[Research Report] The powersports market is expected to grow from US$ 93,703.64 million in 2021 to US$ 131,083.20 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.
Adventure tourism involves traveling to new locations for gaining new experiences, with controlled risk components and personal challenges in wild and exotic environments. An increase in the number of visitors interested in off-road driving is contributing to the economic growth of the respective country.
Powersports generates over US$ 1.15 billion in revenue in Malaysia each year through housing, logistics, and tourism expenditures. Racing events hosted by Malaysia include the Motorcycle Grand Prix (MotoGP), the Asia Road Racing Championship (ARRC), and the Malaysian Cub Prix. These events bring significant societal and economic benefits. The widespread awareness among sports tourists regarding such racing events is the heart of motorsport tourism. The long duration of the events, visibility and coverage by print and electronic media, sponsorship from domestic and global firms, and excessive economic opportunities for locals are all advantages of motorsports tourism destinations. Factors such as high energy levels, drive, and travel desire among people are the major factors pushing the travel motive. For many, the desire to meet new and like-minded people with similar sociability interests is a driving force for off-roading. These features lead to the growth of the powersports market.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Powersports Market: Strategic Insights
Market Size Value in US$ 93,703.64 million in 2021 Market Size Value by US$ 131,083.20 million by 2028 Growth rate CAGR of 4.9% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Powersports Market: Strategic Insights
| Market Size Value in | US$ 93,703.64 million in 2021 |
| Market Size Value by | US$ 131,083.20 million by 2028 |
| Growth rate | CAGR of 4.9% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Global Powersports Market
Prior to the COVID-19 pandemic, the powersports market was growing due to the increase in all-terrain vehicle (ATV) trader traffic. For instance, consumer interest in ATVs, utility terrain vehicles (UTVs), and specialty powersports units soared 35% in the first seven months of 2019, based on year-over-year searches on Trader Interactive's ATV Trader marketplace. ATV trader traffic is consistently growing faster monthly, reflecting a market shift that can help powersport dealers offset flattening motorcycle sales. The ATV trader traffic jumps supported the growth of the powersports market in 2019.
In 2020, the COVID-19 pandemic negatively impacted the powersports market due to the decline in the global automotive industry. The outbreak created significant disruptions in the manufacturing of products, including cars. A sharp decline in manufacturing automobiles impacted the growth of the global powersports market. Further, the data collected from the Organisation Internationale des Constructeurs d'Automobiles (OICA) showed a 16% decline in 2020 total number of vehicle production to less than 78 million vehicles. Moreover, to combat and contain the outbreak, factory shutdowns, travel bans, trade bans, and border lockdowns were imposed; these restrictions negatively impacted the manufacturing, supply, and sales of various automobile components required to manufacture cars. Therefore, the overall COVID-19 impact on the powersports market was negative in 2020.
In 2021 and 2022, the relaxation of lockdown measures and increase in production of powersport vehicles are supporting the market growth. As per an article published by Babcox Media Inc. in July 2021, new-model sales of leading brands increased more than 37.2% in the first quarter of 2021.
Before the COVID-19 pandemic, in 2019, the powersports market size was US$ 95,728.13 million. The market size during the pandemic was US$ 91,324.63 million in 2020. Furthermore, in 2021, the powersports market size was US$ 93,703.64 million. Therefore, the overall impact of the COVID-19 pandemic on the powersports market was negative in 2020.
Powersports Market Insights
Increase in All-Terrain Vehicle Popularity and Experience Zones
Due to their greater performance on difficult and uneven terrains, four-wheel all-terrain vehicles (ATVs) are in high demand among consumers. This is pushing ATV manufacturers to include a four-wheel-drive system as an optional feature or as a full-time option. Microfiber couplings recognize the requirement of a four-wheel-drive system in real time. The popularity of such new four-wheel ATVs is increasing in different countries. For instance, the Canadian Council of Snowmobile Organization holds sporting competitions every year. In addition, several major ATV and UTV manufacturers are hosting racing championships, which is expected to boost demand for these utility vehicles. The US has been experiencing an increase in recreational parks for ATV rides. Recreational options have been created on public lands in the country by adding miles to over 19 national recreational routes. ATVs are also widely used in the armed services, including the military and police agencies, where they are heavily used for transportation in isolated places. As a result, the rising demand for ATVs in recreational, sporting, and military applications is one of the primary factors driving the powersports market growth.
