Global Power Sports Market Size, Trends and Growth Opportunity, By Vehicle Type (All-Terrain Vehicle, Side by Side Vehicle, Personal Watercrafts, Snowmobile, Heavyweight Motorcycle, Snowmobile, Others), Application (On-Road, Off-Road), Model (Stand Up, Sit Down, Multi Personal), Propulsion Type (Gasoline, Electric, Diesel) By Region and forecast till 2027.
Global Power Sports Market
Global Power Sports Market was valued at USD 31.43 billion in 2021 and is slated to reach at USD 50.20 billion by 2027 at a CAGR of 6.25 % from 2022-2027.
Power sports are a subcategory of motorsports that use controlled handlebars and high-performance engines to control movement. For power sports vehicles, the rider typically sits on a saddle, as opposed to enclosed seats in other vehicles. These are commonly seen at races and other sporting events.
Market Drivers
Motorcycle demand is rapidly increasing as a result of increased adoption of this vehicle among younger buyers. Furthermore, low maintenance costs, convenience, and affordability are some of the major factors expected to boost motorcycle demand during the forecast period. As a result, the motorcycle segment is expected to account for the majority of the power sports market during the forecast period. However, motorcycle sales are increasing due to a shift in consumer preferences towards fuel-efficient, lightweight, more accessible, and environmentally friendly motorcycles. A personal water sports vehicle is a popular recreational vehicle. As a result, rising demand for cost-effective and convenient motorcycles is expected to drive market growth. People, particularly young people, are more likely to engage in a variety of recreational and sporting activities to de-stress and improve their work-life balance. The increased awareness of physical and mental fitness is expected to drive demand for recreational activities around the world. During the forecast period, this is expected to fuel market growth.
Market Restraints
Most high-performance vehicles use highly polluting engines and traditional fuel. Large two-wheeled vehicles, in particular, emit a lot of emissions and consume a lot of fuel. Due to the high number of falls and collisions, this power sports vehicle lacks appropriate safety devices. Growing concern about unsupervised child use and the environmental impact of these vehicles has resulted in a number of deaths. These elements are limiting market growth.
Impact of COVID-19
The market impact of COVID-19 has been characterized by the shutdown of production and assembly plants. For example, Polaris, the market leader, temporarily closed its two local plants in Monticello and Roseau due to lockdown. Furthermore, Yamaha, which halted production at its US plants in March 2020, has resumed furloughs and staff reductions. Similarly, Honda halted power sports production at its South Carolina plant during the lockdown.
Recent Developments
The Toro Company, a provider of innovative outdoor solutions, acquired The Intimidator Group Inc, a US-based manufacturer of side-by-side vehicles, in 2022. Toro Company hopes to strengthen its position in the zero-turn mower market and emerge as a major market player in the global market with this acquisition.
Polaris Inc. will launch Ride Ready, an industry-first on-demand digital service platform, in 2020. This new Ride Ready digital strategy aims to leverage digital technology and solutions in order to provide industry-leading tools that break down barriers to building affinity, ownership, and loyalty with existing customers. Ride Ready connects power sports dealers and owners with Indian Motorcycle for easy online scheduling of service appointments.
Market Segmentation
Global Power Sports Market is segmented into By Vehicle Type, Application, Model, Propulsion. By Vehicle Type such as All-Terrain Vehicle, Side by Side Vehicle, Personal Watercrafts, Snowmobile, Heavyweight Motorcycle, Snowmobile, Others. By Application such as On-Road, Off-Road. By Model such as Stand Up, Sit Down, Multi Personal. By Propulsion Type such as Gasoline, Electric, Diesel)
Regional Analysis
Global Power Sports Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because of the presence of a large number of major manufacturers, North America dominates the power sports market in terms of revenue growth and market share. Furthermore, the growing number of recreational clubs will fuel market growth in this region. During the forecast period of 2022-2027, Europe is expected to be the fastest developing region. This is primarily due to the region's growing population. Furthermore, rising R&D investment is expected to drive the expansion of the power sports market in this region.
Key Players
This report includes a list of numerous Key Players, namely Hero Electric (India), Vmoto Limited (Australia), The Electrotherm Group, Inc. (India), Jiangsu Xinri E-Vehicle Co.,Ltd. (China), Energica Motor Company (Italy), Piaggio & C. SpA (Italy), Niu International. (U.S.), Mahindra & Mahindra Ltd (India), H-D, AIMA TECHNOLOGY CO.,LTD (China), Avan Motors India (India).
