Home > Automotive > Mobility > Recreational Vehicles > Online Powersports Market

Online Powersports Market Size

Report ID: GMI4754
Published Date: Mar 2023
Report Format: PDF

Download Free Sample

Online Powersports Market Size

Online Powersports Market size surpassed USD 5 billion in 2022 and is anticipated to register 5% CAGR from 2023 to 2032, backed by the paradigm shift from conventional retail to e-commerce shopping experiences.

To get key market trends

Download Free Sample

The rising penetration of artificial intelligence (AI) and rapid digitization have fueled huge interest in e-commerce platforms to transform the traditional business models. This has attracted significant investments from both private as well as public sectors to keep up with the new trends. According to India Brand Equity Foundation, the e-commerce sector of India reported an influx of USD 15 billion in 2021, 5.4 times higher than that in 2020. Additionally, the recent breakthroughs in next-generation technologies such as augmented reality (AR) and virtual reality (VR) are also likely to transform the space of power sports in the future.

Online Powersports Market Report Attributes
Report Attribute	Details
Base Year:	2022
Online Powersports Market Size in 2022:	USD 5 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
2032 Value Projection:	USD 12 billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	81
Segments covered:	Vehicle
Growth Drivers:	Increasing collaborations of power sports market players with e-commerce platform providerAttractive marketing strategy and promotional activities by key players in power sports industry Growing investments to develop e-commerce industry Rise in the usage of online platforms related to power sports purchases
Pitfalls & Challenges:	Data security and privacy concerns

Learn more about the key segments shaping this market

Download Free Sample

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of online powersports surpassed USD 5 billion in 2022 and is anticipated to witness 5% CAGR from 2023 to 2032, explains GMI study.

Heavyweight motorcycles are projected to capture 38.5% market share by 2032 due to the growing availability of rental adventure bikes.

North America industry size is estimated to amass USD 6.4 billion in 2032 owing to the increasing number of internet users across the U.S. and Canada.

Some of the major firms operating in the competitive landscape are Polaris Industries, Honda Motors, Yamaha Motor Corporation, Kawasaki Motors Corporation, and BRP.