Market Analysis

The industry valuation from heavyweight motorcycles is estimated to amass USD 7 billion by 2032. The surging demand for affordable, high-capacity and wind-resistant carriers for transporting heavy loads and equipment for motorcycles is expected to propel the aftermarket demand for power sports components. Additionally, the growing inclination toward recreational activities in the post-pandemic era and the rising number of motorsport enthusiasts worldwide will accelerate the need for aftermarket products in power sports vehicles.
 

North America power sports aftermarket revenue is anticipated to cross USD 10 billion by 2032 owing to increasing interest in off-roading events, recreational activities and water sports. Developed economies in the region, including the U.S. and Canada are investing heavily in recreational infrastructure projects, including water sports clubs, amusement parks and trails. For example, in January 2023, the Canadian government announced an investment of more than USD 2.9 million to retrofit the Mackenzie Recreation Centre. The funding aims to enhance recreation infrastructure and reduce greenhouse gas emissions to keep up with the ongoing zero-emission efforts. In addition, rapid technological developments and the increasing modernization of power sports vehicles will complement the industry outlook.