The global online powersports market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2022-2028). The increasing number of off-road and recreational activities across the globe is one of the prime factors affecting and driving the market for online powersports. There have been increasing trends of formula off-road racing programs such as Britpart MSA British Cross-Country Championship which is considered as one of the most extreme off-road racing where drivers compete through steep hills and terrains. Additionally, Europe’s leading 4×4 and off-road challenge racing series, and Comp Safari events in the UK by BCCC, are also creating significant scope for the growth of the market. For instance, in July 2021, the BCCC was organized by that’s Motorsport Ltd. in the country.
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To gain on the opportunity key players operating in the global online powersports market had been adopting strategies such as new launches to achieve major market share. For instance, in August 2021, Polaris Inc. had announced its offering for an all-new electric version of its Ranger off-roader. The new ranger would be offered in two versions that include XP Kinetic Premium which would be consisting a 14.9 KwH lithium ion battery along with a 45-mile range and the XP Kinetic Ultimate having a 29.8 KwH battery and an estimated range of 80 miles. For this purpose, the company had also done a partnership with Zero Motorcycles to leverage the customer with an advanced model.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Vehicle Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Honda Motor Co., Inc., Kawasaki Motors Corp., Polaris Inc., Textron Inc., and Yamaha Motor Co., Ltd
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Online Power Sports Market Report Segment
By Vehicle Type
- All-Terrain Vehicle
- Side -by- Side Vehicle
- Personal Watercraft
- Snowmobile
- Heavyweight Motorcycle
Online Power Sports Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bombardier Recreational Products Inc.
- Deere & Co.
- Dealer Spike, LLC
- Great Outdoor Powersports & Lawn
- Honda Motor Co., Inc.
- HARLEY-DAVIDSON
- Kawasaki Motors Corp.
- KIA Motors Corp.
- KYMCO
- Polaris Inc.
- RIDENOW POWERSPORTS
- Suzuki Motor USA, LLC
- Textron Inc.
- Yamaha Motor Co., Ltd.
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