In developed regions such as North America and Europe, ATV experience zones are common. Moreover, there is a rising focus on propelling the number of these zones in emerging markets, such as India and Southeast Asian countries, to raise awareness and demand for utility vehicles. Customers can ride ATVs on artificial off-road fields at these sites. For instance, Polaris built an experience zone in Bengaluru, India, in 2018 to boost its client base.
Type - Based Market Insights
Based on type, the powersports market is segmented into all-terrain vehicles, side-by-side, and motorcycles. The motorcycles segment led the market with the largest share in 2020.
The players operating in the powersports market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- 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 motorcycles roots with 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 lithium-powered side-by-side called the Landmaster EV. American Landmaster partnered with industry's two best leaders in lithium technology and AC motors.
Powersports Market Report Scope
Company Profiles
- American Landmaster
- ARCTIC CAT
- BRP
- Hisun Motors Corp., USA
- Kawasaki Motors Corp
- Polaris Inc.
- Yamaha Motor Corporation
- Suzuki Motor USA
- Volcon ePowersports
- American Honda Motor Company, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on motorcycles, powersports market is segmented into street, cruiser, sports, dual sports, adventure, and others. In 2020, the street segment led the market and accounted for the largest market share.
The major five companies in powersports includes Arctic Cat Inc; American Honda Motor Co., Inc; Polaris Inc.; Suzuki Motor Corporation; and Yamaha Motor Co., Ltd.
In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. APAC is a prospective market for powersports manufacturers.
Based on type, the powersports market is segmented into all-terrain vehicles, side-by-side, and motorcycles. The motorcycles segment led the powersports market with the largest share in 2020.
Increase in all-terrain vehicle popularity and experience zones and rise in use of powersports to boost adventure tourism are driving the growth of the powersports market.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including powersports market. Further, innovations in powersports products is presenting significant potential for the future growth of the powersports market players.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Powersports Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Powersports Vehicles – Volume Analysis
5. Powersports Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in All-Terrain Vehicle Popularity and Experience Zones
5.1.2 Rise in Use of Powersports to Boost Adventure Tourism
5.2 Market Restraints
5.2.1 Alteration of Soil Structure and Adverse Impact on Vegetation
5.3 Market Opportunities
5.3.1 Innovations in Powersports Products
5.4 Future Trends
5.4.1 Green Energy in Powersports Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Powersports – Global Market Analysis
6.1 Global Powersports Market Overview
6.2 Global Powersports Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Powersports Market Revenue and Forecasts To 2028 – Type
7.1 Overview
7.2 Powersports Market, By Type (2020 And 2028)
7.3 All-Terrain Vehicles
7.3.1 Overview
7.3.2 All-Terrain Vehicles: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.3.3 Utility Market
7.3.3.1 Overview
7.3.3.2 Utility Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.3.4 Sports Market
7.3.4.1 Overview
7.3.4.2 Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.4 Side-By-Side
7.4.1 Overview
7.4.2 Side-By-Side: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.4.3 Utility Market
7.4.3.1 Overview
7.4.3.2 Utility Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.4.4 Sports Market
7.4.4.1 Overview
7.4.4.2 Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5 Motorcycles
7.5.1 Overview
7.5.2 Motorcycles: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.3 Street Market
7.5.3.1 Overview
7.5.3.2 Street Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.4 Cruiser Market
7.5.4.1 Overview
7.5.4.2 Cruiser Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.5 Sports Market
7.5.5.1 Overview
7.5.5.2 Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.6 Dual Sports Market
7.5.6.1 Overview
7.5.6.2 Dual Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.7 Adventure Market
7.5.7.1 Overview
7.5.7.2 Adventure Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.8 Others Market
7.5.8.1 Overview
7.5.8.2 Others Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
8. Powersports Market – Geographic Analysis
8.1 Overview
8.2 North America: Powersports Market, Revenue and Forecast To 2028
8.2.1 Overview
8.2.2 North America: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.2.3 North America: Powersports Market Breakdown, by Type
8.2.3.1 North America: Powersports Market Breakdown, by All-terrain Vehicles
8.2.3.2 North America: Powersports Market Breakdown, by Side-by-Side
8.2.3.3 North America: Powersports Market Breakdown, by Motorcycles
8.2.4 North America: Powersports Market Breakdown, by Country
