 40.33 billion. Read More

Who are the key players in Powersports Market?

Polaris Inc., Yamaha Motor Co., Ltd., BRP Inc., Honda Motor Co., Ltd. and Kawasaki Heavy Industries are the major companies operating in the Powersports Market. Read More

Which is the fastest growing region in Powersports Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Powersports Market?

In 2024, the North America and Europe accounts for the largest market share in Powersports Market. Read More

What years does this Powersports Market cover, and what was the market size in 2023?

In 2023, the Powersports Market size was estimated at USD 37.79 billion. The report covers the Powersports Market historical market size for years: . The report also forecasts the Powersports Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Powersports Market Size & Share Analysis - Industry Research Report

Powersports Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Powersports Market Report is Segmented by Vehicle Type (Personal Watercraft, All-Terrain Vehicles, Heavyweight Motorcycles, Side by Side Vehicles, Snowmobiles), by Propulsion (Diesel, Gasoline, Electric), by Application (On-Road, Off-Road), and by Geography (North America, Europe, Asia-Pacific, Rest of the World). The Report Offers the Market Size and Forecast of Powersports Market in Value (USD Million) for all the Above-Mentioned Segments.

Powersports Industry Overview

The Powersports market exhibits a consolidated landscape, dominated by a few major global players such as Polaris Inc., Yamaha Motor Co. Ltd, Harley-Davidson Inc., BRP Inc., Honda Motor Co. Ltd, Kawasaki Heavy Industries, Suzuki Motor Corporation, and others. These companies have established a stronghold in the market through extensive product portfolios, technological advancements, and strategic collaborations.

• In November 2023, Taiga, a leading Powersports company, unveiled its innovative connected cloud mobile app, transforming the Powersports ownership experience. This cutting-edge app aims to enhance user engagement and convenience by providing real-time vehicle data, personalized ride recommendations, and seamless connectivity. The app's launch marks a significant step forward in the Powersports industry, offering users a more connected and interactive experience.

• In March 2023, Polaris launched Polaris Xchange, a dedicated marketplace for buying and selling pre-owned Powersports vehicles. This innovative platform aims to provide buyers and sellers with a seamless and secure experience, offering a wide range of certified pre-owned Polaris vehicles.

• In February 2023, Ski-Doo and Lynx are planning to unveil their latest electric in 2024, the Grand Touring Electric and Adventure Electric models.

• In March 2023, BRP formed partnerships with Tread Lightly and RideSafe to promote responsible riding and enhance Powersports safety. This collaboration aims to educate riders on the importance of environmental stewardship and safe practices while enjoying their Powersports vehicles.