Market Taxonomy  
By Vehicle Type
• All-Terrain Vehicle
• Utility
• Recreational
• Sports
• Touring
• Other
• Side by Side Vehicle
• Personal Watercrafts
• Recreational
• Muscle
• Luxury
• Performance
• Sports
• Snowmobile
• Heavyweight Motorcycle
• Snowmobile
• Mountain
• Crossover
• Cross country
• Utility
• Touring
• Other
• Others
By Application
• On-Road
• Off-Road
By Model
• Stand Up
• Sit Down
• Multi Personal
By Propulsion Type
• Gasoline
• Electric
• Diesel
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Power Sports Market
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Power Sports Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Power Sports Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Global Power Sports Market Share Analysis, By Vehicle Type
5.3 Global Power Sports Market Size and Forecast, By Vehicle Type
5.3.1 All-Terrain Vehicle
5.3.2 Utility
5.3.3 Recreational
5.3.4 Sports
5.3.5 Touring
5.3.6 Other
5.3.7 Side by Side Vehicle
5.3.8 Personal Watercrafts
5.3.9 Recreational
5.3.10 Muscle
5.3.11 Luxury
5.3.12 Performance
5.3.13 Sports
5.3.14 Snowmobile
5.3.15 Heavyweight Motorcycle
5.3.16 Snowmobile
5.3.17 Mountain
5.3.18 Crossover
5.3.19 Cross country
5.3.20 Utility
5.3.21 Touring
5.3.22 Other
5.3.23 Others
6 Global Power Sports Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Power Sports Market Share Analysis, By Application
6.3 Global Power Sports Market Size and Forecast, By Application
6.3.1 On-Road
6.3.2 Off-Road
7 Global Power Sports Market, By Model
7.1 Y-o-Y Growth Comparison, By Model
7.2 Global Power Sports Market Share Analysis, By Model
7.3 Global Power Sports Market Size and Forecast, By Model
7.3.1 Stand Up
7.3.2 Sit Down
7.3.3 Multi Personal
8 Global Power Sports Market, By Propulsion Type
8.1 Y-O-Y Growth Comparison, By Propulsion Type
8.2 Global Power Sports Market Share Analysis, By Propulsion Type
8.3 Global Power Sports Market Size and Forecast, By Propulsion Type
8.3.1 Gasoline
8.3.2 Electric
8.3.3 Diesel
9 Global Power Sports Market, By Region
9.1 Global Power Sports Market Share Analysis, By Region
9.2 Global Power Sports Market Share Analysis, By Region
9.3 Global Power Sports Market Size and Forecast, By Region
10 North America Power Sports Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Power Sports Market Share Analysis, By Vehicle Type
10.3 North America Power Sports Market Size and Forecast, By Application
10.4 North America Power Sports Market Size and Forecast, By Model
10.5 North America Power Sports Market Size and Forecast, By Propulsion Type
10.6 North America Power Sports Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Power Sports Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Power Sports Market Share Analysis, By Vehicle Type
11.3 Europe Power Sports Market Size and Forecast, By Application
11.4 Europe Power Sports Market Size and Forecast, By Model
11.5 Europe Power Sports Market Size and Forecast, By Propulsion Type
11.6 Europe Power Sports Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12Asia Pacific Power Sports Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Power Sports Market Share Analysis,  By Vehicle Type
12.3 Asia Pacific Power Sports Market Size and Forecast, By Application
12.4 Asia Pacific Power Sports Market Size and Forecast, By Model
12.5 Asia Pacific Power Sports Market Size and Forecast, By Propulsion Type
12.6 Asia Pacific Power Sports Market Size and Forecast, By Country
12.6.1 China 
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Power Sports Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Power Sports Market Share Analysis, By Vehicle Type
13.3 Latin America Power Sports Market Size and Forecast, By Application
13.4 Latin America Power Sports Market Size and Forecast, By Model
13.5 Latin America Power Sports Market Size and Forecast, By Propulsion Type
14.6 Latin America Power Sports Market Size and Forecast, By Country
14.6.1. Brazil
14.6.2.Rest of Latin America
15Middle East Power Sports Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Power Sports Market Share Analysis, By Vehicle Type
15.3 Middle East Power Sports Market Size and Forecast, By Application
15.4 Middle East Power Sports Market Size and Forecast, By Model
15.5 Middle East Power Sports Market Size and Forecast, By Propulsion Type
15.6 Middle East Power Sports Market Size and Forecast, By Country
15.6.1. Saudi Arabia
15.6.2. UAE
15.6.3. Egypt
15.6.4. Kuwait
15.6.5. South Africa
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 Hero Electric (India)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Vmoto Limited (Australia)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 The Electrotherm Group, Inc. (India)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Jiangsu Xinri E-Vehicle Co.,Ltd. (China)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.5 Key Market Developments
17.4.6 Key Strategies
17.5 Energica Motor Company (Italy)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Piaggio & C. SpA (Italy)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Niu International. (U.S.)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies 
17.8 Mahindra & Mahindra Ltd (India)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 H-D, AIMA TECHNOLOGY CO.,LTD (China)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Avan Motors India (India).
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies