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(Transportation-News.com, April 19, 2018 ) The global power sports market promises a healthy growth opportunity and is likely to witness 5.5% CAGR during the forecast period of 2016 to 2021. Recovery of the global economy and increasing disposable income are the major drivers of the power sports market.
Global Power Sports market is segmented on the basis of vehicle types; All-Terrain Vehicles (ATV), Side by Side Vehicles (SSV), Personal Watercrafts (PWC), Snowmobiles, Heavyweight Motorcycles (Above 600CC), and Others. Side by Side vehicles offer many advantages over ATVs, such as better riding experience, rollover protection bars, and ease of mobility. In the last ten years, off-road industry has noticed a continuous shift in demand from ATVs to Side by Side vehicles
The supply chain of this market comprises raw material suppliers, component manufacturers, power sports vehicle manufacturers, and distributors. The key power sports vehicle manufacturers are Polaris Industries, Honda Motors, Yahama Motors, John Deere, Kubota Corporation, Harley Davidson, Arctic Cat Inc., BRP Inc., and Kawasaki Motors. New product development, vast product portfolio, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market
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The market of all the major power sports vehicle types, such as ATVs, SSVs, PWCs, snowmobiles, and heavyweight motorcycles (>600CC) is heavily dependent on the performance of the North American region. This region is expected to remain the largest market for power sports in the next five years. The US is the growth engine of the North American as well as the global power sports market. The US alone accounted for more than 50% of the global power sports market. Asia-Pacific is a very small market but is likely to witness the fastest growth during the forecast period, driven by the high demand for power sports.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends of the carbon brakes market
- Strategic growth opportunities for the existing and new players
- Key success factors
Global Power Sports Market by Vehicle Type:
By Product Type
Utility All-Terrain Vehicle
Recreational All-Terrain Vehicle
Sports All-Terrain Vehicle
Touring All-Terrain Vehicle
Other All-Terrain Vehicles
- Side by Side Vehicle
By Product Type
Utility Side by Side Vehicle
Recreational Side by Side Vehicle
Sports Side by Side Vehicle
Touring Side by Side Vehicle
Other Side by Side Vehicles
- Personal Watercraft
By Product type
Recreational Watercraft
Muscle Watercraft
Luxury Watercraft
Performance Watercraft
Sports Watercraft
- Heavyweight Motorcycle (Above 600 CC)
By Product Type
Touring Motorcycle
Cruiser Motorcycle
Other Motorcycles
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Company Profile of Key Players
Arctic Cat Inc.
BRP Inc.
Honda Motors. Co., Ltd.
John Deere
Kawasaki Motors Corp.
Kubota Corporation
Polaris Industries Inc.
Suzuki Motors
Yahama Motors Co., Ltd.
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Rajat Sahni
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Source: EmailWire.Com 
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