Powersports Market Research Report - Global Forecast to 2027

Posted by Abhijeet Bendre on July 18th, 2019

Market Research Future published a research report on “Global Power Sports Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Power Sports Market Overview:

The power sports industry comprises recreational and utility-oriented vehicles and is leisure and lifestyle-based industry. The industry includes off-road Vehicles (ORVs), including all-terrain vehicles (ATVs) and side-by-side vehicles (SxS), snowmobiles, motorcycles, and personal watercraft (PWC).

Applications within the Power Sport Industry include motorcycles, UTVs, ATVs, snowmobiles, and personal watercraft (PWCs). The high-performance vehicles require high powered regulators and contactors which need to perform in a variety of harsh environments. Power sports products are designed to resist common environmental hazards such as moisture, dirt/debris, vibration/shock, and high operating temperatures. One of the characterizing components of any power sport is the utilization of a engine, some way or the other. With the increasing popularity the Power Sports segment is going to witness a significant growth in the forecasted period.

The major products used by this industry includes high current voltage regulators, sealed plastic contactors, and various electronic controls. The powersports is a subset of the generalized category of motorsports. The powersports are distinguished and defined from the other on the basis of use of engine

The Powersports market is expected to increase due to increasing urban population, growth in global GDP per-capita, increasing global youth population, etc. The market faces some challenges such as, high cost of snowmobiles, prone to economic fluctuations and high susceptibility to weather conditions. Integration of audio entertainment, mobile phones and Go-Pro cameras in recreational off-road vehicles enhances driving experience. Also, connectively of integrated bluetooth headsets provides advance communication channels between riders. Touch screen dashboard monitors tracks and displays better vehicle diagnostics, display various navigation tools and can be effectively used with glove covered fingers.

Browse Full Report @ https://www.marketresearchfuture.com/reports/power-sports-market-877

Key Players:

Honda Motor, Yamaha Motor, Polaris industries, Harley Davidson and Arctic Cat. Polaris are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Power Sports Market.

Power Sports Market – Segmentation

The Power Sports Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Terrains - All Terrain Vehicles and Side by Side

Segmentation by Models - Stand Up, Sit Down and Multi personal Models

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Power Sports Market – Regional Analysis

The market is mainly concentrated in the region of North America (the US and Canada) and Europe in particular. North America led the global power sports market. In snowmobile vehicle segment, the North America region is the largest industry player owing to high demands in adventurous sporting. The sales of motorcycle and PWC segments significantly improved after the global economic recession in the region.

In the US, California Air Resources Board (CARB) governs the vehicle emission regulations to curb air pollution. This law states that all the All-Terrain Vehicles (ATV) must demonstrate efficient exhaust and vehicle emission control systems along with well stated CARB emission standards.