8.2.4.1 US: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.2.4.1.1 US: Powersports Market Breakdown, by Type
8.2.4.1.1.1 US: Powersports Market Breakdown, by All-terrain Vehicles
8.2.4.1.1.2 US: Powersports Market Breakdown, by Side-by-Side
8.2.4.1.1.3 US: Powersports Market Breakdown, by Motorcycles
8.2.4.2 Canada: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.2.4.2.1 Canada: Powersports Market Breakdown, by Type
8.2.4.2.1.1 Canada: Powersports Market Breakdown, by All-terrain Vehicles
8.2.4.2.1.2 Canada: Powersports Market Breakdown, by Side-by-Side
8.2.4.2.1.3 Canada: Powersports Market Breakdown, by Motorcycles
8.2.4.3 Mexico: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.2.4.3.1 Mexico: Powersports Market Breakdown, by Type
8.2.4.3.1.1 Mexico: Powersports Market Breakdown, by All-terrain Vehicles
8.2.4.3.1.2 Mexico: Powersports Market Breakdown, by Side-by-Side
8.2.4.3.1.3 Mexico: Powersports Market Breakdown, by Motorcycles
8.3 Europe: Powersports Market, Revenue and Forecast To 2028
8.3.1 Overview
8.3.2 Europe: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.3 Europe: Powersports Market Breakdown, by Type
8.3.3.1 Europe: Powersports Market Breakdown, by All-terrain Vehicles
8.3.3.2 Europe: Powersports Market Breakdown, by Side-by-Side
8.3.3.3 Europe: Powersports Market Breakdown, by Motorcycles
8.3.4 Europe: Powersports Market Breakdown, by Country
8.3.4.1 Germany: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.4.1.1 Germany: Powersports Market Breakdown, by Type
8.3.4.1.1.1 Germany: Powersports Market Breakdown, by All-terrain Vehicles
8.3.4.1.1.2 Germany: Powersports Market Breakdown, by Side-by-Side
8.3.4.1.1.3 Germany: Powersports Market Breakdown, by Motorcycles
8.3.4.2 France: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.4.2.1 France: Powersports Market Breakdown, by Type
8.3.4.2.1.1 France: Powersports Market Breakdown, by All-terrain Vehicles
8.3.4.2.1.2 France: Powersports Market Breakdown, by Side-by-Side
8.3.4.2.1.3 France: Powersports Market Breakdown, by Motorcycles
8.3.4.3 Italy: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.4.3.1 Italy: Powersports Market Breakdown, by Type
8.3.4.3.1.1 Italy: Powersports Market Breakdown, by All-terrain Vehicles
8.3.4.3.1.2 Italy: Powersports Market Breakdown, by Side-by-Side
8.3.4.3.1.3 Italy: Powersports Market Breakdown, by Motorcycles
8.3.4.4 United Kingdom: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.4.4.1 United Kingdom: Powersports Market Breakdown, by Type
8.3.4.4.1.1 UK: Powersports Market Breakdown, by All-terrain Vehicles
8.3.4.4.1.2 UK: Powersports Market Breakdown, by Side-by-Side
8.3.4.4.1.3 UK: Powersports Market Breakdown, by Motorcycles
8.3.4.5 Russia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.4.5.1 Russia: Powersports Market Breakdown, by Type
8.3.4.5.1.1 Russia: Powersports Market Breakdown, by All-terrain Vehicles
8.3.4.5.1.2 Russia: Powersports Market Breakdown, by Side-by-Side
8.3.4.5.1.3 Russia: Powersports Market Breakdown, by Motorcycles
8.3.4.6 Rest of Europe: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.3.4.6.1 Rest of Europe: Powersports Market Breakdown, by Type
8.3.4.6.1.1 Rest of Europe: Powersports Market Breakdown, by All-terrain Vehicles
8.3.4.6.1.2 Rest of Europe: Powersports Market Breakdown, by Side-by-Side
8.3.4.6.1.3 Rest of Europe: Powersports Market Breakdown, by Motorcycles
8.4 APAC: Powersports Market, Revenue and Forecast To 2028
8.4.1 Overview
8.4.2 APAC: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.3 APAC: Powersports Market Breakdown, by Type
8.4.3.1 APAC: Powersports Market Breakdown, by All-terrain Vehicles
8.4.3.2 APAC: Powersports Market Breakdown, by Side-by-Side
8.4.3.3 APAC: Powersports Market Breakdown, by Motorcycles
8.4.4 APAC: Powersports Market Breakdown, by Country
8.4.4.1 Australia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.4.1.1 Australia: Powersports Market Breakdown, by Type
8.4.4.1.1.1 Australia: Powersports Market Breakdown, by All-terrain Vehicles
8.4.4.1.1.2 Australia: Powersports Market Breakdown, by Side-by-Side
8.4.4.1.1.3 Australia: Powersports Market Breakdown, by Motorcycles
8.4.4.2 China: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.4.2.1 China: Powersports Market Breakdown, by Type
8.4.4.2.1.1 China: Powersports Market Breakdown, by All-terrain Vehicles
8.4.4.2.1.2 China: Powersports Market Breakdown, by Side-by-Side
8.4.4.2.1.3 China: Powersports Market Breakdown, by Motorcycles
8.4.4.3 Japan: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.4.3.1 Japan: Powersports Market Breakdown, by Type
8.4.4.3.1.1 Japan: Powersports Market Breakdown, by All-terrain Vehicles
8.4.4.3.1.2 Japan: Powersports Market Breakdown, by Side-by-Side
8.4.4.3.1.3 Japan: Powersports Market Breakdown, by Motorcycles
8.4.4.4 India: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.4.4.1 India: Powersports Market Breakdown, by Type
8.4.4.4.1.1 India: Powersports Market Breakdown, by All-terrain Vehicles
8.4.4.4.1.2 India: Powersports Market Breakdown, by Side-by-Side
8.4.4.4.1.3 India: Powersports Market Breakdown, by Motorcycles
8.4.4.5 South Korea: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.4.5.1 South Korea: Powersports Market Breakdown, by Type
8.4.4.5.1.1 South Korea: Powersports Market Breakdown, by All-terrain Vehicles
8.4.4.5.1.2 South Korea: Powersports Market Breakdown, by Side-by-Side
8.4.4.5.1.3 South Korea: Powersports Market Breakdown, by Motorcycles
8.4.4.6 Rest of APAC: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.4.4.6.1 Rest of APAC: Powersports Market Breakdown, by Type
8.4.4.6.1.1 Rest of APAC: Powersports Market Breakdown, by All-terrain Vehicles
8.4.4.6.1.2 Rest Of APAC: Powersports Market Breakdown, by Side-by-Side
8.4.4.6.1.3 Rest Of APAC: Powersports Market Breakdown, by Motorcycles
8.5 MEA: Powersports Market, Revenue and Forecast To 2028
8.5.1 Overview
8.5.2 MEA: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.5.3 MEA: Powersports Market Breakdown, by Type
8.5.3.1 MEA: Powersports Market Breakdown, by All-terrain Vehicles
8.5.3.2 MEA: Powersports Market Breakdown, by Side-by-Side
8.5.3.3 MEA: Powersports Market Breakdown, by Motorcycles
8.5.4 MEA: Powersports Market Breakdown, by Country
8.5.4.1 UAE: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.5.4.1.1 UAE: Powersports Market Breakdown, by Type
8.5.4.1.1.1 UAE: Powersports Market Breakdown, by All-terrain Vehicles
8.5.4.1.1.2 UAE: Powersports Market Breakdown, by Side-by-Side
8.5.4.1.1.3 UAE: Powersports Market Breakdown, by Motorcycles
8.5.4.2 Saudi Arabia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.5.4.2.1 Saudi Arabia: Powersports Market Breakdown, by Type
8.5.4.2.1.1 Saudi Arabia: Powersports Market Breakdown, by All-terrain Vehicles
8.5.4.2.1.2 Saudi Arabia: Powersports Market Breakdown, by Side-by-Side
8.5.4.2.1.3 Saudi Arabia: Powersports Market Breakdown, by Motorcycles
8.5.4.3 South Africa: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.5.4.3.1 South Africa: Powersports Market Breakdown, by Type
8.5.4.3.1.1 South Africa: Powersports Market Breakdown, by All-terrain Vehicles
8.5.4.3.1.2 South Africa: Powersports Market Breakdown, by Side-by-Side
8.5.4.3.1.3 South Africa: Powersports Market Breakdown, by Motorcycles
8.5.4.4 Rest of MEA: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.5.4.4.1 Rest of MEA: Powersports Market Breakdown, by Type
8.5.4.4.1.1 Rest of MEA: Powersports Market Breakdown, by All-terrain Vehicles
8.5.4.4.1.2 Rest of MEA: Powersports Market Breakdown, by Side-by-Side
8.5.4.4.1.3 Rest of MEA: Powersports Market Breakdown, by Motorcycles
8.6 SAM: Powersports Market, Revenue and Forecast To 2028
8.6.1 Overview
8.6.2 SAM: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.6.3 SAM: Powersports Market Breakdown, by Type
8.6.3.1 SAM: Powersports Market Breakdown, by All-terrain Vehicles
8.6.3.2 SAM: Powersports Market Breakdown, by Side-by-Side
8.6.3.3 SAM: Powersports Market Breakdown, by Motorcycles
8.6.4 SAM: Powersports Market Breakdown, by Country
8.6.4.1 Brazil: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.6.4.1.1 Brazil: Powersports Market Breakdown, by Type
8.6.4.1.1.1 Brazil: Powersports Market Breakdown, by All-terrain Vehicles
8.6.4.1.1.2 Brazil: Powersports Market Breakdown, by Side-by-Side
8.6.4.1.1.3 Brazil: Powersports Market Breakdown, by Motorcycles
8.6.4.2 Argentina: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.6.4.2.1 Argentina: Powersports Market Breakdown, by Type
8.6.4.2.1.1 Argentina: Powersports Market Breakdown, by All-terrain Vehicles
8.6.4.2.1.2 Argentina: Powersports Market Breakdown, by Side-by-Side
8.6.4.2.1.3 Argentina: Powersports Market Breakdown, by Motorcycles
8.6.4.3 Rest of SAM: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.6.4.3.1 Rest of SAM: Powersports Market Breakdown, by Type
8.6.4.3.1.1 Rest of SAM: Powersports Market Breakdown, by All-terrain Vehicles
8.6.4.3.1.2 Rest of SAM: Powersports Market Breakdown, by Side-by-Side
8.6.4.3.1.3 Rest of SAM: Powersports Market Breakdown, by Motorcycles
9. Powersports Market - Covid-19 Impact Analysis
9.1 Overview
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.4 APAC: Impact Assessment of COVID-19 Pandemic
9.5 MEA: Impact Assessment of COVID-19 Pandemic
9.6 SAM: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 American Landmaster
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ARCTIC CAT
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 RP
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hisun Motors Corp., USA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Kawasaki Motors Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Polaris Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Yamaha Motor Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Suzuki Motor USA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Volcon ePowersports, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 American Honda Motor Company, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Global Powersports Market, By Type– Volume and Forecast to 2028 (Units in Thousands)
Table 2. North America Powersports Market, By Type– Volume and Forecast to 2028 (Units in Thousands)
