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Power Sports Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

This report, from Stratview Research, studies the global power sports market over the period 2012 to 2023.
Published 29 July 2019
Summary:
The report on the Power Sports Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.
 
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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Power Sports Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).
 
As per the report, the market is segmented by:
  • By Vehicles: All-Terrain Vehicle, Side by Side Vehicle, Personal Watercraft, Heavyweight Motorcycle (Above 600 CC), Snowmobile, Other Power Sports
  • By Region: North America, Europe, Asia-Pacific, Rest of the World
 
The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/120/power-sports-market.html
 
Highlights of the Report:
 
The global power sports market promises a healthy growth opportunity and is likely to witness healthy growth during the forecast period of 2018 to 2023. 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 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.
 
Key Players of the Market

The market is consolidated in nature with five major players Arctic Cat Inc., BRP Inc., Harley Davidson, Honda Motors. Co., Ltd., John Deere holding together the major share in the market, with Arctic Cat Inc. being the key player.
Other important firms are Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors, Yahama Motors Co., Ltd.
 
Features of the Report

The Report discusses about the working of the power sport vehicles, the various types, and the growth of the power sport vehicles in the global market. Here are the key features of the report:
  • Strategic Segmentation
  • Competitive Analysis
  • Strategic Growth Opportunities
  • Swot Analysis
  • Key Players
  • Forecast Analysis & Future Growth
 
Know more about us and our reports:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.
 
For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
 

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