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Electric Power Sports Market Share

Report ID: GMI5324
Published Date: Feb 2024
Report Format: PDF

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Electric Power Sports Market Share

Polaris Inc. and Zero Motorcycles hold a significant market share of over 10% in the electric power sports industry. Polaris Inc. is highly competitive and focuses on innovative EVs to cater to the high demand from new industry verticals. It also focuses on expanding the capacity of its distribution centers to optimize inventory stocks.

Zero Motorcycles is focused on expanding its geographical reach around the globe, thereby improving its business operations. With a focus on innovation, performance, and sustainability, Zero Motorcycles offers a diverse range of models catering to various riding preferences, pushing the boundaries in EV technology.

Electric Power Sports Market Companies

Major companies operating in the electric power sports industry are:

Alke
Damon Motors Inc.
Energica Motor Company S.p.A
Greenworks Commercial
Harley-Davidson, Inc.
Intimidator UTV
Polaris, Inc.
TACITA S.r.l
Taiga Motors Inc.
Zero Motorcycle

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Electric Power Sports Market was valued at USD 9.2 billion in 2023 and is anticipated to register a 6% CAGR between 2024 and 2032 owing to the rising demand for a unique riding experience with electric snowmobiles.

The motorcycle segment held a major market share of around 99% in 2023 and is expected to grow significantly through 2032 with the introduction of electric motorcycles with long-range capabilities.

Asia Pacific electric power sports market share was over 93% in 2023 and will grow through 2032 owing to the growing investment in lithium-ion innovations for improved performance and extended range for electric-powered recreational vehicles in the region.

Alke, Damon Motors Inc., Energica Motor Company S.p.A, Greenworks Commercial, Harley-Davidson, Inc., Intimidator UTV, Polaris, Inc., TACITA S.r.l, Taiga Motors Inc., and Zero Motorcycle.