Table 3. Europe Powersports Market, By Type– Volume and Forecast to 2028 (Units in Thousands)
Table 4. APAC Powersports Market, By Type– Volume and Forecast to 2028 (Units in Thousands)
Table 5. MEA Powersports Market, By Type– Volume and Forecast to 2028 (Units in Thousands)
Table 6. SAM Powersports Market, By Type– Volume and Forecast to 2028 (Units in Thousands)
Table 7. Global Powersports Market Revenue and Forecast to 2028 (US$ Million)
Table 8. North America: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 9. North America: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 10. North America: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 11. North America: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 12. Powersports Market: by Country
Table 13. US: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 14. US: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 15. US: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 16. US: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 17. Canada: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 18. Canada: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 19. Canada: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 20. Canada: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 21. Mexico: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 22. Mexico: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 23. Mexico: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 24. Mexico: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 25. Europe: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 26. Europe: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 27. Europe: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 28. Europe: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 29. Europe: Powersports Market, Revenue and Forecast To 2028 – by Country (US$ million)
Table 30. Germany: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 31. Germany: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 32. Germany: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 33. Germany: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 34. France: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 35. France: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 36. France: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 37. France: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 38. Italy: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 39. Italy: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 40. Italy: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 41. Italy: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 42. United Kingdom: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 43. UK: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 44. UK: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 45. UK: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 46. Russia: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 47. Russia: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 48. Russia: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 49. Russia: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 50. Rest of Europe: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 51. Rest of Europe: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 52. Rest of Europe: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 53. Rest of Europe: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 54. APAC: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 55. APAC: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 56. APAC: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 57. APAC: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 58. APAC: Powersports Market, Revenue and Forecast To 2028 – by Country (US$ million)
Table 59. Australia: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 60. Australia: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 61. Australia: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 62. Australia: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 63. China: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 64. China: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 65. China: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 66. China: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 67. Japan: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 68. Japan: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 69. Japan: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 70. Japan: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 71. India: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 72. India: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 73. India: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 74. India: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 75. South Korea: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 76. South Korea: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 77. South Korea: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 78. South Korea: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 79. Rest of APAC: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 80. Rest Of APAC: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 81. Rest Of APAC: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 82. Rest Of APAC: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 83. MEA: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 84. MEA: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 85. MEA: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 86. MEA: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 87. MEA: Powersports Market, Revenue and Forecast To 2028 – by Country (US$ million)
