What is the global market size of Powersports Market?

Powersports Market size was valued at USD 29.62 billion in 2021 and is poised to grow from USD 31.43 billion in 2022 to USD 50.85 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

Top Powersports Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Powersports Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Powersports industry players.

Powersports Market Competitive Landscape

Top Players in the Global Powersports Market

Polaris Inc.
Honda Motor Co., Ltd.
Kawasaki Heavy Industries, Ltd.
Yamaha Motor Co. Ltd.
BRP Inc.
Arctic Cat Inc.
KTM AG
Ducati Motor Holding S.p.A.
Suzuki Motor Corporation
Triumph Motorcycles Ltd.
Harley-Davidson Inc.
Piaggio & C. SpA
Bombardier Recreational Products Inc.
Textron Inc.
CFMoto Powersports Inc.
Bajaj Auto Ltd.
Hero MotoCorp Ltd.
TVS Motor Company Ltd.
Mahindra Two Wheelers Ltd.
Royal Enfield (India)

Powersports Market Recent Development

In March 2022, BRP launched electric 2-wheel motorcycles amid the 50th anniversary of the Can-Am brand. The Can-Am brand is back to its motorcycle roots with the complete electric-based product line. With electric motorcycles, there comes a great opportunity to flourish in the motorcycles market.
In March 2021, American Landmaster launched a lithium-powered side-by-side called the Landmaster EV. American Landmaster partnered with the industry's two best leaders in lithium technology and AC motors.

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FAQs

Global Powersports Market size was valued at USD 34.19 Billion in 2024 and is poised to grow from USD 36.41 Billion in 2025 to USD 60.26 Billion by 2033, growing at a CAGR of 6.5% during the forecast period (2026–2033).

Key players are focusing on using cutting-edge technologies to continuously expand their product offerings. To address the demand for tailored offerings that are relevant to the industry, they are increasing their product lines. For instance, In March 2021 – RumbleOn Inc. agreed to acquire RideNow, the largest power sports dealer in North America. The acquisition is valued at US$ 5.4 billion and will integrate RumbleOn's technology with RideNow's extensive footprint and retail brand. 'Polaris Inc. (US) ', 'BRP Inc. (Canada) ', 'Honda Motor Co., Ltd. (Japan) ', 'Yamaha Motor Co., Ltd. (Japan) ', 'Kawasaki Heavy Industries, Ltd. (Japan) ', 'Suzuki Motor Corporation (Japan) ', 'Arctic Cat (US) ', 'Textron Inc. (US) ', 'CFMOTO (China) ', 'KTM AG (Austria) ', 'Ducati Motor Holding S.p.A. (Italy) ', 'Harley-Davidson, Inc. (US) ', 'Triumph Motorcycles Ltd (UK) ', 'BMW Motorrad (Germany) ', 'Piaggio & C. S.p.A. (Italy) ', 'Polaris India Pvt. Ltd. (India) ', 'Mahindra & Mahindra Ltd (India) ', 'TVS Motor Company (India) ', 'Bajaj Auto (India) ', 'Hisun Motors (China)'

Compared to other power sport vehicles, ATVs offer fewer age limits, reduced maintenance expenses, and are simpler to maneuver. As a result, both younger and older persons find them to be quite appealing due to these qualities and their low cost. Additionally, there have been more government attempts in North America and Europe to expand the number of ATV paths in parks As a result, the widespread use of ATVs is anticipated to fuel the growth of the Powersports business.

Around 82 % of powersports vehicle owners want to buy or buy accessories for their vehicle within three months of purchase, according to the Specialty Equipment Market Association (SEMA). For a variety of purposes in various terrains, these vehicles are used for a variety of activities. Consequently, improving functionality through changes that are utility-oriented is a high priority for fans of off-road and on-road vehicles. Expenditures on accessories per vehicle, for instance, according to industry experts have grown by 50 to 60 % over the past two years. Consequently, the rise in the availability of product accessories will result in profitability for OEMs, which will favorably impact the expansion of the powersports market.

North America dominated the global powersports market and is expected to continue to dominate the global market over the forecast period. This can be attributed to the region's abundant leisure opportunities and the excellent local weather. Additionally, the existence of well-known competitors, like Polaris, Arctic Cat, and Yamaha Motor Corporation (all with US and Canadian headquarters, respectively), will encourage consumers to adopt the product. Due to the significant economic impact of power sports activities, state and federal governments in the US and Canada also offer major support (for example, surveying & building trails). Therefore, it is anticipated that these elements would strengthen this region's market supremacy.

Top Powersports Companies

Powersports Market Competitive Landscape

FAQs

What is the global market size of Powersports Market?

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Which region accounted for the largest share in Powersports Market?

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