Table 88. UAE: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 89. UAE: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 90. UAE: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 91. UAE: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 92. Saudi Arabia: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 93. Saudi Arabia: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 94. Saudi Arabia: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 95. Saudi Arabia: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 96. South Africa: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 97. South Africa: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 98. South Africa: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 99. South Africa: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 100. Rest of MEA: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 101. Rest of MEA: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 102. Rest of MEA: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 103. Rest of MEA: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 104. SAM: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 105. SAM: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 106. SAM: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 107. SAM: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 108. SAM: Powersports Market, Revenue and Forecast To 2028 – by Country (US$ million)
Table 109. Brazil: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 110. Brazil: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 111. Brazil: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 112. Brazil: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 113. Argentina: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 114. Argentina: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 115. Argentina: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 116. Argentina: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 117. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 118. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 119. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 120. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 121. List of Abbreviation
LIST OF FIGURES
Figure 1. Powersports Market Segmentation
Figure 2. Powersports Market Segmentation – By Geography
Figure 3. Global Powersports Market Overview
Figure 4. Powersports Market, by Type
Figure 5. Powersports Market, by All-terrain Vehicles
Figure 6. Powersports Market, by Side-by-Side
Figure 7. Powersports Market, by Motorcycles
Figure 8. Powersports Market, by Geography
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Powersports Market- Ecosystem Analysis
Figure 15. Powersports Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Powersports Market
Figure 17. Global Powersports Market Revenue Forecast and Analysis (US$ Million)
Figure 18. Powersports Market, By Type (2020 and 2028)
Figure 19. All-Terrain Vehicles: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Utility Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Side-By-Side: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Utility Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Motorcycles: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Street Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Cruiser Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Dual Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Adventure Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Powersports Market Revenue Share, by region (2020 and 2028)
Figure 33. North America: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 34. North America: Powersports Market Breakdown, by Type, 2020 and 2028 (%)
Figure 35. North America: Powersports Market Breakdown, by All-terrain Vehicles, 2020 and 2028 (%)
Figure 36. North America: Powersports Market Breakdown, by Side-by-Side, 2020 and 2028 (%)
Figure 37. North America: Powersports Market Breakdown, by Motorcycles, 2020 and 2028 (%)
Figure 38. North America: Powersports Market Breakdown, by Country, 2020 and 2028(%)
Figure 39. US: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 40. Canada: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 41. Mexico: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 42. Europe: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 43. Europe: Powersports Market Breakdown, by Type, 2020 and 2028 (%)
Figure 44. Europe: Powersports Market Breakdown, by All-terrain Vehicles, 2020 and 2028 (%)
Figure 45. Europe: Powersports Market Breakdown, by Side-by-Side, 2020 and 2028 (%)
Figure 46. Europe: Powersports Market Breakdown, by Motorcycles, 2020 and 2028 (%)
Figure 47. Europe: Powersports Market Breakdown, by Country, 2020 and 2028(%)
Figure 48. Germany: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 49. France: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 50. Italy: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 51. United Kingdom: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 52. Russia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 53. Rest of Europe: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 54. APAC: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 55. APAC: Powersports Market Breakdown, by Type, 2020 and 2028 (%)
Figure 56. APAC: Powersports Market Breakdown, by All-terrain Vehicles, 2020 and 2028 (%)
Figure 57. APAC: Powersports Market Breakdown, by Side-by-Side, 2020 and 2028 (%)
Figure 58. APAC: Powersports Market Breakdown, by Motorcycles, 2020 and 2028 (%)
Figure 59. APAC: Power Market Breakdown, by Country, 2020 and 2028(%)
Figure 60. Australia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 61. China: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 62. Japan: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 63. India: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 64. South Korea: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 65. Rest of APAC: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 66. MEA: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 67. MEA: Powersports Market Breakdown, by Type, 2020 and 2028 (%)
Figure 68. MEA: Powersports Market Breakdown, by All-terrain Vehicles, 2020 and 2028 (%)
Figure 69. MEA: Powersports Market Breakdown, by Side-by-Side, 2020 and 2028 (%)
Figure 70. MEA: Powersports Market Breakdown, by Motorcycles, 2020 and 2028 (%)
Figure 71. MEA: Powersports Market Breakdown, by Country, 2020 and 2028(%)
Figure 72. UAE: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 73. Saudi Arabia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 74. South Africa: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 75. Rest of MEA: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 76. SAM: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 77. SAM: Powersports Market Breakdown, by Type, 2020 and 2028 (%)
Figure 78. SAM: Powersports Market Breakdown, by All-terrain Vehicles, 2020 and 2028 (%)
Figure 79. SAM: Powersports Market Breakdown, by Side-by-Side, 2020 and 2028 (%)
Figure 80. SAM: Powersports Market Breakdown, by Motorcycles, 2020 and 2028 (%)
Figure 81. SAM: Powersports Market Breakdown, by Country, 2020 and 2028(%)
Figure 82. Brazil: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 83. Argentina: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 84. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 85. Impact of COVID-19 Pandemic on North American Country Markets
Figure 86. Impact of COVID-19 Pandemic on European Country Markets
Figure 87. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 88. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 89. Impact of COVID-19 Pandemic on SAM Country Markets
The List of Companies - Powersports Market
- American Landmaster
- ARCTIC CAT
- BRP
- Hisun Motors Corp., USA
- Kawasaki Motors Corp
- Polaris Inc.
- Yamaha Motor Corporation
- Suzuki Motor USA
- Volcon ePowersports
- American Honda Motor Company, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Powersports Market
May 2022
Electric Vehicle Heat Pump Systems Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Propulsion Type (BEV, HEV, PHEV), Component (Evaporator, Condenser, Compressors, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Geography
May 2022
Hydrogen Fuel Cell Train Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others), Component (Hydrogen Fuel Cell Pack, Batteries, Electric Traction Motors, and Others), Rail Type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, and Others) and Geography
May 2022
Automotive Seat Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Heated, Heated-Ventilated, Ventilated, With Massage Functions, and Others), Adjustment Type (Electrically Adjusted and Manual), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Seat Type (Front Row, Second Row, and Third Row) and Geography
May 2022
Connected Vehicle Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Technology (5G, 4G/LTE, 3G & 2G), Connectivity (Integrated, Tethered, Embedded), Application (Telematics, Infotainment, Driving assistance, Others) and Geography
May 2022
Automotive High Voltage Cable Market
Forecast to 2030 - Global Analysis by Vehicle Type [Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), and Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
May 2022
40-Ft Electric Boat Market
Forecast to 2030 - Global Analysis by Propulsion (Pure Electric, Hybrid, and Sail Electric), Battery Type (Nickel-Based, Lead-Acid, and Lithium-Ion), Application (Fishing, Recreational, and Others), Voltage Architecture (12 V, 24 V, and 48 V), and Boat Type (Trawlers, Catamarans, Yachts, Power Cruisers, and Others)
Get Free Sample For